I -- • ,•It' . .I : ~. S. P£RSONNEL ~lfill~~­ PRICES NOW AVAILAILE ~- oN I'()NTIAC AND lUlCK. SEE THE DAILY NEWS Nova Motors Ltdr &~~ Vol. 61. No. 1~ IT. JOHN'$, NEWFOUNDLAND, WEDNESDAY, JUNE 18, 1958 tPrice 7 cents) Charles llutton & Sons get: • .•. , I \\ • • ,,or ,,., ~. - ·L• .. .\:"\1'1 aSIC r ..... ,.. ... oGE coLLAPSES,, ~H~ig~h~lig~h---:-ts~O~f~Bu_d......_g_e_t 'Annoullce Record High , .. -'... I ,. N,,~~~~ !!~~ED -01"-f:\-\'A-~~-p. -.-Hi-;:h---Tax- ..de-.duc-·\i:i-lit~·-o;-cha-rit---Pe-:iod-fo-1~ c-laim-i;g-ta-x rt-- peacetime spending . ·:,,;han Press Staff Writer li~:hts or Finance Minister able gilts by corporations dou- funds extended to lour from .A. NO- :' ,· .. ·: n:R 1 CP 1-At least 10 wot·kmen Fleming's budget speech: bled to maximum 10 per cent two years from end of taxa· ! · dlcd Tuesday when l\\'O sections of: * * * or income, tffecth-e Jan. l. lion year. OTTAWA (CP) - Tissue-thin tax shaving and record peace ' . :"\o change in p~r>onal or t9j8. • • • time spending aimed against the recession • marked Finance , lilt) bridge att·o~s Burrard Inlet col- corporation income tax rate!. " If " Tarilb on inworts of ..-ool ·.' ,11·irling inlet \\'liters. Oncc·in·a·lifl•titnr g;lt tax cloth from Brilain boostl'!i Minister Fleming's first full budget Thursday night. .. ~ .:; • 50 \')'01'ts ~aid lit least four men \\"ere, Budget dl'lidt for 19 8 ~~ Pxcr/Iption on real estate fro1<1 present cents a No basic changes in tax rates were made as the minister leacclime record of Sfi4a.OOO,· ll'ansfers ol up to ~10.000 lle· pound to 5:, and 60, effectil't . ,; "r:-e m_iurcd. 1 l tll'cen husband and wife. or ' immediate!.'·· 1 000 compared with $39.400.000 presented the Commons with a forecast $648,000,000 deficit for •'''ltrc could not g1\·e ;m accurate. last year. fnrmrr and child. effcctil"t thi$ .vcar. .. " " the current fiscal year-also a peace-time high - and spread , :. :' ;t ftcr 1I 1e co 11 apse. 1.01 t·t'lltnrnt In li~hlcn ~nti· ·, I • ¥ • dumping la11·s shar.pl;.·. ]. :·: the a:r. but it's terrible," ~airl ~1inor tnx cut., total $8.000.· • ,. • around a multitude of minor tax relief items. ""'I I . I r t CalUthli•ll ':tdl i .... l:-o abro.Hi ·., .. ,_,· I. ~llillClt.". '"" ur rcmaam rr o curren b k f I 111 ~ · 11 a11 owrtl 10 h1iu~ ac · a tcr ' The cuts added up to $8,000,000 for the remainder of the i yrar. >21\,000,000 m lu year. 1 1 d 1 f :• l' \]1(' briO~(' and 011 a )ower frame- oil 1.1" 111~·· 1rce Jliii"C ta~C.I 0 I T<~rill' rr1·i,erl 11pward< , • · • " up to ~\00 a ~·car. lumpin~ in year that started April 1 and to $26,000,000 for a full year. They ,. !:d: nt;-hcd 'Jlilll \\·ere hurled into: Pr;1rr1ime n•conl rxprn· onr trip prc.1cnt allownnc" of and tlOII"IIII"arrls on hil,ir irnn followed $178,000,000-a-year reductions effected by the Progres· :f . ditun·; of ~uoo.ooo.ooo and •t"" " r ar 11 1111 .nnd >lr~l. pipe< and t.lhP.'