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HomeMy WebLinkAboutThe Clinton News Record, 1920-5-27, Page 3SUMMARY OF TAXATION MOTIONS IN DOMINION PARLIAMENT Five Per Cent, Increase on Incomes of $5,000 and Upwards —Motor Car Duty Increased to 15 Per Cent.• --Customs Duty of 71-2 Per Cent. Removed—Wearing Apparel of Specified Price Taxed 10 Per Cent. Taxes on luxuries ranging from 10 to 50 per cent. of purchase price, Tax of one per eent, on sales of manufnetuxers, wholesalers, jobbers and importers, but not on sales ,by retailers; sales of food and coal ex, empted from tax. Excise tax on passenger automo- biles increased from 10 to 15 per cent, ,.Increased excise duties on beer; wine and spirituous liquors. Increase in stamp taxeson bills of excitturge, and promissory notes for more than $100, of Increase in taxation en incomes $5,000. and. upward. Tax of two cents per share on stock transfers. Business profits war tax continued, but al: reduced rates. War customs duties of 7% per cent. ad valorem repealed. Estimated revenue for new taxes, $100,000,000. I±lst.niated loss of revenue from re- peal of taxes, $30,000,000. • Net increaee in revenue expected, $70,000,000. The following is a summary of the taxation proposals: Luxury Taxes—Ten per cent. of the total purchase price' on boots. and. shoes costing over $9 a pair, men's and boys' suits costing over $45 each, men's and women's overcoats costing over 150 each, fur coats and robes over $100 each, women's dresses over Stamp Duties Existing tax on cheques continued, but rate increased on bills of exchange and promissory notes. Two cents for bine of $100 or less, and two cents for each additional $100 or fractional part thereof. Stamp duties en patent medicines, etc., henceforth to be affixed by manu- facturer or importer, instead of re- tailer, as nova Films—A tax of 15 cents for each day used abolished because of the inequality of incidence as between. small and large theatres. All the above taxes are effective from Wednesday, the 19th instant, Income Tax—By last year's legisla- tion income taxes payable this year on 1019 income were very substan- tially raised. A further general ad- dition to these taxes of five per Cent. Is now added, ern incomes of $5,000 and up, to be effective this year. In future, income tax returns must be accompanied by a cheque .for at least 25 per cent. of the whole of the dtnount estimated to be payable. If paid in instalments, interest at six per cent. is to be charged, and payment in full is required within six months after ''return is made by means of three equal bi-monthly instalments. Heavy penalties are_ provided for in- correct returns. Business Profits Tax,—Present-.tax is modified by increasing the exemp- tion allowed from 7 to 10 per cent. and changing the schedule of taxation to the following: On profits in excess of 10 per cent. on capital, but not exceeding 15 per cent., tax will be 20 per cent. On profits in excess of 15 per cent. on capital, but not exceeding 20 per cent., tax will be 30 per cent. " On profits in excess of 20 per cent. on capital, but not exceeding 30 per cent., tax will be 50 per cent. On profits in excess of 30 percent. on capital tax will be 615 per cent. Fier small businesses with capital of not less than $25,000 and under $50,000, 20 per cent: on all profits ex- ceeding 10 per cent.' will be taken, instead of 25 per cent.. as at present. Under legislation of last session, the maximum scale of bus:ness tax is in effect this year, and the modified tax will apply to 1920 profits, taxable in 1921. -- Tariff Changes.—The 71/' per cent. War Customs duty is taken off all re- maining items. •Last year the 5 per cent. British preferential war tax was entirely removed, as well as the 73, on food, clothing, agricultural imple- $45, w'cnten's seits over $60, and on »lents, etc. The War Customs duties , hats, hose, nsekwear, shirts, purses, imposed in 1915 are now entirely re- ener gloves costing above certain speci- moved. fled figures, as well as on some other `--- wearing apparel, all fans, opera c:oaks, First New Cents COined, ivory -handled cutlery, cut glass ware, velvet and silk fabrics, lace, ribbons,' Larger Than 10 -cent Piece silk embroideries and sporting goods., A despatch from Ottawa says:— Also on trunks over $40 each and valises, suitcases, etc., over, $25 each.' Canadian cents of the new size were This