Zurich Herald, 1920-06-03, Page 71
TAXATION 'LEVIED IN.
BaGET OF FINANCE METER
Tax of One Per Cent. on Sales of Manufacturers -Customs
Duty of '7 1.2 Per Cent. Removed -- Excise Duties on
Motcr Cars Increased to 15 Per Cent.
Taxes en luxuriesranking from 10
to 50 per eerit, of purchase: price.
Tax of one per cent, on sales eif
manufacturers, wholesalers, jobbers!
and importers, but not on sales by'
retailers; aales of food and coal ex-
empted from tax.
Excise Lex cn passenger automo-
biles increased from 10 to 15 per cent.
Increased excise duties on beer
wine and spirituous liquors.
Increase in stamp taxes on bills of
.exchange and •promissory notes for
more than. $100.
Increase in ,taxation on incomes of
$5,000 and upward.
Tax of two cents per on
stock transfers.
Business profits eves: tax continued
but at reduced rates.
War customs duties of 71/4 per cent.
ad valorem repealed.
• Estimated revenue for new taxes,
$100,000,000.
Estireated loss of revenue from re-
peal of taxes, $30,000,000.
Net increase 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 hoots 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
$45, women's snits over $60, and on
hats, hose, neckwear, shirts, purses,
ana gloves costing above certain speci-
fied figures, as well as en some other
wearing apparel, all fans, opera cloaks
ivory -handled .cutlery, cut glass ware,
velvet and silk fabrics, lace, ribbons,
silk embroideries and sporting goods.
Also on trunks over $40 each and
valises, suiteases, etc., over, $25 each;
This tax to be paid by the purchaser
to the vendor at time of sale.
Ten per cent. on pleasure boats,
yachts, canoes, and motor -boats,
cameras, eandy 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 menu.
facture'. or when imported.
Twenty per cent. of total purchase
price on such articles as cigar and
cigarette holders and pipes costing
over $2.50, humidors and other equip-
ment for smokers, hunting, shooting
and riding garments, fancy pocket-
knives, gold, silver; ebony and ivory
toiletwarc, jewelery, articles of silver
adapted for household or office use,
'ur wearing apparel (except as men-
ioned above), liveries, Oriental rugs,
expensive carpets, curtains, and chan-
deliers. This tax payable by the pur.
haser at time of purchase.
Twenty per cent. on mechanical
player pianos, graphophones and mes
chanical musical instruments and re-
cords used therewith; 50 per. cent. on
articles of gold for household use.
Latter two taxes being payable at
time of eale be, malmfacturee or when
imported.
Playing Cards -Twenty-five cents a
pack on cards selling at wholesale
rates not over $25 per . gross packs,
and 50 cents a pack on cards above
$25 per gross packs.
Beers, Wines and Spirits -Increase
in excise duties on beer of 80 cents a
• gallon, non -sparkling wines 30 cents
a gallon, spirits $2 a gallon, and on
sparkling wines $3 a gallon.
Motor Cars -Excise tax on Can-
adian manufactured and imported
tars increased from 10 to 1.5 per cent.
Sales Tax -One per cent, on the
tales of al] manufactuters, wholesale
• dealers, jobbers .or importers (not re-
tailers). This tax not to apply to
large list ofessential foodstuffs, cat-
tle foods, anthracite or ham:MI.1'one
coal, or to goods exported.
Stamp Duties --Existing tag on
cheques continued, but rate increased
,
en bills of exchange and promissory
.notes, Two (tenth for bills of 4100 or
'less, and two cents for •eachadditional
$100 or fractional part thereof.
. Stamp duties on patent medicines,
etc., henceforth to be affixed by manu-
facturer or importer, instead of re-
tailer, as now.
d
Filnis-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 takes are -effective
Irene Wednesday, the 19th instant.
Income •Tax -13y- last year's legisla-
ot income taxes payable this year
fail 1019 ineoine were very substan-
etially raised, A further general ad-
lition to these taxes •Of five pee eeht.
• •now added, on *melee of $5,000
bel up, to be effective this year.
