IMAGE EVALUATION TEST TARGET (MT-3) /. y. i 1.0 I.I IS |i£ 12.0 I 1.8 '\-\ L25||u,j^ < 6" ». Photographic Sciences Corporation 33 WIST MAIN STRKT WEBSTIR.N.Y. 14580 (716) 872-4503 CIHM/ICMH Microfiche Series. CIHM/ICMH Collection de microfiches. Canadian Institute for Historical Microreproductions / Institut Canadian da microraproductions historiquas Tachnical and Bibliographic Notaa/Notaa tachniquaa at bibliographiquaa Tha Initituta has attamptad to obtain tha baat original copy availabia for filming. Faaturaa of thia copy which may ba bibliographically uniqua. which may altar any of tha imagaa in tha raproduction, or which may significantly changa tha usual mathod of filming, ara chackad balow. □ Colourod covara/ Couvarturo da coulaur pn Covars damagad/ D D D D D D Couvertura andommagia Covars rastorad and/or laminatad/ Couvartura rastaurte at/ou pailiculte I — I Covar titia missing/ La titra da couvartura manqua I — I Colourad maps/ Cartaa giographiquaa an coulaur Colourad ink li.a. othar than blua or black)/ Encra da coulaur {\.9. autra qua blaua ou noira) Colourad plataa and/or illuatrations/ Planchaa at/ou iiluatratlona un coulaur Bound with othar matarial/ RalM avac d'autraa documants Tight binding may cauaa shadows or distortion alcng intarior margin/ La r% liura sarria paut eauaar da I'ombra ou da la distoraion la long da la marga intiriauro Blank laavas addad during raatoration may appaar within tha taxt. Whanavar possibla. thasa hava baan omittad from filming/ II sa paut qua cartainas pagaa blanchaa ajoutiaa lors d'una rastauration apparaiaaant dana la taxta. maia. lorsqua cala itait possibla, cas pagaa n'ont paa «t« film^aa. Additional commants:/ Commantairas supplAmantairas: Tl to L'Instltut a microfilm* la maillaur axamplaira qu'il lui a 6t* possibla da sa procurar. Las ditaiis da cat axamplaira qui sont paut-4tra uniquas du point da vua bibliographiqua, qui pauvant modifier una imaga raproduita. ou qui pauvant axigar una modification dans la mtthoda normala da filmaga sont indiqute ci-dassous. r~~| Colourad pagaa/ D D El D D n Pagaa da coulaur Pagaa damagad/ Pagaa andommagias Pagas rastorad and/or laminatad/ Pagaa raataurtes at/ou palliculAas Pagas discoiourad. stainad or foxad/ Pagas dicolortes, tachatias ou piquias Pagaa datachad/ Pagas d^tachias Showthrough/ Tranaparanca Quality of print varias/ Qualiti inigaia da I'imprassion Includas supplamantary matarial/ Comprand du matiriai supplimantaira Tl P o fl O b« th ai ol fli ai Ol r~~| Only adition availabia/ Tl sr Tl w M dl an ba ri| r» mi Saula Adition disponibia Pagas wholly or partially obscured by errata slips, tissues, etc., have been ref limed to ensure the best possible image/ Lea pagas totalement ou partiailement obscurcies par un feuillet d'errata. una pelure, etc., ont M filmies A nouveau de fapon i obtenir la mailleure imaga possible. This item is filmed at tha reduction ratio chackad below/ Ca document est film* au taux da rMuction indiqui ci-dessous. 10X 14X 18X 22X 26X 30X y 12X 1IX 20X a4x 28X 32X Th« oopy fllm«d h«r« hm h—n rtproduoMi thanks to tiM g«n«ro«ity of: L'oxomplairo filiii4 f ut raproduH grico A la gAnArotM da: UnivtraM d« Montrfal Uni««nh4 (to Montriil Tha imaoaa appaaring hara ara tha bast quality possibia considaring tha condition and lagibility of tha original copy and In kaaping wKh tha filming contract spaclfications. Original copias In printad papar oovars ara fiimad baginning with tha front covar and anding on tha last paga with a printad or lllustratad Impras- sion, or tha bacic covar whan approprlata. All othar original copias ara fiimad baginning on tha first paga with a printad or lllustratad impraa* sion, and anding on tha last paga with a printad or lllustratad Imprasston. Tha last racordad frama on aach microficha shall contain tha symbol — »• (moaning "CON- TINUED"), or tha symbol V (moaning "END"), whichavar appiias. Las imagas sulvantas ont At4 raprodultas avac la plus grand soin, compta tanu da la condition at da la nattat* da i'axamplaira film*, at an conformiti avac las conditions du contrat ds filmaga. Laa axamplalras origlnaux dont la couvartura an paplar aat ImprimAa aont KJImAa an commandant par la pramlar plat at an tarmlnant salt par la darnlAra paga qui comporta una ampralnta d'Impraaalon ou d'lllustratlon, salt par la sacond plat, salon la cas. Tous las autras axamplalras origlnaux sont filmta an commanpant par la pramiAra paga qui comporta una ampralnta d'Imprasslon ou d'illustration at an tarmlnant par la damMra paga qui comporta una talla ampralnta. Un das symbolas suKrants apparaltra sur la darnlAra imaga da chaqua microficha, salon la cas: la symbols -^ signifia "A 8UIVRE", ia symbols ▼ signifia "FIN". Maps, platas, charts, ate, may ba fiimad at diffarant raduction ratios. Thoaa too larga to ba antiraly included in ona axposura ara fiimad baginning in tha uppar !aft liand cornar, laft to right and top to bottom, as many framas as raquirad. Tha following diagrams iliustrata tha method: Las cartas, pianchas, tableaux, etc., peuvent Atre fllmAs A dee taux da rAductlon diff Arents. Lorsque le document est trop grend pour Atre reproduit en un seul cilchA, II est fllmA A partir da i'engle supArieur gauche, do geuclie A drolte. et de haut en bas, en prenant la nombre d'Imagas nAcessalra. Lea diagrammas suivants illustrent ia mAthode. 1 2 3 1 2 3 4 5 6 THE BUDaET SPEECH -OF- HON. MR. WURTELE, Treasurer of the Province of Quebec^^ DELIVERED i BiBLiOTH^QUE OlST TliE 15TH l^J^-sr, 1882 QUEBEC: PRINTBD AT THE "mOENINQ CHRONICLE" OFFIOBi 1882. "'V^ 'W i V ' -W H >i..m j w ." ' " wipii » - y i \^ m t j« r m m iff If - \ THE BUDGET SPEECH OF- '--3 . C BlBLIOTHEQUE HOK MR WtJRTELE, Treasurer of the FroYince of Quebec, DELIVERED on the ISth MAY, 1882. Mr. Speaker, — In accordance with the provisions of section 54 of the British North America Act. which forms the written part of our constitution, I place in your hands the message of His Honor the Lieutenant-Governor, recom- mending to the consideration of this House, the supple- mentary estimates required to complete the expenditure of the current fiscal year and also the estimates for the expenses of the fiscal year commencing on the 1st of July next. Before moving that you do leave the Chair and that the House do resolve itself into Committee of Supply, I have to explain to this House the financial position of the Province, to ask it to approve of and vote the amounts required for the current year and also for the wants of the coming one, and finally to show in what manner the Government intends to provide ways and means therefor. I hope to be able to make my explanation of the budget in a clear and lucid manner, without inflicting too long a speech upon you. I therefore broach the subject at once. =5»^«5BW"TT<**'!Tf^:'a'*"»'|^^i' ^ I- ■ ■ _. ■ V * ■■■ • PRESENT FINANCIAL POSITION. The fourteen years which have ehipsed, from the Con- federation of the Provinces up to the 30th June last, show receipts to the amount of 129,580,334.45, while, during the same period, the expenses reached the iigure of $30,295,- 440.41, thus exceeding the receipts by ^7 15,105. 96.'»<= There remain yet six weeks ol the present fiscal year, and I am, therefore, unable to state precisely the amount of its total receipts and expenditure, but it is easy to foresee, approxi- mately, the result of the financial operations of the year. Owing to the payment of the sum of $554,146.83, by which Montreal has paid off its municipal loan, I think we will have, this year, a surplus of about $50,000. Deducting this surplus from the deficit of the fourteen preceding years, we will have on the 30th of June next, a deficit, not for the year, but as a result of the whole period of fifteen years since Confederation, of $665,105.96. During those years, w^e have expended, for the erection or purchase of buildings, the following amounts : Public Departments • $502,259 00 Jacques C artier Normal School 138,348 02 Government Offices in Montreal 16,000 00 $ 656,607 02 On the sums loaned by Govern- ment there still remain due the following amounts : Dorchester Bridge $15,000 00 Beauport Asybm 19,000 00 St. Jean de Dieu Asylum 51,000 00 $ 85,000 00 Making a total of. $741,607 02 This amount exceeds the deficit by $76,501.06. • See Appendix A— Table No. 1. iV^*,. Since the Ist July, 1874, the Province has paid, out of ordinary receipts, the sum of $4,184,417.62 for interest aud amortization of loans. These two facts, the payment of $741,607.02 for build- ings and in loans, and that of $4,184,417.02 for interest and amortization, exonerate the Conservative Governments, which have managed the affairs of this Province, with only one short interval since Confederation, from those charges of extravagance in the management of public business, which some persons are in the habit of bringing against them ; for, without the payment of these amounts for buildings, loans to Public Institutions and for interest and amortization of the public debt, we would have, at the end of this fiscal year, an accumulated surplus of $4,200,918.68, instead of a deficit of $665,105.96. That spirit of progress which, notwithstanding the as- sertions of some detractors, exists in this Province, as well as in the other portions of the Dominion, led this Legislature, in the first place to grant liberal subsidies to railway companies and afterwards to cause the Government of the Province to undertake the construction of the Quebec, Montreal, Ottawa and Occidental Railway. For that pur- pose, the Government was compelled ■ > effect four loans which, with $32,686.21, obtained from tht sale of materials, gave the sum of $14,562,356.34 as net proceeds. We have paid, up to date, for the construction of the Provincial Railway, the sum of $12,534,830.38, and in subsidies, the sura of $2,410,441.54, making altogether $14,945,271.92.