Bill No. 44 of 1934. A BILL TO AMEND THE CORPORATIONS TAXATION ACT. NOTE. By this Bill

section of the Act is amended for the pur­ pose of clarifying the same. (SeCtion 2.)

Section of the Bill makes it an offence for any person to translact the ordinary business of a company liable to the tax imposed by the Act whilst the tax -remains unpaid. R. ANDREW SMITH, Legislative Counsel. (This note does not form any part of the Bill and 'is off.ered merely as a partial explanation of some of its provisions.) BILL No. 44 of 1934.

An Act to amend The Corporations Taxation Act. (Assented to , 1934.) HIS MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of Alberta, enacts as follows: 1. This Act may be cited as "The Corporations Taxation Act Amendment Act, 1934." 2. The Corporations Taxation Act, being

chapter of the Revised Statutes of Alberta, 1922, is hereby amended as to

section thereof by striking out subsection (1) thereof and by substituting therefor the following: "18.-

(1) Every company other than a municipal cor­ poration which in any year transacts in the Province any of its ordinary business shall pay a tax in respect of that year of forty cents for every thousand dollars of its authorized capital or the sum of five hundred dollars, whichever is the lesser: "Provided, however, that this

section shall not apply to an individual, a partnership, an unincorporated syndicate or trust, nor to any person or company or corporation taxed under the provisions of The Railway Taxation Act." 3. The said Act is further amended by inserting therein, immediately after

section thereof, the following new section: "22a. Every person who as an employee, representative or agent transacts in the Province any of the ordinary busi­ ness of a company which is by this Act liable for the pay­ ment of any tax at a time when the tax so payable has not been paid, shall be guilty of an offence and shall be liable on

summary conviction therefo~ to a fine of not more than five hundred dollars and costs, and in default of payment to imprisonment for a term of not more than ninety days." 4. This Act shall come into force on the day upon which it is assented to. No. 44. FOURTH SESSION SEVENTH LEGISLATURE GEORGE V BILL

An Act to amend The Corporations Taxation Act. Received and read the First time ............................. . Second time ................................................ . Third ~llUt:L ............ . HON. MR. LYMBURN EDMONTON: . W. D. MCLEAN, KING'S PRINTER Title: 1934 (7th, 4th) Bill 44,

An Act to amend The Corporations Taxation Act