Note to Mike McCarty: I didn't eat the WHOLE bag, I may have shared. A little. NO ill effects.
Treacle and molasses are listed as seperate ingredients. On second thought, I don't really want to know what treacle is.
By the way, I much prefer this Australian "liquorice" to its Dutch counterpart (sorry, Peter J. and Scott B.).
http://www.dlea.com.au/liquorice.asp