* Deducting from this latter amount, the net proceeds of the four loans and of the sale of materials, wJiich, together make up the credit side of the Consolidated Railway Fund, we find an excess in the expenditure of $382,915.58. To this deficit in the Consolidated Railway Fund must be * See Appendix A — Table No. 2. frr"l. 6 added the sum of $190,787.80, duo for tho balance of the price of land, and i|100,000.00 to meet claims for works of construction on the ProTincial Railway completed before its sale. These two sums make an amount of $299,737.80, and bring up the deficit of the Consolidated Railway Fund to $682,652.88. I do not add to this deficit the sum of #220.000, the amount of the estimate for completing Ht. Andrew's Street, extending the railway to deep water along the "Louise" embankment, and removing the line from Prince Edward Street, for the payment of this amount will not fall upon the Government. If arrangements are made with the city of Quebec, the amount will be paid off by means of a portion of its subscription ; and, if none are entered into, it will have to be met by the North Shore Railway Company. The deficit of |665,105.9G in the Consolidated Revenue Fund, added to the deficit of $682,652.88 in the Consoli- dated Railway Fund, will make, at the end of the current fiscal year, a floating debt of $1,347,758.84.^ Of this amount $1,048,021.54 are represented by temporary loans, and by the balance, $539,202.53, of the deposit made by the Quebec Central Railway Company, while $299,737.30 represent claims. The deposit made by the Quebec Central Railway Com- pany is repayable, with interest at 5 per cent, by half-yearly payments of $67,646.67 ; but steps must be taken without delay to provide for the payment of the balance of the floating debt. There remains, on the subsidies voted by the Legislature to different railways, a balance to which these companies have not yet become entitled, and which amounts to $1,507,597.45.1 The payment of at least one million dollars • See Appendix A — Table No. 9. fSee Appendix A— Table No. G. f0i^- of this sum, within a period more or less remote, must be provided for. The iloatiug debt of $1,347,758.84, forms, with the bal- ance of the railway subsidies, a grand total of $2,865,356.29. This is the amount of engagements which the Government has to meet ; one portion immediately, another portion in the near future, and finally about $500,000 at a date which is remote, it is true, but which it is impossible to determine. NEW LOAN. ' Under these circumstances, what is to be done ? Mubc we have recourse to taxation, in order to raise this sum ? It is impossible to do so, for the amount is so great that it would necessitate too heavy a tax. There remains but the alter- native of a loan ; and I am cf opinion that that is the means which we should adopt. The Government has promised the public that it will effect no more loans for new works or new requirements, and it keeps its word. The power which the Government asks to issue bonds or debentures, will not have the effect of creating a new debt. It will in no wise increase oar present indebtedness ; it will simply be the conversion of a floating debt, which is always more burdensome than a funded one. In order to meet the payment of the sum of $2,355,356.39, which the Province is called upon to make before long, on the grand total of $2,855,356.29, as well as of any sum which may eventually be awarded to Messrs. McGreevy and Mac- donald, by the arbitrators appointed to investigate their claims, and also to provide the sum of $300,000 required to complete the Departmental Buildings and Houses of Par- liament, I propose, therefore, that bonds or debentures be created to the extent of $3,000,000, which will be issued ^-^.■- ,"- ";^. "' , ., : ■ ^ , ^ .; -,->. .•' „ ^ ■_ . ' . ;"-,. \' ' '■ i;-' •.".'. ,'.' j # f I and negotiated, as the wants of the Province will require and as opportunities occur for disposing of them. The sum required at once is ^17,646.67, which is made up as follows : Temporary loans, $600,000 ; half-yearly instalment payable to the Quebec Central Railway, $67,646.- 67 ; claims for work on the railway, $100,000 ; and for the construction of the Departmental Buildings and Houses of Parliament, $150,000. It will therefore be necessary to issue and dispose of bonds or debentures for one million dollars, as soon as possible. . The banking institutions have, since I have had the honor of occupying the position of Provincial Treasurer, shown themselves, as in the past, very well disposed towards facilitating the financial transactions of the Government. While awaiting the disposal of this issue of one million, I have every reason to believe that 1 will be able to renew the present temporary loans and elFect new ones. There is sufficient capital in the Province to enable us to place this loan upon our own market. Such a proceed- ing will be an advantage, both to the public and to the Government itself. It will offer a safe investment to per- sons who have capital to dispose of and will retain in the country the heavy amounts which, otherwise, would leave it every year in payment of interest ; and it will give those who may become holders of such bonds or debentures, an interest in the proper administration of the affairs of the country. On its side the Government will effect a saving in the cost of investment and management. The bonds or debentures will be for $500 each and will bear interest at 5 per cent., payable half-yearly on the 1st of January and 1st of July. The Government shall have the right to redeem these bonds or debentures, at any time. ,i■^tJ:.^^ ■vlliT^^r 9 after the expiration of thirty years from the liiHt of ,Ui^y next. Thoy will bo made to order and will be rej^istered in books kept for that purpoHo at certain specified places ; but the registration of any bond or debenture may bo trans- ferred from one place to another And the holders of such debentures to order may exchange them for others payable to bearer. The payment of the interest upon each bond or debenture will bo effected at the place where it is registered. This loan of three millions will, in fact, be the establish- ment of a constituted rent. The loan is essentially redeemable by the Government, just as a constituted rent is redeemable at the option of the debtor, under article 1789 of the Civil Code ; but, in accords Mje with the provisions of article 390, it will be stipulated that the Government shall not have the right to exercise this power, until after the expiration of thiity years. By these con- ditions, on the one hand the subscribers to the bonds or debentures wuU be sure of a safe investment for thirty years, and, on the other hand, the Government may, after the expiration of this delay, take advantage of a period of prosperity or of a time when the rate of interest is low, to redeem its obligations, without being obliged to pay its debts at the price of any sacrifice, if it be found inopportune.* I do not propose that a sinking fund be established for the re-payment of this debt and this for two reasons. The first is that the annual budget is now charged with the payment of $70,517.73, towards the amortization of the balance of our consolidated debt, which is quite heavy enough for our means. The second reason is that the establishment of sinking funds is an economical and finan- cial illusion, unless it be the result of a surplus in the receipts. • See Appendix C. 10 " Onless there be such a surplus," says Grarnier in his Treatise on Finance, " the funds absorbed cause a deficit in the budget, which is met by an increase in the floating debt and afterwards by an increase in the funded debt " In addition to the sum of one million which we will soon require, as I have just explained, it is probable that w^e will also want an additional sum to meet the claims now under arbitration, and I therefore provide, in the esti- mates just submitted, for the payment of interest upon a sum of one million and a-half I will be asked how we are to meet this new charge. I will return to this subject when I explain the question of "Ways and Means to the House. You have seen that the G-overnment intends to complete the Departmental Buildings and Houses of Parliament, I may be permitted to say, before entering upon another subject, that we cannot well leave these buildings in their present state ; that it would show that we were wanting in national pride, and it could only be justified by the fact that our common fortunes were completely exhausted. Before commencing another head, I beg specially to call your attention to the fact, that, apart from the sum of $300,000 destined for the public buildings, this loan will, in no wise, increase the public debt ; that, as regards the remainder, it is only converting a floating into a consolidat- ed debt, without any increase in the amount of the annual interest. I say converting a floating debt, for, as our revenue is insufficient, every payment on account of railway subsidies or existing claims, increases the floating debt by so much. CONSOLIDATED DEBT. I now pass to the consolidated debt. The first loan of iJSOO.OOO sterling was issued in London on the 1st of May, 1874, and it is reduced by five payments from the sinking fund, to $3,698,066.67. The second, of .£860,000 sterling?, was negotiated in Mon- treal, and issued in London on the 1st of May, 1876, and is now reduced, by three payments from the sinking fund, to 14,059,773.33. The third, of $3,000,000, issued in New York on the 1st November, 1878, is still entirely due. The fourth, of .£878,600 sterling, was issued in Paris on the 1st of July, 1880, and is reduced, by two drawings, to 14,213,073.33. Here is a tabular statement of these figures : — ^ Loan of 1874, Balance 13,698,666 67 Do 1876, do 4,059,773 33 Do 1878, Total 3,000,000 00 Do 1880, Balance 4,213,073 33 Total $14,971,513 33 The contribution to the sinking fund for the loan of 1874, for the years 1876, 1877, 1878, 1879, 1880, has been paid and invested in bonds of the loan; the contribution for 1881 has been sent to London, but is not yet invested. The contribution to the sinking fund for the loan of 1876, for 1878, 1879 and 1880, has been paid and invested ; and, as in the case of the former loan, the contribution for 1881 is in London, awaiting investment. As to the New York loan, no sinking fund has been provided. If the railway had not been sold, the (xovernment would have had to provide for the sinking fund, for the current year, as to the two first loans, and for three years as to the 1878 loan. * See Appendix A— Table No. 7. .,*.