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l a n k of Glattaim , October 15th, 1942 The Hon. Marriner S, Eccles, Chairman of the Board of Governors, Federal Reserve System, Washington, D.C. Dear Mr. Eccles, As promised in my letter of August 4th last, I am forv/arding under separate cover the official table of income tax deductions which employers are required to make in respect of salaries and wages, and am also sending two pamphlets which explain and illustrate our new income tax provisions. Yours sinceiraly, October Ify dear Governor Towers: Shis ia to thank you for your letter of October 15 and for the official tables of income tax deductions, this Material is of particular interest to us and X appreoiate your thoughtfulness in sending it. I have strongly favored withholding at the source and whlla ire have made a saall beginning in the user tax bill, it does not begin to go far enough. Sincerely yours, Honorable G* ?* Towers, Bank of Canada, Ottawa.