ENGLISH BETTING TAX
BOOKMAKERS PROTEST TALK OF TOTALISATOR By Cable.—Press Association.—Copyright LONDON, Wednesday. A deputation of bookmakers waited upon the Chancellor of the Exchequer, Mr. Winston Churchill, in connection with the betting tax and its effects. In reply to the representations made by the deputation, Mr. Churchill said the tax had no't seriously injured racing. At the bloodstock sales the highest prices on record had been realised. The tax no doubt contributed to a decline in the attendances at races, but the weather and the industrial depression were also great factors. Up to the present the tax had yielded naif the estimated amount of £1,500,000. The Chancellor said he believed £3,000,000 a year was the utmost that could be squeezed from the racing public. r Mr. Churchill intimated that he intended to ask Parliament to give the betting tax a fair trial in the flat race season. If it were found to be injuring racing he would reconsider the incidence of the tax. He had been giving a great deal of thought to the proposal to establish the totalisator. Opinion in favour of the machine had been fathering strength since last year, but it could not. replace the office bookmaker. —A. and' N.Z.-Sun.
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Bibliographic details
Sun (Auckland), Volume 1, Issue 8, 31 March 1927, Page 1
Word Count
203ENGLISH BETTING TAX Sun (Auckland), Volume 1, Issue 8, 31 March 1927, Page 1
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