XN000022-1974-03-27 — Page 9

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Wednesday, March 27, 1974

TRANSPORT TAX PROPOSALS MODIFIED

Revised Fees Effective Retrospectively From Feb. 27

***

Some relief for motorists was announced by the Financial Secretary

today when he presented a modified version of his original budget proposals

for higher taxes on road users.

The effect of the revised increases will reduce by $9.5 million

the yield from the original revenue proposals, and lead to a smaller

estimated surplus of only $12 million instead of the $21 million surplus

forecast for the coming financial year.

In the case of vehicle licences, Mr. Philip Haddon-Cave, introduced

a new standard of fees for cars of all classifications by increasing

the present six rates for private cars by 176 per cent.

Rounding off to the nearest $50 and maintaining a reasonable

progression, the rates will be:

$ 350 for care of up to 1000 c.c.

$ 500 for cars of up to 1500 c.c.

$ 750 for cars of up to 2500 c.c.

$1,000 for cars of up to 3500 c.c.

$1,250 for cars of up to 4500 c.c.

$1,500 for cars over 4500 c.c.

These new rates are expected to bring in an extra $49 million

in revenue' $3 million less than the increase from the Financial Secretary's

original proposals.

The new rates