. ,j . .. ;;('( I l11· 11111~ o r ..f il_l_ng11 ___ stec 1~--- 1 ·> ••• c•.,r,· m 101 '· ,,\ 11:111 _ ~ rr1rnnr~ falling lo ~4.6:i2.(1110.· m1r ,rnrl olhcr prorlnrt~. sive Conservative government last December. f lf. }#. ... .. ,,; '· Thr hrid:;t""s two of •ix· (l(l(t • • •hlur:illllil)" pro1·irld ·'~"~"'" mil~~ 1i or:ca~t. T~x * • • There were no tax increases of significance. 'I "'·""'""'"' l;>nr roarh'"Y under con~Inlrtion: lor hn~IJ~ntl paying for ~liP· ' 'I ·:w •nr1a1·r f 1 · c; .. ,rrnm~nl to hon·ow ~n port of wi[r or depcaulrnl cnil· 'ltUlll"ijlitlillr< ~ii"Pn Si.OOO.· There were no chanses in the taxes on such major items os I ·• .. :1-r< •lal· · or more 1 Jan 1110 yean had al· , ~ 1 i m al~d $1.~00.00H.OJIO 111 "r"n '"'""'" t·otll"l ordft1·. ll<Hl annunl reliPf from IO·prr· ,,., . · ' 11\U'I hrrn tomvlricrl. " ' " ' automobiles, tobacco products, liquor, rodios and TV sets. · ,. · • ·;.P 'll•llrrl: l\tlll<·cn ~ 0 and 40 rnrn wrrP nP11· monP\' this ,·ear to rol"er rrnl <air.; Iii~ on somr ,,nr· ~ 11 hurlr.N deficit ·and federal • 1·ha~r5, t f f P C t i I e imme· 'I · · '" r · ruh · llltrl<·r,loocl lo hal"r lwrn working Personol and corporation income taxes - the big bread· ·i .. .. ·''' 1rom • " on I he two Port ion~ that col·. loan~. ~:nl··r~t·,u·.'· ~t·ld mining ,,. rli<Hrl)". " si,tan•·c hoo;trd ht· ~~ prr winners - remained essentially intact. 1 IClp~oocu. Jl. " W ll- ¥ ¥ ... ,,.,. .,, 11 ,.,.: .\ ~ianl l"l"an~ hoi~ting otpel ,..,,,ll<'<hwtihlr nwdll"~l •x· rent to about ~~~.OOO.OOO iln· .~drhJiunat form anti huild· ; •. ,, ,. ~··nrv ha'i~ · lramf\\"ork from a lower ~r11ar· prn,r.< lo inclurlr prr~crip11on IIIIa II)·. •tarting with l~oR. ing 1J1,1Irrial~ rxemp1rd (rom ~1.\.lllll ("11.\:\I;E m1all ~>tillr~. 11 11111 girr par1ir ; .. , • •:·id. :\mbnl-1 :lip PlaHorlll loth~ bridge, <OrnP medicine<. ~prt·tacle~. dia· >air< tax, ~ffn•lire immP· .\la.ior ch<lll~r in Ill•.··" "•'"' !h·· l~ff.rel·i ce DuiP.~ ul~r r~lld IO wido·r~. lor whOIT· i q:··•' ., :o.< M old· ~IU fret hi!:h at ils highest point. gno•i<. e fIe c t i ,. P imrne· • • • tliatPiy. e\lrnsion of per.<unal Iax tlrtlur:· rslatcs will he exempt u11 to ~60. I ··; •. , ,r,1n. rall~rlt topp~rcl into the watc~. di~trly. ~~xt·i~c lax of 20 IICI' ern! * • • ihilily for medical cxprnsr"" i"- Tat Chrtll''P'i ooo. Succession duties !'ow au \;-:·.. , Rnd~~. wa> · ln.turrtl men, some w1th brok~n * * * on ad,·crtisin; in special Ca· 1ntcrc,1 011 lax orrrpn)·· elude co't of prescription mr:l· • ~ Z" ' parable at more I han ~0.000. I · '"'·., limlls and crushed bodie~. werP · !'\o chan~c~ in tax on au~n- nadian editious of non·Cana· men!~ inneasrtl to three irines. ryc~las,rs. arlificial ·~·c;;. OTTA \VA 1. CP 1 -- Ef- · Another forrcast hy the mmis · · · . •nnnr<·t \'an· srrn thrashi~g in I he water be· · mohilcs. tobacco product~. • dian periodicals repealed. ~~- from lwo ncr cent. cHectil"f , dia~nosis and ambulances. cffec· . d ter was that of earl,· am~nrl I .. ,_,. · ., on th• nonh fore he1n~ picked up. liquor. radio and 'f\' M~. fectil'e immediately. 