RNC Rg Mi PE nea ers a te ae ~ No major tax cuts _ expected tonight OTTAWA (CP)—No of personal or corporation income tax are expected when Finance Minister Fleming presents the govern- ment’s 1958-59 budget to Parliament tonight. The budget’s main emphasis to shore up the economy against | likely will be on spending the recession. A record peacetime deficit of anywhere from $600,000,000 10 $1,000,000,000 appeared in pros- pect from the current year that ends next March 31. The pre- vious peacetime high was one of $390,342,586 on 1919-1920. The all-time high deficit was $2,558,- we 277,125 in the war year of 1944- 45. Prime Minister Diefenbaker already is on record as saying : the government won't let budget deficits stand in the way of moves to combat recession and unemployment. Mr: Fleming will start deliver- ing his first full-fledged budget in the Commons shortly after 6 p.m. MDT. He gave Parlia- ment:a tax-cutting “financial statement” last Dec, 6 amending the 1957-58 budget presented March 14, 1957, by former Liberal Finance Minister Walter Harris. major tax cuts in the fields clude a few select tax cuts. Some excise taxes may be reduced and revisions are likely in the tax on the oil industry to cut costs of searching for and developing new oi] deposits. Tariff changes also are eX- pected, both increases and de- creases with likely emphasis on upgrading. They are expected to have some impact on the iron and steel industries and on man- ufacturers of pipes and tubes. However, no immediate change is expected to result from a tar- iff board recommendation that duties be raised on wool cloth imported trom Britain. This may be a subject for negotiations at the Commonwealth trade and economic conference opening Sept, 15 in Montreal. Against the expected record spending, there may be a slight decline in government revenues with corporation profits drop~- ping and revenues from import Mr, Flemine’s budget may in- |. Ilackwood on BRIDGE By EASLEY B “POPOODIPPIPDEPILIPPEDDIPILIOD DIOLS naway for a_ while and “just returned from Wind- nd Detroit the home or. omes of the famous line of Chrysler carriages. Went down that way to locate the guy that sent us 4 car with a loose hubeap. I found him al- right. There he was banging on hubcap after hubcap and I spotted the guilty look in his eye as soon as he Saw me. “7 """ Actually loose hubcaps are not a serious situation on ordin- ary cars but we don’t go for that stuff in the Chrysler fam- ily. After I made sure he was attended to and the funeral was over I left for home and _that was that. On the way east I dropped in to see how Robert Sommers was making out and left the trial more convinced than ever that this Eversfield fellow is no So- cial Crediter. If he is he’s sure hiding it! And in Ottawa I called in to see how the John that was fol- lowed by so many is following , his promises. Even had din- > ner .'with three Conservative 5MPs from the west. Until re- ~¢ently it was a job to find three Conservatives from west so I ‘enjoyed the novelty, “Called in to see our Frank Woward who has his office dec- orated with pictures of our beautiful harbor and city — a refreshing sight in the smoke and hot air of the Capital City. While Frank is in a minority froup—and who isn't these days—he still has his say in the house and is heard frequently by the press which is good for us, . While in Detroit chanced to see a ball game with names like Berra, Mantle, Kaline, Martin, and even Sal Maglie. After watching those Jads roam the- diamond am convinced that Miner Simundsen couldn't make the outfield, Mind you most of them are younger than Miner which leaves an opening for a repent.of our local hero’s oft duties reduced because of lower shipments. ' LACKWOOD ; Not only defenders, but declarer must make the right decisions on the question of ‘wether to play second hand high or second hand low. On the first two leads in to- day’s hand Mr. Dale had to make two such decisions—and on them depended the success of the con- tract. North dealer Both sides vulnerable NORTH Mrs. Keen AQ8 3 K 9 5 05> Pon a ¥ ¢ oe WEST Mr. Champion &107532 w954 @#K65 & K 10 EAST Mr. Meek North 1 & 29 East Pass Pass 3 NT All Pass Mr. Champion opened his fourth best spade, the trey. Mr: Dale did not go up with dum- my’s queen. If he had, he would have lost his contract. Instead, he ducked in dummy to. slow down the spade leads until he could get a few things done for himself, Mr. Meek won with the jack and returned the six of clubs. It was a temptation ‘to duck again and let this run around to the queen. That was the safe play to make sure of two stoppers in the club suit. But Mr. Dale made the right play again. He played second hand high—up with the ace. He was not yet ready to permit an- other spade Jead through dum- my’s ace-queen, And surely a