The Ontario Scrapbook Hansard

Ontario Scrapbook Hansard, 8 Mar 1907, p. 2

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was t Are we going to take some mason- able tax from the resources, especially the mining resources, of the Province? . The Government had tried to take. the i tat in . reasonable way. When there is a substantial profit, and then only, does , the Government step In. Some Special Cases- Mr. McDougall thought that the bill placed some of the mines in an awk. ward position, and seemed to work an l injustice. For instance, the Right of _ Way Mining Company paid a cash bonus I of $50,000, and has also to pay 25 per _} cent. on the ulna of the output. The Mr. Labrosse opposed the tax as be- ing calculated to throttle one of the. country's most promising industries. Ho predicted that mining shares would he injuriously affected in consequence. The member recounted the many charges which were already made on the new mining company by means of various fees. It was very well to say that the T. & N. o. Railroad was built for the min, as The fact was that the Government was receiving already full Ireneftt from that road. He wondered, in View -of tho may budget recently stated. why there was any necessity for the tux. Mr. La- hrosse is one of the French-Canadian members of the House, and, though his accent was noticeable. hie speech was well-balanced and delivered in excellent English. Mr. A. G. Maekay said that the Min- ister had quoted The Globe of a year ago. He would quote the Minister as to what he had said a year ago. He had then expressed himself as opposed to a royalty as well as an acreage and MI!" face tax. The miner did not deal as a lumberman, who could see what he had above the ground. The. principle of the bill was. however. along the line that he had suggested a year ago, ond if the Minister was never more than a year be- hind him (Mr. MacKay) he would be a. useful member in this House. There. should. he believed, be some guarantee that the mine had some proven value be, fore the Government stepped in. The weighty saddle should be put on tle heavy horse. The bill should start first. not on profits but with a view to the re- turn of the capital expenditure. If the Minister could check the great over- capitalization he would be doing a genu- ine service to the country. The capital invested should ftrst be taken out before the tax was imposed. In a risky business the capitalist was entitled to this consid- eration. Much had been said about dis- couraging capital. He had found that capital was uncommonly well able to take care of itself. It was an old Biblical doctrine that "Of him to whom much is given much shall be required." Mr. Gamey said the question to-day was t Are we going to take some reason- able tax from the resources, especially the mining resources, of the Province? The Government had tried to take the Hon. Mr. Cochrnne answered in port that the miners and prospectors were now getting far better service for their fees than ever before. Ther were saved the trouble and exnenso of oominsr to Toronto to record their claims. eto, The rates on the T. t- N. o. Railway. he mid, compared favorably with those of any other railway of such comparative Iv short. length. He quof"d from ft, Globe editorial of a year ago. urging a, tax on mines, and asked why thp hon- orable gentleman had not in his paper or on the platform objorted to that, Mr. Labroue'u Views. on one"; million of capitalization it would put a. stop to the wildcatting which was now doing much injury to the mining industry. He contended that the tax would seriously handicap tho mining industry and added that when the Minister of Mines lived in the north. and before being Plooted to the House, he had owned such taxes. , "lifd ted to tSiUtiiliié fix. at WI- 1fl't',i?ltiir. method of binding the no country. A. it was 'e the goauine miner and prospector, owmg to the fees for licenses, a railway fare of 3 1-2 cents per mile on the T. & N. o, Railway, and high telegraph tolls, were taxed enough. If it was necessary to have a tax it should be put on fees for companies. Instead of charging only $100 for the incorporation of tt company with a million of capital $1,000 or even $10,000 should ho charged. If some such proportionate teen were charged Principle of Bill Right. At 6 o'eloek the House idjoumedun- til this afternoon. Mr. Ilislop regarded the proposed tax as a. step in the right direction, and one that. the country demanded. He was not in accord with the proposition in another Clovernmont bill to bonus smelt- ers. refiners and other industries. These. he thought. could he started and run sutvessfully without honusing. Mr. Fay moved the secoan reading of his bill to create the Provisional Judicial histriot of s'udhury. """VJ lluluu,- - NW-"'"""- ----- "e - mines also had to percentages of output. The case yam Cobalt Lake was mentioned. The purchasers _hnd paid handsomely for the property. Noth- ing was said in the advertisement Vall- ing for tenders as to royalty or taxes and that seemed to him like getting people to buy property under mislead- ing conditions. A' Mr. Bisiop Favors the Bill.

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