1 ~.ia tax year. · i1·r immediately, fedt\"e date~ of bu get· rnents to the sale~ tax 'strucl,Irr. I One worker, Don l\litchell. said _____________________________:________ Jt wa< a cro<s·your·fin~~rs bud· tax and tariff cbange~: [resulting from a current ~tudy fil 1 he rode the first aection down.! , get. this firs! non-Liberal linan·; Jan. 1-Increases in' the sysL~m. The change~ wer£ I' ~0\R Ilit described it a& "happening 10: Icia\ acc0unting in 23 ~·cars. · . ._ . t bl :not spec~licd. \!;:;a '"Ihunderfius quickly that there was little !en-1 MANITOBA•. · ' • Adrnitling difficulty in stceriug corporat10n c "a r 1 a e I ~lr. Fleming announce thf . c:t ;ectic.n tumble. I sat ion of fear." 1 , a fiscal course between rccc>,ion! gift exemptions: new. go,·~rnment:s emergency g ~ 1 d ;.:s; holding up an-I .John wo 1 f eutrered burned 1 . ~and possillle inflation. :\lr. Flem· · l"fe t"me g· ft tax mmmg assistance for mar~mal ... •:.s pulled away I hands when he ~lid eo feet down I b II Stud y·l ng i' in~ said in his zo.;oo.word speech . once-In: I - I . I. • I producers wilt be increased by 2.i ~·'! &N:Iion .. -n__t~o col-_'1 arr·,~Dnt~t. in I \"Bin effort to help a I; camp . e lhnt it seems to him he has exemptiOn for tndi\"tdu- per rent to about Sl2.000.000 3 _ , " I slrul"k a fairly sensible balance als ';·ear, slarling with t9.i8. I '"fOI" lhe lime hcing at kasl." .J. lo T r d . REPBL ;\IAGAZI~E T.\X : Br~idr~ .c:.t~ttering minor Ll\ • une n- _vpes 0 e.. Th£' controrrrsiai C'xcise tax or o ctl•o n easements orer a widr area. \Jr. dnctib1e medical ex pen-: 20 per c~nt on advertising _in spe· Flt•minl( proposed one of thr , broad-ended· sales: c1al_ ed1t1ons o£ non·Canad1an pr· liI Execution Outcome Of Ele broatlrsl tariff rr1·ision.< in ;·cars. · es . ·. not11cals " rrpcaled. effcct11 e Ia major point lwing a hoo.-t in l<~x exempltons \\"tdenecl: · imm~diat~l~·. II' ST,\S ~lcc.\BF. kncwno more about his plans hP dot•.; not ha1·e to mal;e thai the lal"ifl on Brilbh wool ~lrolh t<ll"ifl"s changed: special·. \fr, Firmin~ instilulcd a nnrr· Canadian Peu Stall Writer than an,one else. decision." from .;o lo :;:; and fiO trn!s a . lll·a-llfctunc prlli"I>IUII allowmt cks The World 1\"1:\:\IPEG ICP 1-Pemier D.· CCF 1, e ad c r Llo_,·tl Stht>on ~11·. Camphrll <'OIIid conlinur in po 11 nd. ~flt•cti1e imm~diatrh·. ad,·ertl~tng tax on l'Cr- ~ifi tax exemption uo to ~JO.'lflo . L. \ampbell Tnesday wa! otudy·' 'aid: '"I SU!lpo.sc the 11sual ;hing rowrr until hi~ ~o~ernrnent wa, Tarilf< wpre rnisrd up.1;;rd tain non-Canadian peri- on n•al es1atr trauslcrs hctwcen lnlonnan:~ nn 1iol"iet affai1·s in in~ the $ituation created by ~.Inn· i~ for the man with the largN nrfratrd in a role in tht l~gi<la- anrl downward on 'omc ',on.