i . l g g. >4»- -,,.-<-...- l jun-l-q-u-S-s ualslllull m 001mm: YESTERDAY ' Leglslatuw w“ re, March I2. The House met at 11 a.m. Mr. atewm-t presented s. petition m from the Charlottetown Forum Um- 1mm value a 0.000 on the 9N9- erty used in cormectlon with its. rent for the year 1935 and subse- quent yUnIl ~ owing and to accrue and which the Ibrlsn mew have suthorlud by the Legislative." canals cf Lev-dug an Ac; passed at ma; present sealer: for the purpose , u! r "' the amount cf taxes own: to the said City of Oharloteetovn 1p to the thirty riot dwy n! Deoan-iber A. D., 1984 and f-lfriicla." Aw. 0A1 aascsnnen-l», valua- tlsn u.‘ tfftoufm) be fixed lspon its prlsgnwg Lord in connection with ltsrmxforlbeyoarlflbfimd. 1n cosh sud ova-y year while been property ls lmed 1n con- nection with the ope-melon of an liriiiiclal 10s s "mg link. The following was the resolution passed st last night's meeting of the Oouhlcfl. Whereas the tilrcctozs cl the Chariottetovm Florlm Limited have requested this Council's concur- rence in tlmr petition for exemp- tlon from civic taues and the Council has moon-bed the public nswre of the nude-raking, the im- possibility n! rmzllt and the ex- trcme diiflculty of meetkag aper- stlng expenses, l: wall. as the com- n‘. ‘ttiaiorv mnhlololl fmilbd at the crizens’ mceclng call-ed to consider i the rscquaec. a Resin! mat. this counsll con- eur in their for such legis- lation as ab“ that an w; m; vaklatlon of $6000 be on the rink property of the c arlottebovvm Formn for the year __ 1933, and all subsequent years whlle such property ls 2931110117 and in full session used as an arti- ficil-l ice rink and whlle owner- ship thereof remains in not less than six representative citizens 0! Cllarlcttefowzl and that all arrears of civic Lsxatiml thereon shall be (hr-charged by payment of $400 if paid on ol-beforeDecsmber 31,1035. A bill in accordance with the petition was introduced and reed s first time. THIRD READING! The following bu“ Wm m“ 5,, We heard some complaints and we thzxd time and passed: M, AC, ta amend an Act respect- ' times. There is only one reason why lng the registration of documents h‘: fflndflllms 001119109X"? and that IHOH. My. McPhee. l m, A“ u, Brngnd the 131M,” Mg. easy fol- qualified persons to obtain 1910. lllon. Mr. MacPlme.) -An Act to amend an Act to 1n~ them nothinfl. 50 there is I10 dic- Town 0f Bordenflibilltlfl" corporate the lHon .Ml‘. Arscnault.» All Act m lllllcild the Fur Farm- 9d that U10 Y0" 0f $50 Hilde-i" the m; and rm Dealers‘ Act. lllon. M1‘. Act was too hish- The latter insist- 8111111).) All Act to amend School Afrt, 1920 wPl-emler Maclvfilw Ill.) LIGIHWING RODS IILL On motion of Hon. Mr. MacPheot the House went lnw committee with, M1". Stewart in the chair on second reading of an Act to n8- lllate the sale and installation of lightning rods. - See. 2 of the bill provides that mperson or corporation shall sell or oflcr for sale material or sppsrqs stus intended to be used for the from dlmsge b! ~ lllhmmi llltllflfufl u. do IO by s lfrcnse cb- egulpmenfilt 1| for taluuJxom the Provincial Electri-‘tlut hall." I brow»: rider the revisions $5“ Act or :1 the Res btions. thg fun .4 Ila-Mo hecfilomwre and tbar. m. M‘ w m .il°‘.?.ol the Dennis; is psi-twin. w; inltistent e wouldnotbefssu <01 (Xx-he materiel or sppmtus llghtbfltlt. and shell. deposit » ~ BAGIQFQIQITEEN . " guard have you? Under the Elec- Dcqth 9f‘ Mr. Russell McLure "ibfidesth ooeunod st his home 1n North Rustlco yesterdly 18mm- lng of Mr. Russell McLure. aged (l? genre. 