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The Exeter Times, 1920-5-27, Page 2NEW TAXATION LEVI ED IN BUDGET OF FINANCE MINISTER Tax of One Per Cent. on Sale Duty of 7 1-2 Per Cent Re Motor Cars Increas s of Manufacturers -Customs moved - Excise Duties on ed to 15 Per Cent Taxes .on luxuries ranging from 10 to 50 per cent. of purchas.e. price. • Tax of one per cent. on sales of Menufeeturers, 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. Liereased excise duties on beer, • wine and spirituous liquore. Increase in stamp taxes on bills of exchange and promissory notes for more than $00. Increase in taxation on hie yaws of $5,000 and upward. Tax of two rants per share on stock transfers. Business profits war tx 'Continue& but at redueed eatee. War customs duties of 7 per eeat. ad valorem repealed. Estimated revenue for new taxes $100.000.000. Est mated loss invaQ from re- peal of taxes. en00(0.0(i Net he:re-:tee in revenue expected, . , The following is a semimary 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 $50 each, fur coats and robes over $100 each, women's dresses over Playing Cards. -Twenty-five cents a pack an cards selling at wholesale rates not over $25 per gross packs, and 50 cents a pack on cards above $25 per groes packs. Beers, Wines and S'pirits-Increa.se in excise duties on beer of 30 oents a gallon, non -sparkling wines 30 eents a gallon, spirits $2 a gallon, and on sparkling wines $3 a gallon. Motor Cars -Excise tax on Can- adian manufactured and imported ears 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 of essential foOdstuffs, cat- tle foods, anthracite or bituminous coal, or to goods exported. Scamp Duties -Existing tax on cheques continued, but rate increased an bills of exchange and promissory notes. Two cents for bills of $100 or less, and two cents for each additional $100 or fractional part thereof, Stamp duties on patent medicines, ete heneeferth to be affixed by menu- • faetarer or importer, instead of re- tailer, as now. 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 1919 income were very substan- tially raised. A further general ad- dition to these taxes of five per cent. is now added, on 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 eent. of the whole of the amount 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. SIR HENRY DRAYTON 31,IiniE::er of F:nance. who has just is- sued his i'.tet $45. hat:, 1:77A.rat and figures!, 4,.s well as •::n some other wcal.:ng apparel, all :a:.s. oNra cloaks, cutioyy, cut glasS ware, velvct, and silk i'abr:cs, lace, ribbons, silk embreideries and sportin goods. Ale- on I:et:nits over 340 each and vaies. eiteaees. aver. $215 eeell. This tee: to he pnid by the purchaser to the vendor at time of sale. 'Ten per ren. on pleasure boats, yachts. eanoes, and motor -boats, cameras, candy and confectionery, chewing gum, firearms, shells or cartridges, pianos, organs, musical instruments, and plated ware adapted for household use. This tax payable at the time of sale by Canadian mama - lecturer or when imported. Twenty per cent. of total purchase rice on such articles as cigar and cigaretteholders and pipes costing over $2.50, humidors and other equip- ment for smokers, hunting, shooting and riding garments, faney pocket- knives. gold, silver, ebony and ivory toiletware, jewelery, articles of silver adapted for household or office use, 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, graphopriones and rne-• chamcal musical instruments and re- . cords used therewith; 50 per cent. on articles of gold for household use. Latter two taxes being payable at • timeof stile by manufacturer or when Imported. t 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, an capital, but not exceeding 15 per cent., tax will be 20 per cent. On profits in excess •of 15 per eent, 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 prclits in excess of 30 per cent. on capital tax will be 60 per cent. • For small businesses with capital • of not less than $25,000 and under $50,000, 20 per cent. on all profits ex- ceeding 10 per eent. will be taken, 1 instead of 25 per -cent as at present. Under legislation of last session, • the maxim= scale of business tax • is in effect this year, and the modified tax will apply to 1920 profits, taxable in 1921. Tariff Changes. -The 7% 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 7%1 on food, elothing, agricultural imple- ments, etc. The War Customs duties. imposed in 1915 are now entirely re- rnoved. a NW' "cl ewe o eiNetiee, FALCONS OF WINNIPEG, WORLD'S HOCKEY CHAMPIONS Fresh from their succes.sful quest of the world's premier hockey honors, the, Falcons of. Wintiipec,,,, Cana dian Olympic representativettt. arrived at Toronto the other clay, and were greeted by huge crowds and leading 110.,31.1.!ben; of Toronto Sportsmen's FraternitY.