The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

All Parties Favor Gordons Family Allowance Hike Educationists generally hailed] "It is not in accord with the the move--part of government|pre-election promises of both policy to encourage--1ongerjmajor parties, who pledged _al- schooling to improve employ-|lowances up to 18." ment chances of young people.| There was praise, too, for in- But some of them wished the/oome tax measure allowing government had. gone further. {part-time students to deduct tu- University of Toronto Presi-lition fees from their taxable in- dent Claude Bissell said the|comes, The benefit, retroactive budget sidestepped the major|to jan. 1, has hitherto been lim- problems of financial aid to uni-lited to full-time university stud- versities and to graduate uni-jents, It now will apply to part- versty students. time students in high schools, PRAISES EXTENSION ' technical training courses, and The Canadian Home and| Universities. School and Parent - Teacher|ANGRY OVER TAX Federation praised' the. pro-| But house-building and con- posed extension of family al-!struction spokesmen were an- lowances, gry over Mr. Gordon's decision Murray Ross, president of/to stick with the sales tax im- York University in Toronto, gaid|posed last year on building ma- the extension is a start, but|terials--due to double to eight added that such - financial as-|per cent in two weeks and rise sistance should be extended to|to 11 per cent next Jan. 1. measures to strengthen the eco- nomy. SEES DANGER He said Mr. Gordon's decision to aim at a $230,000,000 drop in the budget deficit to $455,000,- 000 in the 1964-65 fiscal year "is dangerous while unemployment is still so high." The six-day budget debate in the Commons was expected to start today, but opposition party leaders have already voiced their criticisms, ranging from Coneesvanve ee ig ge ressed disappointment thatier's verdict: "A budget of re- Mir Gordon Genes not. to follow|treat and recantation," ot the the U.S" lead in chopping per-|description by Creditiste spokes- gonal and corporation tax rates,|man Gilles Gregoire: "Clear But stock market prices Tues-|water--no color, no odor and no day merely continued their re-|flavor." cent pattern of scattered ad-| The budget's biggest an- vances--an indication that the/nouncement was the extension business world hadn't expected|of family allowances, which tax cuts. |now stop at the $8 level when gongs fl raed ian Pese the bg er -- ¥ i bor Con-|children reach their 16th birth-| Mrs. P. J. Glaubitz, presidenticircies were iev " ica: Smten meaditeryiiaeas idiom: It's expected to take ef-lof the, Ontario federation of/Gordon's withdrawal from an- . urer Donald MacDonald, termed|fect Sept. 1, costing $27,000,000 home and school associations,/other decision of last year's it "a lacklustre budget" and de-jnext fiscal year and $43,000,000|said the 17-year limit on the ex- budget--the scheduled increase plored the absence of newlin a full year. tension is a compromise. next Jan. 1 to 20 per cent from OTTAWA (CP) -- Reaction to; finance Minister Gordon's new) budget with its stand-pat policy on taxes has been unanimous on only one point--approval of the grid $10 family allowance stay-at-schoo! students aged 16 and 17, : Beyond that, the policy set out in the Monday. budget Speech has prompted comment as widely divergent as the busi- fess interests or politicians voicing their views. Some business spokesmen ex- 15 ih the) withholding taxes on earnings paid foreign owners of companies in Canada which don't offer a minimum 25-per- cent ownership to Canadian in- vestors. Lawson Glasgow, president of the Investment Dealers' Associ- ation, termed this a beneficial move that would help reaffirm foreign confidence in Canada. Mr. Gordon's budget looked to continued economic buoy- ancy, ¢ombined with revenue boosts built in by last year's budget, to swell his budgetary revenues by 7.9. per cent to $6,- 700,000,000 in 1964-65. Budgetary expenditures are forecast at $7,155,000,000, up 3.8 per cent. On top of the resulting one- third cut in the budgetary defi- cit, the operations of the non- budgetary old age pension fund are expected to switch from a $64,000,000 deficit to a $15,000,- 000 surplus. _ |MAY BE LOSER tA, The pr it of the C di