1m lute Hr. Mel-we was asonoftlaelsk MnspdMl-s. John blown. NI mother hsvfnz passed any in 1B2 Ind hls 15th- er s. number of years before. Re was a. well known" fax-um- snd was held in til; hfthest chem in the oom- llfll - ' r. y." “Mo... www.m- VlV 0X10 l‘, . . - ter s Mame, 1L bud mm s . lcharlottewwn. Ind Mn. Oolln Io- =Lure of Buckley 20110.50 wu a iilrst cousin of MI‘. B. W. Lfiage, 'M.P.P., of this clty. Thefuncrslwillbeheldmiin- dsy at 2.30 p. m. to the Osvendlsh c0 a y. ACID OAPI BIIION IISDUT DB8 - RJIXQUI. N. 8-. Match Z2. PJ-ltophen Graham, among the oldntresidexitsogcape Bretomdied hb home hem R £01k, GIL-Demand for farm ha! mom shup incl-ease and be fled with him. providing that h: the event at demise‘: by light- ning to property, rodded by sold repaired; provided hawwor. that claim is made with- in thirty days of sustaining such . ‘THE__\CllA1l/LO'l"l‘I’l‘OFN cpsaobibz Downward » 48 Customs of $69,300,000 000 the total increase In deb receipts, with those for the $34,200,000 over the previous Total ordinary revenues statutes, Total amuse. and the Provincial Electri- cal mspecwr ls sstlsfled that the applcsm. after complying with the. necessary requirements, is safe and. reliable as to assets and business stand-DIE md Ls entitled to public confidence. The promoter explained that theme is now no statute whereby’ those‘ installing lightning rods can ‘m wntfolled and if. has laeen rep- resented tothe government that s‘ check 1s necessary on faulty instal- lations which are not only useless against lightning. but sometimes are positively dangerous. The electrical inspector under the Electrical Inspection Act and the‘ Insurance Companies hlve recom-| §I1€f1d8d the legislation very strong- y. Mr. Dennis asked if there was any reduction 1n lnslmmm owing to proper installation. Hon. Mr. MacPhee said the in- stallatfon o: lightning nods seemed tn have been satisfactory as there was no evldence of buildings having been struck. Mr. Lea, strongly disagreed. He cited instances of faulty installs.- tion which were positively danger- ous and stressed the need of some legislation to remedy the situation. Na Inn Ixpefue Premier MMMlllsn explained that the inspection would not be an add- ed expense to the man who was having the work done, but l." would be a. great safeguard against fine. Mr. Dumis complained that the present Electfical Inspection Act had caused a great (12-11 of harderzip. At Oleary he said, equipment ‘ad been arded by the inspec- tor unllece. a ll : y. Premier M cMllldnz "Who made .he (‘lEClalLTl as to whether Hlat garage was properly installed. or unloved?" lVLr, Dennis: “The electrical peo- ple ,wl10 got some money for dung iv. again." Premier MacMillan: “If everyone, who does installatlon on his own, account l; allowed t0 be the‘ judge and say whether the equip- ment is right or not, what safe- tricsl Inspection Act you have sp- l gm public hardship. l Premier Mucwilsn: "If the in- plotectlcn of buildings or "strife-q to dig out eioh one to see whether lure; mm dumb by ugbtufnclt u properly mubdou. 1 think or 1mm upon any building or this is much more logicsL It places structure any avnsruus intended the , 100? purporting to be used lol- 1m ab» the ‘Qqlllpflwnt. is womly m- protection. of bulldmgs or structurefistslled. fliers is no obllgltlun or ' ‘lmtllexpenle on the a fai Electrical lnsluwctor hadln o intended to be used for the pmteo- m-tosemba: m. fmtslllflms as tlonwor buildings or structure and properly made, and (I) to ensure pom tmgqpntcnts from damn: by thnt m. owner f: mom with the. cue of faulty installation. him Kullmplo of the mum: or. lppltitlll llliiindrd to be ‘HIM 1°!‘ the’ loll of buildings! or M0110- as. . llghtnfngn Monday; _, man by m m’ (b)? “l3 IWII pointed a man, and he is in charge. interogated the Inspector several ls faulty installation. It is quite a. permit under this Act; it costs Messrs Lca and Delulis maintain- ed ll would work a considerable Premier Maclvllllan: "On whet people would the ‘hardship’ and expense fall?" . Mr. Ina: “He means the small agent, I think." Hon. Mr. MacPhee: "He is usually the agent of an outside firm." Mr. Dennis: "Why not mzlnit any ‘person to install the equipment, then the L spector could be called jntfc me whether it was safe or m 7.. to so