BREWER AND BUDGET.

Manawatu Herald, Volume XXXI, Issue 458, 11 May 1909, Page 2

BREWER AND BUDGET.

MR BALFOUR ON THE INCOME TAX. London, May 8. At a meeting of the Primrose League, the Leader of the Opposition, Mr Balfour, declared that the Budget proposals were inequitable and vindictive, were based on no principle, and were calculated in the long run to injure the whole productive capacity of the country. The proposals regarding income tax had diminished Britain’s financial capacity to meet the stress of any great European conflict. SOME HOTEL AND BREWERY FIGURES. London, May 8. Representatives of the licensed liquor trade differ with the Chancellor of the Exchequer (Mr Lloyd-George) as to the amount of revenue likely to be derived from the new taxation proposed in the Budget on spirits (the duty on which is proposed to be increased by 3s gd per gallon) and from the revised liquor license duties. The Chancellor estimates that the new spirits duty will give an additional revenue of .£l,6oo,copper annum, and that ,the new, license duties will yield £2,600,000 annually, making a total additional revenue from these sources of £4,200,000 per annum. The licensed trade representatives estimate that the new duties will really produce £11,000,000 annually. The license fees of hotels have advanced enormously, the Savoy Hotel by £6250, and the Ritz by The license charges on the tied house of Watney, Combe, Reid and Co. (total capita1£12,610,943, including loans) amount to £140,000 per annum; in the case of another brewing firm, Whitebread and Co. (total capital £4,870,043, including loans), they amount to £37>boo per annum.