tax to be paid by the purchase struck at the Mint for the first time to the vendor at time of sale. ' on Tuesday. The first two coins mint - Ten per cent, on pleasure boats, ed were presented by the Master of yachts, canoes and. motor -boats the Mint to Sir Thomas White, who, cameras, candy and confectionery,' as Minister of Finance, brought in chewing gum, firearms, shells or the necessary legislation last year. cartridges, pianos, organs, musical The new cent is slightly larger than instruments, and plated ware adapted the Canadian ten -cent piece. for household use, This tax payable at the time of sale by Canadian,manu- i DeV08n�llire House, London,facturer or when :inported. Twenty per cent. of total purchase' Sells for Million Guineas price on such art:gles as cigar and ; SIR HLiuRY DRAY"TON Minister of Finance, who has just is- sued his first Budget. FALCONS OF WINNIPEG, WORLD''S F10CKEY Ch1 MRIONS sfuI ue • of the world's premier hocks hon ors, Ileo Falcone Fresh from thou sauces quest h p i Y 'dian Olympia representatives, arrived at Toronto the other day, and were greeted by huge members of Toronto Sportsmen's Fraternity, Tile photo' shows the Falcone lined lip on City welcoming speech from :Mayor Chiu•c h and Council. , of Winnipeg, Cana' crowds and leading Dail steps to receive PRICES FALL. IN UNITED STATES Everything Except Food De- clines From 25 to 75 Per Cent. • A despatch from New -roils says:— Advertisements in newspapers here gave convincing proof of the compre- hensiveness of price deflations in re- tail lines except food, Cuts ranged from 20 to '75 per cent, with the larg- est reductions occurring in commodi- ties classified as luxuries. Food re- mained high. People must have it and must pay the prices demanded. The current deflation is attributed to, the trend of economy that has taken possession of the public. Some specific effects follow:" Furs are selling in Fifth Avenue for $75 'which were held for $100 sev- eral.weelts ago. Shoes that were sell- ing at $20 are now offered at '111.65. A woman's suit priced at $245 may had for $100 less, Men's clothing has dropped in pro- portion. Blue serge suits that were $50 are advertised at $28.50. Palm Beach suits have dropped from last year's price ..of $20 to $12, Collars that climbed to 30 cents are being of- fered as low as 21 cents. A despatch from Chicago says:— Owners of department stores in scores of cities announced price reductions in ,men's and women's apparel, ranging from 20 to 50 per cent., while in some places shoes and other articles were cut. cigarette holders and pipes costing' A despatch from London says:-- over ays: over $2.50, humidors and other equip- The Duke of Devonshire's house in stent for smokers, hunting, shooting Piccadilly, one of the oldest and most and riding garments, fancy pocket- famous in London, has been sold for knives, gold, silver, cbcny and ivory one million guineas, according to The toiletware, jewelery, artiaes of silver Star, to Brit sh interests. It is, pro - adapted for household or office Use,' posed to demolish the old place and erect a restaurant, dancing hall and moving picture house. fur wearing apparel (except as men- tioned above), liveries, Oriental rugs, expensive carpets, curtains, and chan- deliers. This tax payable by the pur- chaser at time of purchase. Twenty per cent. . on mechanical, player pianos, graphophones ancl me- chanical musical instruments and re- f' cords used therewith;=50 per cent. on articles of gold for household use. • Latter two taxes being payable at time of sale by manufacturer or when imported. Playing Cards—Twenty-five cents a pack on cards selling at wholesale rates not ove: $25 per gross packs, and 50•ccnts a pack on cards above $25 per gross pacict. Beers, Wines and Spirts—Increase in excise duties an beer of 30 cents a gallon,. non -sparkling wines 30 cents a gallon, spirits $2 a gallon, and on •sparkling wines $3 a gallon. Motor Cars—Excisetax on Can- adian manufactured and imported cars increased from 10 to 15 per cent. Sales Tax—One per cent. on the sales of all manufacturers, wholesale dealers, jobbers or importers (not re- tailers). This tax not to apply' to large list cf essential foodstuffs, cat- tle foods, anthracite or bituminous coal, cr to goods exported. v. It's a Great Life if aassaviass Lleut.