„ .The ph.)to• ehoens iho Falcone lined up on City Hall steps to receive speech. from. Mayor Church and Council. • FOKKER INVENTS NEW AMPLA.NE Fitted With Single Motor With Speed of 106 Miles Per Hour. A. despatch from London sayst- "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 wffl 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 106% miles). Maxims of Success. The truest wisdom is a resolute de- termination. --Napoleon I. Things don't turn up in this world until somebody turns them up. -James A. Garfield, The one serviceable, safe, certain, remunerative, attainable quality In% every study and pursuit is the quality of attention. -Charles Dickens. The talent of success is nothing more than doing what you can do well and doing well whatever you do, without a thought of farne.-Longfellow. I never did anything worth doing by • accident. Anything I have begun Is !always on my mind, and I am not easy while away from it until it is finished. -Thomas A. Edison. Mexican President Makes His Escape A despatch from El Paso, Texas, says: -President Carranza and Oen. Aguilar have escaped from Mexico, according to information secured here from a confidential but authoritative source. They bearded the gunboat Pfogresso, the crew of which remain- ed. loyal to Carranza, and steamed for a destination that was not disclosed. It was reported Carranza succeeded in getting away witb considerable treasure, and that he issued a procla- mation, the gist of -which was that he will guarantee the salaries of all offi- cials who remain loyal to his Govern- ment, SPEEDINUP •PLG ANE BUILDING German Factories Turing Them Out by Wholesale. 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 in turning out new powerful airships, while special sheds are 'being constructed at Friedrich- aften. Other firms are busily engaged building and testing powerful airplane engines. First New Cents Coined; Larger Than 10 -cent Piece A despatch from Ottawa says: - Canadian cents of the new size were struck at the Mint for the first time on Tuesday. The first two coins mint- ed were presented by the Master of the Mint to Sir Thomas White, who, as Minister of Finance, brought in the necessary legislation last year. The new cent is slightly larger than the Canadian ten -cent piece. Hungary Will Sign Peace Treaty at Once A despatch from Budapest says: - Hungary will sign the peace treaty presented to her by the Allies, it is indicated here. Count Albert Apponyi, who strongly optioiad the acceptance of the treaty, has resigned from the peace delegation. A Letter From London 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- als 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 Hardinge to succeed the Earl of Comer 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 for some time past that the Hon. Alexander would come to Court at the first convenient oppor- tunity. It is 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. Sir Auckland 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 Arniy 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 earrier 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 ari enormous amount of time, ink, and physical force. Some nations build up com- 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 pert or pencil, so this superflu- ous symbol entails a waste' Of 18,750,- 000 lbs. daily, or enough to draw a passenger train around the world. - Big Ben. "REG'LAR FELLER S''=fiy Gene Byrnes DEFLATION OF U.S. RETAIL PRICES With Exception of Food, Values Take Considerable Drop. A despatch from New York says:- Atheertisements 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 eurrent deflation is attributed to the trend of economy that has taken possession of the public. Some spedific effects follow: Furs are selling in Fifth Avenue for $75 wnich were held for $100 sev- eral weeks ago. Shoes that were sell- ing at pa are now offered at $11.65. A woman's suit priced at $245 may be had for $100 less. Men's clothing has dropped in pro- portion. Blue serge suits bhat 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 BO cents are being of- fered as low as 21 cents. A despatch from Chicago says: - Owners of department stores in stores 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. FRANCE LOST HEAVILY INWAR 1.440:0,000 Me Killed and 600,000 Houses Destroyed. A despatch from Parie says: - What is perhaps the first come:0 and comprehensive statement of France's war losses has just been made by Cap- tain Andre Tardieu. In describing what he calls "the le:dance sheet" of France, Capt. Tardieu