BETTING TAX IN GREAT BRITAIN.
TREASURY RECEIVES LARGE SUM. (BRITISH OFFICIAL WIRELESS.) RUGBY, October 27. In. a speech last night the Chancellor of the Exchequer, Mr Winston Churchill, said the Treasury this year would receive £3,000,000 or £4,000,000 from the betting tax, and he knew of no great national interest that had suffered in consequence of the tax. The attendances had not fallen off at big race Meetings, and the prices realised at the bloodstock sales bad surpassed all previous records in every sale since the imposition of the tax. The money thus realised would almost exactly equal the amount which the Government had to provide to establish a universal system of widows' pensions for the whole year.
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Press, Volume LXIII, Issue 19144, 29 October 1927, Page 15
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118BETTING TAX IN GREAT BRITAIN. Press, Volume LXIII, Issue 19144, 29 October 1927, Page 15
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