Mr. NOSE WORTHY:
I should like to ask a question along the same lines as that asked by the hon. member for Rosedale. Let us suppose that six prospectors find a claim and the claim is sold to a syndicate, which in turn sells the stock to the public and realizes, let us say, one million dollars on the transaction. That one million dollars is considered a capital gain and is not taxed. Has not that been happening all the time?
Topic: INCOME WAR TAX ACT