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

Feed your baby c CHICK FOCD White Diarrthoeca. lives, but make and fits them to sure you get PRATTS. Pratt Food Co. of Canada, Ltd Thursday, May 23rd, 1929 Live and Grow DPratts 1 Jrive itâ€"and you‘ll know Chrysler performance IS differeni BABY CHICK FOOD What "Carry On" Income would your family have? Chrysler enjoys its universal prestige and popularity because Chrysler is unique among motor cars. There is no other motor car performâ€" ance quite like Chrysler performance â€"so silky in power, so flashing in pickâ€" up, so steady in speed, so untiring to drive, so disciplined in control. This is understandable when you check the list of Chrysler engineering deâ€" velopments included in both the "65" and the ""75"â€"chassis and body features, and combinations of features, to be enjoyed only in Chrysler cars. Chrysler offers, in the final analysis, Five per cent. of the total represents the inâ€" come your family would have to carry on the business of life. Is it enough ? The problem is rather a stunner to most men. That‘s why some of them shrink from facing it. But there is a way out. Talk to one of the recognized representatives of the Mutual Life about income insurance, or write this office. STOCKS, bonds, bank balanceâ€" figure them all up. What is your business worth to your family? What is your real estate equity ? â€"MUTUAL LIFE SULLIVAN NEWTON saves chicks‘ sz and sturdy T oronto CHRYS LE R @ CHRYSLER MOTORS PRODUC District Managers Northland Motor Sales Big Battle in House Against Tax on the "Penny" Stocks House Rejects Amendment Moved by Conservatives. Mac Lang, M.P. for Temiskaming South Makes Strong Speech Against Taxation of the Lowerâ€"Priced Mining Stocks. The people of Timmins and district are very heavily interested in the tax on mining stocks. In reference to this, despatches from Ottawa last week dealt with the matter, and there seemâ€" ed to be about unanimous opinion that the proposed tax would prove too high. The discussion in the House is reported as follows by The Ottawa Journal:â€" The new tax on sale of shares of stocks again received the endorsation of the House of Commons on Thursâ€" day. By a vote of 96 to 58 the House defeated the amendment moved by Timmins, Ontario something more <than just a motor carâ€" a delightful new phase, a thrilling new experience, in motoring performance. You can pay more and still not equal the performance or the intrinsic value that Chrysler "65" and "75" both give you at their remarkably moderate prices. Ask any Chrysler dealer for a demonâ€" stration and learn the difference. CHRYSLER "65‘â€"Business Coupe, $§1325; 2â€"Door Sedan, $1360; 4â€"Door Sedan, $1460. (Three other bouy styles to $1460.) CHRYSLER 75‘ â€"Royal Sedan, $1985; Coupe (with rumble seat), 51985; Roadster (with rumble seat), $§2010. (Sixz other body styles to §$3050.) Wire wheels extro. All prices f.0.b. Windsor, Ontario, including standard factory equipment (freight and taxes extra). 502 The leader of the Opposition moved that the resolution be submitted to a committe of the whole with instrucâ€" ‘ tions to strike out section four, which i deals with the tax on stock transfers. Snpeaking briefly to his amendment, Mr. Bennett recalled that the existing tax on the transfer of shares had come into force in 1920, and was in effect a war measure. Now that the Minister of Finance had indicated that he had a substantial surplus, the continuation and incrsease of this tax was unjust, inequitable and unfair. Hon. R. B. Bennett, Conservative leadâ€" er. The amendment would have had the effect of leaving the tax as at present. Again Mac Lang, M.P. for Temisâ€" kaming South, voted against the Govâ€" ernment on this matter. Following the division the resolutions received the second reading and a bill based on them received its first readâ€" ing. It was a tax essentially imposed on the products of provincial resources. The Dominion obtained income tax from provincial companies, and this tax should be left wholly available to the provinces. Hon. J. A. Robb, Minister of Finance, said there was never a time in recent years when so much speculation had taken place on the exchanges throughâ€" out the country than had been witnessâ€" ed during the past year. He submitted there was a general feeling that the national treasury should profit by this speculation. If