•Gen. Sir Arthur Currie 1Vito commanded the Canadian forces in Manders, and who has excerpted the pest of Principal of 11100111 University, This is his most recent photo. You Don't Weaken SFA`, I WIN LUCKY — pf OLD LO' NEW AEROPLANE PLANNED BY FOKKER A setter Fro Ando ' Queen Mary has more than . one hobby, but old prints and antique furniture are subjects which she has more than the average collector's knowledge, and -in spite of so many other .interests --quite the usual col- lector's keenness. Her detailed inform- ation about period furniture is well known among her intimates, but she sometimes astonishes the profession - ale with whom she comes in contact.' Princess Beatrice is the most musi- cal member of our Royal Family. The Princess is an expert pianist, and so fond is she of playing that she is often to •be met at a West -end music shop, where she and a companion play duets on two "pianos for hours to- gether. The appointment of the Hon. Alex- ander Hard:nge to succeed the Earl of Cromer as Assistant Private Sec- retary to the King has come as no surprise to those who are aware of the friendship that exists between the Prince of Wales and the new official. They were brother officers in the Grenadier Guards, and it has been an open secret .tor some time past 'that the Hon. Alexander would come to Court at the first convenient oppor- tunity. It i's no sinecure that he takes over, since the Private Secretary's office is one of the busiest departments in the Household, and the work there has increased tremendously of late. The volume of correspondence that has to be dealt with every day is surprising to anyone who is not behind the scenes at Court. Its Outstanding Feature is Ab- sence of Connecting Cables. A despatch from London says:— "The latest airplane designed by Fok- ker, the famous Dutch builder, is on exhibition in the Schipbol airdrome here," says a Rotterdam despatch to the Daily News. "Its inventor believes it will revolutionize airplane construc- tion and greatly reduce both the pur- chase price. and the costs of flying. "The outstanding feature of the new airplane is that it has no con- necting wires or cables. The wings are supported- by longitudinal sleep- ers, which give them the necessary strength. They are consequently very thick—as much as two feet in the centre—and they are further strength- ened by the use of triplex wood in- stead of the customary airplane fabric. The machine is fitted with a Single motor of 185 horsepower, but' this is sufficient to give it a speed of 170 kilometres an hour (about 1p61/4 miles). GERMANS BUSY BUILDING PLANES All Factories Operating Dur- ing War Again in Full Swing. A despatch from Paris says:—All German factories which, during the war, turned out airplanes, are now in full swing and are carefully :camou- flaging their products. Thus, not one whole machine turned out by any single factory, but all over the coun- try, spare parts are assembled, and at a minute's notice 'could be sent to other parts to be assembled as air- planes. , The German Zeppelin works are at present engaged inturning out new powerful airships, while special sheds are being constructed at Friedrich- aften. Other firms are busily engaged building and•testing powerful airplane engines. Six Shiploads of Sugar • on the Way. From Cuba A, despatch from St. John, N.B., says:—Six ships laden with .sugar, which will relieve the Dominion's near famine in this commodity, are,now en route from Cuba to this port. The boats were held up in Cuba by strikes. More are to follow them. So great is the quantity of sugar to be laid down here in a fete days that ,the local re- finery has chartered a portion of the extensive Government sheds to store it. Sir Aucicland Geddes is by no means the most youthful, Ambassador sent to represent this country abroad. Lord Granville was only thirty 'when he went to Petrograd as Ambassador in 1804, and the appointment, despit his youth, was amply justified. One ex -service man of whom I have heard is very ingeniously pressing an Army idea into business service. He used to send a subordinate .round to customers to collect orders, and by the time the return was made most of the day had gone. Now his man goes round with a basket of carrier pigeons, which are released with every few orders, and by this means the delivery van is able to start out shortly after the last pigeon arrives, with most of the day still available. An ingenious friend suggests that, as