BUDGET TAXES.

Dominion, Volume 2, Issue 531, 11 June 1909, Page 7

BUDGET TAXES.

(LAND MD'L'IQUOIMMROSffS OPPOSED.

uHppTTEN Minerals,

jW#ESE ,TflE.S?!AfrJj; A CippD" BARGAP.

"■'.•.;"'.'.'.':"J*Oluidßi .J[uoe 9. ■: ; !bi 'fhe 'Hbtißb .of. Commons, Mr. H. :)\' meinbor lor jSp«tt ; 'Hjiclt ,Hey) -ana;|lr.:JH. Cox.(i((iber,j(l fojPrspton) s.h,!>rp ; pf rtjie Slid iot, particularly the part of it'.dealing #itl ihquor licenses and land taxes.' ■ Air. B^^*)ey—frbo''is''an cspert -in Stocl i^xohhiigb '.maimers,' iind.whp was. recently ao "on ;Certaih ,ohjrJpß- of ■ fraad4in& Bjiould Jp (boseilbn tyould realise twenty millions per annum. ; Mr.. E. ~G»- -Sretyman .njombei '■for Chelmsfbrd)', .3jag.lipg with ther-impossi- : bilitiy .'of jtlie ' y^up, ~ OflWiprlspd .toiflpXtyls, .-jtjip fffie ■ .of . jjjo)sStn : 'the:. Admiralty Jpaid .the .owner i.{ths ■ljaterLord'Mjitheb'w) an'd'lVatl b^ce ~i .gupnttty ifad, ye'f; duarried. i-.:.'.. 'T; *--7.-.v. -. ■; .7 — ■■■' r'"; : T.AKINGj()N£ I Fj|FJ:H,vO.F J^pEM.ENT.: ihp s Exol)egunr, ;! yjr. JLlosf Georgp, in,explainjng tho land taxpdrlfoh ol ,sho Buagetj', is proposed, to levy j tiaAponithoanareiKent vhftib nficruing'to'lan* ■ |rji,iji'.ithe.onkr,piis6,bf' the! comrnMnity 6'r'ttit neigp.bojir. ';.&.■ is! ito-\appiy' itt future appreciation ln ( value.onljyy ;^d ,WiilliiM)( touch ,any-incremenj;;' - alK^dx'.accrued.," "Thi yalnatjons, difference'-ljetween ivhich ft 0 J? 1 j®H . J?P '-Filll bp,palpations Af tho.Ma.atself, apart'-froni<'building'-and other improvementsr' and'jil . this difference— jho strictly-uneaFne3 ; :ihYrenierit—we propose to • take one-fifth or 20 per cent, for the State. ■:'.-.Th« luM!oiy"ftT3rffiuß,W-ln''hli'wa.v-pTnal-i?ed.v'P^Wfi?elt.;bf;itiS own enterprise,' nhil-b ■.4. n Mr?sU., ; yriU,^p-,,fpliy',*&.i£guoi:do4, T'KVJI? 'IffA 0 " tAe.incioniflnt .is calculated indhdp:.hot ! paly ,• values Which' arp"..alre'acry fealisW, ;the ; antioijtation' ]pl ,'fifture ippteoiatiiiri/in so -Jar as'tlfat anricteatiori lias jllrtatty^.a•cqhired , -a:iliafket•vftl'nc'.''' : " r ''' : " " .' ■ The charge,will not be levied upon the inpj.e.tripnt■• jjilui -.as-fit ?dcruee, : !-'.b'ut '.iip'on'-.c«rtain Pcoa-jioris s,upji. gs ,i\ison passing ;pf ,propertisr: unpn dfinih. ;,;Qb.rporati'Mis W th^ P ' W f'tc W 'F Y) y '*. r ® 8 - r « -*W' illorfcd"the', 'option !'or spreading the' payrnent it the duty upon accruing in pne-peribd over the following period by annual instalments. .JpjEh.e "slahdjifd .Jf .cbaiparison is the'valiie of the land at the present date,-the tax'will be levied only upon 'increment subsequently, accruing. ' : ':- ! '.'•