cautious, straight-forward fel- Jow like Mr. Meek would not un- derlead the king of clubs with the queen showing on the board, At trick three Mr, Dale went to dummy with the ace of hearts and led back the ten of dia- monds. He took the finesse when Mr, Meek did not cover and Mr. Champ won with the king. Now Mr, Dale could see day- light. He could count one spade South 19 2NT West Pass Pass quoted “In my day none ’a them guys coulda packed my spikes!” So now that Iam back on the barter beat at the corner of 2nd Ave. and Ist Street why not drop down for a word with the wice about cars, Dick Long and Tare here day after day until well into the evening with the place Ht up Jike a clreus, And before closing a word of welcome to the visiting tars who are no doubt doing their best to Hit the hearts of our falrest maldens as well as add a Ittle eotor to the community, by the way watch for head- Jine announcements of pending YV for the country folks here- abouts in the near future. Micro- ay Wave of same description so ‘they say at 2nd Ave, and Th St, As of now Bud Schuman and Ed Oarlson are climbing higher and higher on thelr super an- tenn and are pleking up the odd pleture, Betting among the doubting Thomases 8 that they'll get TH before TV If they continue to climb the mast In all weather. Let's all root for them however. In the meantime TN also root for Plymouth hee cause (hat's how T mate my Ive ings. By Art Murray , ‘ owe WRPLIPT TY OTOPITEDIIFOT ERO LITOES trick, four hearts, three dia- monds and a club. He tried for an extra trick by finessing dum- my's queen when Mr, Champion returned another spade, That lost to the king, but the king of clubs was the only other trick the defenders could take, Mr, Dale had to time his hand Just ‘as he did in order to make his contract, In effect, he re- fused two finesses on the first two tricks so that his diamonds would be set up before the enemy's spades, Commodore Cafe Wo cater to private partics, lunchcons and banquets. Accommodation — 130 persons Our specialty — Chinese Food For toke-out ordors Dial 3133 ee ee meee eee HH MMF A He HHH HV HEVVNVN IV VV VHT? Commons: SUMMARY 1956-57 1957-58 Expenditures 0.000: $4,849,000,000 $5,086,500,000 ROVCNUCS oie ee trees 5,106,506,006 5,047,100,000 Surplus Deficit — 95'7.500,000 39,400,000 REVENUE DIRECT TAXES : Income tax oo... ccs 1,400,500,000 1,499,200,000 Corporation income ‘tax .... . 1,268,300,000 1,234,800,000 Interest, dividends, rents, royalties going abroad . 76,400,000 64,300,000 Succession duties 0. oe 79,700,000 71,600,000 Total direct taxes ...... 000-5 2 824,900,000 2,869 900,000 INDIRECT TAXES Custom duties ...0 eee 549,100,000 498,100,000 Excise Duties Spirits, malt and beer ............- 153,400,000 171,800,000 Cigarets, cigars, tobacco ........... 121,100,000 131,600,000 Less Refunds .......0.0 0-0 ee —3,100,000 -—3,300,000 Excise Taxes Sales tax oooccccccccccceeeceeree cette 717,100,000 703,206,000 AUtOMODiES ooo eee 79,700,000 72,300,000 Soft drinks ...... ee 9,000,000 600,000 Candy, chewing gum 0.0... 9,800,000 700,000 Cigarets, cigars, tobacco ............ 132,300,000 | 142.400,000 Jewelry, watches ornaments .... 6,100,000 5,300,000: Matches, lighters .....0..00...0.255 800,000 900,000 Television, radios, tubes, phonographs 0.0. 19,000,000 16,900,000 Toilet preparations ...........- 6,100,000 6,300,000 WineS oe. e rece cee Qecceeecees cents 2,600,000 2,700,000 Sundry vccecccusseeneeteses cotnsveteeeeeeraee steed 2,300,000 1,400,000 Licences, interest, miscellaneous 500,000 600,000 Less refunds .........-.. cee eee — 1,100,000 —700,000 Miscellaneous ou... cee 18,300,000 1,560,000 | Totals indirect taxes ..............-.. 1,823 ,000,000 1,752,300,000 | re wee 0 OTHER REVENUE Non-tax revenue oo... } 458,600,000 424,.900.000 § Total Revenue occ 5,106,500,000 5,047,169.000 - EXPENDITURES Agriculture oo... ee 84,600,000 94,700,000 CBC i cecececet ce ctettereepee cc 39,300,000 43,600,000 Chief electoral officer ....... 200,000 13,600,000 Citizenship—immigration 44,500,000 52,400,000 Civil service commission ........... 2,700,000 3,200,000 Defence production ........0...--. 20,500,000 14,900,000 External affairs ......0..0.0 . 60,200,000 60,200,000 Interest on public debt .......... 520,200,000 539,300,000 Servicing public debt... 0... | 500,000 Bn0.n00 * Provincial subsidies ..0.00. 0.0... 20,600,000 20,600,000 Tax-sharing agreements . .... 365,900,000 353,300,000 Municipal grants |. 9,500,000 17,500,000 University grants 16,000,000 16,600,000 Canada Council grant co ee 100,000,000 FISN@YICS .occecccccc cect tte ce 13,800,000 16,400,000 Justice oe 7,000,000 7,200,000 Penitentaries 12,000,000 12,700,000 LADOY ooo ccc ceecceceeeee cess sete teeeee tens 75,900,000 82,700,000 House of Commons |... ee 5,400,000 5,000,000 Senate occ cccccceccecee cect ttecssst ee 1,500,000 1,500,000 Mines—technical surveys... 