over m instal- pector has latlon. that means that be has got on the Mnivlfly to see mm purchbalng the " bl: protection. Further ‘inclusion followed. psr- tioi fled in by Messrs Dennis, Lei. g the IEQTNWPEH. Mi‘. Ihcrhee streued two pur- poses wblch the Act hm In mind: in After‘ further discussion; magmas reported. Tlmlfvuse- v m but "1m~ adjourned. unltli 0 pm. a It was his good fortune, Mr. Rhodes ssld, to review the course of business uld nuance during a yeu- “which has been marked by continued and lubstantlsl progress. and a. nearer approach to sound and satisfactory business and fin- ancial Oondltlons." Dominion Bureau of Statistics reports showed the physical volume of business in Canada. to have risen in lvebruaxy to this year 48-5 per oebtcbove the low point of the de- pression. Progress in 1934 was more general than in 1088. the Minister said. According to League o! Na- tions figures Osnbda occupied first place ln degree in Iensral indus- trill productlon among the 15 lead’- ing countries of the world in the period January, 1933, to the end of team. Index figures of manufacturing production were 0.2 per cent. higher ln-Isnuu-y 1904 than in the same month 1n 1933, and 5.4 per cent. above the low point of the depres- sion. Construction contracts in 1934 increased 20 per cent, over 1933. Value of mineral production ex- ceeded any other year ill history except 1020 and 1030. Forestry industries were more act-lye than any year since 1030. Output of electrical ‘power was the highest cvcr recorded 1n Canada. Csrlosdiflis showed an appreci- able incl-ease over the previous your and railway esmlngs were up. Can- adian Natlonal gross operating revenues increased 1 per cent 1nd Canadian Pacific 0.2 per cent, as compared with 1933. Wheat p: ductlon was only slightly more than 1933 but the sv- ersge cash price of No. 1 Northern at Winnipeg wasilf cents pea- bushe e1 from August to December as compared with 60.1 cents 1n the same period of 1933. and the value of the crop was estimated 83 per cant greater. Estimated total value of all held. crops was $544,076,000 in 1934. an increase of $0,377,000 over 1933. A bright feature of the livestock in- dustry was the recent revival of exports of live cattle to the United States. Shipments during the three months ended with March 15 were approxlnmtely double the total for the entire year 1084. The revival was ascribed to the high prices prevailing 1n United States markets and scarcity of cattle in that coun- try due to drought and feed short- 580. . With respect. to policies respect- ing international trade the Minis- ter said it was "idle to expound theories and futile to expatiafe on the obvious desirability of greater freedom of trade. We are confront- ed with reslltles-we must face facts." Recalling the state of trade when the government wok office, and found tariffs "higher agllnst the products of Canada. in the markets fo the world than at my previous time in our history." Mr. Rhodes outllned the steps leading to the negotiation of Empire agreements 1n 100$. and the more recent treaty with Frsnco which, he said. for the flnt time places our trade roll- tlons with that country on an en- tirely utlsfacwry basis. Negotia- tions of s treaty with Pollnd was practically concluded and within the past few weeks on opportunity had presented itself for s treaty with United States. Most fsvored nation trade arrangements hsd been completed with , Austria. and Brazil, and negctls- tions had been mined into for UBUQDMI with 1.10 Ilh-filfltd European tries. ’ com Ufiblmmtln 18841181 filled 10. per cent. averthowsvioluncr Announced In Parliament in a position to review s year of increasing revenues. ox- psnsion in trade. improved commodity price levels. and rising employment figures. The small surplus on ordinary account was compared with a. deficit last year of $22,000,000 and $43,000,000 the year before. The deficit on all operations was _ compared with $70,900,000 lut year. Adding the Canadian National Railway deficit of 848.400.