There Is no hope held out by the Minister of Finance for a reduction taxation, although the Budget not been brought down, He Is of extraordinary expenditure, and the rising costs of the country's fixed charges, He feels that the Domin-fon's chances of raising money. in the United States or British financial renttes have been damaged by the default of the Aberhart Government in Alberta, even though the amount concerned was not very large, Fur ther ther rave doubts being expressed as to whether the Govern: ment of Saskatchewan will lieable meet its $2,000,000. maturity falling due on May '1, or the Government of British Colimbla Its $9,500,000 maturity of May 18. The. western provinces have expressed 'a deter Imination. to preserve their fiscal fsutonomy, rather than accept the ald of the "Dominion Government meeting their obligations along with 8 measure of financial supervision.
Alto under the Finance will be plan te change the ni somewhat radically, of the planks In Premier King's platform, and he evidently Intends to carry out his proposed change. At present owner ship of the Bani is vested in 11,000 private Individuals who own the {$5,000,000 of capital. stock, although the Government exercises control over the operations of the institu. Hon, By means of an issue of something more than {his amount of stock, say $0,000,000, the Government might gain complete voting power and practical control. There has, been no very clear state-to why the Bank is not proving satisfactory under the original plan, Gold Mine Tragedy Tie whole of Canada has been stirred by the tragic plight of three Toronto men who were trapped on Easter Sunday night by a cave-in ina Nova Scotia gold mine which they were inspecting. Since then every resource has been used to effect their rescue, so far without success, As your correspondent writing the news comes in that communication has been established with the trapped men, and that one of them has died of Messrs, Robertson and Magill purchased the property in Moose River, Nova Scotia three months ago with the Idea of re-developing an old gold mine which they believed had Poselbilities duo to the rise in the price of gold, Shortly before Easter they decided to inspect the property, 80 8s to plan further operations. Mr, Scadding, the "bird man who was trapped, went along as a consultant.
Little' is known as. yet regarding of the *cave-in, unless supports, For the frst few days efforts were concentrated on trying to reach the men by digging a vertical shaft directly to them. Further cave-ins during the progress of the work, hampered the would-be rescuers, On Wednesday, three days after the men had been trapped, it was decided to use a diamond drill and drive at least a pipe-line hole to the shaft where they. were. Meanwhile exsrt miners from Northern Ontario Were brought to. direct the main rescue work of digging safely to the entombed men.
Finally, Tate on Saturday night the diamond drilling was completed, and the voices of the entombed men heard, A pipe-line was lowered, and food and necessary supplies. were gradually let down the 100- foot distance that separates the men from. their friends and. relatives, Premier Angus Macdonald of Nova Scotia, who had been taking an active part in directing the rescue work, knelt down in the mud after soup had been fed through a rubber tube, and shouted, "Did you get the soup?" "Yes," was the joyous shout from below. Soon after came the word from below that Magill had died of exposure, and later a message that the water was rising in the shaft.
While the eventual fate of the two remaining men Is uncertain, the news that communteation had been established was received with great Joy right across Canada. In Halifax on Sunday extra newspapers were Published for the frst time since the war and distributed free' on the streets, In Toronto prayers of thanksgiving for the partial success granted the efforts of the rescuers said in the churches. Special aeroplanes have been despatched from Ontario to carry various accessories that may be of assistance the work, and may be of help fo the men—The two survivors ally were rescued an April 23.—
Text read from the printed page and cleaned; old type leaves the occasional error.