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Tory Debt Legacy Forces New Levy, . Claims J.J. Glass Proposed Income Tax- ation Said Scientific and Equitable ms hour and a. half speech. it was reported. was Liberal strategy. design- " to - the tax debate over to My. On that day the Govern- ment hopes to have the Premier back J. GLASS, Toronto J Liberal M.P.P.,pound- . ed at the Conservative benches in yesterday's Legislature with the state- ment that juggled Con.- aervative finance of past years was forcing the Hep- bury Government to pass an income tax. Menu-cut Strategy Seen. tad ready to carry tho tight to the mutton. Announcing that a night session will be My called on Monday. Acting PNettier Harry Nixon adjourned the House at 4.30. Before the adjournment. Mr. Glass had hid down a bombardment of "mace figures. showing Mason and 1m Government debt increases. An We tax, said the member. was the proper means to levy the revenue the Wm must hare to get ahead ot "We are going to pay all current expenditures out of current revenue--- unless this vaince goes bankrupt. and we are unable to do it," he told the House. The last phrase set Opposition and Garment. benches in laughing up- "Should it not, be the aim ot Gov- mu," asked Mr. Glass. "to create nan-plus to pay oft some of the debt? an: income tax is the moat scientiN mas of taxation. Only those who an able to pay the tax are assessed. This tax will not hurt the interests of Once the Toronto M.P.P.'s enthusi- an was too much for him. "Orgies of Spending." "Why this taxation?" queried the Toronto member. "I'll tell you why this taxation. We were left with a The Bepburn Government, Mr. Glass submitted. was working its way out of a morass of juggled budgeting and "orgies or spending" ot past my of debt, with a legacy of deficits. that had to be taken care of J. to preserve the honor of the Prov- more." Mr. Glass said that the Govern- ment would in time arrive at a paint where it could peg the debt. Credit would improve and permit profitable refunding and eventually a surplus would permit debt reduction. "That's the goal." he said. "this Government. is heading for." Conservative crossfire held up the speaker repeatedly. Arthur Ellis of Ottawa, repeated the persistent Op- position request for the figures on debt increase under the Hepburn Government. Mr. Glass told him It would come at the proper time. "and you won't like it and the public Will." "The last people who talked about bribery in highway work are taeinar a blackmail charge at. St. Thomas." he said. Former Premier Henry. said Mr. Glass. "never had a surplus. and dur- ing that time carried on the most extravagant government in the his- tory of this Province." A Liberal speaker on Thursday told the Opposition wha, the funded debt. was " ot Dee, " Mr. Nixon broke "Do you want it as of last night?" asked the Acting Premier 773m. no." said Mr. Challies. They had signs in my riding saying 'Grits at wore-not Men at, work.' " Mr. Glass ended up with an item- 1nd record of Hepburn Government economies beginning with the redue- tion of Ministers' salaries and the sale of Ministers' automobiles and ending up with the famed "yacht on Tim: mini." Five Minutes later Hon. George Challies In the Opposition, demanded and received withdrawal of a state- ment from Mr. Glass on highway work prior to the 1934 election. No Conservative could get a job after the election. added Mr. Challies. Leopold Macaulay. Highways Min.. ister when Henry Walker was. chief witness at the hearings ot the highway chants of 1934, broke into the debate. "The work had ended," explained Minister ot Highways T. B. McQues- ten. __ Ribruar, Mir BUSINESS TAX Til BE Illlill1ll)llllill 1 UNDER NEW MT Toronto Borrowing Power 2 Amended Upward Complementary legislation to the Ontario Income Tax Bill was Intro- duced in the Legislature ye.terday by Ron. David A. Croll. Minister ot Welfare. The City of Toronto is empowered to borrow up to 12 per cent. on the first $200,000,000 of assessment and up to 8 per cent. on any over that The new bill provides amendments to the Ontario Municipal Acts. High- lights: The Province will make a. refund of the amount. ot business tax collected' from persons also paying income tax. The Treasury will reimburse munici- palities for their losses involved in, the aboliuon of the municipal income; Voters in municipalities wooed under the change. may secure a certificate Clerk of the municipality ' entitle him to cast a ballot. Individuals. not to corporations. On Monday the Government wyii bring in another measure dealing with munitilitiws that have not, levied an income tax. The refund of business assessmengs is 1n keeping with the provisions under the Assessment Act, whereby only that portion ot their income in excess ot the business assessment was tax-able under the municipal income taxation laws. Repeated fears had been expressed by Toronto civic officials that their borrowing powers would be slashed under the new income tax legislation. Ever since 1889 Toronto has been limited in the issuing of debentures up to 12% per cent. of the that 'loo,- 000.000 of its assessment. Pius 6 per cent. over that amount. 'The new provisicns place the city practically in the same position. The act stipulates that business; seam-ems will be returned only to: are pro- A citizen from the which will