- fl-l compared with $188,500,000 last year. For the first time since 1930 the taxation receipts yielded the estimated return. the estimate given in the budget last year having been $306,000,000 and the actual necessarily estimated. will be $306,050,000, an increase of and total ordinary expenditures $856,300,000, which was 9.310.000 less than the amounts authorized by votes and trade for the months ended with February 28, 1985 was valued at 81.082.347.000, an increase of $168,777,000 over the previous year. For the fourth con- secutive years there was a surplus of exports over imports. the balance during the 11 months belnz 313411001100. ycuRklgyT A cco UNT BUDGET Inglis/loom. Past Fiscal Your Revision In _ Excerpts From Tarzfi Items 3,4,“ Sp¢¢¢h OTTAWA. Hitch I.—(O-P.) Bl- nwuuxe of cools! Justice. To this problem and its solution the gov- ernment has devoted itself." "ft appeared thet the time was fut approaching where Droctlcslly s11 public b0dfe| could secure the sdvantbgbo of refund outstsnd- an: issues at lawn‘; in srestdrstttcs u l unwary 0081118 ~ 0 msrhct sud certs-in unfortunate. widely heralded statements have clouded the outlook for the time being. It behooves all debtors to re- member thst credit is s. tender plant and muetbe carefully culti- voted.‘ "It (Bonk of Canada) mly not be able to work the mlrsclu whldf are expected from it in certain quarter: but I am confident that 1n the coming years its contribution to the economic welfsre of this Do- minion vrfll be m important one." "Recent events indicate upon how slender s thread bangs the integ- rlty of certain currencies and lug- gest the possibility of a. period of lenowed fluctuations with conse- quent disturbances to trade and ' finance." "Upon reflection one can rcsdlh ‘ discern whet could have been the dire enacts upon our trade without thew 1933 Imperial Conference agreements during s perlod when other oouutrlel were progressively 01001;‘ their nus-bets w lmpflrtnd "As the burden ol interest charges still constitutes a pressing problem for molt plinllc bodiu lfld msuy private lndlvldusls it is grstlfylng to record the rather sue- cels whlcfi has attended the com- prehensive program. sponsored by the government to bring dorm interest rates." f. for the year wu $117,700,000 last month of the flscal year year. were estimated at $359,300,000 Railroad Progress And Debt (0.1! By Gllrlllln‘! Special WIN) UITAWA. Match ZZ-Thfl deficit of the Canadian National Railways 1n 1934 wls $10,500.00!) less than in 1038. ft wls shown in budget speech delimited todsy by Hon. l. N. Rhodes. The Dominiontreuury had to put up $18,400,000 for 1934. $50,- 900,000 for 1033. "Increased esrnlngs on the one band." Mr. Rhodes uld. "and de- crease in charges for exchange 1n- volved in pflyment of interest abroad were the main factors in this improvement. l “Gross earnings were greater by‘ Negotiated $16,400,000, or 1 percent 1nd while Trade Agreements BIETSTANIIING FEATURES 0F ‘TARIFFBHANEES OPIAWA. iilfl IP-(Q- 7- IOIOWIN l" tries and w their mandated tsrrl- tories, drastic reduction in liquor duties and s slashmg of we British pleforentisl rate on woollen yorns were outstanding feat-luvs of the tariff changes announced todoy t0 the House of Commons by finance ulntster Edgar N. Rhodes. in his budget speech. At the same time uveul nay elements la Oansdlsn political history made their sp- pesrsnce. In the first plus. the budget r0- bolutioxls m forth that the out in liquor fmposte must be pusld on to the consumer. 1f plovlnclsl liquor control bowls do not con- form to thh, the Government tubs the power to n-impooc the prev- lous duties. Amend. 00min. mo! “W. W erder-ln-coiuwll, declare British umpire countries snd mandated territories "most flWNd M‘ - This WWW Wiley would have the effect of completely ellmlrmt- lng the bppllbbtlon of the scnersl tu-ilf to all llworte from will!