men decided to gamâ€" ble on the market and risk their money. there was no reason why they should not assist the national treasury. Mining stocks only represented a small proportion of the revenue derived from this taxation, which the Opposiâ€" tion proposed to wipe out. The total tax collected by the Dominion Treasâ€" ury on all shares for 1926â€"27, amounted to $282,536. In 1927â€"28, this amount reached $615,354. The proportion deâ€" rived from the mining exchanges, parâ€" ticularly Vancouver, was small. In 1926â€"27, the revenue derived from the Vancouver Mining Exchange was $1,â€" 672, and in 1927â€"28 the amount was $7,â€" 263. The amount derived from the Toâ€" ronto Standard Mining Exchange durâ€" ing 1926â€"27 was $47,393 and in 1927â€"28, the amount was $121,114. The revenuse derived in 1927â€"28 from the Montreal Stock Market was $280,061, and from the Toronto Stock Market for the same vyear, $113,756. Mr, Bennétt interjected that the provinces were imposing taxes on these stock transactions, and therefore the Dominion should not duplicate this tax, but should leave this field of taxation entirely to the provinces. THE PORCUPINE ADVANCE, TTIMMINS, ONTARIO Hon. H. K. Stevens (Conservative, Vancouver Centre) declared the Minâ€" ister of Finance was not mesting the case. Mr. Robb was repeating a stamp tax passed as a war measure and subâ€" stituting therefore a "very onerous tax." Mr. Robb said that under the proâ€" posed amendment the sale of 1,000 shares of mining stock at 50 cents a share, would only carry with it a taxaâ€" tion of $1.00. He thought this was fair. "This tax will prove a serious blow to the mining industry of Canada," Mr. Stevens said. The Minister of Finance and the Government had refused this year to assist technical education or the extension of Canada‘s good roads system. In British Columbia, Maniâ€" toba, Ontario, and practically all of the provinces, the highways were being built by the provincial governments and those provincial governments were being called upon to spend thousands of dollars on new roads for mining disâ€" tricts. â€" Many of the highâ€"priced stocks toâ€" day were the lowâ€"priced stocks in years gone by, and the proposed tax would take from the mining industry an opâ€" portunity to secure capital and carry on operations. What the Minister of finance proposed to do, Mr. Stevens thought, was to impose this onerous tax, reduce or wipe it out next year, and then go to the country during the election campaign and tell the people as he had done before, how he had reâ€" duced taxation. Mr. Lang pointed out that the Briâ€" tish Columbia mining industry had been built up through the sale of the chsaper stocks. "Don‘t you think this is good poliâ€" tics?" S. W. Jacobs (Liberal, Cartier) interjected. "I think it is rotten politics," Mr Stevens replied. Mr. Robb had increased the sales tax from three per cent. to four per cent. and then up as high as six per cent. After the minister had increased it as high as six per cent., Mr. Stevens conâ€" tinued, Mr. Robb proceeded to graduâ€" ally reduce this tax and tell the counâ€" try that he was reducing taxation, alâ€" though, the Minister himself, had inâ€" creased it. The spread proposed by the Minister of Finance as between the taxation of high and low priced stocks, was altogether out of proportion. Advocating an ad valerem tax sysâ€" tem, and declaring that the small stock carried the burden of the heavier pricâ€" ed investments under the system sugâ€" gested by the Minister of Finance. Malcolm Lang (Liberal, Temiskaming Ssouth) declared that he could not find justification in any of the arguments put forward by Mr. Robb. Mr. Lang showed by calculating upâ€" on the basis of a single day‘s turnover of the exchange of the proportion of tax paid by the lowâ€"priced shares was considerably higher than that paid by the more expensive stocks. "There is not a vestige of fairness to anyone in a system such as that," Mr. Lang asserted. Mr. Robb had explained that the naâ€" tion had a right to tax speculation. That was not so. Such a policy would only hurt the mining industry in its primary stages; injure the prospector who gambled his small wealth and his life in an effort to discover new minerâ€" al fields; and discourage the investor who was willing to "take a chance" on an unproven property. It was only through this soâ€"called speculation