New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-02-12
CANADA IMPOSES
DRASTIC WAR TAX
Will Still Have to Borrow
100000 in Next
Fourteen Months.
TARIFF INCREASED:
STAMP DUTY LAID
Estimated Proceeds of S2S,OOO..
900 to S33,O0O,OOO Will Not
Make Up Deficit.

Ottawa, Ont, Feb. ia drastic war
tax measure was proclaimed Il the
Canadian Parliament this afternoon b.
Finance Minister ". T. White. Bank
circulation and the business Of loan
and fire insurance companies are taxed
A stamp tax is applied to business and
banking transactions. to railway and
steamship tickets, telegraph and cable
messages, and patent medicines. There
is a customs tariff increase covering al
imports, now dutiable, and the free lie,
is virtually wiped out
The increased customs charge is sp-
piled from to-day. 1t is Ia per cen;
increase to the general and intermedi.
ate tariff rates and per cent increase
to British preferential rates In the
case Of goods now on the free list
there will hereafter be charge Of n.
per cent, with the exception Of goods
from Great Britain and colonies on the
preferential list, where the charge will
he . per cent
From the increased tariff duties an
annual revenue of between S20,O00,000
and S25,000,000 is expected. The in.
creased duties will be collected on
goods now in bonded warehouse. in
Canada. The drawback privilege OF 20
per cent on duty paid on raw material
imported into Canada, manufactured
and exported in manufactured form, Is
continued.
rom a date to be fixed the following
taxes will be applied;
! One cent on each telegraph or GALE
message orr sinating IN Canada, 10 be
( paid by the sender; on rs..ws and
steamboat tickets sold in canada TO
points in Canada, Newfoundland and
I the United states, tax OF cents on
/ each ticket costing over 81 and ct
more than S., and cents for each ad'
! ditional So or fraction cost; for eseh
sleeping car berth sold IN Canada, ~
/ cents tax, and for each parlor car seat
/ ticket, . cents; on steamship tickets 70
I p, nts other than in Canada, Newteund.
/ land, the West Indies or the United
/ States, a tax of 81 on each ticket cost
ing over $40, So on tickets costing over
so and So on each ticket costing over
$50.
The following stamp taxes are sp'
piled from to-day: Two cents on easa
check, deposit receipt, bill Of exehang,
express order, postoffice order and op
of lading, and one cent on each poss'
note, letter or postcard mailed ID
I Canada. On each package OF propIe-
i tary or patent medicine and periumsil
stamp OF one cent up 20 10 cent?
value and one cent for each additional
/ 10 cents, retail charge. must be place..
Non-Sparkling wines are taxed ~ eehe
a quart. and champagne and sparEnns
wines % cents a pint. From the a0o''
revenue of 100000 a year Is sA'
pected.
Mr.. White announced that tnsls
would be no income tax. He estims.sss
that, even with the new duties ln'
loss of revenue to the end OF the pls'
ent fiscal year, March 81, would sn'oS..
to S33.0OO,000 The total dehe" "''
estimated at 100000. -
The Finance Minister also estima W
that the cash disbursements 10 m
fiscal year beginning April ! VIII '0 "s,
$500. 100000, while on the pressa,,
basis the revenue would amount 20 ".
S120, 100000. The special war eHpesS,d
lures, included in the total, SS al
amount, he estimated, 10 Sl0o,VVV'SSs.,.
all of which, he said, would DC '"
rowed