"TATTERSALL'S"

Waipa Post, Volume XXIV, Issue 1689, 21 November 1925, Page 5

"TATTERSALL'S"

BIG BENEFIT TO TASMANIA

It is instructive to notice, says the Melbourne Argus, how far Tasmania has benefited 'by the revenue which it collects from Tattersall's sweeps. An official return issued by the State Treasury discloses that Tattersall paid to the iState and Federal Treasury up to the end of the financial years of 1922'23, £1,797,1231 to the Tasmanian Government, and £514..'279 to the Federal Government. The initial payment in 1903 amounted to £27.138, and in 1923 the total was £201,875, while at the same time £110,919 was handed to the Federal Government. Fully 9 per cent, of the whole consolidated revenue was represented in 1923 by the contributions of Tattersall's to the revenue. A computation made a little while ago ■went to show that out of the then average cost of a sweep ticket of 6s 3d, 2s 9d was collected in various ways, either in the form of taxation, postage, or commissions, so that the balance left towards prizes was 3s 6d. The Tasmanian Treasurer in his last issue of Budget papers provided a return which showed that from lottery tickets alone in 1923-24 and 1924-25 the State received stamp duties _of £227,500. Seeing the financial plight of Tasmania it cannot afford under existing conditions to deprive itself of the revenue now flowing to it from Tattersall's sweeps.