COMPULSORY LOANS

Dominion, Volume 11, Issue 222, 7 June 1918, Page 4

COMPULSORY LOANS

STATEUEN'OY THE HON. AIITHUM MYERS. The Hon.•■■Arthur M. Myers, AclinitMinistor of Finance, mado some reference ', yesterday to tho criticisms that have'appeared' recently in, tho l'ress regarding the compulsory subscription to tho War Loan. Ho again desired to point out that the people liable to contribute, to tho War Loan were tho people who paid land or income tax, or both combined.- In assessing tho amount contributed undor the provisions of tho Act, duo regard would bo.given to Iho circumstances of each case. "It may bo taken for granted," said Mr. Myerj, "that jf a .man is asked lo contribute according: to Iris means; in judging the amount no more will be taken from him Mian will leave sufficient- to carry on his business. Looking at the matter in this way, it would be impossible to ruin a man as has been suggested by some correspondents in newspapers. : Even if in fixing the contribution the Commissioner of. Taxes were to lake an unreasonable view, the taxpayer is'safeguarded by tho rights of appeal given to him." o With reference to the statements Unit have been made that the legislation was hastily rushed through the House, II r. Myers; ventured the opinion that any further consideration" given to the Bill would not have resulted in any great improvement of' the provisions, and that, any further elaboration' of the present provisions would have reduced their elasticity, whilo it was doubtful if the interests of tho taxpayer could have been, more perfectly safeguarded than they are now by tlio rights of appeal given.