LUXURY TAXES

Grey River Argus, 4 December 1940, Page 10

LUXURY TAXES

Imposed in Canada — CARS HEAVILY HIT. i OTTAWA, December 2. The Emergency War Budget, imposing drastic taxes on luxuries, and removing the tariff from a wide range of United Kingdom imports, was introduced in Parliament by Mr. Ilsley. The Budget prohibits the imports of automobiles and other luxuries, including manufactured tobacco, and spirits, except from sterling areas. It imposes excise taxes, ranging from 20 to 80 per cent, on private automobiles, and 25 per cent, on radios, vacuum cleaners, and virtually. every type of electrical appliance. It completely suspends the present tariff on United Kingdom exports, cotton, artificial silks, bituminous coal, and furniture. FURTHER IMPORT RESTRICTIONS EXCHANGE PROBLEM (Received December 1 3, 9 p.m.) OTTAWA, December 2. The war budget imposes a diminishing scale in the imports of hardwoods, raw silk, and all petroleum products. Mr Ilsley said these regulations were designed to save five or six million dollars monthly on the basis of Canada’s 'current trade. He said the new restrictions would not lessen their trade with the United States. They merely would change its character. They would confine imports from the United States to war essentials. He said that the pre-war imports -from the United States to Canada had averaged forty million dollars monthly, while in the past six months the monthly average was 65 million dollars, the imports reaching 74 million dollar's in October.

He was not prepared, he said, to disclose the 1 urgency of the country’s position in respect to United States currency exchange, but he laid a patriotic obligation on the goldmining industry to increase the production in 1941. The Government had decided, he added, that it would be justified in mobilising and in liquidating foreign securities owned by the people, at least until a serious effort had been made to restrict the consumption of unessential imports.

HOW TO SUN-BATHE. The sun can be a marvellous tonic, but sun-bathing should be done gradually, a little at a time, especially to- start with. There is always the possibility of over-heating, and subsequent chill. At the first sign of chill take Baxters Lung Preserver. For 75 years “Baxters” has proved itself throughout New Zealand to be the finest safeguard against coughs, colds, and bronchial ailments. “Baxters” is purest and safest for young and old. —3