84 CANADIAN PACIFIC RAILWAY

TAXATION.

collected directly by the Provincial Government and form part of

the consolidated revenues of the province, which are expended in
public improvements, roads, trails, wharves, bridges, etc., and in the ad-
ministration of justice, and assistant in maintaining the schools. The
sates imposed by the last assessment act are as follows:—

On personal property, one half of one per cent; on improved real
estate, one half of one per cent; on wild land, four per cent; on working
coal mines (known as class ‘‘A’’), one per cent; on unworked coal mines
(known as class “B’’), two per cent.; on timber land, two per cent; all
being on the basis of assessed values.

All incomes up to $1,000 are exempt. On taxable incomes of $2,000

the assessment is one per cent, and this increases by small percentages up
to incomes of $7,000. Over the latter the rate is 214 per cent. These rates
are lower than those levied in former years. A discount of.10 per cent is
allowed on all taxes (except school taxes in rural districts) if the amount is
paid by the 30th of June.
"In addition to the above there is a tax on all coal shipped from the
mine of 10 cents per ton, and on coke of 15 cents per ton. Minerals are
taxed 2 per cent on the gross value at the mine, less the cost of transpcrta-
tion and treatment. A royalty is reserved on minerals where the tax is
not exigible. Unworked Crown granted mineral claims are taxed at the
rate of 25 cents per acre. The following exemptions are allowed:—

On mortgages as personal property;on the unpaid purchase money of
land as personal property; on household furniture and effects in dwelling
houses; on homesteads under the Dominion Land Act and on pre-emptions
under the Provincial Land Act for two years from date of entry and to
the extent of $500, for four years thereafter; on farm produce and on live
stock and machinery on the farm up to the value of $1000, and on all income
from the farm.

Exemption from personal property tax is also allowed on the following :—

On moneys deposited in banks; on minerals, matter or bullion in the
sourse of treatment; on timber and coal lands held under lease or license
from the Crown; on timber cut from Crown leaseholds or from lands held
under license from the Crown; on timber cut from lands other than Crown
jands, if the tax payable under the land Act has been rfaid.

All pensions paid out of the King’s Treasury or out of public moneys
»f the Dominion of Canada or any province thereof, are exempt from
“mcome tax.

_ . Aroyalty of fifty cents per thousand feet of board measure is reserved
to the Crown on all timber cut from Crown lands, from Railway Subsidy
Jands and from lands held under lease or license from the Crown; alsoa
‘royalty of 25 cents per cord of wood cut upon the Crown lands, timber lease-
holds and timber limits. A tax is payable under the Land Act upon all
timber (except that upon which a royalty is reserved), but a rebate is
allowed where the timber is manufactured or used in the province. There
is also a revenue tax of three dollars payable annually by every male person
over eighteen years of age. There are also succession duties and probate
duties payable on the estates of deceased persons. A local school tax in
rural school districts, outside of municipalities is also payable. The rate

Oyocites of incorporated municipalities, all taxes are imposed and