Manufacturers' Association, H. Roy Crabtree, said Mr, Gordon may well be the loser in the long run by his decision not to cut taxes. Lower taxes could very well stimulate the economy, generat- ing even higher revenues and eliminating the deifcit sooner, he said, But his view wasn't unani- mous. George Mooney, presi- dent of the Canadian. Federa- tion of Mayors and Municipali- ties, said the budget policy "bill be a disappointment to wishful tax-cut thinkers and a tonic to those who still believe in economie common sense." The budget announced that the government plans legisla- tion to encourage life insurance companies to invest more of) their funds in Canadian com- mon stocks. Present law limits them to a maximum ceiling of 15 per cent of their investments in stocks, and officials said companies are well below this ceiling. J. T. Bryden, president of North American Life Assurance company, said some companies will buy more stocks if present regulations are relaxed. But prices and yields would remain the major factors in any deci- sion, ISN'T EXCITING David A. Gilbert, national general manager of the Retail Merchants Association of Can- ada, described the budget as un- exciting and unimaginative. "I think it's a source of dis- appointment to a large number} of taxpayers." But he added that such a bud- get could have been expected, because of the report due from THE OSHAWA TIMES, ry Wednerdey, Merch 18, 1964 99 Federal Tax Laws Loopholes Plugged OTTAWA (CP)--A handful of, loopholes and awkward spots ip federal tax laws were tidied up in Monday's budget, including one which allowed older of dath tax. They were among a variety of changes not specifically men- tioned in Finance Minister Gor- don's budget speech, but con- tained in tax-change resolutions that will come up for legislative action in the Commons later in the session. One change in the estate tax act is designed to rule out a complicated device being used by some people to reduce their, estate tax. Officials described the problem this way: A person who normally couldn't get a life insurance policy because of age or sick- ness makes a deal with a life the Carter royal commission on taxation. insurance company to buy an annuity on condition he is given people to create a sizeable estate free ae oe tas oe eee Oe an insurace policy."The com- pay agrees, expe he'll not! live long and won't collect much of the annuity. When the man dies, his life insurance proceeds tax purposes. ESCAPED TAX One official said substantial amounts of money have es- caped tax by this device. 'Under the tax change, effec- tive from Tuesday on insurance policies sold conditional on an- nuity purchases, the taxable es- tate after death will include either the amount paid for the annuity less annuity ri be- fore death, or the amount of life insurance payable, whichever amount is the lesser. Another estate tax change will permit $2,500, instead of the present limit of $1,500, to be paid from the joint bank ac- count of a deceased person with- out the need for a clearance from the revenue department. PRESIDENT'S SPECIALS! STESS LLY TARTS 24-BISC. PKG. HOSTESS 1-LB. BLANCHED CELLO BAG MATO ICE PRESIDENT'S SPECIALS! TREAT YOUR FAMILY TO HEALTH! NOW AT THEIR. VERY BEST! SWEET, JUICY, EASY TO PEEL! 48-FL. OZ. FANCY 85 MEDIUM SIZE bOZ 09 PREMIUM QUALITY! INDIAN RIVER SEEDLESS! WHITE GRAPEFRUIT MELONS 39 TEA ¢ ALL.STORES OPEN THURSDA HONEY... Basccwocees ae GOOD SIZE 12% 4C 0A 6h Oe eee es sie CO © LANCI WHILE THEY LAST EXCEPTIONAL VALUE) Crown Esse€X \mPorTED ENGLISH DINNERWARE PIECE STARTER SET « nly 0 THE BALANCE OF THIS BEAUTIFUL DINNERWARE SET IS AVAILABLE PIECE BY PIECE AT DRASTICALLY REDUCED PRICES! Y SOLO COLOURED OR REGULAR MONARCH JELL-O seuvy pownens..:..10 * KAM oncaeon wear. MARGARINE RK'S SOUP Seedless Navel Oranges CLARK'S BEANS G: VALENCIA CAKE LATES MACARONI or SPAGHETTI BEANS CONDENSED TOMATO or VEGETABLE WITH PORK AND TOMATO SAUCE LOBLAWS KAMBLY CONTINENTAL AYLMER CHOICE GOLDEN CUT AND FRIDAY TILL 9 P.M. ® An income tax change would evy tax, starting this year, on any amounts received by an employer from the winding up pal reorganization of a pension Another change, effective year, would allow the peta department to recapture income tax on am t vious claimed as deductible depress, tion