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AMENDMENT SEEKS AMENDMENT sLHA»s ) CHANGES ARE MADE SURTAX ON INCOMES in srcuritiEs ACT EXCEEDING $10,000 gy new LEcisuaton George Shields Explains Scale, at Bill's First Reading QUESTIONS ARE ASKED Introduced by George _ Shields (Cons.. Woxibine). the bill to amend the Assessment Act co as to allow a surtax for incomss of more than $10,-- 000 finally reached the Legislature yesterday, and was given its first read-- ing. The amendment is sought by the City of Toronto, Mayor Stewart hav-- ing opposed the principle. & When Mr. Shislds rose to introduce the bill, several members smilingly inquired: "What is it?" Mr. Shiclds smiled in return. W. E. N. Sinclair. Liberal House Leador, then rose and asked: "Would you minda toiling us what it is about?" and wanted to know if there was anything in it that would affect him. Again a number of the honorable members laughed. ~~ _ __ Mr. Shields----I assumed that the honorable member from Ontario South read the nowspapers. HMe would have seon something about it there. I had hoped that this bill would be leoft over until its socond reading for discussion. but, if it is desired, I can explain it -- He then read the scale, the surtax on incomes from $10,000 to $20,000 being 3 per cent.; $20,000--$30,000, 4 per cent.; $30,000--$40,000, 5 per cent.; $40,000--$50,000, 6 per cent.; $50,000-- $100,000. 7 per cent.; $100.000--$150,-- 000, 8 par cent.; $150,000--8$200,000, 9 per cont.; and $200,000 and over, 10 per cent. "That is the one I am in-- torested in." smiled Mr. Sinclair, as the last amount was road. The House thon agreed with Mr. Shields, and left further discussion over until the second reading of the bill comes up. par es ® <ou. 4 4 * o 4 * o 6 * 6 9 s 6 # ts 6 P "t. 6 6 "o 6 P "ts t P e # s 4.3 Law Seeks Check : On Trial by Jury i Proposed legislation to take away the right of trial by jury in all actions against public bodies was brought before the Ontario Legislature yesterday in a notice of motion by Arthur Ellis (Con-- servative, Ottawa South). Mr. Ellis is seeking an amendment to the Judicature Act, and would have suits for damages tried be-- fore a Judge when they are de-- fonded by a municipal corpora-- tion, board of police commis-- sioners or public utility commis-- sions, such as publicly owned radial lines or hydro. _ « .\..\c.\n.\..\c'\ we ho 6# ts 6 "ts t cz > SEATS ALLOTMENT Companies Law Will Also NOT YET DEBATED Conform With Federal _: smcs« Regulations _ Definite assurance that the "\lauduil _ minunktnrhnium TFCe«] Amendments to the Sccurities Act and to tihe Companies Act vwill b> brought down at the present soszion of the Legislature to bring these ac's morte into uniformity with the Federal regulations, Attorney--General W. H. Price informed the House yestorday in reply to an inquiry of W. E. N. Sinclair, Liberal House Leader. Just now far these amondments would go. he was not prepared to state. "I have had some inquiriecs and I would like to ask if is is the intention to make any amendments to thse Securit'ss Act at the prossnt seision. There is some interest being taken in the matter," said Mr. Sinclair, _ _ "At the Dominion--Provincial con-- ference at Ottawa there was som© discussion as to the working out of th: Securities Act," replied Mr. Price. "T: was thought that, while it might stand fairly well in its principle, it miszht be wise to have more uniform cam-- panies legislation,. so that the Do-- minion anrd various Provincisl act might be brought into greaier uni-- formity, and that the forms returned might be the same, and in this way cut down materially the work of those who look after companies. "There will be some amendments to the Securities Act, but they will de-- pend on how much can be put in the Companies Act. Whether they can all be mad» uniform, I cannot at present say. It depends on what the Federal authorities get ready in time." Maxch L Interest Included as Well as P rincipal, It Is Explained Definitely-- Taxes May Have to Be Paid ; Definite assurance that the| extended -- moratorium _ pro--| posed by the Henry Govern--| ment would include interest on mortgages on homes, and | that the new enactments would be retroactive to Jan. 1, 1933, was given by At-- torney -- General -- Price last night after a three--and--one-- half--hour caucus of Conserva-- tive Cabinet Ministers and members at Queen's Park. Many details of proposed legisla-- tion to amend the Municipal Act as studied by the special Out--of--Session Committee were also debated and ex-- plained by Hon. William Finlayson, the committee's Chairmgn. oo The mooted changes to the Mort-- gagors' and Purchasers' Act will now be combined in the bill by Colonel Price and, he said, suggestions made by several members taken care of in so far as possible. The bill will then reach the House, where a further extended discussion will also take place in Committee of the Whole. "Is the principle of the l« agreed upon?" The Globe asked of Colonei Price. "Oh, yes," he replied, "that was decided by Mr. Henry when he announced the legislation in Decoem-- "Will the amendments include moratorium covering interests on mortgages?" "Yes; that is the in-- tention of the legislation," the At-- torney--General stated. _ _ Asked if taxes would have to be paid by the mortgagor in order that he would benefit by the bill, Colonel he would benefit by the bill, Colonel Price said: "There will be certain carrying charges which would have to be taken care of." The nigh fully attended caucus listened patiently to varied views ex-- pressed by individual members, and, it is understood, many opposed the ; measure, although reluctant to do so ; from a humanitarian point of view. Colonel Price, who is leading the Government in the absence of Premier Henry, stated that the question of re-- distribution was not discussed. A special caucus will be called on Friday : or next Monday when Mr. Henry will : be present to head the debate on this | contentious legislation.