THE TAX ON CONSIGNMENTS.

Star (Christchurch), Issue 5583, 5 June 1896, Page 1

THE TAX ON CONSIGNMENTS.

The following letter has been forwarded to the Commissioner of Taxes, Wellington: — Sir, — Re the taxation of consignments, we, the undersigned importers and manufacturers "of Christchurch, beg to express our approval of the action of the Legislature in imposing a tax upon profits derived from the sale of consignment goods in New Zealand. We consider the absence of such taxation was an injustice to the bona fide importers and' manufacturers by placing them at a disadvantage with, the , owners and receivers of consignments. We also fail to see any valid reason why profits inadein business of this nature should not contribute a fair share towards the revenue of the colony. As large dealers in "drapery, grocery, hardware, furniture, saddlery, boots and. shoes, agricultural implements and general goods, we desire to state that, in our opinion, an equitable way of dealing with the taxation of consignment goods would be to levy the income tax on 10 per cent of the gross sales, or, in other words, tax them at the rate of i per cent on the gross turnover. — We have, &g., Sargood, Son and Ewen, Bing, Harris and Co., Mason* Struthers and Co., Butterworth Bros., Limited, W. Strange and Co., The Drapery and General Importing Company of . New Zealand, Limited, Gavin Gibson .and Co., Skeltou, Prostick and Co., M. O'Brien and Co., H. Fuhrmann, Aitken and Eoberts, P. and D. Duncan, Limited, A. J. White, Ashby, Bergh and Co., Edward Eeece and Sons, Lonargan and Co., Butler Bros., Eobert Shanks, Gecrge Taylor and Co., J. Ballantyne and Co., Kaiapov Woollen Company, New Zealand Farmers' Co-operative Association of Canterbury, Limited, The Excelsior Boot Manufacturing Company, Limited, Henry Berry and Co., Scott Bros., Morrow, Basselt and Co., Eeid and Gray, Booth, Macdonald and Co.. M. Harris and Son, George Payling and Co., Eoss and Glendining, Black, Beattie and Co., G. L. Beath and Co., Trent Bros., Andrews and Beaven.