SUGAR REFINERS’ WIN
REDUCTION IN THE DUTY MR. SNOWDEN’S ALLEGATION (United P.A.—By Telegraph — Copyright) (United Service) LONDON. Monday. The ‘Daily Mail” says Mr. Philip Snowden, Labour member for Coino Valley. Yorkshire, in the course of a speech at the week-end. said the Budget reduction of 2s a cwt in the dutyon imported sugar benefited the British refiners, not the consumers. This plan between the Chancellor of the Exchequer, Mr. Churchill, and the refiners, was concocted in the past few months. Preparations were made for it in order to bamboozle the public. The shares in one reflnerv began to rise weeks ago owing to the knowledge of Mr. Churchill’s plans, and £2.500,000 had been added to the value of the ordinary shares in the sugar refining industry in the past six weeks.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/SUNAK19280508.2.100
Bibliographic details
Sun (Auckland), Volume II, Issue 348, 8 May 1928, Page 9
Word Count
131SUGAR REFINERS’ WIN Sun (Auckland), Volume II, Issue 348, 8 May 1928, Page 9
Using This Item
Stuff Ltd is the copyright owner for the Sun (Auckland). You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in