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Lethbridge Herald Newspaper Archives

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Lethbridge Daily Herald (Newspaper) - April 30, 1918, Lethbridge, Alberta TUESDAY, APRIL 30, 1918 THE LKTHBRIDOE. DAILY HERALD PAGE FIVE NCREASED AXESAR BY A. K. M' OUawii, April -.'.0.-Uou. A. K. Mac-=I>enn, acting mliilater of tinancp, in the presence of a croivdoii (.hamber uud galierl^a preHented the annual budget statement in the commons today. In opening, he aald it was but fit and proper tJiat lie should give ex-prBHSlon tu the profound nnrt sincere legret of parliament that Sir Thomas "White, minister of finance, was unable to deliver the annual budget by reason of an enforced and lengthy ab-.once from official duties. Regardless of party dlBttnettons, he said, and the .Inevitable differenceB' of opinion that m^t prevail regarding the flnan- I' 1 CROWNJRAND CX)RNSSYRUP I Braid initead of butter. -OB , Pudding* .and Bi�ao M*ar-est and pcn.sion j>aymGnt8 at'ti-ibutablo to ""war and covering the entire war period approximately about .$7r),000,000. Mr. Maclean then statHd that the net debt of Canada which bcfoio the war stood at about $3;i6,000,00i) has now passed tlio billion . dollar niurk and when tlie accounts for the past fiscal year aie closed it will rcacli approximately $1,200,000,000. The increase, lie paid, is altnost entirely attributable to war expenditures. New Taxes Coming to the question of tnxiition. 3Ir. MacLoan referred to the fact that a tax had been placed upon one half of the net carnlngrs of tho C. P. It. upon whicli a revenue: of $7,000,000 maj' be expected. An additiional tax had also boon planed upon the packing industry. The business profits war tax is not applicable to this calendar year unless clause three of the act i.s revised. This the government proposes, to do. It Is also proposed to amend clause five of theact, which limits the business to be faxed to those employ, ing capital to the amount of ifiJO.OOO and over. The amendments will provWo that businesses employing ^capital of $25,-000 and $50,000 shall be subject to taxation, but at a lower rate. The rate of taxation shall be 25 per cent, of the amount by which the prof!t.s exceed 10 per cent., the rate being applicable alike to Incorporated compa^iles^^nl stated amounts of capital. Income Tax Raised important amendments to the income tax act a�'e proposed. The exemptions in the ca^B of unmarried persons is to be reduced from $1500 to $1000 and fpr married persons troij) $3,000 to $2,000 the rate to be two per cent from $1,000 and up to $1500 in the case of unmarried persons and widows and qther widowers without dependent children and two per cent, from $2,000 and up to .?3,000 iu the case of all other persons. Tlitv^ires-ent super-tax is to be continued as at present up to incomes of $50,000, at which point a new classification and rate is proposed and which 'is as follows: Proip $50,000 and up to 575,000, .15 per sent. From $75,000 and up to $100,000, 20 per cent. From $100,000 and up to $200,000, 25 per cent: From $200,000 and up to $400,000, 30 per cent. Prom $400,000 and up to $600,000, 35 per cent. \ Prom $000,000 and up to $800,000, 40 jjer cent. From $800,000 and up to $1,000,000, 45 per cent. Ail over $1,000,000, 50 pef cent. A Surtax In addition to tlve normal fax and super-tax, it is proposed, (^uring the war, to enact a^^war surtax assessable up to and Inclusive of the .calendar year-the war ends-tax payable as follow.s : On incomes from $6,000 to $10,000. five per cent; on incomes\in excess of $10,000 and not exceedink ?100,000 te.i per cent; on incomes in excess of $100,000 and not exceeding $200,000, twenty five per cent. ^ the last session of parliament the minister of finance^ was strongly urged to provide an exemption for each child, in the family, of a married person liable under the Income Tax Act. During the recess and before he left Ottawa in January last, he had given careful consideration to these representations and ho concluded that some exemption in BucU cases should be made. So an amendment to the act .Is to be submitted providing for an exemption of $200 for pach child, u*der 16 years. This amendment is not retroactive and is not applicable to the Income tax payable for the year 1917. TliC corp6ration income tax now four per cent is to be increased to six per cent. Other minor amendments are proposed but w|ll not be made public at this time.' ' � ^ "We propose to increase the excise dutiea payable on manufactured fobac-co from 10 cents to 20 cents a pound; on cigars from $5 to $6 a thousand; on cigarettes from $3 to $6 a thousand ; on torelcn raw leaf tobacco trim 28 cents to 40 cents a pound; on foreign raw leaf tobacco, stemmed, from 42 cents to 60, cents a pound. We also propose to establish an excise duty of five cents a pound on raw leaf tobacco grown in Canada, all owiug the Canadian grower a sufficient .quantity for his own use without, paym^ent of duty thereoh. We also/deein it expedient to place a customs tax ot 10 cents a pound on tea. The principal change in the taza' tion upon coffee relates to green cof fee. The customs tariff upon green celfee, la Brlt>'ah pj^jeferentlal: mriff, 2 1-4' cents a pound, and general tariff, three'cents a'poui^d. ..... Amoe Sage, injured at'Brantford, at the Malleable fron Works, dfcd as a result 6f his Injuries, i It l!