Winnipeg Free Press

Winnipeg Free Press (Newspaper) - March 21, 1956, Winnipeg, Manitoba Winnipeg free press. Wednesday. March 21, 1956 restraint needed to fight inflation i Ottawa cps Hon. Walter Harris minister of finance tuesday night forecast a further Rise in Canadian Economy for 1956 but emphasized the need i for economic restraint to prevent inflation. In his fecund budget speech since he took office in j average of recent years. Normally t--m054, he predicted Gross growth in National production production value of All enhances the government s Poten services Tea tax yields by five per cent in by virtually every Standard. I High of almost s28.000.-j was a year of exceptional 0 a Onofrik said or. Har this risk would he atop the big Ris. Estimating the. Main Factor in per cent Iii crease in 1335 when out of the 1954 unit paced or. Recession was renewed growth of Ris Hopes and expanded Export c led by the brisk Ness of Mimo to s26.hoo. The United states Economy and its i 000.noo. In his last budget he fore demands Lor goods cast the Gross National pro looking now to the year ahead Ciucht at Al feel that the evidence Points to Irir a a continuation of the Progress that new responsibilities or econ filmy enjoyed in 1955. The blessings of an Economy both in the . And operating at n High level arc economic situation remains vat said or. Harris j favourable so that we can Antici a but they bring with them new Nat a further growth in exports. I responsibilities for All of us. J within Canada itself there Are i the objective should be to i Many indications that 1956 should maintain a steady growth in a year of further expansion. Pamic activity without the process the present investment of expansion giving Rise to inflation and . Consequently in limes like the present when private costs stable arc expected to Rise still further. Or. Harris observed that other i ii Federal government itself has countries besides Canada made a special responsibility to see that j economic gains in 1055. But Infra it fiscal policies continue to a cation gathered at the heels of Many directed towards economic Stabil iof them. It was highly enc our a Asing to see monetary and fiscal us of the flexible Inspru a policies rather than restrictions fits of Rene tar policy is also controls used to counter these bring directed towards this inflationary pressures i c. Rut careful judgment and and Levy placed on foreign magazines Ottawa up finance min ister Hon. Walter Harris stating that the Long run future of Cana Dian magazines appears to be in jeopardy from foreign periodicals tuesday night announced a 20-per-cent tax will be levied next Jan. L on Gross revenues of Canadian editions of foreign magazines appears to be in jeep or. Harris added that Publica Tion of magazines by canadians for canadians and telling about canadians and what they have to sell seems to us a Basic and essential thread in the fabric of our National periodicals containing some canal indeed i wonder whether we Dian advertising. Could contemplate a time when u t the special excise tax an-1 would not have a Canadian bounced in the minister s budget Zine when there would not be an Opportunity for persons with the Talent and with the time to sit Down and contribute an article of and editorial Content As in critical nature on government Home countries. Scientific matters or on some speech to the commons will not apply to foreign magazines sold in Canada with the same advertising it will be imposed however on what or. Harris described As a few cases whore a foreign mag Azine publisher issues a special edition for Canada differing from Home edition through inclusion other topic or if we could con template a time when our Chil Dren could not read a Magazine in which there would be Canadian Stoi ies based on Canadian history or Canadian fiction. Of some Reading material for can a i doubt very much if we Ada and Sale of some could look to an occasion like often a great Many that. Of Industry business and govern rents Are much higher than they1 last Var Grain Loans from co Ops genl. Ready to Eccl sock lies to exl nil fiscal privileges record spending Small surplus in . Budget Halifax budget predicting record spending and a Small no taxation handed Down in the _ Nova Scotia legislature monday j contractor we operate treasurer i the Dew Distant Early warning i radar line in the Canadian Arctic civilians to run Dew line Ottawa up an american Canadian advertisers. It will still apply if the Canadian edition contains special advertise the government would be very reluctant to interfere with the Normal and traditional imports of ments not printed in the foreign i Ordinary magazines into our coun periodical s Domestic edition even try but the special editions con Wise spending policies arc As for Canada the average Cost not of Irvin remained fairly stable government is prepared to meet with representatives of can s11 matters of concern to pub and. Of the of per. Cent Ada s members of co i authorities they arc the nor National production almost credit societies to allow represented a sheer in j them to participate As if they Mal of each one of per represented _ a sirs regardless of his role in the crease in p r o d u c t i o n or. Harris prediction of a live per sent Rise in the Gross National i in the wealth and welfare of most canadians. Employment. Wages and con Ottawa the Cana conditions we could properly extend to them privileges and opportunities which Are not now known to them. I Hope to arrange such discussions an example of what they might is that Ottawa might permit these societies to make insured were Banks in various types increase government guaranteed Loans. 