that Canada‘s development had been made possible. ‘The Minister had quoted several mining authorities the other night as being favourable to his new proposal, but Mr. Lang contended that the quoâ€" tations used had not been apropos of the new taxation, but of something enâ€" tirely dGdifferent. Authorities in the mining industry were entirely opposed to the new tax. It was not fair to imâ€" pose a higher tax on the lowâ€"priced shares, thus handicapping the investor of restricted funds, while lightening the taxation upon the higherâ€"priced shares and upon those with extensive financial resources. Sir George Perley (Conservativeâ€" ns mm e mm n smm mm dn ts n + mm under the existing act, was $20, Uunder the proposals of the Minister of Finâ€" ance, this would have been $800, he said. "Can it be possible that the Minister of Finance wishes to increase the taxes on mining stocks 4,000 per cent?" ; The new tax would force mining companies being promoted in British Columbia to do their financing at Spokane, or some other United States‘ point. The tax of oneâ€"tenth of a cent would make the shares of many comâ€" panriecs in the promotion stage absoluteâ€" ly unmarketable. It would result in the ordinary trading in stock being transferred from Vancouver to Spokâ€" ane, and while that would be unforâ€" tunate, he was even more concerned with the difficulty in promoting comâ€" panies to develop the mineral resources of British Columbia which the new tax would cause. Argenteuil) said if Mr. Bennet‘s amendâ€" ment was accepted, it would leave the present tax in force. He urged that this be done in order to give time for more mature consideration than had evidently been given by the Minister of Finance in his proposed tax. The resources of Canada would have to be developed by men who were prepared to take chances. They should be enâ€" vouraged. "That is just what it is going to do," said Dr. Manion. The Minister had made some reference to gambling, but gambl ing could not be stopped. If people did not gamble on the mines, they would do so on horse races, and for his part he would rather see them speculate on the mines. The old tax was more equitable than the new one. The chief comâ€" plaint against the new one was that it was unfair. It had been shown that it imposed a $30 tax on a $54,000 investâ€" ment in Noranda, and a $10 tax on $1,â€" 020 investment in Kirkland Lake. This was an unfair method of taking money from the pockets of the people. The member for Kootenay West (Mr. Esling) had pointed out that $1,000 inâ€" l vestment on two shares of Smelters was taxed eight cents, but if the same ] $1,000 was invested in a five cent stock, the tax would be $20. The expensive l shares were bought by the wealthy peoâ€" ple, and the soâ€"called penny stocks by ’the small people who could afford a | little "flier." The whole effect of this tax would be to hit the small man, for the poor citizen could not afford any $500 stocks. Yet it was he, investing in lowâ€"priced issues, who financed new | mines. â€" Some were profitable, others | were not they could not all be so. General J. A. Clark (Conservativeâ€"â€" Vancouver Burrard) produced one day‘s sales sheet from the Vancouver Stock Exchange. It had on it the tax collectable on each transacton under the present law, as well as what the tax would have been had the new law been in effect. Whereas the total tax under the existing act the proposals of the I ance, this would hav The proposed tax of a third of one cent on shares of a value between $1 and $3, and of a quarter of a cent on shares of the value of between 50 cents and $1, could not ruin the mining inâ€" dustry, Col. Ralston thought. Nor could a tax of a tenth of a cent a share on stock of a value of 50 cents and under do any great harm. Where shares were as low as 1â€"16 of a cent, the tax was admittedly stiff. ‘He considered howâ€" ever, that such lowâ€"priced holdings were rare, and that interference with their sales would not hamper mining development greatly. He was not much impressed with any threat that mining promotion would be discouraged by the proposed taxation. Canadians could take care of the development of their own natural resources. Hon. R. 2. Manion (Conservativeâ€" Fort William) protested against what he termed the inequity of the tax. Mr. Jacobs interjected that more money had been lost in the Northern Ontario mining ventures, than had ever been taken out of them. Dr. Manion asked if Mr. Jacobs meant that this tax would stop mining. Mr. Jacobs replied: ‘"Yes, to a certain extent." D. Spence (Conservative, Toronto Parkdale), declared himself opposed t this taxation whether upon the penn stocks or otherwise. It was simply an other way of interfering with business it was a nuisance tax; it was establish ing a vicious principle, Some nuisant taxes had already been abolished, an: he thought it was the intention of th Government to eliminate them all. Th present Government would go down a the "gold digging" Government. It wa taking money out of the pockets of th pecple, throwing it into a great melting pot, and wasting it. At the same time the Government was making the peopl believe it was reducing taxstion. J. Earl Lawson, (Conservative, West York), asked the Minister of National Defence if his suggestion that the comâ€" panies with lower priced stocks should be reâ€"organized, could be made to apply to the 100 or more mining companies, g with business; it was establishâ€" Some nuisance i abolished, and | intention of the | te them all. The | ould go down as | rnment. It was e pockets of the a great melting $20, under ‘, Toront opposed the peni simply a that it that it investâ€" on $1,.â€" whose shares sold under one dollar. Col. Ralston replied that his reference was to those which according to Genâ€" eral Clark, sold at oneâ€"sixteenth of a cent. He suggested that the par value should be issued in larger denominaâ€" tions. It was the 50 cent stock and not the dollar stock that was complained of. What stocks, he asked, of bona fide companies, were selling under 50 cents? Mr. Lawson said he could give him a list of many stocks. ter a Y oun of debate. Dr. Young‘s protest was u; held by the Deputy Speaker. J. F. Pouliot (Liberal, Temiscouata declared tha should also be happsned in that the pron GUl New York World:â€""Jails, hospitals, reformatories, asylums are necessary in the community, but the iess the need of them the better. Every agency of intelligent guidance that will help young citizens in their formative years to grow up physically sound and mentâ€" ally clean is deserving of support, toâ€" day and every day of the yvear." M anothe r. Robb reiterated tax was fair and tion was then put. ~ hon Better Automobiles Are Built â€" McLaughlin â€" Buick Will Build Them BAINK OF MONTREAL “A Banl\wherc small accounts are welcome” ]fz%pearance;-fizperfirmanw Jn [w(zzrvz/,ana' inVYalue SERVICE FOR ALL ceeding to ask the min question when Dr. A. . ral, Saskatoon), protest as a violation of the ru the seller of these stock: considered. It had ofter his part of the countm 1 or every class of account business or personal . farmin or commerci:;l-t}ae facilities are provided in the Bank of Montreal The service of this Bank is adaptcd to all , and the quality of that service is the same wherever and whenever it is rendered AKE the test that thousands have alâ€" ready made! Drive this great 1929 McLaughlinâ€"Buickâ€"uphill, down dale, in traffic or on the straightaway! Compare it with any other car in the world . . for performance, for comfort, for beauty ! The results will prove to you . . as they have to those other thousands . . that there is literally no other car like McLaughlinâ€" Buick. For no other car, at any price, can give you the astonishing combination of quality features offered by the 1929 Mcâ€" Laughlinâ€"Buick such as Valveâ€"inâ€"head enâ€" gine, triple sealed . . exclusive system of synchronized springs and Lovejoy Shock Absorbers . . torqueâ€"tube drive . . sealed chassis. That is why McLaughlinâ€"Buick sales are more than double those of the closest competitor, at or above its price. Come in ! See and drive this car which has revolutionized performance and beauty standards. M1gâ€"5â€"29C Marshallâ€"Ecclestone, Ltd. Timmins, Ont. ated his beli ind equitable put. We shan ]ae Pleased to have you consult with our nearest branch manager of minin J COompanâ€" hing more Established 1817 ho it napt Creckp,, TrHaAt‘s the way Rice Krispies sound when you pour on milk or cream. The crispiest cereal ever made! Rice Krispies are toasted vice grains. Goldenâ€"brown. Delicious for breakfast, lunch or supper. Add fruits or honey for an extra treat. Your grocer has Rics Krispies. Ovenâ€"fresh in the redâ€"andâ€"green package. tario KRPISPES