CO129-597-1 Estimates 1948 15-11-1946 - 12-6-1948 — Page 70

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3.

The revenue estimate of $109,839,750 compares

with a revised estimate of $78,000,000 for the eleven

months ended 31st March, 1947. It will be recollected

that the original estimate only totalled $51,308,300.

In the event, revenue proved more buoyant than could

reasonably have been foreseen after the dislocation

caused by a long period of enemy occupation.

Then, in

accordance with the recommendations of the Taxation

Enclosure No.4 Committee which I appointed in September, 1946, a copy

of whose report is enclosed, various new taxes and increases

in existing taxation were introduced towards the end of

1946.

4.

These measures included the following:

A. The doubling of the import duties on liquor

(excluding beer in respect of which the increase

was limited to twenty five per cent) and an

increase of fifty per cent in the import duties

B.

on tobacco.

An increase in the tax on sweepstakes from

fifteen per cent to twenty five per cent.

C. The imposition of a ten per cent tax on me als

served in hotels and restaurants and on all

D.

intoxicating liquors sold in hotels, restaurants

and bars. In order to provide a measure of

protection for bona fide residents in hotels

and for the considerable section of the population

which is forced, owing to the housing shortage, to

take their meals in hotels, the tax was only made

applicable to meals costing more than $5 a head.

A tax of ten per cent on all bills of whatever

amount and on dance tickets sold on premises

licensed as dance halls.

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