27
Wednesday, February 28, 1973
Referring to stamp duty, the Financial Secretary stressed that he had
not assumed that the yield from stamp duty on contract notes would continue at
the exceptionally high levels of recent months.
He noted that the monthly turn-over in stamp duty more than doubled
from $4,500 million in the six months ending September 1972 to $10,000 million
in the five months ending February this year.
"Perhaps I should have assumed continuing buoyancy at this level,"
he said, "but I haven't."
/28
No comments yet.
Private notes are available after approval.