^.i^^^. -"-* ;>-*rs;^.j;.4j-''i *^^4./.i-* ■■ ' ■■■'■ W'^ V 12 It has not been necessary to establish a sinking fund for the French loan, as it is repayable by means of half-yearly drawings and by the payment of an annuity, during thirty- nine years, of iJ48,000 sterling. # The sale of the two sections, of the railway has realized a net sum of $7,600,000.00, say $3,600,000 for the Western Section and $4,000,000 for the Eastern Section.* This amount of $7,600,000 has been specially appropriated to the redemption of the loans of 1876 and 1878 and of $540,226.- 07 of the loan of 1874.t This appropriation leaves the balance of the consolidated debt as follows : — Loan of 1874 $3,158,440 00 Do 1880 4,213,073 33 Total ! $7,371,513 33 The yearly budget is, by the sale, relieved of an annual payment of $456,000, say $380,000 for interest at 5 per cent and $76,000 for amortization, at 1 per cent, on the sum of $7,600,000 appropriated for the repayment of the consolidated debt. This sum of $7,600,000 wuU redeem a like proportion of the consolidated debt, w^hen it becomes due, and, in the interval, will provide the interest thereon. It is therefore no longer necessary to provide a sinking fund for that portion of the consolidated debt LIABILITIES OF THE PROVINCE. I now submit you a statement of the liabilities of the Province: — J ♦ See Appendix A— Table No. 10. SSee Appendix B. See Appendix A— Table No. 7. ^T»;^psp^-^;?iM|^^^ h^i^kmk^-ii^. ' ~^''^^ IB • I 1. iiA ce of the Consolidated Dobt I 7,371,613 33 2. Tomporary Loans 600,000 00 3. Deposit by the Quebec Central Rail- way Company 539,202 53 4. Purchase of Land 199,737 30 5. Claims for Work on the Railway 100,000 00 6. Railway Subsidies.. 1,607,597 45 Total $10,318,050 61 If the award in the arbitration granted Messrs. McGreevy & Macdonald is in their favor, it will be necessary to add the amounts allowed them, to the above total. I have, however, reason to hope, from an examination of the proof adduced by the Government, that the amount which it may, under these circumstances, be called upon to pay, will not be very heavy. The 2nd, 3rd, 4th and 5th items, as well as one million of the 6th item, will be paid by means of a portion of the loan of S 3,000,000 which the Government asks you to authorize it to effect, and the balance will be expended, as I have already stated, in the construction of the Departmental Buildings and Houses of Parliament, and in meeting the claims which the Government may be called upon to pay. After the issue of the new loan, the liabilities of the Pro*, vince will, after deducting the price of the railway, amount to 110,879,110.78, made up as follows : — 1. Balance of loan of 1874 $ 3,158,440 00 2. do do 1880 4,213,073 33 3. New Loan 3,000,000 00 4. Balance of Railway Subsidies 507,597 45 Total $10,879,110 78 imr It is not probable that the balance of the railway subsi- dies will be claimed before some time, and when it is, there is every reason to believe that the revenues of the Province will have sufficiently increased to enable it to pay the amounts gradually, out of its yearly receipts. STATEMENT FOR THE YEAR 1881-82. ^ I will now proceed to speak of the current year. The estimate of the probable receipts for this year was, on the 30th May last, placed by my honorable predecessor, at $2,745,095.12. I am happy to be able to inform you that on the 1st of May, the receipts amounted to $2,633,770.- 95, and I estimate that between this and the 30th June next, we will receive the following amounts : — Crown Lands |252,652 78 Law Stamps 25,000 00 Begistration Stamps 3,000 00 Building and Jury Funds 7,600 00 Licenses 164,000 00 Percentage from Public Officers 1,600 00 Administration of Justice 3,000 00 Official Gazette 6,000 00 Contributions ofMunicipalities to Asylums 4,000 00 Interest 1,500 00 Beauport Asylum (re-payment) 6,500 00 Provincial Railway ; net receipts 40,000 00 Casual Revenue 1,000 00 Pension Fund 760 00 Legislation 2,500 00 Total $ 507,902 78 These probable receipts, added to those already collected up to the 1st of May, will bring the total revenue of the jascal year up to $3,141,673.73. V .v^ ear was, lecessor, >rm you 338,770.. th June 52 78 00 00 00 00 00 00 00 00 OO 00 }0 00 )0 00 )0 00 )0 00 )0 00 )0 00 )0 00 ;o 00 )0 00 >2 78 >llected of the 16 In his estimate of receipts my honorable predecessor in- cluded $260,000 as net profit from the railway.^**! In establishing the amount of the receipts, as well as in pre- paring the approximate estimate of the probable receipts for the remainder of the year, I also took into account the net proceeds, instead of giving the gross revenue in the receipts and the working expenses in the disbursements. The payments made during the first ten months of the present year, for ordinary expenses, amount to $2,529,695.78. You will find a detailed account of these payments in the two statements of the receipts and payments which have been laid upon the table of this House. I estimate the amounts which will have to be paid during the next two months of the present fiscal year, as follows : — Public Debt #120,000 00 Legislation 71,200 00 Civil Government 38,000 00 Administration of Justice 63,532 00 Public Instruction 3,871 00 Agriculture 31,756 00 Public Works 42,392 00 Charities 16,439 00 Pension Fund 1,514 00 Charges on Eevenue 49,779 00 Miscellaneous 4,754 00 Quebec Central Railway 67,647 00 Total «510,884 00 This estimate, added to the payments already made, makes a total of $3,040,579.78, and this amount, deducted from the receipts, already collected or to be collected for • See Appendix A— Table No. 3. ■n ■'•?;■ the current year, say $3,141,673.73, gives a surplus for this year of $101,093.95. , But, as this figure is based upon an approximate estimate of the receipts and payments of two months, allowance being made for a possible increase in the expenditure and decrease in the receipts, I prefer, in order to be on the safe side, to call the surplus $50,000, as I have already stated. During the interval between the past session and the present one, the requirements of the public service necessi- tated the issuing of special warrants to the amount of $166,866.79, made up as follows : — Colonization Eoads $ 6,000 00 Surveys 14,000 00 Agricultural Societies 8,863 26 Moving the Departments , 2,551 80 Immigration and Repatriation 4,600 00 Contingencies of Departments 3,400 00 Inspection of Public Offices 2,300 00 Civil Government 2,750 00 $ 44,465 06 Railway Construction 122,391 73 Total .' $166,856,79 A statement of these special warrants was prepared by the Auditor, as required by the Treasury Act, and has been laid by me upon the table of this House. Besides the amount of these special warrants, there vdll be required for the proposed expenses of the remainder of the present fiscal year, a supplementary vote of $152,849.00, made up as follows : — Ji,-i.J r :VA ;»-->^„ ■. Legislation $ 61,700 00 Civil Government 2,000,00 Administration of Justice 15,050 00 Public Instruction 1,854 00 Public Works 1,260 00 Charities 10,595 00 Charges on Revenue 20,400 00 Working expenses of Q. M. 0. &. O. Rail- way 60,000 000 * Total $152,849 ^ These appropriations are recommended to this House by the message from the Lieutenant-Governor, which I had the honor to place in your hands, and I have every confid- ence that this House will vote them. The Government has thought proper to represent to His Honor the Lieutenant-Governor that the amount of the sessional allowance of the members of both Houses is alto- gether insufiicient and disproportionate to the importance of the labors of this Legislature, and has suggested that it be increased to $800.00. His Honor has approved this suggestion, and the esti- mates annexed to his message contain a recommendation that appropriations be voted for the increase of the sessional allowance, from $500 to $800. This is the amount allowed to members of the Legislative Assembly in Ontario, and the amount is not more than what is due to the members of our Legislature, f The other item in the Supplementary Estimates, under the head of "Legislation," is intended to cover the amount asked by two addresses voted during the present session, to provide for the contingent expenses of the Legislative Assembly. • See Supplement I. t See Supplement II. 2 V It The items undei the heads of " Civil Government " and *' Administration of Justice" are for the purpose of making up the insufficient appropriations voted last session. I The item of $1,854 under the head of "Public Instruction" is to enable the Superintendent of Public Instruction to pay the balance of the expenses entailed by the book depository. The item of $1,250, under the head of '• Public Works and Buildings," is to pay the balance remaining due for the building of the Prison for Females, Montreal. The two items of $9,675 and $600, under the head of " Charities," are required, owing to the insufficiency of the sums voted ; and this insufficiency is due to the increased number of persons in the asylums and industrial schools. The other item of $320, under the same heading, is a grant to the Montreal Dispensary, whose annual grant was trans- ferred to the dispensary connected with the Nazareth Asylum, without any notice being given to the Montreal Dispensary. The items under the head of *' Charges on Revenue," are intended to make up the insufficiency of the amount voted to the Crown Lands Department. But, if the estimate of the expenses of the department has been exceeded, the receipts, estimated at $623,383.00, will reach $750,119.00, being $126,736.00 more than was expetited. The last item of the supplementary estimates is a vote to cover the working expenses of the Provincial Railway, until it is handed over. The amount expended during the present year, for con- struction account on the Provincial Railway and in subsidies to railways, is $911,021.73. This is included in the total amount of the payments debited to the Consolidated Railway Fund, to which I have already alluded. ;:*!/>:;/■ -^^..i:. Sfc.^^ \ STATEMENT FOR THE YEAR 1881-82. I will now speak of the coming fiscal year.^ I estimate the probable expenditure as follows : — ORDINARY EXPENDITURE. < . PUBLIC DEBT. Interest $ 801,021 09 Sinking Fund t 77,087 67 Management..... 