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

Wm u) l ' It. "e-srlaH, Iniarer, l Increase May Be Made to! Discourage Opening of l, l Any New Tracks I IPART AFFECTS RAILWAYS I l, lion. Dr. J. D. Monteith, Provin- cial Treasurer, introduced in the Legislature yesterday a bill to amend ithe Corporations Tax Act, and pro- lviding among other things for a reduction in the Government tax on - race tracks from $7,500 to $5,000 a day. The measure stipulates that in this regard there shall be no line drawn between mile and half-mile tracks. Provision is made, however. for increasing the tax by Order-in-Court- oil to $10,000 per day to discourage any new tracks opening up, and to iailow the Government. if business iprofits warrant, to increase the tax at any time. Other clauses of the measure pro- vide that the adjusting of the tax on reinsurance shall be done by the companies themselves instead of put- ting "this heavy burden" on the de- partment. The tax will be collected ion total gross premiums and the companies seeking reinsurance will hill the accepting companies for their portion of the tax. Another section of the bill aims to remedy conditions brought about by railway companies carrying on the express business formerly carried on by express companies. The busi- mess ot the Canadian Express Com- pany and the Dominion Express Company has been taken over by the Canadian National Railways and . the Canadian Pacific Railway, re- spectively. so that there is no such - thing as an "express company oper- ;ating over a railway in Ontario." The railway companies carry on ' their own express business. The tax involved amounts to about $60,000 a year. Several other Government meas- ures were given first reading. They will be spoken to at second reading in the House. Bill Provides $100,000 an"; To Banting Research F an A bill providing for the Pro, Ii rial Government to grant {100'0 to the Banting Research 140m???- tion was introddteed in the It,),',',','":-, [tire yesterday afternoon. . Prem fif. , ' _ lained that, in an e Ferguson exp . search work fort to put medical _ ard of a on a Permanent basis upw raised million dollars had been. i . r lvate subscription, am much by Dr . "ovided for the new bill simply Itt ,