I 1 r i l r-vt1L TWO THE DAILY nf.ws PltlWCE KtlPEttT - BRITISH COLUMBIA m- i - , Published Every Afternoon, Except Sunday, by Prince fttipert tally News, Limited, Third Avenue H. P. PULLEN Managing-Editor )1i f( ) ' ' SUBSCRIPTION RATES ''' ' : nv will ni nn .Iah . .. 1 . . i . , sti. . , jrcajjy urioa, paia in aavance 5.00 ror lesser periods, paid m advance, pef week ii)c By mall to all parts of Northern and Central British Columbia, paid in advance for yearly period 3 00 By mall to all other parts of British Columbia, the British i" Empire and United States, paid In advance, per year $d.oo By mall to all other countries, per year - g.00 AiiVEftftsMO rat5 Classified advertising, per Insertionper word 02 Local readers, per insertion, per line !. ZZZZZ'. .25 Legal notices, each Insertion, per agate line 'l5 Transict display advertising, per inch, per insertion ZZZZZZZZ. 1.40 Contract rates on application. j Advertising and Circulation Telephone ......... 98 j Editor and Reporters' Telephone ...kg Member of Audit Bureau of Circulations ! DAILY EDITION Monday, April 4. 1&3 POWER OVER MUNICIPALITY In the bill introduced into the Legislature by the attorney-general providing for increased borrowing powers for municipalities there is also a provision Which looks as if it were put there as a warning not to borrow too much. It is a provision for the appointment of a commissioner by the government to handle the affairs of any defaulting municipality with all the powers of a mayor and council. He Vyoulcl be appointed by the provincial government and would remain in charge as lonir as it wished. TH No Money In Exploring UvStAtf CommeKe 2SWp it 1 lince Hupert will wait for a lead from Vancouver be tmptoy.dinii.tbn.taess.orbj jorc laKing action toward the formation of a new pro- persons and their families. such vincf ior nortnern untish Columbia and Alberta. The in- "The shareholders umauon is mat rrmce Rupert people are not alive to their corporation may OWn interests and nr sIaw tn nff DAIL NEWS . M:,.;diy. .Vl 4,f 1033, " " i.- There's no money in trips to the south pole, declared Bernt Salt chen, famous pilot of the Byrd expedition Who confesses lh he has been out of work for several months. Well a least he ha? time to play with Bernt. Jr. ' IN THE LETTER BOX RE THE DOUBLE TAX Take as example the city of Prince Rupert. Had the city Editor. Daily News:-defaulted on one of its recent bond payments in New With reference 10 yUr recent edl York the provincial government would have dismissed the C-tte d0f255 present mayor and council and appointed some person of SoSSST its own choice whq would take up tne work, reporting only ernment. we wish to draw to your to Victoria and With all the powers of the present city attention the following extracts council to levy taxes, collect taxes, pay bills arid carry on from the Domlnlon "income War the affairs of the municipality. He Would even have the Tax Act" as presently ln force: poWBr to pass bylaws. "A Family Corporation means a corporation seventy-five per tent of i - the stock of which is owned by members of one family, one or more IS n t...... PRINCE RUPERT SLOW? of which members takes an active part ln the business operations of ARE We struggling? 1 dltor, Daily News: Citizens, are ybU being paid war 'me Wages? Retailers, are youen eying war tune prices? Wholesal ers, are youf goods not moving on account of War time prices? We all who buy meat, flour, butter and tggs know quite lyjll that JJie producer Is not even enjoying hard time prices for his product. After the existence these time there still are a few who believe in war time prices. N6t onlv that "bift it also appears to me they believe It it man Is hnrn In n h-t-n fib i Page Rideotlt of the Peace River wants tn knmtf In n the corporation, or a corporation, I horse and has no other place in life, mnnmlffltion m1,lw,COOrl f tU the rul Chamber of Z IZL "... d eighty per cent of the stock of I there are a few citizens who have actively 1 enjoyed ten to niteen years of War . 1 I - I f At ( 1 time prices ln the : barber business and still there areno changes in their Drlces. Better still, with (hit icio ui of a a Family raiiuiyi - elect elect that, that, in m n lieu ' TolUme Prosperity to their Credit . . ' thv n-p nnw tHvlrl in mhnt that vi of the uie corporation corporation being Deing assessed assessea as . r .. n.w. a Corporation, the income of the obligations. The one man fair Cheap Pnacihlt, iha ,ittt . . OSSlbly the greatest ttntt difficulty u u here IS 4 to get unity of corparstlon be dealt with under this snP eta the b,a. Just imagine action. It SeemS to be thd Case that if One OerSon SUtrfrASts act as if such corooration were a a one man shop can cause so much' a line Of action there is always a faction ready to Oppose Partnership, and eath shareholder hardship- That alone ought to be1 just as consistently as an opposition opposes the govern- !naU thfrt be defemetf 10 be a Part" Sl t0 P,we