WEDNESDAY, DECEMBER 4, 1975
TURNING TO THE EFFECT OF THE INCREASES IN DUTIES ON THE COST OF LIVING, THE FINANCIAL SECRETARY SAID IN TERMS OF PRICES PARTICULAR PRODUCTS IN THE SHOPS, THIS WILL DEPEND ON THE EXTENT TO WHICH THE INCREASES ARE ABSORBED WITHIN THE PROFIT MARGINS OF IMPORTERS AND MANUFACTURERS, ON THE ONE HAND, AND RETAILERS, ON THE OTHER, AS OPPOSED TO BEING PASSED ON TO CUSTOMERS.
ON A STANDARD BOTTLE OF (NON-COMMONWEALTH) BRANDY THE INCREASE IS $3 AND ON A STANDARD BOTTLE OF COMMONWEALTH WHISKY, $1.35.
THE INCREASE ON A SMALL BOTTLE OF BEER IS ONLY $0.02 (AND ON A LARGE BOTTLE $0.04).
ON A PACKET OF 20 CIGARETTES, THE DUTY INCREASE IS RATHER MORE OR RATHER LESS THAN $0.10, DÉPENDING ON WEIGHT AND TO AN INSIGNIFICANT EXTENT, ON ORIGIN.
ON THE EFFECT ON THE OVERALL COST OF LIVING AS MEASURED
BY THE CONSUMER PRICE INDEX, THE FINANCIAL SECRETARY SAID THE EFFECT WOULD NOT EXCEED 0.1 PER CENT.
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