6.2.87
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53
104.
The refund on diesel oil to the franchised bus
companies will remain at 65¢ a litre. The cost of the
duty increase to all these companies taken together will
be $6 million. The effect, if any, on bus fares should be
minimal.
105.
The two increases come into effect this
afternoon. I estimate the additional revenue yield to be
$60 million in 1987-88.
Intoxicating Liquor and Imported Alcohol
106.
liquor.
I make two proposals relating to intoxicating
First, I propose increases varying from 6% to 13%
in specific duty elements with a view to restoring their
real values since they were last revised (37). A number
of them have not been revised since 1984. The ad valorem
rates will remain unchanged.
(37)
Appendix E.
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