F/
In future, incense tax returns must
.accompanied .by a cheque for at;
least 25 per tent, of the Whole •cif the
amount estimated to be payable, It
share
laid in instalments, interest at six per
cent. is to be charged, and payment
it full is required within six months
Letter return 'is made by means of
three equal hi-nionthly instalments.
Heavy penalties are provided for in-
correct returns.
Business Prefits Tax. -Present tax
is modified by incra3ing the .exemp-
Con allowed from 7 to 10 . per cent.
.
and c langh d .
to the following:
et!
,.;•••4" ••:, N.: •
:ea. a, Sega as.
FALCONS OF WINNIPEG, WORLD'S HOCKEY CHAMPIONS
Fresh from their successful quest of the world's premier hockey honors, the Falcons of Winnipeg, Cana-
dian Olympic representatives, arrived at Toronto the otheday, and were greeted by huge crowds and leading
members of Toronto Sportsmen's Fra ternity. The photo shows the Falcona lined up on City Hall steps to receive
eicoming speech from Mayor Church and Council.
On profits in exceess of 10 per cent. SHARP DEC,L1NE IN
on capital, but not exceeding 15 per FOODSTUFF PRICES
cent., tax will be 20 per cent. --
On Profits in excess of 15 per cent Uniled Stales Reports Further
on capital, but net exceeding 20 per
ciente 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 per cent.
on capital tax will be 00 per cent.
For small businesses with capital
of not less than $25,000 and under
SIR HENRY DRAYTON
Minister of Finance, who has -just is-
sued his first Budget.
$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 business tax
is in effect this year, and the modified
tax will apply to 1920 profits, taxable
in 1921.
Tariff Changes. -The 74i per cent
War Customs duty is taken Off all re -
mining items. Last year the 5 per
cent. British preferential war tax was
entirely removed, as well as the 71/4
on food, clothing, agricultural imple-
ments, etc. The War Customs duties
imposed in 1915 are now entirely re-
played.
SLUMP IN
EGYPTIAN COTTON
Markets at Manchester and
Liverpool Experience. 30
Per Cent. Decline..
A despatch from Manchester, Eng.,
says :-.--The sensational slump in the
price of Egyptian rotten: during the
past three days in Manchester and
Liverpool is said to have been largely
due to speculation in Alexandria,
Egypt, and the refusal of bankers
longer to finance speculative trans-
actions. The latter contingency, it is
asserted, compelled. speculators in
Alexandria to realize the best obtain-
able terms.
Control of the Egyptian cotton crop
by the British and Egyptian Govern-
ments was removed in 1910, when the
price of the Egyptian staple was two
shillings three pence per pound. It
rose by leaps and 'bounds to eight shil-
lings throe pence per pound in Febru-
ary, owing to the -tremendous demand
in the 'United States for making the
fabric for motor car tires. By the
beginning of May this year, however,
the price had fallen to six shilling's
six pence. Heavy sales continued on
Friday, and the belief In the .cotton
market was that theworst was not
yet over,
Singer is Heard
100 Miles Away
A despatch from Ottawa says: -A
large audience at the Chateau Laurier
Assembly Hall on Thursdag night
heard quite distinctly a gramophone
played in Montreal, and also Miss
Litton singing in that city, over 100
Miles away, by means of wireless
telephony. The demonstration was
arranged by Dr, A. S. Eve, in connec-
tion with an address on "Some Great
War Inventions," before the Royal
Society of Canada. The experiment
took place at 9,80, and by means of a
magna vox, the 'voice of the distant
Singer was quite distinctly heard in all
parts Of the hall.
"Cuts" in Clothing.
A despatch from New York says: -
Influenced by the general price -cutting
agitation that is steadily gaining
ground, the principal commodity
markets of the country on Friday con-
tinued to "mark down" quoted values.
Cotton, sugar and corn options broke
violently here and. inChicago, and
cereals and provisions, ineluding pork,
also suffered sharp reactions. Signifi-
cance was attached to the drop in the
pork prices .as marking the first pro-
nounced break in high-priced food-
stuffs,
The stock exchange showed im-
provement. on a sharp recovery of
Liberty bonds and Victory notes.
