Sir Henry Cautley, who was Chairman of the Select Committee
on Betting, feels strongly, of course, that street betting ought to be taxed on moral grounds as a method of restriction.. He does not shrink at all from the idea of licensed ready-money betting houses; because he considers' that by no other means could street betting be brought under 'controL In the meantime it would be Well for the moral objectors to all taxation of betting to -Andy the alarm Of what may be called the horse racing industry. We read in the Daily Express that it is expected that the new' taxation will "reduce the attendances at race meetings ; greatly lessen the amount of betting ; reduce the "amount of Prize money ; gradually destroy racing ; ruin' the important "industry of breeding and training;' ,drive both the professional backer and the bookmaker out of business, and send the best blood abroad!' — * * *
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