CANADIAN BONDS
EXEMPTIONS FROM TAX.
(United Press A -isolation —By Electric Telegraph—Copyright.)
OTTAWA, March 31
r :Five ’ per.A'cent tax on the interest payable on Canadian ; bohds by nonresidents of Canada, as proposed in the Budget, will diet apply to any bond, public or private, oil which the interest ii payable in currency, other than Canadian, stated Mr Rhodes, Minister of Finance, in the House to clear up the" misunderstandings that had arisen over the operation of this tax, which had resulted?gin dealings in Canadian Bonds and certain securities being suspended mi the London Stock Exchange.
Mr Rhodes said that the exemption was granted because, while there wa’s 110 doubt about the power of Parliament to impose such a tax as was done in the ease of other countries, nevertheless misunderstanding might arise in the minds of non-resident investors, who purchased Dominion securities in their own country and which were payable in theii-vCWn currency.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/HOG19330403.2.10
Bibliographic details
Ngā taipitopito pukapuka
Hokitika Guardian, 3 April 1933, Page 3
Word count
Tapeke kupu
153CANADIAN BONDS Hokitika Guardian, 3 April 1933, Page 3
Using this item
Te whakamahi i tēnei tūemi
The Greymouth Evening Star Co Ltd is the copyright owner for the Hokitika Guardian. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Greymouth Evening Star Co Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in