A large part of Friday's liquida-
tion in cotton and grains was attri-
buted to the further scaling down of
400 German Ships
to he Sold in Britain
A despatch from London says: -
Over four hundred vessels of the.Ger-
mail meccantile marine are expected
.shortly to arrive in the Firth of Forth,
under the terms of the Peace Treaty.
The entire fleet is to be auctioned in
one lot,
Ono of the largest British shipping
concerns intends to buy the fleet, and
afterwards charter many vessels to
Germans, in furtherance: of the plan
to aid Germany in maintaining her
formerto' • .
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,
i'who strongly opposed the acceptanee
oanxing 1tst1tUt1ons here of the treaty, has. resigned from the
and in other reserve centres, evidently
in conformity with the request of the
Federal Reserve Board.
In the local cotton market May Con-
tracts broke almost 400 points, with
equally sharp reactions in New
Orleans. The Liverpool market also
reported substantial reactions.
Domestic and foreign metal mark-
ets quoted lower prices for spot .and
future deliveries, silver proving the
only exception at a slight rise in Lon-
don. Little business was done here
in copper for immediate delivery.
Banks in the uptown or wholesale
dry goods district reported additional
loan contraction, and most of the re-
tail shops advertised "cuts" 4.)f 25 tee
40 per cent. in women's wearing- ap-
parel.
SPEEDING UP
PL.A.NE BUILDING
German Factories Turning
Them Out by Wholesale.
A despatch from Paris
German factories which, during the•
war, turned out airplanes, are now in
full swing and are carefully Can1011-
fining 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
I, a minute's notice could be sent to
Wholeeale Grain. 43c; heavy, 22 to 34e; cooked, 59 to
other pert.% to be assembled as iur-
Toronto) May 25. --No, 1 Northam,' Ole; rolls, 31 to 32c; breakfast bacon.
-planes.
, $2.S0; No. 9 Northern, $2.77; No. 3 45 to 50c; backs, plain, 50 to 52e;
peace delegation
Lieut. -Gen. Sir Arthur CurrIc
Who commanded the Canadian forcer
in Flanders, and who has aceepted the
post- at Principal of McGill 'University.
This is his most recent photo.
DOMESTIC HELP
FROM ENGLAND.
Canadian Offices in London
Thronged With Servants
Wishing to Emigrate.
A. despatch - from London • says: -
The agricultural selection committee,
composed of Messrs. Scott and Wilson,
which has been sifting the applica-
tions for free transportation to Can-
ada and the Canadian Government
loan to hcapesteaders, will return to
Canada on. July 20. The committee
has had an unexpected rush of candi-
dates, and is very well satisfied with
the qualifications of those doming for-
ward. In addition to these, even
larger numbers not possessing suffi-
cient funds or influence to qualify be-
fore the committee are being sent to
Canada under the overseas schenee,
and these, too, are said to be good
class new citizens. So great has been
the rush of emigrants that all Can-
adian sailings are now booked up two
and three months ahead.
The Canadian emigration offices in
London are also crowded with do-
mestic servants wishing to go to
Canada.
BOLSHEVIK! WIN
AGAINST THE POLES
Advance Thirty .Miles Along
Forty -Mile Front.
A despatch from London says: -
Confirmation that the Bolsheviki have
captured the towns of Polotsk and
Lepel. in the Government of Vitebsk,!
was given by -an authoritative Britishi
source on Thursday.
It was stated that the Bolsheviki
have advanced 30 miles in depth
along a front of 40 to 50 miles.
Polotsk, one of the most ancientl
cities in Russia, lies 60 miles north-
west of the city of Vitebek, on the
Duna River. Under the Polish kings
it was a flourishing trade emporium.
Lepel is, 52 miles south-west of
Iiitebski on Lake Bereehta.
4.4
Buy Thrift Stamps.
_ • -
y y + --•-,
A u r fm3,
wealy Mirke Kipo
It ne G Z 1 worIs aro -
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 tho 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. " •
V. CARRANZA
A recent pieture of the deposed ruler
ot Mexico, who has escaped the pur-
suit of the revolutionists.
