G.F. 316
SECRET 高度機密
UNCLASSIFIED
increase much less than the duty rate. Examples are provided in a footnote to the printed speech (60). The proposed higher increase of 29% for imported raw tobacco will reduce the differential to an all time low of 23.5% since its introduction
in 1949
1949 (61). However, I must warn the tobacco trade that during 1985 I will review the merits of imposing a pure ad valorem duty on tobacco, following a similar implementation in
(60) The effect on arbitrarily selected brands will be -
Approxi-
mate retail
Description
Packing price
Duty increase
% increase
($)
($)
Imported
Cigarettes
Kent
Marlboro
20s
7.00
0.50
7.1
20s
7.00
0.50
7.1
Viceroy
20s
6.50
0.50
7.7
Winston
20s
6.50
0.50
7.7
Locally Manufactured
Cigarettes
Double Happiness
20s
4.50
0.70
15.6
Good Companion
20s
4.50
0.60
13.3
Hilton
20s
4.50
0.55
12.2
Cigars
Alhambra Coronas
25s
98.00
6.60
6.7
Chinese Prepared
Tobacco
Double Swallow
1 tael 3.00
0.22
7.3
Other Manufactured Tobacco
Mixture No. 79 Copenhagen Snuff
7 oz 64.00 1.20 oz 14.00
6.00
9.4
1.00
7.1
(61)
Year
% difference between the rates imposed on imported cigarettes and imported raw tobacco
1949 1960 1964 1966 1974 1975 1978 1983
60
40.9 48.3 36.3 36 24.2 35.2 35.5
UNCLASSIFIED
SECRET E#2