GAS COMPANY TAXATION.
UNFAIR BURDEN ALLEGED. By Telegraph—Press Association WELLINGTON. February 9. At the annual meeting of the Wellington Gas Coy. to-day, the chairman (Sir Harold Beauchamp), in moving the adoption of the report and balance sheet, pointed out that the amount provided this year, £28,026 for rates and taxes, including income tax, showed an increase of £9715 over that for 1930. In other words, the total cost to the Company for rates and taxes amounted to 10.3 d per thousand cubic foot of gas sold, and was £1493 greater than the dividends paid to shareholders.
At the conclusion of the discussion, a resolution was passed urging the Government to place municipalities and Power Boards supplying gas and electricity for light, heating and power purposes upon the same footing as regards taxation as gas companies.
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Timaru Herald, Volume CXXXVI, Issue 19105, 10 February 1932, Page 8
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135GAS COMPANY TAXATION. Timaru Herald, Volume CXXXVI, Issue 19105, 10 February 1932, Page 8
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