Studies in Britain National Finance
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In our eReader you can find the full English version of the book. Read Studies in Britain National Finance Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Studies in Britain National Finance
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The loss of interest on the capital sunk is an appreciable annual item, in addition to which there is the cost of warehouse rent and insurance, and the risk of loss by leakage or evaporation. The older the liquor is, the better it is, and also the more expensive under present excise conditions.
Spirit retained for so short a period even as twelve months is bound to lose some of its evil proper- ties, perhaps the worst of them. An inducement, therefore, should be held out to distillers to prepar...e their liquor in such a way that it will keep at least this length of time. The prospect of a saving of say 2s. a gallon in the duty would probably exercise a wonderful effect, and that could be offered by making the present rate of duty applicable only to spirit that had been kept in bond for at least a year, any- thing withdrawn earlier to pay 13s. The year's charges would amount to nothing like this, conse- quently there would be a substantial profit by the delay. The inducement after that need not be so great, but still sufficient for a time, at any rate, to covers expenses, say for spirit withdrawn after the second year in bond a reduction to 10s., and after the third year to 9s., while a further concession of 6d.
What to read after Studies in Britain National Finance?
You can find similar books in the "Read Also" column, or choose other free books by Root, J. W. (John William) to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The loss of interest on the capital sunk is an appreciable annual item, in addition to which there is the cost of warehouse rent and insurance, and the risk of loss by leakage or evaporation. The older the liquor is, the better it is, and also the more expensive under present excise conditions.
Spirit retained for so short a period even as twelve months is bound to lose some of its evil proper- ties, perhaps the worst of them. An inducement, therefore, should be held out to distillers to prepar...e their liquor in such a way that it will keep at least this length of time. The prospect of a saving of say 2s. a gallon in the duty would probably exercise a wonderful effect, and that could be offered by making the present rate of duty applicable only to spirit that had been kept in bond for at least a year, any- thing withdrawn earlier to pay 13s. The year's charges would amount to nothing like this, conse- quently there would be a substantial profit by the delay. The inducement after that need not be so great, but still sufficient for a time, at any rate, to covers expenses, say for spirit withdrawn after the second year in bond a reduction to 10s., and after the third year to 9s., while a further concession of 6d.
What to read after Studies in Britain National Finance?
You can find similar books in the "Read Also" column, or choose other free books by Root, J. W. (John William) to read onlineMoreLess
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