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7--" V k --- _ .c. _ ""s" ' F" -. I r are, t: . . i-'it-"iv ' ltr'"", 191t - TUESDAY, '4)j'?.i. I,,?',"-",",,',:, ,..,, ,. _ :"IT'tCH, JiBEttAr2ir" .V:. ' . -. . tirrtilj _ . "'. v..' 11,... ::,-1"_, _ HIGHER NICKEL='~~ l Alt _ 4 . T .I ii, r," . ', 5-4 '7 T "m .. ' _ . .' . O . . Contend Provisions of Gov. ' . _,' . '.._' eminent s Bill Not Strong , Enough ----- Mr. Rowell s . . Constructive Suggestions I i . (the liberals in the Legislature; testerday demanded, higher taxation' of the nickel interests than the Gov- ttmmont's bill called for. Mr. Rowell,'g in a, speech full of sound criticisms/ maintained that there 'should be all tax of 5 not cent. on annual net I,':,','," fits up to Si,000.000: 10 per cent. between that and $20,000,000; 15 per cent. between that; and $15,000,000; . and at least 20 new cent. over $15.- OOOJJOU. The gold mines in the ' Transvaal. inn pointed out, paid Htel at that rate right, along. The Liberal! i leader also :uivocmed that every!, ounce of Elekf'l mined in this Pro- vince should. be refined in Ontario or" at least in the British Empire, and the Crovernrumot should commence to get hold of thte nioknl industry by venturing am mmtroliing a refining plant. . Pvemit,, Eiears: thou-gill the report or the Mikel Commission was sub. liciont. alien-e." to, tho Opposition . leader's c-ritir'ism. Five For cent. ways;' the tax which had been recmnmend-l od. and tho (lovermnont had gone! ta rthcrr. 1 . Mr. flux-tiny [lowlrt {Southwest Toronto) (mm-mien rim, for the MEMO" l:ll;'-l7 this International \iclml Company should pay $3.01'2.... . "Oil. Ho vousitlcred tin; would rather 811:3, thu Lint-y ot' the people than the trovernruetlt's l-iii, Milli?" was a piti- l-tblu piwgtg nil Lve:jtsiati,,v. Shortly :tiftir midnigii: (its. Govern- ment's nickri hill Ftlpr' :ivw. .\'~'('Oll\1 reading without (iiVlhlnli. Taxing: Mining Illdlhtl'). in moving tho sax-om} reading of, his bill to Lillian] the mining tus act, lion. G. llouurd ie'erguson said the day was when " "as thought, the mines and the Vitttival resouroes of tits country should in no way be taxed or lot-ted upon L0 contributo towards tilt: Provincial T'r'ttnrte. Even the mining indu'htry tocdis .recognized that it, should 'rror,tvrl.s- bear its share of taxatisor:. T'cr, Ministm' then gave . some interestm: figures regarding will and silvw' produvtion. in 1900 1310 gold r-roriuvtion nus north $297,- \'til and in l'dlt', tho, figure was about t10.00u.tjtso. Ontario in 1916 produc- ul more than half the total gold out- run, of tho, ninth: Dominion. As to the silver mines. i.: 1900 the figures were S'9ti.000: in 1905 about $1,250,- UOO; in 1910 our t),lrs.0i)0.000: in 1916 "bout ,'il2,ti0i),u0rt. This: was equal!) three-fourths oa' the mining tProdu' - lion of the Jilmnitilon. The nickel production. as it." known, "its cotr-, lined entiroi)~ in the? Province of oy, Jario so fur as l'iiilatlii was concerned. l'erhaps tho, outstanding reason for, who rapid drweionmont in the mining' industry Mr: that Ontario's iaxutionl 'tzlcl. been equimhie and stable. - n j hhould Not Btu-den Mining. i, "Ev1ar.vono :ir,:tres." said Mr. Ir'ergu- hon. "than the mining; industry should "Olltl'ibllif' something to the revenues: of the, Pr0\lllt't' and that it shouldl contribute suirsratitiull3. so long asj We do not rvt;trd or burden the mine: itself so as to discourage capital. " is said that the average life of a mine is from eight to um years. A man who purposes investing in a. mine must expect to get the whole of his capital back and a substantial return] on the imostment and risk. it was; nqually important that the rate or. t taxation must be stable. About. y:' per cent. of the capital invested'm7 _------, Ontario mines comes from outside'