Hon. CHARLES STEWART (Minister of the Interior):
I desire to make a correction
in an answer I made to the leader of the opposition (Mr. Bennett) on Friday last in connection with the taxation of oil companies. I was in error in that answer. Taxation of oil companies was decided upon in July, 1929. The companies were notified that taxation would begin on the 1st January, 1930, and I am informed by the department that practically all the oil companies have made their initial payments. I was in error in connection with the proposal to impose a royalty on gas. That we had decided to leave inasmuch as the time for the return of the natural resources was so close.