( a general fnimxy-ii.inn aiiiuiiK i.heatrc-jroora that^ lln.^ Ia?lii(,ii ot playi moves ill cycl6.'s, and ihis jk (liiiil)tl?sH true. ,ri(�t now, coJiiijilii'.s uiul plays in ft llgliter.vein woulil .'�iiPiii to bi-> in liigheai i'avor, and it "-an lie .-^aid Dial. "A Tvlttio Bit OI(l-KiHliii)iwii, " in wiilch .May Hobson will iniprji' at Majestic on Tiieaday and U'l-Uiu^day next, May-7th and stii, rouL-iin-s in t)io fullMl dogroc all rii'iwiiiH i;s-t lior nuliant ^mr.soiialii.i. AT THE onrimm) How a mysterioiiH man, cnRt ashore by the waves, Pxcrc),s".s ))i,s Inriunnco ovpr a-girl he hasi never ,sf<'n befon', makes iier, believe she has married him. and-then leaves ho.i-, is tdlit iu Williani Fox's new iilinloiilay production, "TUo ITnweicoiiK' .Mother.' Walter Law. a new filiO Kfant, j)lays tlie imrt o" Mason, the saildr, in iliis tilni which features an all-star cast. At the Oiphcum tonight. AT STAKLAND Nine bunch'es of viiilol." at fivo diil-lars a hundr(*l-these for diplomatic reasons to her teatliers at kc.Ik;oI; a small second-hand roadster; iiumboi-loss extra tire.s; to .'.a.v nothing of sodas, silk iinder'.ve.i f. candy and other neceasit^ies of )ife-all of these make large and extensive holes in al- lowances a;i Marguerite Clark, ns I'.al) in "liab's niirKlur," find.s out. lial) and her friends will ali[�;ar lonlirhi at .Slarland for the. last time. When David Oraliam I'lyllips wrole Mis best seller of tlie year, "Tlie lliingry Heart." if h(^ lind kiioun he ira.s goliiK to write it for .Vli.ss l'aii!i/ie Fre'dcrict, ho eoiild not have (�oiin' nearer a real character for which .Miss Frederick is peculiarly fitted. Mii^l stoi;ics end with tlie, plirasc, ".Xnd tliey liver! liajipily eve^ al'terwaivl." Tills iiHrrticular stor.v . bngins nil.li Courtney and itlclmrd \'aiiB!iaii jiisl returnliiK from flu^lr lioiieyinoon hi Ills oj'd aneesiral liLinie, .Miss Freder-iek lake:( the part of Covivlnsy \'au-Bliiui and ilu; dovelopmeiit of the wife's efforts to win and niainliiin lie-r Inisliaiul's respect and lovo during a series of unfortunate inisunderptandlngs causes the, photoplay to sliow .some of the best worl: of .Miss V'rt;dcriek'.^ already reniavk-alilo career. At Slarland Wednesday and Thur.sday. Il THE S. O. E. BENEFIT FUND FOB REtUBNED SOLDIERS THE LAST [�For the Season Will be Held in ' the S. 0. E. Large Hall LAST TIMES TONIGHT MARGUERITE CLARK IN Bab s Burglar IF YOU MISS THIS TREAT YOU WILL MAKE A MISTAKE. May Under the Au.spices of the S. O. E. and D. & M. of Kngland. Two Specjal Prizes Will Be Given for Hidden Numbers. Admission - 50c MR. NEEDS WILL. PLAY WEDNESDAY AND THURSDAY PARAMOUNT PICTURES PRESENT Pauline Frederick IN The 'Hungry Heart Also LONESOME LUKE IN 1,UKE'S WILD WOMEN" A TWO fiEEL SCREAM ' MAJESTIC TWO NIGHTS STARTING Tues., May 7 Augustus Pitou, Inc., Presents America's Forsmost Comedienne MAY ROBSON -IN- A LITTLE BIT OLD FASHIONED A MELODRAMATIC FARCE l',v AX.VA XICHOLR A Blend of My.stery. Love, Laughter. Best up-to-lhe-niinute play of the .season, overflowing with liumor and keen dialogue. Filled Willi rapid action. pRTciiT'" ' $1.50, $1.00, 75c, 50r; Seats 4n Sale All Day Saturday at Box Office. MAIL ORDERS ,NOW This Is NOT a Motion Picture. MAJESTir JL V J& ONE NIGHT ONLY Next, Mon., May 6 MELVILLE B. RAYMOND Presents ' fTGAA - NOTHING " BUT THE TRUTH By James Montgomery from the nova of Frederick Isham. WITH THE ORIGINAL NEW YORK CAST AND PRODUCTION. THIS IS NOT A MOTION PICTURE Prices $1.50, $1.00, .75, .5C /Seats on Sale All Day Saturday al Box Office. MAIL ORDERS NOW. '----^------^----^ A Sunday Concert j WILL BE GIVEN BY MISS O'HARA UNDER THE AUSPICES OF THE G.W.V.A., ASSISTED BY MEMBERS AND FRIENDS On SUNDA F, MAY 5th AT THE EMPRESS THEATRE DOORS NOT OPEN TILL 8.45 P.M. ADMISSION FREE A SILVER COLLECTION WILCBE ACCEPTED AT THE DOOR BY ^EMBER OF THE ASSOCIATION. pPH \/ TONIGHT &. TOMORROW. PRICES 10c-20g WALTER LAW in "The Unwelcome Mother'' A Wm. Fox All Star Production. A new photoplay with an interesting prob. tern behind it. Should a man sacrifice his wife's love or his children's? Also a 2-Reel L-KQ Komedy. 19 ?0527305 03 ;