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GOVERNMENT SUPERVISION New Canadian Laws Impose Re ¬ strictions on PariMutuels Curb on Excess Profits Aimed At AtDominion Dominion Control for All AllCanadian Canadian Tracks TORONTO Ont April 8 Racing this year on all Canadian tracks will lie conducted under the supervision of the Dominion government in so far as the speculation is concerned Last year there was no government supervision or control and the percentage taken by the clubs in Ontario amounted to ten per cent and the breaks which yielded big profits for all the tracks according to the returns filed with the provincial treasurers department of the province of Ontario This cannot possibly hap ¬ pen again under the new legislation This year on the mile tracks the mutuel percentage for the clubs will average about three and onehalf per cent according to the new Dominion regulations which will go into operation for the first time at the Ontario Jockey Club meeting at Woodbine be ¬ ginning May 21 21The The new law limits permissible organized betting to the use of parimntuel machines and further ¬ more to make it a condition of the permission of betting upon a race track that the profits derived from the betting operations shall be restricted to a limited percentage of the amount at stake as apportioned as follows followsWhen When the amount bet on a race is under 20 000 percentage centOn restricted to 7 per cent On all amounts over 20000 and under 30000 the percentage is restricted to per cent Amounts over 30000 and under 40000 to i per cent Over 40000 and up to 50000 to 4 per cent centOn On all amounts over 50000 to 3 per cent centIn In each case the percentage of the racing club or association is to be gauged by the total amount of money bet on the race by the parimntnel sys ¬ tem including straight place and show and com ¬ bination machines machinesIn In addition the association is allowed to retain the breaks that is the odd cents which are less than multiple of five cents Parimntuel centsParimntuel machines under the new law are to be inspected approved and operated under the supervision of government officials appointed by Hon Dr lolmie head of the department of a aThere There will be an official at each track to see that no bets are accepted after the horses go to the post in each race when the machines must be locked and in that way it is aimed to check anv attempt to fraud Racing associations are to pay the supervisionIn cost of such supervision In Ontario each association will have to pay a tax to the provincial government of 7500 per dav on the mile tracks and 2500 per day on the half mile tracks This is the same tax as prevailed last year yearShould Should a racing association derive from its mutuel percentage any more than the limit profit allowed under the business profit taxes legislation that surplus will be taxable because as in the ca e of any other corporation the object behind the legislation is to restrict the operation of race tracks to associations and responsible persons who really wish to conduct race meetings for the sake of the sport rather than for the hope of making huge sums of money thereby There is some talk at the present time of the Dominion governments rescinding the legislation regarding business profits Another profitsAnother of the provisions of the new legislation insures that a certain percentage of the profits of the association shall into go purses for the different races The minister of agriculture has been given power to see that such suitable purses are provided and where an individual or racin association fails to carry out these regulations his or its charter will in all probability be taken awav
