STATE TO HAVE £20,000,000
DUTIES HALF ELLERMAN FORTUNE.
REDUCE INCOME TAX 3d."
By Telegraph—Press Assn.—Copyright.
Rec. 9.55 p.m. London, Nov. 17. The total Ellerman estate will exceed £40,000,000, according to the Daily Telegraph, necessitating the payment of over £20,000,000 to the State, of which probably about £15,000,000 will be received by the Chancellor before March. It is the equivalent of the amount required to reduce the income tax by three (pence in £1 if it could be devoted to that purpose. ’■
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Bibliographic details
Taranaki Daily News, 18 November 1933, Page 7
Word Count
81STATE TO HAVE £20,000,000 Taranaki Daily News, 18 November 1933, Page 7
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