1 .1 Namu Vunie i. Auu con product is based on the a Simp in inc there be stable of Industry and agriculture average crops and no Hon. Walter Harris minister of Loans to Western wheat Farmers finance in his budget tuesday do Lon the Sarae basis As Banks were cleared his willingness to consult j Ai owed to make such insured with the co operatives. I Loans. A events. Rate will drop if it materializes n tapering off from Progress. Wheat Farmers had a better than a erase crop but de it will mean inv Crucs in the first half of the crop the year High to per cent Rise of 1955. However this has changed Maing the rate of climb Down to the since the session began 10 tax off Salk vaccine materials Ottawa step to put Canadian manufacturers of Salk vaccine on an equal footing with importers of the polio preventive is planned by the Federal govern May i make it Clear that the there win have to he an agree 01 government has no Intel night by provincial r. M. Fielding. There was no hint of whether the government plans to Call a if there is no special Canadian editorial matter. It is understood these regulations will apply to the Canadian editions of time and header s digest two mass circulation United states a number of other american publications. These include better Liv ing Ever woman a family Circle parents Magazine woman s Day. And three business magazines the it was Learned authoritatively office. Canadian farm chemicals and cleaning and Laun the network will be manned and dry world. General election As has been pre operated by the civilian contractor the tax applying regardless of dieted for three years. Canada reserves where the Magazine is printed the budget predicts a net sur the right to take Over All or part plus of for the 1956-57 fiscal year about higher than in the current year ending March 31. Expenditures Are estimated at s54. Revenues Are but sinking fund instalments vill deduct about from the Gross surplus. Of the Manning and operation of will be assessed on All advertising Revenue of the special Canadian the line after expiration of the1 edition. Tham Canada american military prime regulations group will be located at each main officials said regulations will be station in the Dew line and will framed later to outline the Circum have control Over the purely Mili i stances in which the tax will tary functions of the line. There will have to he an agree n Imant with these credit societies 1 1 i e j however that they would Al u Tion or desire to intervene in general Field of co operative credit their books examined on the societies or. Harris said. Same basis As Banks do if they but we Are prepared1 to site were to get this privilege Down with interested groups to Dis Harris mentioned Only this tax loophole on Oil firms and sales have greatly shortages possible consumption of the average Canadian increased by four cent the biggest annual Rise in years. But the demand for goods Bro jct. Some scarcities. The Bank of Canada swung from an easy policy to one of neutrality then of restraint. Senate gets proposal Field of possible Federal co a Ottawa Federal to Sharpen it for the apply. There probably would be no i problem since most publishers i state separate advertising rates for Canadian and other editions. The tax in these cases would apply on the amount paid for the advertising in the Canadian edition. However in circumstances where no rates were specified for ment. Finance minister Harris budget besides the Rise in exports and consumer spending a Large pro Gram of capital investment including housing was undertaken in 1953. The possibility of Short tue minister Harris Oua Gei developed for such items As essay right repealed immedi Hll Imin i ii Hulkia u uniting Smolc Atchly the 10-per-cent sales tax the d f certain t f Abor manufacturers pay for material Narf so Bank of Canada used exclusively in making the larger in shaping the eco vaccine. Last year the a i sales nov its operations Werc in areas of their product was lifted. Peratin i singly directed said or. Harris to As a result importers were in moderating the rate of sex preferred position they could in pension in the use of credit. Port Salk produced from tax-ex-1 rpt materials abroad and sell it in Canada. J Carillon installed government officials said the Toronto 61-Bell, five sales tax repeal is not expected Toj octave Carillon believed the larg stimulate production at the two est in size and Range installed in Canadian centres where it is be a Canadian Church is to be de ing undertaken Connaught lab a dictated sunday at Deer Park oratories at the University of Tor United Church. The electronic car onto and the Institute of Micro Dillon May be played from the or biology at Montreal. I Gan console. Operation with the plans to close a loophole however it is known that the co in the income tax Law that has operatives will seek to arrange a enabled operators of Oil and Gas much broader discussion with to beat the Treasury for i Federal government. Around in the courts. The co operatives submitted a finance minister Harris an Bricf to the Goclon commission in his budget speech tues economic prospects which Sugges iday night the Law will be tightened Ottawa new divorce led Many Steps that Ottawa should i retroactively so that the effects of procedure was proposed tuesday take to Benefit those concerned a technicality under an old Meas by senator George h. Ross i Alberta i. With this growing j ration. Opposing the Bill introduced by i Spring meet Field of Coop senator w. M. pc