‘ sting avenues. than pRVIOUI year's bringing totflf t0 870500.000. Total bllftiel 0.000.341.0110 and 31041070000. sn insane of $100,711.01». surplus comps-Nd with 1908. estimated 15.1 ‘per cont. “m: 259,018 fmzflies on relief in rbbrusry 1m. a demise of 28,756 fagllles as comps-red with Ibbruaryl \- Geuersl mousse in commodity countries, provided such imports n , scour! values. Ploductfon “o,"md,°§¥,“wmmw w.“ m“ rgezonottllfit-ltbyh mums». 1nd low- cringofintenctntcl. Dominion Debt Increase (0.1! by Gandhi's Spools! Win) OITAWA. March II-‘rhe debt o! the Dominion increased $117,700,000 durf the present fins-l yflr- Mmu r of mum I. N. nbodns said in bu budget npmh wdsy- The debt included s. Canadian NL- tlonal Railways deficit of 848.400.- coo. The corresponding figure M‘ m; pyevlou! year wns 11311100000. Jndlcl-tfflg an ever-all improvement of $1B,000.0M- ‘ The net debt lnctessed flom smell s1. mo, to numb :1. 1006. by 300.000.4100. nu mousse fol- Thlrd. for the first time in tariff blbmry the drawback principle ll 5991M under the British prefer- cnce. 00y one ltolu 1s affected- N . 1080. This sets forth that cot- ton velveteen and cotton-back silk- ,...»»~ m» ls-"ls: at of t W "1 gm "b.1166! t)“ British preferential ta-rlff" 1W u" by msnuheturerl in xmhlni oer- tsin types of boxes or cases. Ox extreme importance also to Osnsdisn consumers is the modi- fication of the drlllbwi 0h W‘ pomd bituminous ccsl. when con- vetted lntb coke and the coke wld as fuel to the sew-ll Pub!"- l!" drawback is 50 percent. When. however. that 901w fl zvperstfng expenses were somewhat (OJ. B1 Guardian's special Wine) larger than the estimsted flgure|| OTTAWA, Mitch 22 - ‘Prado Presented in‘ the railway budget l Jiwflnents with s number of for- outcome on the whcl; was sllghtlyWlin countries were being negotb‘ betw- than anticipated st the be-‘stod. Minister of Finance .12. N. binning of the year. Rhodes told parliament today dur- "while this reduction in the defi- mg his budget srncch. He referred cit afford; a. very welcome relief to those with Poland and the Unit- to the. treasury end tax-payer. the ed states. They would be actively ‘dnficlency which still re ‘ is of Persecuted. such proportions as to constitute a. "It may also be added." he said, most serious drain on our resour- “that negotiations are now in p10- es._ b lgress with the representatives in “Actually. the books of the com- Cimsds of two other important pany show s. loss in 1034 of 080,- countries, looking toward an agree- 6001100- This figure cw be recoln- ment which will mean widel- mar- ciled with the amount of our pay- kets for some of our chief primary ment by deducting $5,000,000 for Products.” accrued but unpaid interest on gov-l After referring to the recent pact ernment advanczs and 55.200000 for with France. the Minister added: varlous charges not involving cashl "Negotlstionl have been practi- out-lay 0n the part of the railway. oally completed with Poland. for l “In addltfon to pwVtlfOfl for the treaty which will encble Canadian deficit the Dominion furnished by trade to be carried on satisfactorily way of loan $579,000 for capital ex- with that gmwinzly important pendltures and $10,170,000 for re- country from which. in the absence tlrement of miscellaneous nlatur- of a. treaty, our products have been mg debt. making s total paid on hithhrto nlmolt entirely excluded. s11 accounts in respect of the op-‘ "During recent months an 01> erstlons in the you 1084 of 060,- portunity hll presented itself for, 100,000. '1'he budqet of the railways, the first time since this govern- 88 Presented to Parliament, pro- ment assumed office to enter mm vlded for a. total amount of 935,- negotiations with b view to cf- 200900. It will be seen, therefore. fleeting a. trade agreement with the that the not requirements for the United