we are all striving (or ought to be striving) after economy we should learn to do without hyphens. Their use causes us to waste an enormous amount of time, ink, and physical force. Some nations build up coin- pound words without any hyphen to break them; but the English find one necessary for a simple word of five letters like "to -day." It may be rough- ly estimated that each of the 200,000,- 000 people who write English writes, "to -day," "to -morrow," or "to -night" three times a day. Half an ounce of force is required to make a hyphen with a pen or pencil, so this superflu- ous symbol entails a waste of 18,760,- 000 lbs. daily, or enough to draw a passenger train around the world.— Big Ben. 1,400,000 FRENCH KILLED IN WAR Country' Lost 57 Per Cent. of Men Under 32 Years of Age. A clespatoh from Paris says;— What is perhaps the first concise and comprehensive statement of France's war lessee rias just been made by Cap- tain Andre Tardieu. In describing what be calla "the balanoo sheet" of France, Capt. Tardieu status that dur- ing the five years of war 8,000,000 men were mobilized, of whole 1,400,000 were killed, With those wounded, France lost 57 per cent, of her men under 32 years of age. Concerning material losses, Captain Tardieu states that 600,000 houses were, destroyed, 76,000,000 acres of arable land laid waste, and 3,000 miles of railways and 25,000 miles of 'high- ways destroyed. Mines which produc- ed 55 per cent. of France's total coal output, were damaged or destroyed; 11,500 factories, which before the war produced 95 per cent. of the woollen goods, 90 per cent. of the linen mater- ial, 70 per cent. of the sugar, and 60 per cent, of the cotton geode, were crippled. ,One-third of France's ships were sunk by German submarines. "Service." People of to -day are fond of catch words. Someone coins a phrase or makes use of a little known word, and at once everyone takes it up and drags it, hit-or-miss, into his conversation. Some of them stick because they are so useful, while many more die of overwork inside of a season. One which has been with us a long time and bids fair to stay is "Service." There are public service corporations, service stations for autoists, the ser- vice promised by every progressive firm, and hotels' with "the finest sex: - vice." On every hand we hear of "service," but few, very few of us, ever get W. What sort of service does your phone give? I'd hate to hear'you answer, so I'll hasten on to the mails, the ex- press companies, the man that prom- ised you glass for your windows, and the dealer who was going to have your new flivver for you weeks ago. Mostly you are still waiting for de- liveries of everything promised. And the much talked of service to the state, where is. it? Plenty of men and women to serve on election boards, serve on commissions, that work only one day in the year and that on pay day. Plenty to act on investigating committees, thousands to make speech- es and tell what the country needs, but how many to take off their coats and go to work? The trouble with us all is that we Markets of the World Wholesale Toronto, May 2I. --'No, 1 Northern, $2.80; No, 2 Northern, $2,77; No, 3 Northern, $2,73, hi store Fort Wil- liam, Manitoba oats—No. 2 OW, $1.17%; No. 3 CW, $1.15144' extra No, 1 feed, $1.15; No, 1 feed, 1,13tiia; No. 2 feed, $1,11%, in store Dort Vidian?. Manitoba barley—No. a oW, $1.79; No, 4 CW, $1,62; rejected, $1,57; feed, $1,57, • is store Tort William, Amorlean corn—No. 2 yellow, $2,40; nominal, track, Toronto, prompt Alp - Ontario oate—No. 3 white, $1,10, according to freights outside. Ontario wheat—Na, 1 Winter, per car lot, $2 to $2,01.; No, 2 do, $1.98 to $2.01; .N o. 3 49, $1,92 to $1,93, f,o,b. shipping; points, according o freights. Ontario wheat—No. 1 Spring, per car lot, $2.02 to $2.03; No, 2 do, $1.98 to $2.01; No. 3 do, $1,95 to $2.01, f.o.b, shipping points, according to freights. Peas—No. 2,$3.00, Barley—Malting, $1.87 to $1.89, se - cording to freights' outside, Buckwheat—No. 2, $1.75 to $1.80, - according to freights outside. Rye -No. 3, $2.20 to $2,35, accord- ing to freights outside. Manitoba flour.