Loan have been announced. It is for $30,000,000, or any sum over which may be subscribed, at 5} per cent., and the issue price is par. This time the Loan will not be free of income tax as the previous loans were. There was some objection to this exemption as some people claimed it favoured the rich at the expense of the poor. There is yo doubt that the loan will be oversubscribed. It is worthy of notice that there are over 1,000,000 holders of $50 bonds in the previous loans.
It is not very generally known that Canada raises a good deal of tobacco, and there has been quite a demand for it from the buyers. In two counties in Ontario the lucky growers sold every bit they had, good and bad, and cleared up some $7,000,000 and in consequence one report sayd that people who never Cache a whee are now ordering six-cylinder touring cars, and buying tailor-made clothes, and eating eggs for breakfast.
Inquiry is still going on as to gambling on race tracks. This is another idea of the people who have introduced prohibition. So far the inquiry has produced much evidence as to the amount of money which the racing clubs handle, but none of particular interest to prove that gambling leads to any increase of crime.
Nothing spectacular has happened with regard to the high cost of
Text read from the printed page and cleaned; old type leaves the occasional error.