Hon. Douglas Abbott (Minister of Finance):
Mr. Speaker, in my financial statement last evening I announced that the excise tax of ten per cent would be increased to fifteen per cent on a list of items, which included furs. I find that through a clerical error no mention was made of furs in the resolution I subsequently tabled. Therefore I wish to give formal notice that the proposed amendments to the Excise Tax Act will include an increase from ten per cent to fifteen per cent in the excise tax on furs, effective as from this morning.
Subtopic: CHANGES IN EXCISE TAX-INCLUSION OF FURS IN AMENDING RESOLUTION