States. year were 00.000000 less then estl- "These negotiations will be sc- msted. accounted for msirlly by tfvely prosecuted by the govern- slwings in capital expuldfturen." mant- of decade. and every possible The Minister referred to the 113- step is being. and will be taken with cent refunding of railway issues at the object m mind of effecting a lower Interest rates pNVMlng con- . sstlsfscwry agreement taking for sldersble savings for the system. its elm the lowering of trade bar- "Tlle debt of the Qgnpdlgn Nb. rfers with consequent increased flow tionsl Railway system. outstanding of trade resulting in mutual ed- ln the hands of the public is now Vii-WWW’ $1,23B,000,000, having been reduced by 815,000,000 in the past year. Of Council Discussed; the amount outstanding, $955,000,000 are obligations guaranteed Evy ms (OJ. byGna-rdbn’: Special Wire) OTPAWA. Much 01-40mm for Dominion. "A further improvement in rall- Wly earnings is anticipated in the year 1936 and the estimates of the company are based upon l. further “Mm” °f “"°°'°°° m m‘ ‘M!’ lo bodies. movfness and muni- cipalities, tncludcd, have been stud- lcd by the Fledersl Government sad will continue to receive attention. Hon. If. N. Rhodes. Minister of |Flnlll0d, and in hls budget speech m. brlnxlng the loss to in the House of Oolnmons today. He In addition, the oompan will re- qlilm 3.500.000 for capitol expen- ditures and 800.700.0110 for retire. ment of clpltsl obligations. includ- "18 linking fund; and equipment, lows. cmmml ystlcbsl R411- w I - - - f - - - - Unezplcymsnt relief on wheat bonus calmer; sc- Capltsl . Loans and advances. re-enaployad by flhg eonvsslon plant for it! own PWDQIM. the drawback once more becomes 00 per cent. The Government it 1s sold, dis- covered that eel-rain coklfw nlwf-I were last yea-r tuminS the QTEW‘ beck item to their own advsutfllfi lnd that. inlteed of mum thv 033.970.1110 Deficits on count ' 185.350.1100 61.380000 coke u fuel to Oolnpetn wltb sn- mn-gctlvc 403110.003 thraclle coal, they were tlfrnmfl’ 1* other some! expendlt- beck into their own plants. ‘PM ures has receipts 14,500,000 nswplovisions no designedtostov ‘Ibtsl l 8669900000 this practice. ‘ Deficit; on ordinsi‘? sewn!" W" due w falling off ln taxation rev- Lfqnor Dulles enues. Capital expenditures ‘w’! 00 public works 0! Whllih 313313001X” Wém lnvurred m m0 a1 alone- Losns and sdvmces were chiefly W harbor oomnlllsslons a: zterzlxhé . Owing to ower n 5 interest burden wls not loci-eased proportionately. It mczemd $14.- 8001100 lb ve ml‘!- Depettfmntsl omcisls unkind thlt lncveued 0111101107 W. 00W!‘ the present billldlnl program W" included 1n the X18! debt 178081188 B" 31110168 war; hsnded to tléifi B611! cued; can: my su I issue. "rhea securities beir lnhrcfl It new vu- mlt, but it u the interest will be nturned w the Dominion in bsnk profits. Unmstund funded debt and Llquor duties are cut under t?“ “m” .‘”§.‘°".“.°.‘l' fitiffi‘ import o s on - dug“! m u, thus gfvinl the United Kingdom and British West Indie! distlllers l mu 1w p" w"- I4- vsntege over their fozellfl 00m’ petitcxe. Under the lhtermldilk end general rates the duty 40 spirituous liquors is $10 a gallon- ‘Ib ensure thst this Ls passed on w the consumer. the Government unload! the f-Irlf! t0. IPYI "In the ovum. of spy duty 1m- poled under this let upon wit» uous or Mechelle liquors hlvlfll been reduced, l! it ls nude tn ID- pm to u» zwcrflw-h-Mvw" c! ttcclury bills at next March 81 thst may wwtnm the Mug". m‘ ‘amxpéfuL m ‘nmm 8110b 8006s t0 The “WW3” . not been reduced w. or In not 111' 111g msintslned at, levels w: wiefftivzf ti. such reducttzn, the fiflfllfld- 0! t!" 9°"! 01nd“ “M ‘ovgmw-ln-qmmbu any order that 74.09 per cont was poysbie 1n can; mbbmflwuombbbnbsbolouw W- i-"Wmtmwflfl m “m” “MAM M‘ n“ M N" ‘Moog? 1h w duty therefore "gable on such 7°"- F“ ' xv?