6,823 87 ■ $ 884,932 53 LEGISLATION. Legislative Council : Sessional allowance, at $800 . . .$ 19,865 00 Salaries, &c 14,405 00 Legislative Assembly : Sessional allowance, at 1800... 54,000 00 Salaries 70,167 00 Library 3,000 00 Elections 3^000 00 Clerk of the Crown in Chancery 800 00 Printing, &c 4,000 00 Law Clerk 3,600 00 172,837 00 CIVIL GOVERNMENT. Salaries '....$ 147,190 00 Contingencies 54,219 00 201,409 00 • See Supplement I. and Appendix A — Table 6. t Sinking Fund— loan of 1874 $31,584 40 " " loan of 1880 $38,933 33 Interest on debentures redeemed 6,569 84 45,503 17 $77,087 57 489,980 00 ^ V, 20 ADMINISTRATION OF JUSTICE. Salaries and Contingencies.! 869,912 00 Police 16,068 00 Reformatories 48,000 00 Inspection of Public Offices. 11,000 00 « PUBLIC INSTRUCTION. Superior Education $ 78,410 00 Common Schools 165,000 00 Schools in Poor Municipalities 6,000 00 Normal Schools 42,000 00 Inspection.. 28,746 00 Superannuated Teachers 8,000 00 Books for Prizes 4,600 00 Schools for the Deaf and Dumb 13,000 00 Council of Public Instruction.. 1,500 00 Polytechnic School 1,000 00 Commercial College, Va- rennes 600 00 Journal of Public Instruction.. 1,000 00 Aid for re-building Kimouski College 2,000 00 do St. Therese College... 2,000 00 do St. Francis do 1,000 00 : 344,655 00 SCIENTIFIC AND LITERARY INSTITUTIONS. Four Faculties of Medicine at Montreal ■% 3,000 00 Societies in Montreal 2,350 00 Do Quebec 3,250 00 Publishing Law Reports... 3,000 00 Le Naturaliste Canadien 400 00 Transcribing Archives 2,460 00 Rifle Association 600 00 14,960 00 ' A^':iri^^-x)sryrt'^-''/^'*.^''i^:^-<\ \U*i,'^J.'^ftK .■'*-..-.^>-*',J»:-«^^ ..i> \: .■ Si ,. ■ ■ . ■_ ■■ ARTS AND MANUFACTURES. Board of Arts and Manufactures $ 10,000 OQ AQRIOULTURB, ETO. Societies | 50,000 00 Council 4,000 00 ^- Journals 7,400 00 ' Agricultural and Veterinary Schools 6,100 00 Horticulture and Fruit-grow- ing 1,000 00 . Butter and Cheese Factories. 2,600 00 . . Beet-Sugar Factories 14,000 00 Sundries 4,000 00 89,100 00 IMMIGRATION AND REPATRIATION. Salaries and expenses 15,000 00 COLONIZATION. Roads $ 65,000 00 Societies 5,000 00 Bridge at LacoUe 2,000 00 72,000 00 PUBLIC WORKS AND BUILDINGS. Rents, Repairs, &c $ 59,474 00 Inspection 3,000 00 Public Departments 26,100 00 Spencer Wood : Stables, &c.. 7,000 00 Purchase of Buildings, Mon- treal 12,700 00 Aid towards re-building Court House, Kamouraska 5,000 00 Superintending do 1,000 00 New Court Houses, &c 10,000 00 Gaoler's residence, Perce 1,000 00 Locks for Gaols 6,600 00 Repairs, &c., chargeable to Building and Jury Funds. 29,407 00 161,281 00 I' V 22 CHARITIES. Lunatic Asylums $ 232,000 00 Sundry Institutions 51,030 00 Reformatory Schools 0,600 00 Industrial Schools 9,600 00 -I 298,580 00 MISCELLANEOUS. Miscellaneous generally $ 19,700 00 De Salaberry Monument 800 00 Mining Engineers 4,000 00 Agent in France 2,500 00 Commissioner for Municipal Loan Fund 8,600 00 Pensions... 10,000 00 40,000 00 CHARGES ON REVENUE. Sundries 172,285 00 Total ordinary expenditure $2,916,919 53 EXTRAORDINARV EXPENDITURE. BUILDINGS, &C. Houses of Parliament $ 150,000 00 Quebec Court House 160,000 00 Interest guaranteed for Que- bec Central Railway...... 112,429/67 $412,429 67 RAILWAY. Works at Quebec.$220,000 00 Claims 100,000 00 Purchase of land. 199,737 30 519,737 30 Total extraordinary expenditure... | 932,166 87 Grand Total $3,849,086 40 ■(-.■r 28 Of tho oxtraordinavy «^xpon(liturc, the sum of |662,16B 87 will bo paid by tl loan vvliu h I ask this House to author- ise the Uovernmv>nt to coiitract, and tho appropriation of $160,000 for tho !> .ildingul the Court House in Quebec will bo provided for by a special loan to bt' paid by a npeoiftl tax to be imposed on the District of Quebec. This is now the proper time for me to give you explana- tions with reference to certain items in the estimates of ordinary expenditure. The item of " Interest " comprises $75,000 for interest on the floating debt, both before and after it is consolidated. For the reasons I have already given, the contribution to the sinking fund of the consolidated debt is calculated only on the balance of $3,168,440.00, which remains, after deducting the price of the railway, on the tlree first loans, say $31,584.40, making, with the contribution o f one per cent, or $38,933.33 for the sinking fund of the Frei ich loan, and $6,569.84 for interest on the debentures redeemed, the sum of $77,087.67. Two votes are asked for increasing the members' session- al allowance for both Houses, $26,700 in all. The vote for Reformatory Prisons shows an i iicrease of $3,000 over that of last year ; this is due to the increase in the number of prisoners. In order to render the inspection of public offices more effective, the amount asked for this service is incre ised by the sum of $8,000. The vote asked for the administration of justice is slight- ly reduced. This is a very expensive service, and the Government intends to exercise the greatest circumspec- tion, in order to reduce its cost as much as possible. The vote for schools in jjoor municipalities is increased by $2,000. The amount of the other ordinary appropriations for Tublic Instruction remains the same as last year. 24 A new vote of $500 is asked for the purpose of assisti g the Commercial College, Varennes. Three Colleges, which rendered important services to the country, those of liimouski, Ste. Therese iind St. Francis, were destroyed by lire during the year. The Government is of opinion that it is advisable to assist in rebuilding these Colleges and it proposes that $8,000 be granted to each of the two former, and $2,000 to the St. Francis College. The grant to the two first institutions will be paid in four annual instalments of $2,000, and that to St. Francis Col- lege in two annual instalments of $1,000 each. A vote for the total grant is asked in these three cases, although the appropriation demanded is only for the instalment payable for the coming year, in order to enable these institutions to negotiate the other payments, if they wish it. Under the head of "Scientific and Literary Institutions " you will find a decrease of $100 in the grant to the Geogra- phical Society; an increase of $100 in that to the Instilut Canadien ; a new grant of $1,000 to the National Institute of Fine Arts, at Montreal; and a new grant of $200 to the Septuor Haydn of Quebec, The two grants of $500 each to La Revue Legale and La Themis are divided amongst four publications, as follows : — La Revue Legale $400, La Themis $300, Decisions of the Court of Appeals $200 and the Legal News $100. Under the head of "Agriculture" you will find an increase of $100 in the item of Butter and Cheese Factories and the following three new grants : — Dairymen's Association of the Province of Quebec, $1,000 ; grant to beet sugar factories, other than that to which the annual subsidy is given, $7,000 ; and for encouraging agricultural industries, $2,000. As the bursaries of the Veterinary and Agricultural Schools are never applied for, the appropriation for these bursaries is reduced by one-half. t,.^^':.,:.:. \ ■ ■■ V ■....■- ■ ■ • ■ _ (■ 25 The vote for colonization is increased by $5,000, and aid to the extent of |6,000, payable at the rate of $2,000 per an- num, is asked for a bridge over the Richelieu River, between Lacolle and St. Thomas. This bridge is of such importance to the whole section of the country in which it will be situated, that the Qovernment considers that this assistance should be given to those who have undertaken to build it. There is nothing under the head of " Public Works" which requires explanation. . . The vote asked for Lunatic Asylums exceeds that of last year by |9,800. This is due to the increase in the number of patients, to which I have already alluded The vote for grants to various Charitable Institutions is increased only by the sum of $100, granted to the establish- ment of Les PetUes Soeurs des Pauvres at Montreal. The sum of $320 granted until 1879 to the Montreal Dispensary and since then to the Dispensary attached to Nazareth Asylum, is equally divided between these two institutions. The vote asked for Industrial Schools exceeds that of last year by $1,100. This increase is rendered necessary, as in the case of the Lunatic Asylums, by the ever-increasing number of inmates. The vote asked for Reformatory Schools is reduced by $600. A new Commissioner has been appointed for the settle- ment of the Municipal Loan Fund and he is busily working at it. A vote of $500 is asked for his contingent expenses. The Agent of the Province, at Paris, who has been re- cently appointed, will shortly proceed on his mission. A vote of $2,500 is asked for his salary and expenses. The other items contained in the estimates require no explanation. •^ \ •^.>-5*ti iiu*._ ■" ■/ ■ '■ - i ■('. '*-■ 26 I now have to show the House what are the ways and means at our disposal for meeting the proposed ordinary expenditure, amounting to $2,916,919.53. I estimate the receipts for the coming year at the follow- ing figures : — OKDINARY RECEIPTS. SUBSIDIES AND TRUSTS. Dominion subsidy $ 899,252 80 Specific grant 70,000 00 Interest on trusts.... 55,459 32 -$1,014,712 12 COMMON SCHOOL LANDS. Interest from Ontario 25,000 00 CROWN DOMAIN, Sale of lands. Timber licenses, &c 717,778 00 LICENSES. Hotels, shops, &c 250,000 00 JUSTICE. Law Stamps $ 180,000 00 Registration Stamps 20,000 00 Law Fees 10,000 00 Building and Jury Funds.. 20,000 00 Stamps and contributions under the Act 39 Vic, ch. 8 5,000 00 Reformatory School, Mon- treal 5,000 00 Gaol Guards 2,400 00 Fines 1,000 00 Court House, Montreal 8,000 00 251,400 00 . ,'•;-;, r, -.■.■.«i-,*'t«,«; m. . PUBLIC OFFICERS. Percentage on their fees $ 8,000 00 ' Percentage on re'iiewals 1,500 00 $ 9,500 00 LEGISLATION. / ' Fees on Private Bills. &c 5.000 00 OFFICIAL GAZETTE. Advertising, &c 19,800 00 LUNATIC ASYLUMS. Contributions of Municipa- lities $ 10,000 00 Payments by patients 1,000 00 11,000 00 PUBLIC BUILDINGS. Rents, &c 1,000 00 CASUAL REVENUE. Commissions, copies of documents, &c... 2,000 00 PENSION FUND. Contributions by Civil Service employees 8,000 00 INTEREST. On Judicial Deposits, &c 13,000 00 REPAYMENTS. Beauport Asylum $ 12,500 00 St. Jean de Dieu Asylum 6,000 00 18,500 00 QUEBEC FIRE LOAN. Payments 1,000 00 teachers' fund. Contributions 8,000 00 MUNICIPAL LOAN FUND. Collections 75,000 00 -?■■: 28 Q. M. O. AND 0. RAILWAY. Interest from Canadian Paci- fic Railway Co $180,000 00 Interest from North Shore Railway Company 200,000 00 380,000 00 Total estimated receipts $2,810,690 12 Deducting from the sum of $2,916,919.53, the amount of the estimated ordinary expenditure, this sum of 1 2,810,690. 12 we find a deficit of $106,229.41. Some weeks ago, when I had the honor of addressing this House on the question of the sale of the railway, I took the opportunity to state that, during the ensuing year, there would be a deficit of about $100,000. The diffe- rence between the deficit I then announced and that which I establish to-day, is inconsiderable. INCREASING THE REVENUE. The existence of this deficit and the apprehension of a probable decrease in some of our sources of revenue, make it an imperative duty for us to take immediate steps to in- crease the revenue of the Province. If wo allowed deficits to accumulate year by year, we would be drawn into financial embarrassments, which it is of the greatest importance for us to avoid. J have long and seriously thought over the financial position of the Pro- vince, and, notwithstanding the very great repugnance I feel to imposing any new burden, however light, upon the people, still I really do not see any other way of getting out of our diflBlculty. " A Q-overnment," as Sismondi says, "cannot so act as to prevent taxation from being a burden ; the whole duty of a Government, as regards the ratepayer, consists, not in doing well, but in doing as little harm as possible." What is the cause of this deficit ? Is it not the heavy amounts borrowed and expended by Government in building the Provincial Railway and in the payment of the subsidies to railway companies ? Now, which class profits the most by these improvements ? It is assuredly the commercial class, although all the inhabitants of the Province have also benefitted by them. As the commercial class derives the greatest benefit from the sums so expended by the Government, it should contribute the most to the revenue while at the same it is the best able to do so. By the British North America Act, this Legislature has the right of imposing direct taxes and of imposing license duties for the raising of revenue for Provincial purposes. I intend to ask this House to impose upon commercial corporations doing business in the Province the obligation of paying license duties. The corporations which I propose to bring under this License duty are : banks, insurance companies, joint stock manufacturing or commercial com- panies, loan, navigation, telegraph, telephone, city passenger and ordinary railway companies. There will, in the first place, be a business license, which will be the principal one, and also a small supplementary license for every office, place of business, factory or work- shop of each company. The following is the list of dues to be paid by these companies : I. BANKS. (a) On each license to do business, five hundred dollars when the paid up capital of the bank is five hundred thousand dollars or less than that sum, one thousand dollars when the paid up capital is from five hundred thousand dollars to one million dollars ; and an additional :, ii^ .v.*Afr--'.:-'.;. ( 'Jiit'L-^'-i-. aVv " i-hi ;. .'.^ _ >-.t-i^'fJif..X^''Ji-*s^:^>Mi Bum of two hundred dollars for each million or fraction of a million dollars of the paid-up capital, from one million dollars to three million dollars, and a further additional sum of one hundred dollars for each million or fraction of a million dollars of the paid-up capital, over three millions dollars. (ft) On each supplementary license, one hundred dollars in the Cities of Montreal and Quebec, and fifty dollars in every other place. II. INSURANCE COMPANIES. (a) On each license to do business, five hundred dollars, with an additional sum of two hundred and fiftv dollars for each kind of insurance carried on, beyond one. (ft) On each supplementary license, one hundred dollars in the Cities of Montreal and Quebec, and fifty dollars in every other place. III. INCORPORATED COMPANIES. (a) On each license to do business, one hundred dollars, with an additional sum of fifty dollars for each two hun- dred and fifty thousand dollars or fraction of two hundred and fifty thousand dollars of the paid-up capital of the company, over two hundred and fifty thousand dollars. (ft) On each supplementary license, fifty dollars in the Cities of Quebec and Montreal, and twenty-five dollars in every other place. IV. LOAN COMPANIES. (a) On each license to do business, for a company with a fixed capital, two hundred dollars, with an additional sum of one hundred dollars for each five hundred thousand dollars or fraction of five hundred thousand dollars of the TKjfiKV*^^ " ?:?V- 81 paid-up capital of tho company, over five hundred thou- sand dollars. (b) On each license to do business, for a company with- out a fixed capital, one hundred dollars. (c) On each supplementary license one hundred dollars in the Cities of Montreal and Quebec, and fifty dollars in every other place. V. NAVIQATION COMPANIES. (a) On each license to do business, two hundred dollars, with an additional sum of one hundred dollars for each five hundred thousand dollars or fraction of five hundred thou- sand dollars, of the paid-up capital of the company, over five hundred thousand dollars ; but not to exceed a maximum of one thousand dollars. VI. TELEGRAPH COMPANIES. (a) On each license to do business, one thousand dollars. (6) On each supplementary license, five dollars. VII. TELEPHONE COMPANIES. (a) On each license to do business, five hundred dollars, {b) On each supplementary license, one hundred dollars in the Cities of Montreal and Quebec, and fifty dollars in every other place. VIII. CITY PASSENGER RAILWAY COMPANIES. (a) On each license to do business, fifty dollars for each mile worked. IX. RAILWAY COMPANIES. (a) On each licence to do business, twenty dollars for each mile worked. "'k'.m .>< ..<• 32 I estimate that these duties will give a revenue 123,800, made up as follows : Banks $25,850 00 Insurance Companies 84,600 00 Manufacturing and Commercial Companies. 15,000 00 Loan Companies 8,000 00 Navigation Companies. .... 6,000 00 Telegraph Companies 5,250 00 Telephone Companies 1,100 00 City Passenger Railway Companies 1,000 00 Railway Companies 28,000 00 Total $123,800 00 of By means of this revenue, our receipts will balance our expenditure. ^ If there be any class of companies which, above all others, shoiild be subject to this license duty, it is the rail- w^ay companies which have been subsidized by the State. Take, for example, the Quebec Central, which annually costs the Province, for interest, the sum of $23,707.50, and which will pay $2,000 for one hundred miles of road. Take also the South Eastern Railway, which costs the Province $24,850.35 per annum, for interest, and which will have to pay $2,800.=»i= QUEBEC COURT HOUSE. I have now only to give you some explanations as to the loan required to meet the expense of building a Court House at Quebec, and as to the special tax to be im- posed for the payment of the interest and sinking fund. You will agree with me that the building of a new Court House in Quebec is absolutely necessary. * See Supplement III. and Appendix D. I' 88 bibliothCque In 1876, a law, which was never carried . > execution, was passed, authorizing the imposing of certain stamp duties in the district of Quebec, to meet the cost of this building. But, besides the fact that this tax would weigh unjustly upon only a portion of the inhabitants of the district, the amount levied by this stamp tax would be altogether insufficient. By section 18 of chap. 109 of the Consolidated Statutes for Lower Canada, it is provided that, in the event of a District Court House being rebuilt, the Sheriff shall levy the necessary amount upon the various municipalities of the district. The proportion established for the District of Quebec gives two-thirds for the City of Quebec ; and the remaning third is equally divided among the other muni- cipalities of the district. According to the provisions of the act I have just cited, the amount required has to be all levied by a single assess- ment. Instead of imposing a stamp duty, I prefer an assessment upon the real estate in the district, and, in order to render the burden easier to bear, I propose an issue of bonds or debentures, redeemable by annuities, during 3T years, which would allow of only a slight annual tax being imposed. The amount of the annual contribution will be $9,000, of which $6,000 will be payable by the City of Quebec and $3,000 by the other municipalities of the district. As it is more equitable to levy the portion payable by the municipalities, in proportion to the value of the taxable property, the bill which I will have the honor to submit to this House, will contain provisions to that effect. According to the municipal returns for the year 1880, the following is the value of the taxable property in the town of Levis, and in the six counties composing the Dis- trict of Quebec : 8 n V 84 \ Levis; Town $ 1,689,800 00 do. ; County 8,422,630 00 Lotbiniere 2,845,296 00 Montmorency (No. 1) 1,298,219 00 do. (No. 2); Island of Orleans 771,444 00 Portneuf 3,268,107 00 Quebec 6,863,513 00 Total $19,168,909 00 The same disproportion exists between the various pa- rishes of each county, and it would therefore be unjust to make them each pay the same amount towards the annual contribution.* I have now, Mr. Speaker, fulfilled my task. My only desire has been to lay before this ^Touse a lucid and correct summary of the financial position of the Province and of the fiscal projects of the Government. I have done so as briefly as I could, and I thank the House for the kind atten- tion with which it has listened to me. I leave to the consideration of the House the estimates and financial projects which I have . had the honor of explaining. T now beg to move, Mr Speaker, that you do leave the chair, and that the House do resolve itself into Committee of Supply. ' See Appendix E. 85 SUPPLEMENT I. FURTHER SUPPLEMENTARY ESTIMATES Of the Province of Quebec, for the fiscal year ending 80th June, 1882. SERVICE. II. — Legislation. Legislative Assembly. To completa amount required for salaries, contingent expenses, »&c - III.