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

eC * --___._.___----___.W MaArcek at s profits made --by wealthy refining ; f f and distributing oil companies, ? :: 'l"';'": m?ey on building loans |'offer this House my considered opln-' S Dekker. is the interest. That, Mr. lon that these money--making com-- ug:' o:';'h' h e sure road to a solu-- panies are in a better position to Country* e housing problem in this absorb a part of this increase than CY« is the Province of Ontario to refrain Better Place to Live In. f from callecting the extra tax. "I believe, as a result of this Encouragement to Builders. year's operations, the province is | __"A general= survey of this my | ?: tw(m:-)l,\ ritc:e;;"b"'- a better place fifth Budget presentation indicates way of thinki ve. Ontario, to my clearly that there has been no devia-- few jurisdi ing, is one of the very tion from the policy of giving urisdictions which employ a greater and greater assistance t«the r k s A!nunicipalit'fes and joining with th.em Zh':g;: iift:\i?r::tb:::::::sm:ga?::t R in their sincere efforts to bring .ordinary revenues. All too frequent-- about a reduction in the taxation on 'ly imprudent financiers, Instead of real property, in order that some ray reporting a true stale' of afiaits of hope and encouragement may be have charged relief and other simi-- | given to home owners and some lar expenditures to the debt struc-- inducement as well to those who| _ ture, which items under careful would be prospective builders. The | analysis do not show any corre-- : | building industry probably has more spofiding asset, but rather conceal + to do with the problem of unemploy-- capitalized losses. I need only go f ment among skilled workers, the back to the period prior to 1934, at consumption of raw material, the which time our predecessors were general stimulation of the wheels burdening future generations of of commerce, than any other case this province with the amount of that might be cited or illustrated. relief expenditures and plowing Prior to 1934 the building trades back into the debt structure deficit were in a state of stagnation, but after deficit. This government now after a careful perusal of this presents for the consideration of Budget presentation, indicating as I this House a true and accurate pic-- | f ture of all financial transactions of * \ have a reduction over a period of the fiscal year which ends tomor-- the last few years in the funded row. debts of the municipalities and in "The province is richer, its credit , direct municipal taxation, there is is higher, the burden of taxation on no doubt that individuals and capi-- real estate is being continuously tal will be seized with the desire to lightened, responsibilities are being do the thing which we hope to en-- met frankly and fearlessly, confi-- courage by the policies to which M dence is being strengthened, and a | have alluded. sound foundation is peing laid to \ _"While some may 'be critical of safeguard the destinies of those 'the increase in gasoline tax, at the noble men and women--our {fellow-- same time in all fairness such indi-- citizens--who constitute the popu-- viduals should not be unmindful of Ianon.ot"this our great Province of former tax reductions in motor and Ontario. | truck license fees, the abolition of | the amusements tax, the school chil-- | dren's examination tax and the wine | tax, not forgetting the several benet: p C C .I fits to which I have referred wit + respect to. increased subsidies for r'vy ounci | township roads, the total assump-- tion of the cost of provincial high-- To Get RequeSf ' ways, the cost now being borne with Phior to th i t p respect to old--age pensions and wiier l;e?) e Oge'(\im!: odd re-- ' mothers' allowances. This year alone _ tl d DP \tl;n SO ltl ge E .rc;ss i n aive mntrihuliont ;'J(')g%o(')"y .;:::r;'::' inlgrm:da{;xoat Fogrlrsnii of a direct subsidy o ,00, 10 i 8 1 be paid by the provincial treasury ?i';knfloxlkfidgel:lhentlro(fielt'si_%esc':l[u- to the municipalities, coupled with + ngbfl'"e" he ra y arlia-- the two million dollars which is the ment to mo Tlgech e wealth and 'minimum estimate of the amount manrt)ov\frer 0o 5; dg:da in lthe ' required to take care of indigent cfzven gnwa_r. aA en received tubercular patients, tnlt:'ls rf'nore lh;n rtl)\mlette?'"far.om K. 3. Lemaire the amount estimate rom <the i E. J, Le s gasoline tax increase and provides a iderkt;:f tth;'hpl'l\'.\' (l:Otl;nCl!.usa_.\l'I corresponding reduction in direct i:'ngmedi:tely eb prgiz :ghotnto v:l:w | taxation. attention of council," was read "I pause now to ask any member to the crowded House by the of the House whether he would Speaker. It was addressed to recommend that as treasurer of s Major Alex. Lewis, clerk of the this province I should strike these Assembly. two items from our estimates of expenditures and saddle, as a con-- ; |scquence. that additional burden on those who pay realty taxes. I, say the answer is no, and I doubt 4 if any public--spirited motorist, fully informed of this whole situation, i« would suggest for a moment that ' |to save him this increase in gaso-- line tax the province should with» | hold these benefits from the munici-- palities and the overburdened own-- er of real estate. If this further re-- duction in the tax on real estate brings about the objective the gov-- ernment has in mind, then at this moment I can do no better than to 'quote a concluding paragraph in last year's Budget address, which reads as follows: "'HMHousing conditions, both in town and in country, are primarily the result of bad economic policies and I long for the day when it will be possible to lift the burden from » real estate, so that it will be profit-- able for a man to own his own home, and for the man with money ' to invest to build homes which may be rented at reasonable prices; also for those with surplus funds * #% = Lo c G L TT s ces t