charges in cases taxpayer sells out his ae Ps & partnership, It allows the tule that a part ie ene "reasonable in the circum- stances" shall be considered to be proceeds from the sale of depreciabi saprciable propery ofthe tx WHITBY BOWLING NEWS LEGION SUNDAY NiTERS The Demons outiested the 50 thls week with Ametures the winners with @ ee Melver are three . Av Charlie Skelton 'led. the wiemre win ' 590 iphone Blake Walls tossed. in' # 220, rown and" Roy Mi Q singles for the po ie ys trounced thé si Hotshots 7-0, Jean King and Frenk Elliot were best for the winners, All four players tossed Well for the losers but its @ tough chore, to win when you' are shorthanded, Doug Rowden hed # 654, while Evelyn and Frank Mitchell tossed in 200 singles. hanced Start sac See fers 5-2. Here bows In shame es Ed "yf son and Roy Valiant. F losers Anita Brush end Licyd Hieks 'Stod 200 |singles, while Ed. Brush redeemed a iit u tle by tossing @ 266. Lemon Leaguers were: Ed Brush, 91) Rocky Shearer, 99: Dot Meivor, 92) John Jimme, 94; Giende | Henderson,s7. WHITBY MEN'S LeAcuR (Thursday Section) Points Won: Knights of Columbus, 2; IAM 2 Legion 1) Mi LEGION SUNDAY NIGHTERS The Head Pins knocked off Comes 7-0 with Jean end Kelth ioe he trundies here for the winners. Jean had e td Pag Tossing two 200 games, gin losers was Roy Vallent's were § laced the Amatures 5-2. Roy REG. SIZE PKGS. 12-0Z, TINS 1-LB. PKGS. 10-FL. OZ. TINS 38 66 15-FL. ' OZ. TINS EACH 1-LB. BOX 2-LB. PLIO BAG 39 ai 15-FL. OZ, TINS . [Jack Adaii imports Mustard and Ted Mirouski were here with identical 227 singles, Joh Howard was best for the losers with bend A syd While Dick Ross threw a Henderson wes the losers, Charlie Skel- ton alded the cause with @ 229 single. Hughes Ps vvore Sevan Scan Alderson, 68. 88, and Clare This was the first round of the Players Tournament, Leadi Iflers Anita "Brush, followed ty" Dot Brows hope fo see one of you make the trip to the World Fair and the Cari! bean ctuise. a WHITBY MIXED BOWLING LeAcuUR Team Standings: Sabre Jets 4, Rockets 14, Missers 5, Echoes 12, Poker Chips 8, jpeckers 17, Cadillacs 11, Bowl 19, Whitby Cleaners 4, Hopefuls 7, Headpins 16, Porky's Prides 17, Dirty Six 5, Pipers 12, Neighbors 15, Deadiegs 2. Triples over 600 -- VI Jordan 812 (290) Mickey McMaster 751 (316), Chuck Glib 740 (287), Isobel Mothersill 738 (298), Clare Holter 733 (271), Ward Bick 69? (297), Marty Jordan 689 (254), Sem Peake $83 (263), Don Grant 676 (258), Paul Frank 666 (278), Carl Pascoe 666 (250), Clem 'Hewett 647 (229), Jim Mifflin bakcortd Wotherspoon Sandford 617 (230) wright 603 (287), Millle Peggs 600 (231), Ruth Frank 600 (212). « Singles over 200 -- Jean Handscombe 237, Wayne Stuart 235, Connie Denyer 224, 261, Harold Moore 220, ren Tom Byron 206, Thelma Bemis 07, Har- vey Roberts 204, Roma Childs 201, George Childs 201, Keith Raundry 211, Ron Childs 207, Gerry Hewson 200, Chas Maw, 200, George Jeffreys 213, Ron Robbins 208, ir 200, Clara Rowden 228, Bubbie McMaster 209. WHITBY LADIES BOWLING LEAGUB Points for the day -- Allsorts 2, Gur drops 3, Humbugs 2, Jelly Beans 1, Life Savers 4, ee aaa 0, Maple Buds 0, and Peppermints Triples over $00 -- Elleen Dalby 648, Isabel Mothersill 637, Marion Brooks 625, Alice Hewls 621, Gladys Wiles 610, Beulah 583, Rose Pele 567, Jean. King 548, Marion 537, Ede Walker 526, Dorothy Brandt 507 and Hazel Moore 501, Singles over 200 -- Marg Farquhar 267, Alice Hewls 256, 203, Elleen Dalby 254, 217, Isabel Mothersill 243, 209, Marion Brooks 241, Beulah Sturgess 237, Rose Peleshok 225, 208, Gladys Wiles 225, 215, Alice Bradley 223, Dorothy Brandt 28, Betty Pascoe 215, 01, Florence Moore 214, Jean, King 211, 'Hazel Moore 207, Fran Burtinsky 206, Shirley Hicks 206, Laura Stevenson 206, Bernice Moase 208 and Marlon Redfern 200. SELDOM BRUSHES LONDON (CP) -- The chair man of the dentifrice manufac- turers' section of the London Chamber of Commerce says the average Briton cleans his teeth only two or three times a week. He also says dental disease is one of the most common. of all kinds of ailment. 2}-LB. PKG. 4y° TO DEMOLISH STORE CHICHESTER, England (CP) A grocery store in business hére since before 1665, said to be the oldest in England, is to be pulled down. Essex council engineers have discovered eracks in the building., \