The daily morning Astorian. [volume] (Astoria, Oregon) 1883-1899, 1899-04-01
THE AMERICANS Will
SHARE THE TAXATION.


NEW YORK. March sla-A dispatch
10 lho Tribune from Toronto. naya; Ger.
inln American interests doing business In
Ontario VIII feel The operations Of Tho
provincial governments now revenue
law, II applies exclusively 10 commercial
ana nnnnclal corporations, subjectlng
banks. trust, loan, Insurance, railway. eH.
nrcbp and natural gus companies 70
various taxes. which are assessed IN some
cases on capital. In others on income
and In utlll others In different element.
The measure ~ ths provincial treas.
ufcr stated IN his speech introducing IL.
II found on a study II tho praclre In
several states of the union. lie quoted
Prof Gllman'n work on corporation taxes
~ his guide. but 10 any one acquainted
with lhat authority II IN manifest AZ
tho frst glance into the revenue bill that
the provincial treasurer entirely missed
the point OF it
II IN Interesting also to noIe that tho
reason for the new taxes rs not unrelated
10 tho United States. The treasurer apol.
oaized for them by saying that they had
been rendered necessary ~ the act pass.
ed last year requiring that all pine cut
on crown lands must be- manufactured,
n Manufactured At all In Canada.
Of course, fhc mcpnirR. intention and
effSei ~ that act was 10 prohibit the
expectation OF baw logs from the Georg.
Ian bay district 10 the United STATES
A years grace WAS given 10 enable The
American limit holders 10 adapt them
selves 10 H.
Consequently. the exportaton Of logs
went on as nsaul throughout the last
towing season. but II can 80 no longer
unless the law h repealed. Consequently.
Treasurer Iiarcout, apprehends that
there Viii be material shrlnkAge In
the receipts for timber dues collected
on The crown land. Their seems no
probability that tho Michigan lumber
men Will Immediately accommodate them.
selves - faf 20 the restrictions on their
supply pf material na TO move their mills
TO this side, Their cut OF logs. therefore.
10 no longer 20 bc calculated on In the
estimate of revenue for the coming year
This mranp that some substitute for
the largo aggregate Of Htumpagc dues
they paid had 10 be- found. and tha, the
court provides II IN this revenue bin
which Yield upwards Of 5000 d year
u 10 lhr first plunge of the province into
dlrct, taxation. Heretofore the crown
land particularly the timber turned into
merchandise on those lands. kept the
province In nearly an the funds Il wanted
Tor eurront expenditure
The American share IN The new taxes
viii be- mainly Ia relation 10 the capital
invested IA American Insurance oom-
panics doing business In Ontario The
hni provides that every lie Insurance
company which trAnsacts business In the
province shall pay tax OF two thirds
% one per ccnt on It's gross premiums
on ~ ontario business OF the previous
year but In case OF lire insurance com.
panirs. which receive premiums IN cash.
the TAX shall be collected on the gross
received by such company In
cash In respect 10 the business transacted
,n cash basis
II further provides thar where the re.
rclpts from premiums Of lie Insurance
company whose head Office Is elsewhere
han in ontario. are less than $4,000. and
where such company loans money on Sc
autlly and has invested In the province
IlOoOoo or more such company shall pay
, tax OF one per cent calculated on the
gross premiums and ont-tourlh OF one
por cent on the income from investments
received by sucn company IN respect to
.hv business transacted here IN the pre-.
rrdlng year