THE BRITISH BUDGET.
: ; — — f\ , EXCESS PROFITS TAX. V* v. iH TO TEAlffi; By London, April 01. i lie mercantile community is strongly opposing the increase of the excess M n tax PWposed in tiie Budget. ! K - .Hanville, MP, president of tne Associated Chambers of' Commerce, at the annual meeting, • strongly condemned the increase, which was hound seriously to handicap the country's trade. .."J'"' t'ouncil of the Federation of Briindustries passed a resolution protesting against the (ax. The National Union of Manufacturers is arranging, a protest meeting at the Guildhall. A prominent financial authority states that, while the increase may cause some i diminution in the flotation of now industrial companies, the falling off will not be sufficient io improve the monetary position as affecting forthcoming colonial issues. ° The tone of the Stock Exchange improved on the impression that the proposals will- be modified, if not withdrawn. _ . Paris, April 22. The British whip duties li<ivg caused consternation winegrowers Tt is believed they pratcieally amount to prohibition. The National Wine Association has been summoned to consider the situation.
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Taranaki Daily News, 24 April 1920, Page 3
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176THE BRITISH BUDGET. Taranaki Daily News, 24 April 1920, Page 3
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