indications Here were that when Saskatchewan to have the divorce the co Ops meet with or. Harris machinery now operated by the later this Spring they will Sug Senate. Transferred to the sex Gest a much broader conference Chequer court senator Ross Sug Ater with representatives from tested instead the amendment of the provincial governments also Senate rules. I invited to attend. Ure do not extend past 1950. The 1949 Law designed to encourage development of Wells pro Vides for a depiction allowance under which companies Are exempted from taxes on one third of their net profits. The government intended this to apply to general company profits. Companies found it would be More t n iuui1u 1l wuu1u us la cult his idea would be that All Peti in Canada do if applied to individual tons for divorce on g funds e about a Wells and Home Oil co., brought adultery be firs submitted to the to have assets about Case t court or the Point. Superior court of the province con i the Spenor court of the pro corned. If the petition succeeded the c0nvidesire in some quarters the insured mortgage Type of recently the supreme court of Canada ruled in favor of Home Oil Post-1950 years without affecting the rights of those covered by the court judgment dealing with 1949 50. Officials estimated for the latter two years Oil Gas companies would recover about from the Treasury on the basis of the court judgment. Russians fail in agriculture fishing Sinclair North Vancouver. B. C. Russians said for special Steps statute a very special problem. Costs lower they Are relatively new arrivals on the scene. Each is essentially a by product of some Magazine published abroad and being a by product its costs of production Are Well below the costs of a comparable purely Canadian Magazine. It uses its advantage not Only to enlarge its circulation but and far More serious to Canadian sell its advertising services thus diverting revenues Roni Canadian publishing houses. In recent years this diversion has become very a tax Resolution tabled by or. Harris describes special Canadian editions of foreign periodicals As a periodical printed in or out Side Canada for publication in Canada "1. Containing editorial matter at least 25 per cent of which is the same or substantially the same As editorial matter contained in a non Canadian periodical whether in the same or in some other language and "2. Containing any advertising material that is not contained in the Canadian edition regulations such non Canadian would determine the amount to be thus the tax would not apply if paid. Ass Han 25 per cent of editorial or. Harris said it will not come Content in the Canadian edition into effect until the first of next j paralleled that of the foreign be year so that those concerned Rodical. May have time to adapt their at fairs to he said the diversion of Adli Irestone agreement ver Tising revenues from Canadian magazines is far More serious to Canadian publishers _ than Hamilton hourly wage expansion of the foreign mag increases ranging from eight to 13 provides wage boosts Zines circulation. The government had been considering the problem for some time. Canadian Magazine publish ers had been making representations for several years. Fisheries minister Hon. James Sinclair monday failures in agriculture and fisheries in their own country. For that reason said or. Sin we have decided that in this Field very exceptional measures cents have been Given to employees of Firestone tire and rub Ber company of Canada limited in a contract agreement ratified sunday by members of local 113, United rubber workers c10 piece workers who make up slightly More than half of the bar gaining unit will receive eight meanwhile in 1951 the Cabinet co Ops have expressed a changed its regulations in an at Jclair it would be Good propaganda in some quarters to to clarify its intention. To sell Canadian wheat to Lom be that cents and hour hourly rated work certainly could not be justified in ers u cents and mechanical de body without hearing eve lending. In addition there mat a guv. Mumm Tidence. Would Grant the divorce. I representations before the Gordon for 1949 and i9a0. Or. Harris said All such decisions could be commission to the effect that co a tuesday night its judgment Cre grouped and passed in one Bill operatives should be allowed to ates some uncertainty As to Wyeth once a year or i build Low Cost housing with fed or the Law from 1951 and on is debate on the divorce Bill Aid with Long term repay connection with any Ordinary line of business or the relative position of Cana magazines had declined. A even if the buying nations Are number of them had been aban flaming red in their politics Weido Ned and others had had to re can still show that a Little de Duce the number of issues spi Cable free enterprising country magazines from abroad have like ours can produce in extended their Active he told the North cities to such an extent that the i Long run continuation of Canadian apartment employees 13 cents. A Union official said the increase boosts the common labor rate to gets attention London up the cardboard stiffening in laundered shirts delivered to London Homes will Bear advertisements for Brighton the Sussex Seaside resort. He said he intends to introduce Ament arrangements. The cat Cork tip is of pure not rpm Cork. It ack i to your smoking pie Asu ii Waterproof end hygienic it ensures coolness end Cle Annesi. I Black cat Plain rolled in Al weather Waterproof paper for Plain end smokers. The cigarette which never varies in is Alv Way or can also Black cat Fine Cut for rolling your own ;