states that dur- ing the five years of war 8,000,000 moil were mobilized, of whom 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, 75,000,000 acres of arable land laid waste, and 3,000 milea of ,rallways and 25,000 mile e of high- ways destroyed. Mines which produc- ed 55 per cent. of France's total coal output, were damaged or destroyed; 11,600 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 eent. of the cotton goods, were crippled. One-third of France's ships were sunk by German oubrnarines. Relief For Dominion's Sugar Shortage A despatch from St. John, N.B., says e -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 few days that the local re- fineryhas chartered a portion of the extensive Government sheds to store it. Devonshire House, London, Sells for Million Guineas A despatch from London says: - The Duke- of Devonshire's house in Piccadilly, one of the oldest and most famous in London, has been sold for one million guineas, according to The Star, to British interests. It is pro- posed to demolish the old place and erect a restaurant, dancing hall and moving picture house. Weekly Market Report Wholesale Grain. Toronto, May 25. -No. 1 Northern, $2.80; No. 2 Northern, $2.77; 'No. 3 Northern, 2.73, in store Fort Wil- liam. Manitoba oats -No. 2 CW, .$1.17%; No. 3 OW, $1.15%; extra No. 1 feed, $1.15; No. 1 feed, $1.13%; No. 2 feed, $1.11%, in store Fort William. Manitoba barley -No. 3 CW, $1.79; No. 4 OW, $1.62; rejected, $1.57; feed, $1.57, in store Fort William. American corn -No. 2 yellow, $2.40; nominal, track, Toronto, prompt ship- ment. Ontario oats -No. 3 white, $1.10, according to freights outside. Ontario wheat -No: 1 Winter, per car lot, $2 to $2.01; No. 2 do, $1.98 to $2.01;No. 3 do, $1.92 to $1.93, f.o.b. shipping points, according to freights. Ontario wheat -No. 1 Spring, per car lot, 2.02 to $2.08; 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. Parley --Malting, $1.87to $1.89, ac- 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. • 1VIillfeed-Car lots, delivered, Mont- real freights, bags include: Bran, per ton, $54; shorts, per ton, $61; good feed flour, $3.76 to $4.00. Hay ---No, 1 per ton, pc) to $31; mixed, per ton, $25, track. Straw -Car lots, per ton, $16 to $17, track, Toronto. Country Produce --Wholesale. Eggs, new laid, 52 to 53c; butter, creamery prints, 61 to 63e; do, solids, 60 to 62c; choice dairy pr,nts, 52 to 53c; ordinary dairy prints, 45 to 47c; bakers' 35 to 40c; oleomargarine (best grade), 31 to 37e; cheese, new, large, 8231 to 33c; twins, 33 to 331/2c; old, large, 33% to -34c; twins, 34 to 341/2,c; maple syrup, 1 -gal. tin, $3.50, 5 -gal. tin, per gal., $3.35; maple sugar, Ib., 33 to 34e. Provisions -Wholesale. Smakederneats-e-Hams, med., 41 to 4ac; heavy, 32 to 34c; cooked, 59 to 61c; rolls, 31 to 32c; breakfast. bacon, 45 to 50c; backs, plain, 50 to 52e; boneless, 54 to 57c. Cured meats -Long clear bacon, 28 to 29c; clear bellies, 27 to 28e. Lard -Pure, tierces, 28 to 28%c; tubs, 28% to 29c; pails, 28% to 291/ec; prints, 291/2 to 30c• Compound tierces, 27 to 271/fic; tubs, 271/2 to 28c; pails, 27% to 2814c; prints, 28% to 29c. Montreal Markets. Montreal, May 25. -Oats, No. 2 C. W., $1.303; No. 3 CW, $1.27% Flour, new standard grade, $14.85 to $15.05. Rolled oats; bag 90 lbs., 46.50 to $5.60. Bran, $54.25. Shorts, $61.25, Hay, WO. 2, per ten, ear kite, $31 to $32. Cheese, finest easterns, 30c. Butter, choicest creamery, 57 to 58c. Eggs, fresh, 54c. Potatoes, per bag, car lots, $6.00. Live Stock Markets. Toronto, May 25. --Choice heavy steers, $14.75 to $15; good, do, $14 to $14.50; butchers' cattle, choice, $13.50 to $13.75; do, good, $13 to $13.25; do med., 12 to $12.50; do, corn., $10.50 to $11; bulls, thoice, $12 to 413; do, good, $10.50 to $11.25; do, rough, $8 to $8.50; butcher cows, choice, $12 to $13; do, good, 10.75 to $11.25; do, com., $7.50 to $8; stockers, $9.25 to $11; feeders, $11 to $12.60; canners and cutters, $4.50 to *6.25; milkers, good to choice, $100 to $165; do, com. and med., $65 to $75; springers, $90 to $165; lambs, yearlings, $15 to $17; do, spring, each, 412 to *16; calves, good to choice, $14 to $16; sheep, $9 to $14; hogs, fed and watered, P0.50; do, weighed off cars, $20.75; do, f.o:b., $19.50; do, do, country points, $19.25. Montreal, May 26.