“ "““ b’ "‘ “m” "M bell-fag the-guanine‘? t? ldJlom; ‘ _ .1 ion tstsn in a an o brats f» .0»- - . zoo-moo. mom-u 01 tcmfmw In British country or to any um m. "m? ML and“ mi gnu-gm; were $137,074,231. ‘The net funded debt wls 6.007307.“ whflb deposits in sinking funds wen sub- 841210015713“? illl-lllcll0 mgblfltsottbs nndeouuoufcrs- 11110001111 eb- mu. $60,400,000, I decrease a no.- H°“" °' °°"“‘°'“- 500.000. duo to mauled If"! "P!" ‘Ibxstion revenues 0806050900. merits. Loans to four Western pro- vinces under relief act 833.000.4700 unmstured funded debt $3,001,940.60! with slums! interest charge of $127,074,301. Total its’; use Total buds for 11 months exuded Feb. l, 1086. valued st 81.000.967.000 of export‘ over inverts 018.000.1100. I in 1084 as »BHANGES IN excerpts ma’ th “"0"” m“ M " ibewmw“? .2.°°“°"“° ..........c"..'l art..." wry s” '" "y W . I (B G d1 's lalWir) thehudaetbyfln umHu-I- "'“"'”' . lnuwlludwlwrvwwvsw ’ m" "" '°° l ° u. ma- lb ....‘?.°..... c.»- Budget Reveals Wide only mmvgmfgmgg Rhodes AIIIIORnQQQ OTEIAWA. More: t22.-A0% ordinary r°‘;":: “w. bsvsheon Inlendid Concesdun! To Bfl‘ 17st veer. I ' I chgFge Ill M€th0ll over or nary xpen i urea o was own n g _ d mm ' budget deliver-red in the House o? Commons today by bhmfif-mfifllfi m. tub Empire Coun 111m cffulfivw (m? of axatwl‘ Finance Mhlstor l1. N. Rhodes, but extraordinary m1 vacuums-u rnvwylfthvylu- $140!. owns nflv-y'4~fl°">”';og,"' UITAWA. mm» all-ow. capital expenditures turned the fsvorsble bsluce into a “vi. u“ u“ m" mumnm Wzrgdmylmflaflfi ‘ma’ income w: revenues by not l... net delcit of $09,300,000. It was the Int surplus on ordln- "gum u pdjustlxlg our economic b G , a m) “ant”, u, w,“ 1.; m, 2'“ ‘lain -°°° "M11110. m. 311 account since 1929-30. system m 81181710 1t w flulction wlth wélfma‘ wuuwm'u_'°w°u,d,wwn_ 000,000. mu e 41mm 000,014.- “, M, '.,,,;,’;'°v°nrg“uxfgs 1mm Delivering his fourth budget address Mr. Rhodes was IWIW If-Iblllty and with s Imm- new“ m-Bm, mm,‘ w“. 00%. an m of llm-W- the budget brought dovmunicfladthh: A new lmpoitr-s. sunbx ,- hom two f0 l0 percent on 13mg meat income and on income; o; all persons other than joint stock companies over $14.000—1s be“; put. into effect specific exempts," o! 85.000 Is provided on investment income which covers interest, gm. “M5- "ml. Nylltlcs and like n. turns. The tax will not aply w Vices and salaries up to $14,000’ If personal exemptions on meow 0f marital gtstug m4 gqpendenm 6800M 86.000, (h! Ifedkf “noun; will be allowed. T"! 011 "19 Pfflmlwn value of 801d will be discontinued after nexi May 81; but depletion snow-new 0n mtuml for mines are reduced substantially. Rate of depletion s1- lowanoe granted to precious 1mm mlnol ll" to be ‘damned from so to_ 83 1-8 Der cent. Dividends l‘. wlvod by sflsreholders are to l” taken by an allowance of 2o p". cent in place of 50 percent, Th: The corporation income tax g raised from 1: 1-2 to 18 1-: N. cent. A 00x from two to l0 pement l0 b! levied on gifts. The inmost '1" W5 I991! YD lifts between husband and wife. nor to ‘m. u, mum's now provided for undu- m; wt. Qxslnptlon ls mode 0n gifts if f ntifl ' mlliliduruyou.’ d%aljl'pfiflggtion. i6 B c 01' p and f0 the 1301111111011. the provinces. w political sub-dtvlllons for public Purposes. Cliffs in the nggregbtg not. exceeding $1,000 s year are m bc free from tax. More drastic provisions are mm with regard to consolidated income returns and when. oonsolldntlon of returns is allowed rate of tax 1s u be 1s percent u with the present 18 1-3 percent. An import of five percent u im- posed at the source on all royaltm P375518 by Olllldlln debtors in flelpoct 01' bdfl, music and articles in magazines to non-residents of Quads. The 12 1-2 pa: cent de- duotlcu in remot- of these lscbol- 18,500,030 ished. Amounts unloved from incnmo bomb or debentures are to be I-resfed as" dividends. There will not be n deduction before deter- mining taxable income of a cor- poration paying any anlount in m- spect to