Northern, *2.78, in store Fort
Manitoba eat -No. 2 CW, $1.171•1::
, Na. 3 CW, $1.151,.i; extra No. 1 feed,
' 81.15; No. 1 feed, $1.•131e; No. 2 feed,
•
$1.113se, in store Fort William.
Manitoba barley -No. 8 OW, $1,70;
No. 4 CW, $1.02; rejected, '$1,57; feed,
$1.57, in store Fort svilliam,
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
ear lot, $2 to $2.01; No. 2 do, $1.98 to
$2.01; No. 8 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 $2.02; No. 2 do, $1.98
to $2.01; No. 3 do, $1.95 to $2.01, f.o.b.
shipping points, according to freighis.
Peas -No. 2, $3.00.
Barley. -Malting, $1,87 to $1.89, ace
mains; to freights outside,
ieek.wheat-No. 2, $1.75 to 81.80,
according to freights outside.
Tye -No, 3, $2,20 to $2.35, accord-
s/1g to freights outside.
Manitoba flour -z -Government stand-
ard, .$14.85, Toronto.
Ontario flour -Government stand-
ard, nothinal.
IVillifeed-Car lots, deliveeed, Mont-
real freights, hags included; Bran, per
ton, $54; shorts, per ton, $61; good
feed Rome $3.75 to $4.00,
mixed, per ton, $25, tfaek,
Haysa-No. 1 per ton, $80 to $81;1.
Straw -Car lots, per ton, $10 to
$17,track, loronto.
Country :Produce -Wholesale.
Eggs, neeg laid, 52 to 58c; butter,;
creamery 'prints, 61 to 63q. do, solids,'
60 to 62a; choice dairy prints, 52 tol
530; ordinary dairy prints, 45 to 47e'
grade), 81 to 87e; cheese, new, large,
''
bakers' 35' to 40c; oleomargarine (best
221/e to 38c; twins, 38 to 881/4ce
large, 83¼ to 84c; twins, 84 to 341/2e;
rnnpic syrup, legal. tin, $8,50; 5 -gal.
tin, poi' gal., $3,25; maple sugar, lb. l
83 to 34e,
Smoked meats -Hanle, need, 41 to
boneleze, 54 to 57c.
Cured meats -Lang clear bacon, 28
to 29e- clear bellies, 27 -to 28e.
Lard -Pure, tierces, 28 to 23',e;
tubs, 2814 to 29c; pails.281).i, to 291ge;
prints, Me to 80c; Compound tierces,
" 97 to 27aSe; tubs, 2734 to 28c; pails,
27S, to 28e; prints. 2834 to 29c,
Montreal Markets.
Montreal, May 25. -Oats, No, 2 C.
1 W., $1.31P,:3 ; No. 3 OW, $1.2714 Flour,
' new etandard grade, $14.85 to $15.05.
Rolled <late, bag 90 lbs., $5.50 to $5.60.
- Bran, $54.25. Shorts, $61.25, Hay,
o. i)
ton, tz, $3 $32.
Cheese, finest easterns, 30c. • Butter,.
choicest creamery, 57 to 58e. Eggs,
fresh, 54e, Potatoes, per bag, ear
lots, $6.00.
Provisions -Wholesale.
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 $18,75; do, good, $18 to $13.25; do
med., $12 to $12,50; do, tom., $10.50
to $11 bulls, ehoice, $12 to $13; do,
good, $10.50 to $11.25; do, rough, $8
to $3.50; butcher cows, :clime, $12 to
$18; do, good, $10,75 to $11,25; do,
cern., $7.50 to $8; stockers, $0.25 to
$11; feeders, $11 to $12,50; canners
and eutters, $4,50 to $6.25; milkers,
good to choice, $100 to $1651 do, cam.
and med., $65 to $75; springers, $90
to $165; lambs, yearlings, $15 to $17;
t1ot pring, each, $12 to $16; ealyee,
good to choice, $14 no $16; sheep, $9
to $14; hogs, fed ant watered, $20.50;
iknig4loedcoQff,. te,oalihost, r$,y201).97tittalf4o,tfl,osla,
-
Montreal, Maly 25.-s-eButc teere,
choice, $15 to $15.90; good, $18 to 115;
med, $12 to $18; coin., $10 to 12;
butcher heifers, choice, $12 to 14;
med., . $11 to $12; coin., $8 to $1.0.50;
butchers' CONVO, choice, $10.50 to
$12.50; 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 $9. Good veal, $12 to $14;
need,. $8 to $11; sheep, 88; thin sheep,
$10 to $11; good clipped sheep, $12.50;
spring lambs, $10 to $14 each. Hogs,
off -car weights, selects, $20.76 to
$21,50; sows, $16,76 to $17,50.
