GOLD EXPORT BONUS
■"\ PREMIUM FROM EXCHANGE. ■ "A. I MARGIN OVER. TAXATION. I WELLINGTON, February 13. H If New Zealand’s output of gold for ■ 1933 is equal to the amount exported Hin 1932, the gold industry will receive Ha bonus of £39,806, or 3s 8d an ounce, Has the result of the increase in the rate, according to a. stateHment issued by the. Minister of Mines, Htlie Hon. C. E< Macmillan, to-day. is"the net sum after taking, off Htho new export tax of 12s 6d an ounce, Hwhich was imposed on Wednesday. H Tho value of gold exported last year Hwas £1,171,873 and when a- further Hlo' p4r cent exchange premium' is ■added'to this, the increase in value is Based on last years’ export, Htli tax of 12s Gd an ounce would take ■£135,974, leaving a difference between Hthe exchange premium and tax of Hc.39,80fi in favour of the gold exportHcr on £217,550 ounces. This means Ha bonus of 3s 8d an ounce. ■j mmr
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Hokitika Guardian, 16 February 1933, Page 7
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164GOLD EXPORT BONUS Hokitika Guardian, 16 February 1933, Page 7
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