17,500,000 18,700,000 Coal board .. .. cette ce 9,700,000 8,800,000 National defence ....0.......... 1,759,400,000 1,668 500,000 Film board occ ce en 5,000,000 4,000,000 Health—-welfare oo... ee 33,500,000 38,700,000 Family allowances oo... boas 397,500,000 437,900,000 NRC—-atomie energy oo: 40,900,000 43,200,000 National revenue 61,800,000 867,700,000 Northern affairs |... 37,000,000 46,600,000 Post offlee oo. 140,000,000 153,300,000 Public wWork8 2... 20.0 ee 140,500,000 156,600,000 Trans-Cannda Highway 24,800,000 49,400,000 ROMP ooceccccccceccctsetseteccteceresteecctes 43,400,000 47,400,000 Trade—commerce .... Bee 23,600,000 23,700,000 TYANSPOMh oe ee ee 158,200,000 206,800,000 Veterans affairs beso vesnees 251,500,000 276,700,000 Miscellaneous oe eee 404,400,000 381,100,000 TOTAL EXPENDITURES .... 4,849,000,000 §,086,500,000 Oe ee ee ee Finance Minister Donald Fleming Revenues, expenditures in two-year comparison SNL NNN SN OTTAWA (—Breakdown of federal revenues and, ex- penditures contained in a white paper tabled today in the seem een Open 6 a.m. to lam, ] Notice of Hearing Royal Commission on Road User Charges Regional hearings and investigations of the Royal Commission on Road User Charges commence in the Prince George Court House, July 2nd, 1958 at 10:30 a.m, If possible briefs should be filed with the Secretary, M. H. A. Glover, Room 210, Parliament Buildings, Victoria, 26th, 1958, by June ee ale om rcent in 1956.” i: : ; LOAN DEMAND DIPS horsey ete piape eine nae : TAA A a ERE LOE A EON tr eee ° , EE A TE Bs ie ged ie BARE BE ROGUES " ci fa DL PRL AS RE Sees Ser Me pa eee ev be bho Oe Nem e we EH E rn oe . Sa ten te hy woe eee wee y Ne | | @ | ing recession Economy absorbs beating in 1957 By HAROLD MORRISON Canadian Press Staff Writer OTTAWA (CP) —The high-flying Canadian economy took a double beating in 1957, Finance Min- ister Fleming infoymed Parliament yesterday. Its speed was slowed by a drop in world demand for some key axport products, idling part of an expanded industrial machine and throwing some breadwin- ners out of work, And while the basically-sound economy still managed to ab- sorb a big slice of the work force boost--providing more workers with more pay—a big chunk of the pay increase was eaten up py higher living costs. In 1956 the rise in living stand- ards for the average Canadian was the biggest in post-war his- tory. In 1957, the rise was only “slight,” Mr. Fleming noted in his pre-budget white paper, de- scribing 1957 as the year of “re- cession.” MORE JOBS ' ‘The number of Canadians with jobs increased to 5,661,000 from 5,526,000 in 1956, whilé those without jobs and seeking work also rose to an annual average of 254,000 from 179,000. The rise in unemployment was “substantial,” partly because of the recession and partly because of an unusually sharp rise in the labor force. The flow of immi- grants was heavy. Adding to problems was the fact that more housewives, older persons and others decided to take up work outside the home. Wages nevertheless rose, with the annual average pay elimbing by $141 or four per cent to $3,534. So did consumer prices, which meant that for the average Can- adian “the improvement in real income for 1957 was slight com- pared to the advance of four per 4 777 Prin¢e Rupert Daily News Tuesday, June 17, 1958 veccacscaptease niveres wysunnpmecrmnabinreretettt {81a eAlCOPGre te AA eine eres gavin a eeunteinte nna mney ed an ava am met art save up to 50% on regular ~U DRIVE RATES Hourly, Daily, Weekly and Monthly Rates on. 1958 Austin and Morris Cars From $2.50 per day, 5¢ per mile, plus gas Reserve Now BROADWAY U DRIVE LTD. | 996 W. Broadway Vancouver, B.C. Phone BAyview 1616 Rates declined when demands for loans dropped in the latter part of the year. The rate de- cline also was attributed by Mr. Fleming. to action by the Bank of Canada and “other factors.” Advertisina in The Dailv News Brinas Results — “Man, I’m sold on ADAMS OLD!” “Demand for loans was heavy in the first part of the year— i \ \ | when the Liberals were in power —-and slackened in the last half —-when the Progressive Conser- vatives took over. Interest rates climbed as the expansion in the country’s money supply failed to keep up This advertisement is not published or displayed by the Liquor Control Board with the rapid demand for loans. or by the Gevernment of British Columbia AMHERSTBURG. ONT. G-5737 denen meter eee ena ere nh ce OE CORTE ACN SI | WESTERN COACH LINES LTD. PRINCE GEORGE, B.C. Prince George DAILY Prince Read Read Down Miles Up 8:00 P.M. 0 Ly. PRINCE GEORGE ........--:::crecererer trees Ar, 10:45 9:00 26 Telechik ........-. cee vennceaceuawaneneeatntneceteetecsaeeeiees 9:50 9:40 44 Finmore Jct. 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