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Wednesday, 3 June 1942

Mr JOLLY (Lilley) .- In his second-reading speech, the Minister said that the extra amount of licence-fee that would have to be paid under certain circumstances by commercial broadcasting stations would be one-half of1 per cent, of the gross revenue. He also used the term " gross earnings ". I wish to know exactly what is meant. Will this be a tax on turnover?

Sir Frederick Stewart - I think it will.

Mr JOLLY - The position is not clear to me. The Minister will realize that there is a great deal of difference between gross revenue or earnings and net profit.

Mr Beasley - A station will not have to pay any extra fee unless it has earned a profit.

Mr JOLLY - It may earn a small profit and thereby become liable to the extra amount of licence-fee, so that its profit may actually involve a loss because the extra fee is based, not upon net earnings, but upon gross earnings.

Mr Francis - Conceivably, the extra tax may be more than the amount of profit.

Mr JOLLY - That, is so.

Bill agreed to and reported without amendment; report adopted.

Bill - by leave - read a third time.

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