Canadian Legislators Ask Questions.: Make Inquiries into Affairs of Ontario and Hamilton Jockey Clubs- No Increase in Tax., Daily Racing Form, 1917-02-28


view raw text

CANADIAN LEGISLATORS ASK QUESTIONS. Make Inquiries into Affairs of Ontario and Hamilton Jockey Chios — No Increase in Tax. Torcnto. Out.. February 2T. — Sam Carter. II. P. P. for South Wellington, will raise a number of questions in tie Ontario legislature as to the Ontario and Hamilton Jockey Clubs. They are as f ollows : "Is here an application pending before the government from the Hamilton Jockey Clan to increase it capital stock so that each holder of a share lor which #40 was paid will receive a certificate for SI .000 of new stock, or for an increase of capital stock for any purpose? "If any application is pending, is it tile intention of the government to grant the application.- "In considering the application of the Hamilton Jockey Club to ilu lease [| | capital stock, lias the government taken into consideration the o fleet such increas-- may have on the war tax payable i the Dominion government mall % the federal ait of IMS? "Did the government grant an increaae in the capital stock of the Ontario Jockey Cluti in the year llill from 130,000 to 00,000, or for any sum whatever-/ If so. what was the amount of the increase and the date upon which it was granted. "Is the government aware that increased capital stock was distributed among the existing stockholders as bonus -toek. --Iid the government grant an increase in the Capital stock oi the Ontario Jockey Club in he year ltlt from |200,000 to 1917.sh00,000, or for any sum whatever. And if -o. what ii.i- tiie amount of the increase and tlie date upon which it was granted: "Is the government aware that increased capital stock was distributed ainoug tie existing stock -holder-- as bonus stack? "Did tlie g vernii.t l.t la granting the increase in the year 1910 consider what the effect of such iin reeaa would be Beam the war tax payable by the Ontario Jockey Club to tlie Dominion under the Federal act of PtlOV "Does the government know what the effect of the increase has been on the ami nut of the war tax payable by Die sain clubV" Requests, Return of Correspondence. I.. I. Wigle. of South Esex, in whose con-sitiiency Windsor is situated, has put in a reajaeet ashing for a return of all corre-tionileiioc between the government of Ontario or officials thereof and the Devonshire It. ice Track Company at Windsor. and, in particular, the correspoadeace betareea J. T, White, solicitor to the department of the provincial tnasiirer. and Dr. Rcaunie. In his budget si eh in the legislature this Week Hon. Mr. McGarry made no m itiou of any new laxatioii for the coming year, from which it has been deduced that there will be n,, increase in the daily license fee lor Ontario race courses. That is now /200, or more than six tines the amount collected when the tax was originally linpaai d. It had been commonly reported that still another increase was coatemplated by the provincial treasurer, and :i figure was current that would have been Ix-yonii the capacity of the half-mile tracks, at least, to meet and continue in business. While it is still within the bounds of procedure in aaeh matters to eatabUah a new figure for the fee, it weald seem that the treaoarer is content with the existing regulation in that respect, as he stated that the amusement and corporation taxes were working out quite equal lo the expectations formed when they were fixed last year. The inference thut they will so remain for the present is, therefore, a fair one. The total amounts paid into the public coffers from such sources will appear in the usual statement of the public accounts and will no doubt ha found to justify Mr. McGarrys satisfaction with their results.

Persistent Link:
Local Identifier: drf1917022801_1_3
Library of Congress Record: