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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

Yours sinceiraly,


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,