HAY SHORTAGE
IS PREDICTED
Prospect Good For Western
Crops of All Kinds,
A. despatch from Ottawa says: -
Present conditions indicate a Short
hay crop throughout Canada, .except
in northern Alberta and northern
Saskatcheevan, information received:
from representatives of the live stock
branch and officals of the various
Provincial departments indicates that
unless an unusually poor growing
season is experienced, with lack of
moisture in the Eastern Province
and a lack of heat in the Western
Provinces there should be a sufficient
supply of summer feed and pasturage
to meet grazing requirements and a
reasonable amount of cure° grain
'and roughage far next winter's stock
feeding operations. To offset the an-
ticipated short hey crop, there will be
considerably more corn sewn in On-
tario this spring, unless in the near
future rains are experienced to help
hay and pasture land.
In the Maritime Provinces and in
'Western Canada a good deal of at-
tention will, under any circumstances,
be g:ven to the growing of soiling
crops and crops for ensilage. It is
estimated that the Province of New
Brunswick will have double the num-
ber of silos that there are in the Prov-
ince at present. Pastures are at least
two weeks behind throughout the Do-
minion. In Ontario soiling crops will
be more extensively grown to help
out later in the season.
The Western Provinces will have a
heavy acreage of oats and barley and
the production of crops for soiling is
being supported by the Provincial
authorities and individual farmers. it
is encouraging that the soils of the
Western Provinces have the heaviest
moisture content in some years, and
with the provision of warmer weather
the prospect for crops of all kinds is
excellent.
FRANCE LOST
HEAVILY IN WAR
1,400,000 Men Killed and
600,000 Houses Destroyed.
A despatch from Paris says: -
What is perhaps the first concise and
comprehensive statement of France's
war losses has just been made by Cap-
tain- Andre Tardieu. In describing
what he calls "the balance sheet" ef
France, Capt. Tardieu states that dur-
ing the five years of war 8,000,000 men
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 loaees, Captain
Tardieu states that 600,000 houses
were destroyed, 75,000,000 acres of
arable land laid waste, and 3,000 miles
of railways and 25,090 mile.; of high-
ways destroyed. Mines which produce
ed 55 per cent. of France's total coal
output, were damaged .or desteoyed;
11,500 factories, which before the war
produced 95 per cent. of tho woollen
goods, 90 per cent. of the linen mater-
ial. 70 per cent. of the sugar, and 60
per cent. of the cotton good, were
erippled.
One-third of Franeete ships were
emit by easel s'abrnarines.
NEW AEROPLANE
PLANNED BY FOKKER
Its Outstanding, Feature is Ab.
sense of Connecting
Cables.
A despatch from London ,says: -
"The latest airplane designed by Fok-
ker, the famous Data builder, is en
exhibition in the Schipbol airdrome
here," says a Rotterdam despateh 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 eon -
fleeting wireor cables. The wings
are supported by longitudinal sleep-
ers, which give them the necessary
- strength. They are consequently very
thick -as mueli 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 1712
kilometres an hour (about 1(I61,
mike).
Six Shiploads Shiploads of Sugar
on the Way From Cuba
A despatch from St. Sohn, N.B.,
says: -Six ships laden with sugar,
which will relieve the Dominion'e near
famine in this commodity, are now en
route from Cuba to this port. The
boats were held up in Cuba ber strikes.
More aro to follow them. So great is
the quantity of, sugar to be laid down
here in it few days that the local re-
finery has shartered a portion of the
extensive Government sheds to stove
ite
1