WHAT TAXATION ABSORBS
Press Association
By Telegraph-
WELLINGTON, June 11. • Levies for taxation in one forrn or another amounted to 3s 3d in eyery £l's worth of goods sold, stated Mr. J. R. McKenzie, mqn-aging-director and chairman of the company, presiding 9-t the annual meeting of McKenzie's Department Stores today. Over-^ seas freights, exchange and bank charges, of course, could not be avoided. They represented a substantial amoqnt in every sale'. Salaries, . wages and trading charges had considerably increas-. ed and represent 3s in every £1, There was available to shareholders by way of profit 8d in the £1 only.
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Bibliographic details
Chronicle (Levin), 11 June 1947, Page 5
Word Count
100WHAT TAXATION ABSORBS Chronicle (Levin), 11 June 1947, Page 5
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