OOR remarks on tho subject of taxation of machinery have been acted upon, and a meeting of all owners of machinery is con vened for Monday afternoon next, at three o'clock, in the Albert Hall. Tho tax, it must be remembered, will affect factories of every description, foundries, sawmills, sewing machines, andallkinds of machinery; the attendance of those concerned should, therefore, be large. Though lato in the session, a strong resolution carried by persons deeply interested in the industries of tho place might not be without good etl'ect, even at the eleventh hour. The Treasurer informed the House yester day that the tax would be at the rate of a penny in the pound. If levied, this will fall with crushing weight upon mining and general machinery, which is not now paying interest on the investment. The only safety offered under the Act appears to be that the valuation shall be auction rate. It will take a clever auctioneer to deter mine what half the machinery in this Pro vincial District would bring if submitted to forced sale. Certain it is, however, that the valuation would bear little or no rela tion to the original cost.