—Government stand- ard, $14.85, Toronto. ' Ontario flour—Government stand- ard, nominal. efillfeed—Car lots, delivered, Mont - Giving It Away. real freights, bags included: Bran, per ton, flour, $3.75 to $4.00. $54; shorts, per ton, $61; good Men who have possessed themselves of all that ` feed the world has to offer in Hay—No. 1 per ton, $30, to $31; the way of tangible reward for in- mixed, per ton, $26, track. dustry, and men who have inherited Straw—Car lots, per ton, $16 to vast wealth that enabled them, if they $17, track, Toronto, chose, to live in idleness, and luxury Country Produce—Wholesale. all their days, have found that there Eggs, new laid, 52 to 53c; butter, is no lasting happiness in the there ae- creamery prints, 61 to 63c; do, solids, cumulation of. possessions. 60 to. 62e; choice dairy prints, 52 to Nathan Straus, the good and great 53c; ordinary dairy prints, 45 to 47c; Jewish philanthropist, said the other bakers' 35 to 40c; oleomargarine (best grade), 31 to 37c; cheese, new, large, day: "There is no satisfaction in 3236 to 38c; twins, 83 to 33%c; old, money alone. Food and a home, work large, 33h to 34c; twins, 34 to 34%e; and play—they are for rich and poor maple syrup, 1 -gal. tin, $3.50; 5 -gal. alike. And I find the only lasting tin, per- gal,, $3.35; maple sugar, Ib., satisfaction is in what you can do for 33 to 34c. the world." Provisions—Wholesale. More and morn persons are making that discovery; and the hope for the future of the world is in the fact. We are blessed by what we give away, and the greatest of all gifts is that. of self. It is easy to write a •chequ'e and• the generous prompting behind the contribution of money i$ admirable, but personal effort is bet- ter and more beautiful still. On every hand are selfish people who have enriched themselves by tak- ing' advantage of the need of others; but what they buy for their ill-gotten gains can hardly make them joyful when their consciences are twinged with the thought of how they made the money. Against these unsavory examples let us set those others who for com- munity,and country are doing all they can, not sparing brain or soul or body or business of their own. Recent years have aboundingly shown us that kind of men and women, and when we are disheartened by the profiteers, let us remember their very opposites, who are "giving away" themselves and all they have and are for the common good. . The best investment any man can make is in the social welfare of his fellows. What does it mean but envy if he merely makes vast collections that others may say, "Loolc how much he has!" I•f a rich man is rich in good works and kindly impulses and a democratic affability and a high sense alike of public duty and of personal honor, people do not begrudge hint what -he has when he has "made his pile" by his own downright toil. A than' like Nathan Straus is held in general esteem, For his philosophy is also his practice,, and his acts accord with his own words: "Where,there is suffering, Jew and Christian are alike, and I have given irrespective of faith. I only hope that by so doing 1. may set an example to other hien who are -rich that they ntay give also. Royal Ratepayers. are all looking to get service and none of us ready to give it. Pll around that by saying few of us are ready to give it; for a pitiful few among us still have the old-fashioned idea that it is better to give than to receive. Two thousand years ago One came to the earth who ,preached a new doctrine— the doctrine that happiness lies only along the line of doing for others. He went about doing good, not seeking money nor fame nor empty honors. He was among men as Ono who serves and in every generation since then there have been a few who have fol- lowed His example. It is these few who will save the world to -day, the few who are willing to give with no thought of reward; whose thought is of the quality of the work they do and not of the a nouut of pay they draw. The few who real- ize that what the country needs is deeds, not empty talk. They are not making much stir; indeed, they are scarcely noticed. Their quiet, self- effacement is rather Scorned, but they can afford to overlook the contempt of men,.for they, only, have the key to happiness. Service is a grand word if we con- sider it from the right angle. But we must always think of it in the light of what we give, and not what we are to get. If we all make it our business to give service, we can trust to getting it. SECOND ANNIVERSARY OF`THE ATTACK OL•i"ZEEeRUGGE. Photo shows the Lord Mayor of Dover ringing the bell which had been erected on the Mole by the Germans, but after