such bonds or debentuns Btlffenlng deduction provisions, 811ml, charged by companies out- side of Omsds Yo Canadian com- lllhies for management fees and the llh are not to be ulowodas deductions 1f the non-mules: 0on- trols the Canadian ompsny. TIlXPlyvrs claiming reciprocal relief fur taxes paid in outside countries m not snowed, u llllnst profit: table m cbnm, losses unnamed fl! such countries. All Income m Act chlmaes m _f0 come into force on the return for 1084. with two exceptions. fluelnwfthiiweottc‘,'uon sllownnees of those gold mines which have been paying gold tax Ind to the tax 0n lifts. in which cases the change 1s effective as Mm e 1086 taxation period. Bill 0f lifts: Rates o! surtsx on investment income u-e ss follows: hwluding in income excsedlnz $5.000 but mt 010.000. two per cent; included in my in- come cxceedlng $10,000 but not ex- coedlng 014.000, thme per cent; 0n income exceeding $11000 but no oxceedlng INDOO. three P91’ wit: exceeding $20,000 but not ex- ceedInB 330.000. four per cent: rX- 0066103 850.000 but 110t- exceedlnB $75,000. six per cent; excecdinl; $75,000 but not exceeding 8100.000. seven per cunt: excoedng 0100.000 m fvwfiiiufifidlbfibbf‘? ' "with "mwm "° mmm“ any British country" is t!“ ‘:12! ‘m’ fmmzwdgfi’ “SI L A 1*‘ A the yen: and substantial reductions ofnrftbhmwlnmdo. ooculndmtm uww lug under gulnn a ven pre- Weu pasta-Mod u?“ y“; mam amide» British mo» which “fir, £17m“ ‘EL, “:3, "w, m" "my “w “"°'°“" °' m‘ 0f the Blllhlcrfulfll: mo? primal teminstid during the year without but notrexceding $100,000. elsht PM‘ cent; exceeding 3150.000. but 110$ Qtoeding $200,000. nine P" cent; excedlng $500,000, 10 per cent- On gifts. rstcs are: Up to and including 005.000. twc $50,000 but not exceedlnz $100,000, four per cent; exceeding “(M000 but not exceeding 0300.000. $300,000 prfnl ll . “l: crfla lb ; “and,” ooo £33.. gwllgltlntb”: $03; “'°“"'° “mum” °' WNW“ if!“ Mar-mammal; lub- w" ‘f’ ‘h’ '°""“"”“" ’ fr? g m‘ uoosto. w: w s national loan council on the “The lfic Rallwqv 5179M? MRI!“ 00- Th! Will ‘vmguqj “Q1 m4 u" “mung. jedt f9 SN IGVIII m“ u“! 095' y.“ 1 w n” “ha. of Olflti 0100911!‘ $300,000 but m‘ m9" "will!!! ll 875.000.0003’ " 5'11: ' formed in the ll *9 mm’ Nam‘ m ‘mun; o! OM00». liven DI’ cont. "mm time to tlml," he ma. wrhwm‘“”-m ‘o w u» ‘bumble bbmppommzls. m WIWMWW W“ “getnfffifj Harbo L (n; u, ‘(mwpbalfrflm ,..'°°.§I they were sufemstlsdlr switched “M. otmummsvuzmoé: oeodlng $600900 but not excbedlln! I‘ 08118 mam; m, Olltltlndlng 4m 0f a1 w m mm M“. ‘we M u- ," Mm, g, ma, a N. y SIMOAIW. _ m cent. arc-elm public bodles. These have m re- mob. wimwl altbfl" m‘ '_ ’ mofbmkndvmm 1.0mm. , F)“ wt- ceivoddetailodshldyflldwflloon-udehsdtrwde fin‘ gmmmimogmflbs ‘Nwlflllll m‘ (O. Y. ‘Y Garden's If‘ Wire) unlgatffi: a: dun" ‘Ifumhd, m “an!” wficaa x {flick fl-Afl up“ qgugfl-gg Q0101 nflljfld f. I- byotgAlvivotlfngaumflovsz-pmsviat to fibfitbwb‘. Osnlden m a m-tflmm‘ 0' m“: n. mm‘ i=1 of :t:or_ uounigfer "ha: ‘l: wcsyfbum ’ m ab»: Rtnfibfbmm m’ ‘$0.220: Wand-ts M’ ,..,'fi"gmfbr m“ 8% ulbbmb'€*1':'munr'u'v:'td$'§¢ ndvancawdefcend mama: tbswuend wsrnmsndtuenuilamsunmwuliqcf ‘Mm 11mm“ mhmlndwhedthuquutionofds- ulvsnces lb inc-u follow: 1m t ammo mum m: ll-ulab country 1| w“, ff a Mbuflnt we buxom incidents! w ‘malts intimated outartbenettbstulsmsgro- an the sumo footing ls I-mtv- ubaugbsnllbgbsumgunlvpn, WWW!!! manna new security » spbrtmofburowmiombulbywunummnpmtoulav, 0mm,“ qgwububgmuona." wmthh mum "'M%“:i%9 lfis“m‘wm'“““‘“"m"r-‘“m“ “mp2” ' mwfbiuxtmbs»: amen-fill. ammo um roams so?! 03117101‘!!! in W 1M l" I!“ PM“ "ma... ~ I - "mm" mm, fa m. brflcednlul mum mm w “n! - mduenlwdfiug M'"‘§,',‘,,,',"""""w'¢§ju " t 6.0011" mwwut- “H” . (,4. P.IINGIQIQIQI:"PUH Ihl sue-awn smog-nay‘? m. l h‘ “rm, hone , @110 , Hue fi-llllfl cpl e worldbngply, not Wal- - .-~-................ 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