May 8, 1931 (17th Parliament, 2nd Session)

CON

Richard Bedford Bennett (Prime Minister; Minister of Finance and Receiver General; President of the Privy Council; Secretary of State for External Affairs)

Conservative (1867-1942)

Mr. BENNETT:

I am very glad the right hon, gentleman mentioned that because really I did not suppose it was necessary in this day and generation to say that the bonds and the interest therefrom are all taxable. The nontaxable feature which is, of course, a part of the contract of the old bonds, cannot be abrogated, but none of the new bonds is free from taxation as to principal or interest. They are all taxable.

Topic:   DOMINION CONVERSION LOAN
Subtopic:   STATEMENT BY PRIME MINISTER OF EXCHANGE PRIVILEGES OFFERED TO HOLDERS OF GOVERNMENT BONDS
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