-33utcher steers, choice, $15 -to $15.90; good, $13 to $15; med., $12 to $13; come $10 to $12; butcher heifers, choice, $12 to $14; med., $11 to $12; com., $8 to $1.0.60; butchers' cows, choice, $10.50 to $12.59; med., $7.60 to $10.50; canners, $5 to $5.50; cutters, $6 to $7; butcher bulls, good, $10.50 to $13; common, $8.50 to $0. Good veal, $12 to $14; med., $8 to $11; sheep, $8; thin sheep, $10 to $11; good clipped sheep, $12.50; spring iambs, $10 to $14 each. Hogs, off -car weights, selects, $20.75 to P1.60; sows, $16.75 to $17.50. EtIMPISMIStattittitslraMM112111,47,30111MINNOMINIIIIIIIMPINA '<AO OIZE LUCK`(,Tt-{Kr- YOU 6E1- tNIC4.EL -sPateil3) - I 6E-1" MC. THP- " Par* --1.1. CANTI CI0t4t4 TAKE. THUM kiome -ro mAtiltviN kb( tvwe. MME Me Fs c;LE, eNE'Vt-p. Pt kektrii TREM • CV II:1k - I Giving It Away, Men who have possessed themselves of all that the world has to offer in the way of tangible reward for frie duatry, ,and men who have inherited vast wealth that enabled them, if they' chose, to live in idleness and luxury all their days have found that there is no lasting happiness in the mere ass cumulation of possessions, Nathan Straus, the good and greet Jewish philanthropist, said the other day: "There is no satisfaction in money alone. Food and a home, work and play -they are for rich and poor alike. And find the only lasting satisfaction is in what you can do for the world." More and more persons are making that discovery; and the hope for the future of the World is in the fact. We are blessed by what we eve away, and the greatest of all gifts is that of self. It is easy to write le cheque and the generous prompting. behind the contribution of money is' admirable, but personal effort is bete 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 eau hardly make them joyful when their ,consciences aro 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 tan, 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, "Look how much he hasl" If 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 him what he has when he has "made his pile" by his own downright toil. A man like Nathan Straus is held in general esteem. For his philosophy Is - also his practice, and his acts accord.' with his ownewords:"Where there suffering, Jew and Christian are ali and I have given irrespective of fait I ohly hope that by so doing I may set an example to other men who are rich that they may give also." The World Aloft. The Dutch Government is considEoe7 Ting the practicability of an airplane flight from Holland to the Dutch East reidies. It has been virtually decided to give a large prize in money to the Dutch aviator who first makes the journey. China has been quick to take hold of the aerial idea. Recently an air- plane left Nanyuan with fourteen pas- sengers and 1,200 pounds of sand which served as a test load. The ma- chine so 'loaded had' a total weight of about seven tons. The plane climbed to an altitude of 5,000 feet, made three circuits of Pekin and then landed in safety, On board were several repre- sentatives of the Chinese Government. The Aero Club of Shanghai has just been organized and is taking active steps to promote a Chinese national organization to promote flying. Chin- ese, British, Italian, French, Ameri- can, and other nationalities are repre- sented. The new club intends to purchase at least one plane and plans are being considered also to acquire the use of a landing place for fliers. One of its members is Major William R, McBain who served three years in France with the British flying corps and brought down thirteen German planes. The Pekin Government has purchas- ed and has received from Britain a number of planes with which an air mail service is to be established this summer between Chinese cities. ,Colonel Hartley and Captain Doug- las, United States army aviators, re- cently flew from Washington to Ot- tawa in four hours and two minutes, exclusive of a stop at Ithaca, N.Y. The highest of mountains present no obstacles to intrepid aviators of all countries. Captain Parodi, noted Argentine aviator, recently crossed and recrossed the Andes, flying from Mendoza to Santiago and back with- out a landing. A freight and passenger service has been established between Barranquilla, Colombia, and Giardot. The journeys will take nine hours. Frequent stop!, will be made, Royal Ratepayers. It is generally presumed that all Royal residences are free from ratem, bat this Is by no means- the case. The only three that escape thie taxa- ida are Windsor Castle, lauckingtant Palace, and the greater portion of St. Jameste Palace. In tho ewes of St. jan'.4iee's Palace, thatW ICielifte,Iseetafttee7ftect4L°rgel(ic pays rtAG „ •T13.406 porbioni TA ire of Paoa,;ii uiat • 4rit 04 CU14s,c1 by his entourage•, eetulati Slexaticlrit pays the ftill rates upon Marlborough House, which now* • amount to over $80,000 a year, and. the Xing pals rates on Sandringharo, • York Cottage, and Balmoral. Thee* ere alt regarded as being the private •11' ? X b . NI giapc.,ICAS 6- the ing and _aeon Altman/1i%, Eind not as "Itoial palacmS la the strict Sense ot the word.