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WHISKEY IN BOND
Table of Outage, Government Allowance, and Gain in
Proof, each Six Months.
Government
IP
roof
Wine
Above
Months
.Allowa nce
Gallons
Gallons
Proo.£
6
~ ~
43,0
44
3 per cent
12
3
42
43,0
5
"
18
4~
42
43
5
"
24
5 ,0
41
42~
7
"
30
6~
39
42
9
"
36
7,0
38
41
12
"
There will be usuall y during three years a shrinkage of
ten to twelve gallons in the contents ofi each bar rel, and
the increase in the percentage of proof of the remaining
contents will be from 16 to 18 per cent. The tax for
withdrawal at the end of three years is computed in the
following manner: When a barrel of whiskey is placed
in bond it contains 45 gallons--usually rather more. It
would probably in three yea rs suffer a shrinkage of 12
gallons, at the same time the increase of proof of remainder
would be about 16 per cent. Original bulk, say 45
%
gallons, shrinkage 12 gallons, leaves 33,0 w ine gallons.
16 per cent of 33,0 equals
50
increase of proof. 38 5/ 6
gallons proof on which the tax has to be paid.
In
some
cases it may be that shrinkage is greater than 12 gallons,
but in that case the holder suffers, not the government.
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