England Betting Tangle: Mackenzie Bill Sure to Pass House of Lords--Taxation Rumors Many., Daily Racing Form, 1922-05-05

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ENGLAND BETTING TANGLE Mackenzie Bill Sure to Pass House of Lords Taxation Rumors Many LONDON England April 12 Lord Mulr Mackenzie is the author of the bill now be ¬ fore parliament to abolish the present anom ¬ aly with regard to betting by check The following is a copy of the bill which was formally read a first time last Thursday in the house of lords 1 Section two of the Gaming Act 1835 which makes money paid to the indorsee holder or as ¬ signee of securities given for consideration arising out of certain Raruing transactions rccovcrahle from tho person to whom the securities were orisiually given is hereby repealed No trustee czecutor or other person acting In a representative or fidu ¬ ciary capacity shall be under any obligation to make or enforce any claim under the said oectioa in respect of any transaction completed before the passing of this act or be liable for any breach of duty by reason of any failure to do so soi i This act may be cited as the Gamins Act 1922 1922There There is no doubt that the Mackenzie bill will go to the commons as it stands It has been read a second time and will pass the house of lords with all reasonable dis ¬ patch But its fate in the commons is by no means so easy to foretell In the first place the lower house is filled with fad ¬ dists who happily are not a serious factor in the lords then there is the bogey of government business which takes precedence of anything else and unless the government can be induced to grant facilities for the passage of the bill it is difficult to predict its fate fateThere There is no doubt about the necessity for the Mackenzie measure Tho courts are glutted with betting by check suits and wherever and whenever possible the judges decide against the welchers welchersThe The prominence given to these cases has had the effect of reviving the stories that the chancellor of the exchequer intends to introduce a tax on betting and that the next budget will include no less a sum than twenty millions to be raised in this way Some of the wellinformed people go so far as to say that the tax will take the form of a stamp to be affixed to every betting slip


Persistent Link: https://drf.uky.edu/catalog/1920s/drf1922050501/drf1922050501_10_1
Local Identifier: drf1922050501_10_1
Library of Congress Record: https://lccn.loc.gov/unk82075800