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CORPORATIONS SEVERELY HIT BY OIL TAX.

3rd May 1935, Page 51
3rd May 1935
Page 51
Page 51, 3rd May 1935 — CORPORATIONS SEVERELY HIT BY OIL TAX.
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Which of the following most accurately describes the problem?

NAUNICIPALITIES in many parts of J.Vithe country are severely affected by the proposal of the Chancellor of the Exchequer to increase the tax on oil fuel from id. to 8d. per gallon.

At Salford the rise in taxation will cost the corporation an additional £4,500 a year, and this further commitment has removed the prospect of any reduction in fares at present.

Halifax Corporation will have to find an extra £5,155 a year, the operating cost of the oil-engined buses being increased by at least id. per mile. The corporation runs 44 oilers, 35 being double-deckers and 9 single-deckers.,

The increased taxation will cost Old ham Corporation about £3.000 a year, whilst Manchester's bus-operating costs will be raised by some £22,000 a year.