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""-VW 3 bye ';'m" f ; i4 Th c'. -TEW' tion of refi in Ontario?" -- f Mr. Rowell ~the measure was*® mt this TiX U Pigoec: he 0,"* on. Mr. Ferguson. The Minister added that the irft':-:ducggg of a bill dealing with that phase of | the problem was under consideration. '"'There may be some measure that -- will dffect that subject," he said. Ferguson Getting Ready, s '"When may we expect a definito" announcement on that point?" asked-- Mr. Rowell. » "To--morrow or the next day, i maybe," said Mr. Ferguson. l' In connection with mining taxa-- _ | tion, it was indicated that the meth-- , | od of ascertaining the annual net ; profits of the companies under the || new legislation is: the same as the L l method in vogue before, a In the new legislation some conces-- ' sions are made to the mining com-- lp:mies, "to help them to swallow the . | tax,"' as one member put it. Instead ,| of. ten per cent., as formerly, the |companies will now be allowed fif-- | teen per cent. for depreciation in plant, machinery, etc.,.while the com-- 'panies will also be entitled to dae-- | duct from the profits all taxes upon | profits payable under acts of Great Britain or the Dominion of Canada. | _ Several of the municipalities in the !mining region are affected by tho new legislation, including Cobalt and | Piminins. The measure limits the Iamount of taxes these municipalities | may collect from the mining com-- panies. | _ The acreage tax is increased from i.l'ive to ten cents per acre.