Mr. DOUGLAS (Strathcona):
like to support the contention of the hon. member for Three Rivers (Mr. Bureau). I have a case in point of a firm who are doing business as cattle buyers and meat packers, whose capital is somewhat limited, but who are serving a very useful purpose in the community in which they do business. These people inform me that they require to borrow from the bank very large sums of money on short-date notes, it may be five days or it may be ten days, and they are doing this throughout each month of the year, covering up in five or ten days, as the case may be, with the result that, during the who)e year's operations, they use an aggregate of a quarter of a million dollars. This tax of two cents cn each $100 is going to be a serious obstacle to their financing, and would effect a hardship on concerns carrying on such a tremendous business on such a small capital.
Subtopic: SPECIAL WAR REVENUE ACT AMENDMENT, 1915. (BILL 183.)