dodging the «axes. During the war the British Government, in tho national interest, restricted the sale of liquor. The brewers alleged loss of 'trade, claimed and got allowances oft license duties. Ihe real position was: During 1914 to 1919 (in-’ elusive) allowances on license fees to brewers, .£7,400.000; increased l profits made bv 16 leading breweries as compared with 1914. £10,000,000. So that, while the trade as a whole dodged taxation during war time to the tune of ■£'.409,G00, it was making actually enormously-increased profits, as will be seen from the 16 companies abovementioned. The public purse lost over 7 millions it was entitled to while th* trade, pretending loss, was "profiteerH Tn New Zealand brewers are allowed a margin of 10 per cent, to cover possible waste in converting worts to beer—they pav excise duty on only 90 of every 100 gallons of beer tho worts are estimated to make. British brewers arc allowed only 0 per cent., which tihe Chancellor of the Exebeaiier said was more than enough for efficient brewers. Suppose we say 5 per cent, is liberal, thigi on the 1920 output: the New Zealand brewers, bv getting 10 per cent., obtained 800,000 "iillnns of beer duty ‘free, ami public funds got £20,000 less than they were entitled to. After allowing Is. per gallon for cost of production, this 800,000 gallons sold at ss. pep gallon brings the trade tho handsome sum of £160.000. Do you know of any other New Zealand industry that is allowed to escape taxation to’the tune of £20,000 annually?— N.Z. Alliance Publicity.—Advt.
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Dominion, Volume 14, Issue 201, 20 May 1921, Page 6
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261Page 6 Advertisements Column 2 Dominion, Volume 14, Issue 201, 20 May 1921, Page 6
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