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Canada, which has had singular success in maintaining a budget surplus, last week was demonstrating one way to get more government revenues: cut taxes. In April 1951, Canada increased its already high cigarette tax by 3? a pack, to 25?. This gave the smuggling of cigarettes such a boost (an estimated 18% of legal sales) that annual revenues from the tax dropped $4,700,000 to $169.8 million. A year later, Canada removed the 3? tax increase; government revenues went up $9,400,000 for the year. But smugglers were still busy...
...style. Le Monde applauded the absence of "polemics, which give the Soviets the nourishment they need for their propaganda." In Germany, giving his approval, Konrad Adenauer said that it was he who suggested writing the note. And, though it was nicely timed to give Adenauer a last-minute boost for the Western German elections (see below), Adenauer's political enemies, the German Socialists, said they liked...
...from the operators last October. Result: the fund's unexpended balance shrank from $99.5 million to $92 million. The fund's outlook, as more miners retire and union-mined coal output declines, is dim. There is small hope that a royalty increase will help, since any boost will shift more coal production to non-union mines. Non-union output jumped 5% last year, to 23% of U.S. production...
...more protection what the wool men really need? High-quality Australian wool, adding in the present tariff, now costs more than the domestic wool (see chart). Furthermore, wool users, who oppose a tariff increase, argue that any boost in domestic wool prices would actually be self-defeating. A rise in wool cloth prices would decrease consumption even further and increase the use of synthetic fibers...
...shoppers since last October. Starting his plan as a goodwill gesture, Rothschild offered $125 a month to any women's church group that would volunteer to do the serving, has had plenty of takers. The snack is served from 11 a.m. to 4 p.m. daily, has helped boost sales in Rothschild's 16-month-old store as much...