— Civil Government. Retiring allowance to Louis Giard, heretofore Secretary of the Catholic Committee of the Council of Public Instruction , VII. — Public Works and Buildings. Insurance of Court Houses and Gaols (chargeable to Building and Jury Funds) , IX. — Miscellaneous. To relieve the distressed population of Amherst Island (Magdalen Islands) To be Voted. 9 cts. 15,000 00 1,200 00 500 00 600 00 $17,300 00 r- wVf ■-■^«',-..^*p-r ■'-^r '£9' .v.T. ^■hajA-, ;iii ' 86 SUPPLEMENTARY ESTIMATES Of the Province of Quebec, for the fiscal year ending 80th June, 1882. 1 6 SERVICE. II. — Leuihlation. Aid towards tho publication of tho Dubatos of the Legislatiiru by G. A. Dosjardins, on condition that 400 copius bu supplied for public distnbution v. — Public Inhtkuction, &c. Aid towards tho establishment of an institution for tho production of animal vaccine, at Montreal VI. — Agricultuke, &c. To increase tho grant to tho Horticultviral and Pomological Societies for exhibitions, (in eluding the Quebec Horticultural Society), VII. — Colonization. Aid to a Bridge over the Chaudioro River between St. Nicholas and St. Romuald ($8,000, payable $2,000 a year for four years) VIII. — Charities. To increase the grant to Notre-Dame Hospital, Montreal To increase the grant to the Soeurs do la Misericordo, Montreal , To bo Voted. $ cts. 250 00 2,000 00 1,000 00 250 00 T..U1. $ cts. 2,500 00 300 00 2,260 00 1,250 00 $ G,300 00 Memo :— Estimated receipts $2,810,690 12 Taxes on corporations 123,o00 00 Ordinary expenditure mentioned in the buc]gct.$2,91G,919 53 Supplementary eatimates G,300 00 $2,934,490 12 2,923,219 53 Estimated surplus $ 11,270 59 -^cM^^Mt^jiLrmmmL^^. 'lu ir SUPPLEMBNT II. Sessional Indemnity. On the 16th May, 1882, the Provincial Treasurer, in moving the adoption of the items in the Supplementary Es' timates for the additional indemnity, made the following remarks : The observations made by the Honorable leader of the Opposition, with respect to the proposed increase of the sessional indemnity, render it necessary that I should give some explanations. When I made n^y budget speech, yesterday, I thought that the sessional indemnity of the members of the Legis- lative Assembly of Ontario was $800.00. This amount, to my knowledge, had been paid to them. I had seen the entry in the Public Accounts of that province, but I was not aware that since the year to which these Public Ac- counts related, the indemnity had been reduced by $200.00. Since the Honorable member for Lotbiniere stated that the sessional indemnity in Ontario was only $600.00, 1 have consulted the statutes and the journals of the Legislative Assembly of that province. I found that by section 69 of the act respecting the Legislative Assembly, the indemnity is fixed at $6.00 a day, if the session does not last over 30 days ; but that, if it does last longer, the amount of the sessional indemnity is left undetermined and has to be determined each year and voted with the Supplies. I also ascertained by the Journals that there had been voted for sessional indemnity and mileage in 1877, $72,600 ; i^i ' "t»-S in 1878, $72,600; in 1879, $65,000 ; in 1880, $55,000 ; and in 1881, $55,000. Eighty-eight members, at $600 each, would aggregate $52,800 , and at $800, $70,400. There- fore, they received $800 in 1877 and 1878, and, after that, an indemnity of $600. I knew that the amount was $800 in 1878; but I was not aware that it had subsequently been reduced. Now, allow me to state that I never mentioned the amount of the sessional indemnity in our sister province as the reason for increasing that of ours ; I only casually alluded to what I, together with nearly all the members in this House, believed to be the amount. Our sessions are long and laborious, and it seemed to the Grovernment that the present indemnity of $500 is quite insufficient and out of proportion with the time and labor devoted by members to the affiiirs of the country, and with the expenses they are obliged to incur. If we have suggested to His Honor the Lieutenant- Governor that he should recommend an increase of the sessional indemnity, it is not on account of what may be paid to members in other provinces ; but it is because we think that members of our province are entitled to such compensation, and that the public will sanction this mea- sure. We do not intend to amend the Act which fixes the sessional indemnity at $500. The amount of the increase will depend every year upon circumstances, and any such increase will have to be voted with the Supplies. ^ ;i« ■■ 1 'v-^^rr V f'-^i^tti SUPPLEMENT III. \ Direct Taxes on Commercial Corporations. On the 23rd May, 1882, the Provincial Treasurer deliver- ed to the Speaker a message from His Honor the Lieute- nant-Governor, couched in the following terms : "The Lieutenant-Grovernor of the Province of Quebec, authorizes the Honorable the Treasurer of the Province to lay before the House, Resolutions for the imposition of certain direct taxes on certain Commercial Corporations in order to provide for the exigencies of the public service of this Province, and recommends the same to the consider- ation of the House." In moving that the House do resolve itself into Com- mittee of the Whole, to consider these resolutions, the Pro- vincial Treasurer made the following remarks : In my Budget Speech, I stated that there was, between the proposed ordinary expenditure and the expected re- ceipts of the ensuing fiscal year, a difference of $106,229.41, and I declared that it was necessary to provide for it, by increasing the revenue of the province. I then informed you that it w^as the intention of the Grovernment to levy the sum required to restore the equi- librium between our receipts and expenditure, upon certain commercial corporations ; and I told you that I proposed to levy it by imposing license duties. At the same time, I enumerated the license duties, which I intended to impose upon the various kinds of corpora- tions. S ;,^f'\k:i'^li.'^-'^i..:i::^l:.-^l..^.^.. 40 Since then, I have had leisure to study the question again, and I have decided to impose a direct tax upon the franchise of these corporations, instead of a license duty. I have also decided to make some slight alterations in the amount of the tax. The difference between the imposition of a direct tax and the imposition of a license duty is only a difference in form, and one which in no wise afiects the substance. By sub-section 2 of section 92 of the Confederation Act, this Legislature has the right to impose direct taxes, within the province, in order to the raising of a revenue for pro- vincial purposes ; and by sub-section 9, it has the right to impose license duties, also in order to the raising of reve- nue for provincial purposes. The Parliament of Canada, alone has the right, in virtue of the same act, of passing laws for the regulation of Trade and Commerce. License duties may be imposed for two purposes : first, for regulation ; secondly, for revenue. The distinction between the exacting of a sum of money in virtue of the police power, and the exacting of a sum of money in virtue of the taxing power, is essentially a difference of substance and not of form. The object of the first is regulation, and when it relates to Trade and Com- merce, it can only be authorized by the Parliament of Can- ada ; the object of the second is revenue, and it can be authorized as well by Parliament as by the Provincial Le- gislatures. This is how Passy explains the difference on the subject : '•'■La licence, c^est-d-dire tautorisation d'exercer, pent 4tre '• refus4e ou retiree, et souvent n'est pas mains un moyen de po- '* lic9 qu'une source de revenu public. Les patentes ont un tout m^ 41 " autre caractere. Cest un impdt qui s'etend d tons les 6lats, " metiers et profeasions, et dont deviennent passibles tons ceuz " qui veulent embrasser fun de ces 4tats.^^ ["The license proper, that is i:.e permission to do business, may be refused or withdrawn, and, frequently, it is as much a matter of police regulation as a source of public revenue. Revenue licenses are of a totally diflferent nature. They are an impost, which extends to all callings, trades and pro- fessions, and all who wish to embrace any of such occupa- tion are liable to them."] The power given to the Provincial Legislatures to grant licenses, relates to the class of revenue licenses, and not to that of regulation licenses, as is shown by the very terms of the 9th sub-section, which are as follows : "Shop, saloon, tavern, auctioneer, and other licenses in order to the raising of a revenue for provincial, local or municipal purposes." Therefore the license duties which I proposed to impose upon the commercial corporations in question had not an object of regulation. The text of the resolutions did not say that these corporations should not have the right to do business, without having obtained a license. The license was only used as a means of levying the duty, and the companies were only liable to a fine in default of their procuring one, without being, in any way, fettered in the exercise of their civil rights. It has been asserted that the interpretation of the words "and other licenses" in sub-section 9, should be restricted to classes of subjects similar to those set forth in the sub- section. I think, on the contrary, that the words " and other licenses" should be accepted in their ordinary, gram- matical and natural meaning, and be interpreted without fc * li. jn 4, i. ClMi'f Jjh, i. ■^'^ - JX 1 -i^tt */. n >*. 1!