BRITISH INCOME TAX

Hokitika Guardian, 21 January 1932, Page 5

BRITISH INCOME TAX

A GOOD RESPONSE. • : (British Official Wireless.) RUGBY, January 19. The remarkable response which the incoiSe tax payers made to the Government's request for the prompt payment of the large instalment that was due on January Ist is shown by the Treasury figures to have beeu more than maintained in - the second week of the quarter. During the week ending ,• .January 16th, the income tax collected / amounted to tweilty-eight and a-Jialf hliiliOhsl, aft increase Of eighteen millions) or .approximately of seventy-five per cent. Over the amount collected during the corresponding week of last year, The total amount collected between the Ist. and the 16th of January was nearly fifty millions in the first seventeen days last year. The collection of surtax to date is equally satisfactory. During the week fending on the 16th of January, there was received £9,350,000 compared with (£2,450,000 during the corresponding week of last year. The total amount of surtax received for- the first sixteen <r,- days of the year was fifteen millions. A Showing an increase of seven millions V. over the total received for the corresponding period of 1931. BRITISH FINANCE. LONDON, January 20. Bankers continue to receive reports from the continent regarding the favourable impression created by the tax collections and inflow of revenue, which enabled a reduction of £35,245,000 sterling of the floating debt in one week.