TREASURY'S VICTIMS.

Dominion, Volume 2, Issue 503, 10 May 1909, Page 5

TREASURY'S VICTIMS.

MOTOR-CAR COMPANIES AND OWNERS <r'..._': .'v norland.,; ';:;■:.;.:, ■■< (BX TELEGRAPH—PBESS ASSOCIATION—COPTEIOHT.) .'■■ fltec. May 9, 4.30 p.m.) '■:' '..'.'. .London, May .B. : ' : Notwithstanding that the Budget has been debated for a week, the operation of several of its proposals is still obscure, especially Jhe proposals for taxing tho .unearned increment of land., '; . '■'■-, '■'•: -'y'.;. :'. .The London General Omnibus Company (capital, including debentures,- £1,323,592) will have to pay an additional , £37,000 a year for its potrol as a result of the 3d. per gallon duty on potrol (with l}d. rebate :lin tho caseof commercial cars). '-.' [The Budget proposes that the State should fake 20 per cent, of the unearned inclement in the value of land, payable at death; and that when the land is sold.a further jd. in the £ should be levied in respect of the capital value of tho- undeveloped land and minerals not won; also id. in the £- on- mining royalties, and a 10 per cent, reversion duty on benefits accruing at the termination of a lease. The land taxes, it was estimated, would produce ,£500,000.] -..;■