the Armistice, was. presented to Dover by the King of the Belgians. Smoked meats -Hams, med., 41 to 48c; heavy, 32 to 34c; cooked, 59 to '61c; rolls, 31 to 32e; breakfast bacon,' 45 to 500• tacks, plain, 50 to 52e; boneless, b'4 to 57c. Cured meats—Long clear bacon, 28 to 29c; clear bellies, 27 to 28c. Lard—Pure, tierces, 28 to• 284e; tubs, 28% to 29c; pails, 28% to 2914%; prints, 29% to 30c; Compound tierces, 27 to 2746c; -tubs, 2716 to 28c; pails, 27% to 2836c; prints, 28% to 29c. Montreal Markets. Montreal, May 25,—Oats, No. 2 C. W., $1.30%; No. 3 CW, $1.271,1 Flour, new standard grade, $14.85 "to $15.05. Rolled oats, bag 90 lbs., $5.50 to $5,60. Bran, $54.25. Shorts, 161.25. Hay, No. 2, per ton, car lots, $31 to $32. Cheese, finest eastern, 30c. Butter, choicest creamery, 57 to 58c. Eggs, fresh, 54e. Potatoes, per bag, car lots, $6.00. Live Stock Markets. Toronto, May 25.—Choice heavy steers, $14.75 to $16; good, do, $14 to $14.50; butchers' cattle, choice, $13.50 to $13.75; do, good, $13 to $13.25; do med., $1.2 to $12.50; do, cons., $10,50 to $11; bulls, choice, $12 to $13; do, good, $10.50 to $11.25; dos rough, $8 to $8.50; butcher cows, choice, $12 to $13; do, good,- $10,75 to $11.25; de, cons., $7.50 to $8; stockers, $9.255 to $11; feeders, $11 to. $12.50; canners and cutters, $4.50 to 16.25; millers, good to choice, $100 to $165; do,_com: and med. $65 to $75; springers, $90 to $165; iambs, yearlings, $15 to $17; do, spring, each; $12 to $16; calves, good to choice, $14 to $16; sheep, $9 to $14; hogs, fed anti watered, $20.50; do, weighed off cars, $20.75; do, f.o.b., $19.50; do, do, country points, $19.25. 'Montreal, May 25•—Butcher steers, choice; $16 to $15.90; good, $11 to $15; med., $12 to .'$1.3; nom., $10 • to $12; butcher heifers, choice, $12 to $14; med., $11 to $12; coni., $8 to 31.0.50; butchers' rows, choice, ' $10.7.0 to $12.50; Med., $7.50 to 110.50; canners, $5 to $5.10; cuttcrs,.$6 to $7; butcher bulls, good, $10.10 to $15; common, $8.50 re S9. Ceod veal. 812 to $14; med., $8 to 311; shc:p, 18; thin sheep, $10 to all; gord ci pped sheen, $12,50; spring lambs, $10 to 814 each,. IIogs, 50'-csr weights. ,elects, 120.71 to $21.10; Sows, '10.75 to 31.7.50. • It is generally presumed that all Royal residences are free from rates, but this is by no means the ease. The only three that escape this taxa• ion are Windsor Castle, Buckingham Palace, and the greater portiou of St. James's Palace, 1n the case of St. James's Palace, the Ring, as an "act of grace,' pays to the Weatminater City Council rates on those portions of the old. palace that are occupied by his entourage. Queen Alexandra pays the full rates' upon Marlborough House, which now amount to over $30,000 a year, and the King pays rates en. Sandringham, York Cottage, and Balmoral. These are all regarded as being the private residences of the King and Queen Alexandra, and not as "Royal palaces" in the strict mete of the word. {+ Always turn a steals by passing a knife under it. Never put a fork into it. There are 256 railway stations within a six -mile radius of St. Paul's Cathedral, while within a twenty -smile radius there' are nearly 400. • A flame which will burn, without protection under water, and which cuts holes in sunken veseels, is used by ship -salvers, C.Irti tt t -(AS Ota A40 SENO Sat';c. \144\5 rp\NAY 411 s Nv 55 111 PA GMAT L\ \F YOk) By.Jack Rabbit • k,.l.vA * V. CARRANZA. A recent picture of the deposed ruler of Mexico, who has weaned the per - suit of the revolutionists. • President- Carranza Escapes' From Mexico A despatch from El Paso, Texas, says:—President Carranza and Gen. Aguilar have escaped from Mexico, according to information secured hers from a confidential but authoritative source, They boarded the gunboat Pillogvesso, the crew of which remain ed loyal to Carranza, and steamed for a destination that was not disclosed. It was reported Canalize. succeeded in getting away with considerable treasure, and that he issued a proc.a., oration, the gist of whieh was that he; atiil guarantee the salaries of all ofar OS 'who remalftioyal to his Governs iuent, Hungary Will Sign Peace Treaty at Once W desp'a eh drum Budapest says:—•i. tungary will sight the poses treaty, resented to het by the Allies, It is d1eated herr. 'Count Albert Apponyi, fin o strongly oppotod the acceptance O. tiro treaty lies resigned from the iieaco delegation,