- U. 4S restriction ; and, in this, I am in accord with the Honorable Judges Ritchie and Strong of the Supreme Court. I am convinced that this Legislature has the right, in order to the raising of a revenue for provincial purposes, to impose license duties on all callings, trades and profes. sions. I have recently read, in a newspaper, a summary of a consultation with a distinguished jurisconsult, who is the solicitor of one of the largest banking institutions in the country. He maintains that this Legislature has no power to impose licenses upon commercial corporations of the category of those mentioned in my Budget Speech, because the interpretation of the words " and other licenses" is re- stricted ; and, moreover, because such imposition would be of the nature of an indirect tax. But he adds that there is no doubt that the Legislature has the right to impose direct taxes upon these corporations. You know my views, as to the extent of the powers enjoyed by this Legislature, in virtue of the sub-section in question. There now remains to be seen in what class of taxes the license duties mentioned in my speech should be placed. Block tells us that direct taxes are those which affect exclusively those upon whom they are imposed, and that indirect taxes are those which fall upon others than those who have paid them. Passy calls direct taxes those which the taxpayer pays himself on his own account, and indirect taxes those which he gets repaid to him by other persons. Cooley, in his Treatise on Taxation, defines indirect taxes as being those which are levied upon commodities, before they reach the consumer, and which are paid by those upon ■.A.-(-'i>. ¥ ' ._-.'■>■. :,.>..^^>' '-^.f-:-^ ■ iJ',..'.i-.t>k\'::-t3Lt':i .. »T*rT>K'.j,i: *,.^-j* f'y-.'tfli - -T":' 48 whom they ultimately fall, not as taxes, but as part of tho market price of the commodity. What I wished to impose was a specific license duty in each case, which was to be in no wise dependent upon the amount of business done by the corporations taxed, and which could not be distributed over the various transac- tions of these corporations. The license duty imposed in 1875 upon assurers, by tho Act 39 Vict., Chap. 7, was, on the contrary, of the nature of an indirect tax, for, instead of obliging the assurers to pay a specific duty for a license, the Act imposed, as duty, a percentage on the premium of each policy ; and this duty, the amount whereof was thus indicated for each transac- tion, could be paid by the assured, with his premium. Now, seeing that the object of direct taxation, as well as that of the imposition of license duties, is to raise the revenue required to meet the wants of the Province, and that the imposing of licenses which I contemplated, was only the mode of levy ; I see no objection to replacing this mode by imposing upon commercial corporations direct taxes, equivalent to the proposed Hcense duties. By this means, I will attain the end I ha in view, and that by means of an imposition, the validity vhereof was admitted, when an opinion was pronounced against the legality of imposing license duties. T have, therefore, amended the draft of my resolutions " ,, instead of asking the Legislature to impose upon com- mercial corporations, the obligation of procuring licenses, I ask, by the resolutions which His Honor the Lieutenant- Governor recommends to the consideration of this House, that direct taxes, of the same amount as the proposed license duties, be imposed upon these corporations respect- ively. ^ M >t f W ...„XLsU^'2.--,.^\ 44 . It may, perhaps, be objected, that what I propose is something unusual. I hold in my hand the volume of the Laws of the State of New York, for 1880, and in it I find two Acts to levy taxes for purposes of the State, upon certain commercial corporations, and upon railway com- panies. I iind that, in the State of Massachusetts, commercial corporations are also taxed. In these cases, the tax greatly exceeds that which I ask you to impose. In looking over certain authors who have written upon taxation, it will also be lound that such a measure is not unusual. Hilliard tells us that the State can impose duties in accordance with the wants of the treasury, upon any corporation which derives its franchises from the Govern- ment, and upon any foreign corporation doing business within the limits of the State ; and this w^ithout regard to the residence or nationality of the shareholders. Cooley says that the Legislature may tax any kind of property, and even callings, trades and professions ; and that it may, in its discretion, tax one or more classes thereof or all of them. The latter author adds that taxes upon corporations are imposed in various forms, and, amongst others, as follows : 1, a specific tax on their franchise; 2, a tax on the property by valuation ; 3, a tax on the capital stock ; 4, a tax on the business done ; 5. a tax on dividends or profits. These authorities show that the taxes which I ask you to impose are, not only legal but of frequent occurrence. I have now to explain the alterations I have made in the amount of the faxes. m^z^m 45 I. Banks. The additional tax upon each office or place of business, in places other than the cities of Montreal and Quebec, will be $20 instead of $50. II. Insurance Companies. Instead of the principal tax of $500, with an additional sum of $250 for each kind of insurance carried on, beyond one, this tr. : will be $500 upon companies doing the business of life insurance only, and $400 for companies doing other kinds of insurance, with an additional sum of $50 for each kind of insurance carried on, beyond one. The additional tax upon each office or place of business in places other than the cities of Montreal and Quebec, will be $5 instead of $ III. Incorporated Companies. The additional tax upon each place of business, factory or workshop, in places other than Montreal and Quebec, will be $20 instead of $25. IV. Incorporated Loan Companies. Instead of the principal tax upon companies with a fixed capital, of $200, with an additional sum of $100 for each $500,000 of the capital, over $500,000, this tax will be $400, with an additional sum of $50 for each $1,000,000 or fraction thereof of the capital, over $1,000,000. V. Incorporated Navigation Companies. Instead of a principal tax of $200, with an additional sum of $100 for each $500,000 of the capital over $500,000, this tax will be $100 when the capital is $100,000 or under ; $200 when the capital is from $100,000 to $500,000, C:3..:s::. ■%! » J^\ ^..* ;„-^.ikV '"h 46 with an additional sum of $100 for each $500,000 or fraction thereof of the capital over $500,000. , VI. Telegraph Companies. No alteration. VII. Telephone Companies. No alteration. VIII. City Passenger Railway Companies. No alteration. IX. Railway Companies. Instead of a uniform principal tax of $20 for each mile of railway worked, this tax shall be $20 for each mile of those railways, for the construction of which public moneys have been expended or appropriated by this province or by the late province of Canada ; and $5 for each mile of every other raihvay. The chanfje which I make with respect to banks is for the purpose of benefiting the country parts, whence the smaller banks might otherwise withdraw their agencies. Life Insurance Companies do a very safe business. The average death rate is so well established that profits may with certainty be relied on. But it is different with Fire and Accident Insurance Companies. T'ley are exposed to casualties, which make the result of their operations much less secure than those of life companies. I therefore propose that a difference be made between Life Insurance and other Insurance companies. The agencies of Insurance companies outside of the two large cities are more cor- responding offices than places of business and are esta- blished more for the convenience of the inhabitants of the I • ; 47 • various localities than that of the companies themselves. This is why i propose a reduction for these offices. There are a great many small navigation companies, which it would not be fair to tax to the same extent as large companies. I therefore propose that the tax upon navigation companies, with a capital under $100,000, be reduced by one-half. It would not be fair, either, to make railway companies which have received no subsidy, pay the same amount as those which have received one. It is for this reason that I reduce the tax upon railways, in the former category, from $20 to $5. All these taxes are either specific or are based upon the amount of the capital stock of the corporations affected thereby. , The tax is not calculated upon the amount of business done by each corporation, and has no referrence to their various transactions. It is not possible for the corporations to distribute it over these various transactions, so as to get it repaid by those with whom they do business. It will be borne by the corporations themselves, and is thus, essen- tially, a direct tax. I can therefore affirm that it is perfectly legal and will be maintained. I move that the House do now resolve itself into Com- mittee of the Whole, to take into consideration the resolutions recommended by His Honor the Lieutenant- Governor, respecting the imposing of direct taxes upon certain commercial corporations.^ ■v„- * See Appendix D. -in* I I .V STATEMENTS PREPARED BY THE Pl^OYI NCIAL I I^EASUREI^. — 6- QUEBEO, 27th MAY, 1882. s 3 V ^ » ^ '^ c S ^^ 60 en ad u w u b3 X a 3 '/> a '^ i"^ Tj v> !^.«i3 a.-9 '/> > s u c« M w «y> ^1 T* » tuDO u 73 (A> «/> I5T f¥ 3F^-fT I- © « -^ ft I- pI -« « « r- g O "rt H" '.a M ?? @ S S s s S3 «0 -" — M M '5 p-i (J; O", © « rM (5 -J t^ i« iS © oc S¥fJ t— h- in ^^ -f M fO 09 I- 'i ® 00 ifl "t M © 05 M — IM 50 i-H « ao M X) • 1."; — -^ lo '^ w M i2 00 'I" « CI © m o ** 00 C'j "^ a> \r ■tf C5 O — 05 I- 1* O 00 '^ pf ©" os" 1-^ '£~ x" -^ © in I- in « -o — 'o 3 l-iO-tOC-«0505©©00 •xiox-tc^sjvj©;^^^ ^ ««■ lO O © I- X -^ _ _ . . X » lO "t M Tl J'IC-1'-iMI-«05M©-^XX C-H'-i>-i-f'r M lO « X lo ■* t- m in i-H c^i oj X 1-1 C) M in -^ t^ in in 1—1 ■* 05 rH rt< 1-1 -^ M 50 W> Xl-'-Om^OS-^ft'tM'MOJ rt '^ O fO I- 05 © M rt "t o «o I e-1 c-1 w c^ e>4 ^ Oi © — I M f.1 Tf m «o I- X 03 »- 06 _. -^ -^ -XI I _ _ xxxxxxxxxxxx I— t— I— 1^ 1>- I— l-- t* I'- I- « i 1^ CI 0^ -l" lA 'i ri oil — 1 1— 1- t- I— I— t— f 51 I ft I- ■i 101,841 Ot> 2,855,000 00 i|2 ^3? CI -f 05 I— "^ IS CI ^M I — I- © V ® t- © wi ;s 2S to t^ ^ i-H op. ;§B ^ ?? s «> ; ; * ; ; OM • • « • ® in 1- 1- 05 Ci o (M e>i CO CO M fl-^ © © s © X © ^^ 10 <» m H tuObC .9-9 ■'3 "3 a 3 ^-* 1-*^ d.a OS © ;^ a I ^ n !5i: Si (,000 00 42,000 00 Scientific and Liteuahy Institutions : Medical Faculties at Montreal $ Societies in Montreal Societies in Quebec Law Reports Le Naturaliste Canudifn Transcribing Archives Rifle Association Institution for animal vaccine 00 00 00 00 00 28, 745 8,000 4,500 13.000 1,.500 1,000 00 500 0(1 1,000 0( 2.000 (l(. 