The Archive · 1935

Extended Taxation

In the Western Provinces there seems. to bea better spirit abroad, Gesplte. the: many reverses that the farmers have suffered. The price of wheat has remained fairy steady, and Ils expected that by the end of the! Dresent crop year the world surplus Will be down {0 comparatively moderate. proportions. The draste reduc. tion in the extlie herds of the United Slates a5 an aftermath of the drought of last summer has resulted in a Fapldly Increasing price for cattle: it now becoming profitable for Can: dian shippers to export, situation Which has mot occurred "for some MAtler months of talking and_plan-in the council chambers of the City of Montreal, Mayor Hondo and fis aldermen appear {0 have prepared 22 ill for. the provincial. Legislature {hat will balance the budget - by ems of a greatly extended schedule of taxation. "The" bill has not yet been put before the Private Bills Committee at Quebec, but there seems fo be mo. good reason for. thinking that ft will be blocked. Vartous bust hess bodies throughout the city have Fegistered their disapproval of the! methods employed to manage the Gnances of the metropolis, and there has been a good deal of talk of a Gommission Government, but itis not probable that the Premier, Me. Tar-

The proposed new taxation it is estimated will raise nearly $8,000,000, which is the amount of the budget deficit at present. The bill is being called an "emergency tax bill," although there are no promises being given as to how long the new taxation will be in fore if it is passed. It includes the following items, showing the estimated yield from each one:

Personal income taxon all Now snow removal tax $1,290,000, $7250.00

Text read from the printed page and cleaned; old type leaves the occasional error.

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