London, July 19.
As the Government decided to adopt the Totalisator passed this week, despite amount of Labour opposition, the Chancellor "announced what is practically a supersession of the Betting Duty. Its disappearance will be gradual, The reduction from October 1 next will be as follows:—
Course Bets, From 2 to 1 per cent, Credit Bet From 34 to 2 per cent, As there will be a consequent loss to the revenue this year of £1,250, 000, to make good this deficiency there will be an increase in the Vicence duties payable by bookmakers, but this change will not be made until the next Budget, Bookmakers' licence duties are at present £10 a year for each bookmaker and each assistant, if any, making a book on his behalf, and £10 a year for every set of premises used by the bookmaker as an office. They will either be doubled next year, said the Chancellor of the Exchequer, or may be superseded by a new system of grade licences. In the former case the duty at the new reduced level would remain, In the latter, the duty would be entire abolished, except on bets made through 'a totalisator, from which apparently Mr. Churchill proposes to ko one per cent. Everybody seems pleased with the change.
Text read from the printed page and cleaned; old type leaves the occasional error.