What the pubHcl & ftS iMuTs'liI?; not cause 60 m ' - brought to! much mucn by ItS intrinsic Vftlue as by the people w Who are SUg- cordirig to his Interest as a share- mlnd- ?rn 1 nave bwn informed Mr. gOSting Or backing It. holder. Citizen Is out of town, perhaps oh' There is also a reluctanCe.to join the Chamber of Com-1 "Dividends of a Family corpor- ?f IT d"2en zt diy.rt Jn hrtngins pressure t0 bear in the "ns rr ss It is sometimes complainell that the big companies are 'ft lleS1? ,n advfnce' M" too strongly represented in the Chamber of Commerce der the provision of this sec- i?ti"I!lrlir,in-and that they use their influence against free action of , " m il a SSSom the chamber. We do not think this is correct. If there is JfZ ofa Faml,y Z . too large a percentage of i-epresentation from what is jPSB " Sometimes known no thn Unrov Int-nt n lo k.., i.7 ' L'UC" I"aI' .comPanlf as John . P. MalaHv. tnlnln. .mil ..... uHvu.w), ii. io ucmujc nic luunro ine suojeci oi your eaitor- - : others refuse to ally themselves with the organization and - and it will be seen therefore JJSw u JShSS . & f . l take Dart n t. nrnrPPrl5nrf that vmlr remarks lmnlvin rim,hi d.Utrhti dlsembarked here frofn the, " ' . ... r." " II earner princess Nnenh vMrrto When a LrnvPi-nmPht frnvormAt rlnn,n,nt h taa"0" were rnisleadihg. For ex- nnhSil J Z 7", 'u "1' Pie. the income of a small eom- anciai concern i or any outside organization wishes infor- pdny to which the definition of a mULirin fir nrivipo in voiriwl In I'll nnn -..',. rvn.. ii n .. is made to the Chamber of Commerce. It is the recognized and naMnK. y. three shareholders, . . authority for the commercial life of the city If every mer- 18 not taxbk m tne nands the Mondays, Wednesdays and fVi. chant and professional man belotirari to ft nnd nttrnrirvi "m?fnt: .but .,s tax.ab,e ,n the days 3 pM the meetings there Wnnlrl Hp mA In if B n.eWltl, A "? are.l?0,ae? acP d , -o - " v - pooiuniHtof vrnw ui8 io ineir jnieresis as snarenoid- iues ot tne signs of a really hve town is a really live chamber ers. Dividends of such a company.! days of commerce or board of trade supported by the whole ta eCM of what would be the - business community. taxable income of the company, are , taxable In the hands of th hat-p. H The Fish which made Prince Rupert Famous "Rupert Brand" SMOKED BLACK C Prepaid Dally Hy Canadian Fish GoU Storage Co., Lid. PRINCE KUPEUt ac. holders, but only to the extent of such excess. That Is to say. the comtiahV oavs no tax- th ithr. I i holders are taed according to their 'proportionate interest in the net profits of the company, and. if dlvl !dends are paid, also on the amount I by which such dividends exceed the amount of net OTof its on which they , have already beert. taxed, there Is! therefore no duplication ot tax. By registering as a Family Cor- j potation In the manner provided by the act. the members have the advantage of being taxed at a lower 1 1 rate than the ten per cent charged i 4jon company profits, and can also kiuuii, iu iiiuiviuuciis, nigner ex-emjitions' than are afI6wedrto companies. As this seems rather an unpropl-tlous time to suggest to an already heavily loaded taxpayer that he Is being taxed twice on the same in- come by the same government, the foregoing Information Is supplied to you for use as you see fit. George noniE ti CO. From the East Tuesdays, Thursdays and 8atur 10:40 a m TELEPHONE 657 VALENTIN DAIKV FOk BREENA ItKAND Creamety Butter & Cottage Cheese Fitfesn rA8teontziiu milk ANIl nrtKAM DAILY Early iHlvcr lhromhom the City COAL! COAL! ' Satisfactloh guaranteed with our Famous Edson Alberta St Bulkley Valley Coal; No. 1 Buikley Valley Timothy Hay. Wheat, Oats St Barley, Pratts Baby Chick Food, Seeds it Fertilizer. Prince Rupert Feed Co PHONE 58 St 558 imp If .T. U , . v - - - - . Cool and Sweet ALWAYS! Year in and year out, Ogden's cut plug gives the same cool, 6vcet, fragrant smoke in a pipe - -winning new" friends while keeping the old, and it takes real quality to do that! OGDEN'S CUT PLUG bur Most Valuable Asset . . . 1 -j y iiTiii't It romforting to reflect that during a period wheii almost every type of investment lias caused heavy financial losses one of your anscU lias continued lo pay one hundred cents on the dfcllar. Hint asset Is Life Insurance. In a lime of uncertainties, Life Insurance hat remained a certainty. It has continued to provide caidi estate for the widows and fatherless con tiiiued to guarantee a definite nest-egg for old age. Life Insurance is the one asset you can't afford lo losi; the 6 nc asset which should he at large 4 possible. Talk it over whh a Life Insurance . representative and invest your savings where they Vrill he safest and render the mosl henefit Id yourself and family. Life Insurance Service Oni of seriei of mettagct tpontorej by Life Imurance Cumpaniet ytd "till yoUt ctt" Ml Otden't fine cut til&ttttt lobtifte. U 1 L.III1 J Let the Daily News Classified Ads. work for you.