TEA MAY BE CHEAPER.
PROPOSAL TO REMOVE THE DUTY. By Teleiraph.—Fross Association. Wellington, Last Night. A clause added to Jthe Appropriation Bill in the House of Representatives, on the motion of the Prime Minister, authorised the Government to reduce the duty on tea by special order, and tea imported in bulk from British dominions may be restored to the free list. The present duty on tea was imposed after the outbreak of ivar as a method of raising additional revenue.
The prospect of the duty being lifted from tea has caused some aijxiety among importers, who are holding «tocfcs on which duty has been paid. The Prime Minister stated to-day that the duty would certainly not be changed before the.end of the current finaiyial year on March 31 next. He would not know the exact financial position until the financial year had ended, and in the meantime he did not intend to sacrifice any revenue. The clause had been inserted in the Bill in order that the Government might have power after March 31, if the financial conditions justified the change, to lift the duty from tea, and so relieve the consuming public from one of the burdens added during the war.
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Bibliographic details
Taranaki Daily News, 16 November 1920, Page 5
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202TEA MAY BE CHEAPER. Taranaki Daily News, 16 November 1920, Page 5
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