SHIPPING MILLIONAIRES.
FORTUNES MADE IN WAR. i London, March i). Lord Colwyn, addressing a special war profits meeting of the Manchester Chamber of Commerce, gave instances of new shipping fortunes. A couple of millionaires, he said, had multiplied their wealth by six. An alien starting on £IO,OOO was now worth £50,000. Lord Colwyn suggested taking a prewar capital basis, allowing for currency depreciation, plus savings on the balance, and then enforcing a progressive tax. This would not touch the thrifty majority, but would allocate to the State its rightful property.
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Taranaki Daily News, 19 March 1920, Page 5
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90SHIPPING MILLIONAIRES. Taranaki Daily News, 19 March 1920, Page 5
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