Alexander Duncan MCRAE

MCRAE, The Hon. Alexander Duncan

Personal Data

Party
Conservative (1867-1942)
Constituency
Vancouver North (British Columbia)
Birth Date
November 17, 1874
Deceased Date
June 26, 1946
Website
http://en.wikipedia.org/wiki/Alexander_Duncan_McRae
PARLINFO
http://www.parl.gc.ca/parlinfo/Files/Parliamentarian.aspx?Item=abb9e2c0-4713-401f-b0df-22b77db37572&Language=E&Section=ALL
Profession
farmer, lumber merchant

Parliamentary Career

September 14, 1926 - May 30, 1930
CON
  Vancouver North (British Columbia)
September 4, 1931 - May 30, 1930
CON
  Vancouver North (British Columbia)

Most Recent Speeches (Page 2 of 23)


May 24, 1930

Mr. McRAE:

I might add to the minister's statement by giving some instances of the reductions as applied to certain companies. I have here a schedule which has been worked out for me by a reliable accountant, and I submit it as being approximately correct. The schedule covers thirty companies and shows a reduction from the old tax of 33 per cent on the shares of such companies as Noranda and International Nickel, increasing in the case of the penny stocks up to as high as 98 per cent reduction of the old tax. For instance, in Thomson-Cadillac the old tax has been reduced 96 per cent. The so-called penny stocks are reduced from 64 to 99 per cent. The average reduction might be said to be 75 per cent. In the higher priced stocks the reduction is from 33 per cent up to 50 per cent. The tax on Hollinger, for instance, selling at the present market price of $6.55, is reduced by one-half, while on Teck-Hughes selling at about the same price, $6.75, there is a similar reduction. I think that is a fair statement of the general application of this new schedule.

There is another matter that I would bring to the attention of the committee. It has to do with the question of the share tax in Canada as compared with the share tax in the United States. In that connection, exclusive of provincial tax I find that a stock such as Hollinger, selling at a price of $6.55 per share, carries a tax on a sale of one thousand shares in New York of $2, while the tax in Canada under this new schedule is $10.

Topic:   WAYS AND MEANS
Subtopic:   SPECIAL WAE REVENUE ACT
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May 24, 1930

Mr. McRAE:

Would the minister at the

same time ascertain the approximate expense involved in checking up this tax in the various brokerage houses throughout the country, the cost of superintendence?

Topic:   WAYS AND MEANS
Subtopic:   SPECIAL WAR REVENUE ACT
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April 11, 1930

Mr. McRAE:

Perhaps I might speak to this item as it happens to be in a district with which I am very familiar. The line is an extension from Lillooet to Squamish. That country has been opened u,p for some fifteen years and communities have been established along the railway line. The railway company, the Pacific Great Eastern, have been somewhat embarrassed by all the demands made on their system, and they have particularly requested to be relieved from the responsibility of providing a public service. They are so much concerned about the situation that they offered the use of their telegraph poles. The result is that a proposal has been made to the government that they should provide the wire in this district, which must necessarily become an integral part of the Dominion telegraph andi telephone system, and take over the service. I am quite sure the government will find that the service will be remunerative from the start. The matter has been before the government for many years, and I want to commend the minister for bringing down this vote, which will give to these communities extending over a distance of eighty or ninety miles the service which they have long sought.

Topic:   DEPARTMENT OF PUBLIC WORKS
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April 11, 1930

Mr. McRAE:

I had the privilege last

session of saying a word of appreciation of the government telegraph service in our province. We seldom hear anything in the house about the service. It is strictly a pioneer service, and I for one would regret indeed to see the system curtailed or disintegrated. I should like very much, as the hon. member for Comox-Albemi (Mr. Neill) has said, to see the government continue the work they have so long carried on in connection with this telegraph service. I am sure hon. members from the prairies do not fully appreciate

some of these far-flung districts in British Columbia which the government telegraph service is connecting up with civilization. Many of these districts would be without direct communication to-day but for the government service. On a commercial basis it would be absolutely impossible to maintain the present service. True, there may be some deficit annually, but I believe that that deficit will not be lessened by selling such sections of the system as a private corporation might feel disposed to take over. I rather think the government will find on careful investigation that those sections are remunerative and help, in part, to cany the burden of the whole system. This is a pioneer service which is due to the remote settlements in our province, and which I believe the government and the government alone can supply.

Topic:   DEPARTMENT OF PUBLIC WORKS
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April 2, 1930

Mr. McRAE:

Mr. Speaker, I rise to a point of order. I promise the hon. minister that I would do better than the previous minister did last year. The net loss in population last year was nine and the expenditure $3,600,000 I would do better than that.

Topic:   SUPPLY-UNEMPLOYMENT
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