2.000 00 1,000 00 ■$ 3,000 00 2.350 00 3,250 00 3,000 oc, 400 0(1 2,4(iO (Ml 500 oi: 300 0(1 $ cts. /• .TW.. 884,932 5.3 175,337 00 201,409 00 439,980 00 344,655 00 15,200 00 .,5^^■^i;'h^/,t,>^.lJ.■L-^^5\-„twI's>^liii"C4>■;^li;ilI■:.'^■■ :W^r 58 Receipts and Ordinary Expenditure of RECEIPTS. Repayments : Beaiiport Asylum ....$ 12,500 00 St. Jean de Diuu Asylum 0,000 00 Qukhec Fikb Loan : Repayments Teachers' Supeuannuation Fund Contribution by Teachers Municipal Loan Fund: Collections M. 0. & 0. Railway : North Shore Railway Company $ 200,000 00 Canadian Kacitic Railway Company 180,000 00 DiHECT Taxes: On commercial corporations. $ Ct3. 18,500 00 1,000 00 8,000 00 75,000 00 380,000 00 123,800 00 $ 2,; 34,490 12 Quebec, 27th May, 1882. i£>.^as 59 the Province of Quebec. — Continued, PAYMENTS Arts and Mancfactures : Board of Arts and Manufactures. AORICULTURE : Societies Council of Agriculture Journals of Agriculture Agricultural and Veterinary Schools. Horticultural and Pomologieal Socie Butter and Cheese Factories .$ 50,000 00 7,400 00 (j,100 00 i,2r)0 00 2, GOO 00 Beet-sugar Factories 14,000 00 Sundries 4,000 f ties. IWUmRATION AND REPATRIATION : Salaries and Contingencies. Colonization : Roads $ or),000 00 Societies .%000 oo Bridge atLacolle 2,000 00 Bridge at St. Nicholas 2,000 00 Public Works and Buildincis : Rents, Insurance, Repairs, &c $ 131,874 00 Repairs, «&c., chargeable to Building and Jury Funds 20,107 00 Charities : Asylums S 232,000 00 Sundry IiiEtitutious 52,280 00 Reformatory Schools <;,000 00 Industrial Schools H.^m 00 MlSCELLANEOCS : Miscellaneous generally S 30,000 00 Pensions 10,000 00 Charges on Revenue: Registration service $ 30,093 00 Surveys 40,000 00 General Expenses— Crown Lands 08,042 00 Revenue Police (!,000 Stamps, Licenses, &c 10,000 00 Qmbec Official Gazette 13,200 00 Municipalities Fund : C. S. L. C, Chap. 110, Sec. 7. Surplus. $ cts. 10,000 00 89,350 00 15,000 00 74,000 00 101,281 00 2in>,780 00 40,000 00 108,235 00 4,000 00 2,923,219 53 11,270 59 $ 2,934,490 12 ^ \i r /^V.,' -;Tf il;t>*i;tC-.'t^^"i,-V . :^_'^-At;=. ! .Si-.' ^w^ 60 ' 'V*^'' Ui ■S >> 'I m ■- bo t-" in i§s 1 • 00 o : -^ lO : : oi '0 : : « o : : "< 00 : ( '* 05 01 35 •^ rH ^ o o o> o © '^ P O O IM O O CO in 00 10 10 t- t- o ■* "t-ToOM © '^ rt to I— — 00 W M ■* M S ?8 r-t O i'c5? 1- 10 o © o «^ ©0>©0 © OOOOlOOOO OOC-©© <-l O O O O 05 o o o --^- ^_^©OI^O© -fi-liO©© © ©©©©-^MiO© Acot-©© o o © o © 00 o ■-I ©^ ninn-^f^ t-^ ©■©"©■©" c-f CO m"©" MOSt-Cl'— OS 'i'©©CO'-( rt •<|IC»5'^CIH-0 §g§ g S a (D ^ OQ o o ns a. I- ifS -f •■t p- 05 ^01 f5,00, co"in"«r to t- t- s -o :S CC S o >> . m ,0 uooooot-ooooo oooootoooooo ©o©o©in©©©©© ^o©©©omo©o©© ^"o © © o_o^i- © io^o_®_© ■.X! « m sj bo M 5 T3 a-;: a 5 O aj o ^ o-g bo o 08 « t«^t3 t»£ CO >J ^M c3 09 u », fl 2 i^Ji'S fe S fl H ca o s S .M n Q OS tJ-rtrs ti S.2 So 'O* cm^ J3 p C 3> M d ^ W ni lit (r» *r t> a> 0) B •a .2 (U O 2 ^' Cli'r" 00 a I- J' a ftC-l 'MO*' © - STATEMENT of the Liabilities of the Province of Quebec, 30th April, 1882. PARTICULARS. 'l $ cts. I.— FUNDRD DbBT. 1. Balance of the Loan of 1874, of $3,893,333 33.... $3,098,666 67 , Balance of the Loan of 1876, of 4,185,333 33.... . 4,059,773 33 3. Loan of. 1878, of 3,000,000 00.... . 3,000,000 00 4. Balance of the f.oan of 1880, of 4,275,853 33.... . 4,213,073 33 IL— Temporary LoA: d. 14,971,513 33 1 Bank of Montreal .% 600,000 00 2. Quebec Central Railway Company .. 539,202 53 III.— Q. M. 0. & 0. Railway. 1,139,202 6» 1. Land purchases .$ 199,737 30 2. Estimate of amount of outstanding claims, ex- clusive of any amount that may be payable under arbitration to Messrs. McGreevy and Macdonald 100.000 00 IV.— Railway Subsidies. 299,737 30 R alance of Subsidies to Railways, not yet earned. Total 1,507,597 45 $ 17,918,050 61 3 Quebec, 15th May, 1882. Memo. — Since the 30th April, 1882, the balance of subsidies to Railways, not yet earned, has been increased to $1,757,597.45, by the additional trant of $250,000 to the Quebec and Lake St. John Railway. Quebec, 27th May, 1882. '*..^r-^'""r. ..Ja I . ■ \ •^ '■ 3sio_ a. STATEMENT of thu CoHt of Con8tiucti<.n of the Quoboc, Montreal, Ottawa and Occidental Railway. PARTI C U L A II S 1, Paymknts and Amount Due iiv the Government. Amount paid from Conaolidated Railway Fund, to3(ltli April, IHH2 $12,534,830 38 Amount duo on land purcliased 199,737 30 2. Municipal Contributions. Pa3mcnt by Montreal and Quebec, prior to tlio date on which the Government assumed the Railway : Montreal $ 340,644 G2 Quebec 143,000 00 $ 489,044 02 Value of the Qufbf;c Gate Barracks Property 150,000 00 Total expended 3. Estimate op Work and Outstandino Claims. Estimate of the amount required to complete St. Andrew's Street, to extend the Road to deep water on "Louine" embankment, and to re- move the line from Prince Edward Street f 220,000 00 Amount payable by the Government for outstand- ing claims, notwithstanding the sale, not in- cluding any amount which may become jjay- able under arbitration to Messrs. McGreevy and Macdonald 100,000 00 Total $ Ct8.' 12,7J4,.5G7 08 030,644 62 $13,374,212 30 320,000 00 $13,094,212 30 Quebec, 15th May, 1882. L^TiuiiS^af^'i-..*: •1 ■ , i^-ifF' 68 NO. Q- ^ STATEMENT Hhowiiig tho ostiinated ro(i>iirements of the Provincial Tr«u8ury on Ist July, 1882. PARTICULARS. $ eta. CONSOHDATKI) RRVENrK PUND. 1. Deficit on Ist July, 1881 $715,105 9G 2. Estimated surplus of 1882 50,000 00 CoNHOUDATEn RAILWAY Fu.Nl). 1. Deficit on 30th April, 1882 f382,915 58 2. Estimate of work, Repayable by tho Government, notwithstanding the sale of the Railway ; not including any amount which may become nay- able under arbitration to Messrs. McUreevy and Macdonald 100,000 00 3. Balances due on land bought for Q. M. 0. & O. Railway 199,737 30 Total GC5,105 9G 082,052 88 $ 1,347,758 84 Memo : The sum of $220,000, estimate of works on the railway at Quebec, is not included in the above, as this amount will be paid either with the subscription ot the City of Quebec or by the >forth Sl.jre Railway Company. Quebec, 15th May, 1882. .Si-, ITO. lO. MEMO: Showing tlio not luiimiiit runlixud hy tliu milu of tliu Quelwc, Moiitroiil, Ottuwii and ( )ccidtintiil Kutlwny, undor tlio two cuntritoU riititiud by tliu LugiHliituru. V PAIITICULAHH. $ cU. I. BALK or TUB WKSTKRX rOHTION TO TUB CANADIAN PACIFI I'ricL" of Riiilwiiv Si C RAILWAY CO. 4,000,000 00 400,000 00 Lvss, umouiit to 1)0 applictl to the consiniction of worka iu and itcur Atoiitrciil 3,000,000 00 Payable as follows : IstMarcli, 1H8.1 f 100,000 lijt do 1HH4 100,000 AILWAY CO. 4,000,000 00 Ist iu,:iy:i>M...:- iS- T 68 3. The bonds or debentures shall be issued for sums of five hundred dollars each, and shall bear interest, from the date of their issue, at the rate of five per centum per annum, payable semi-annually on the first day of January and of July in each year, at the place in the Province at which the bonds or debentures may be severally registered, as hereinafter provided. 4. The bonds or debentures shall all bear date the first of July, one thousand eight hundred and eighty-tvs'o, and after the expiration of thirty years from that date shall be redeemable at all times, at th3 option of the Government of the Province. The Provincial Treasurer shall give notice in the Quebec Official Gazette of the intention of the Gov- ernment to redeem the bonds or debentures ; and from the date of the semi-annual payment of interest, following the expiration of a year from the publication of such notice, on which day the bonds or debentures shall become payable, interest shall no longer accrue on the same. 5. The bonds or debentures shall be issued in the form and in accordance with the conditiuns which, in the interest of the Province, the Lieutenant-Governor in Council shall deem expedient to prescribe. 6. The bonds or debentures (save in the case hereinafter provided), shall be payable to order and shall be registered in books kept for that purpose at such places as may be proscr bed by the Provincial Treasurer; and all transfers thereof shall be made to order and shall be entered in the register in which the bonds or debentures transferred have been registered. Any holder of a bond or debenture may cause the registration thereof to be transferred from the register kept in any place to that kept in some other place. All details, respecting the registration and transfer of the bonds or debentures not provjdod for by this act, may be ..■ v;y"; .^ -\^^- provided for by order of the Lieutenant-Governor in Council. 7. Nevertheless, the holder of any registered bond or debenture may claim and obtain in exchange therefor, one payable to bearer, with interest coupons thereto attached ; and the holder of such bond or debenture may exchange the same for one payable to order. The Lieutenant-Gov- ernor in Council may determine the conditions, the manner and the cost of effecting such exchange. 8. This Act shall come into force on the day of its sanc- tion. fv<» : " , •c-n'ir' '^'^';-yany over two hundred and fi^'ty thousand dollars. (b). Av. additional tax of fifty dollars for e: "h place of l)usiness, factory or workshop in the Cities of Montreal and liviiiobec, and of twenty dollars for each place of business, faciory ur workshop in every other place. IV. INCOKPOEATED LOAN COMPANIES. (rt). A company with a fixed capital, four hundred dol- lars, with an additional sum of fifty dollars for each million dollars or fraction of one million dollars of the paid up capital of the company, over one million dollars. (6). A company without a fixed capital, one hundred dollars. (c). An additional tax of one hundred dollars for each office or place of business in the cities of Montreal and Quebec, and of fifty dollars for each office or place of business in every other place. v. INCORPOEATED NAVIGATION COMPANIES. (a). One hundred dollars when the paid up capital is one hundred thousand dollars or less ; two hundred dollars •when the paid up c apital is from ol». hundred thousand dollars to five hunured thousand c rs ; with an addi- tional Slim of one hundred dollars • jach five hundred thonsap lollars or fraction of 1^ .ndred thousand dol- lars, Oi the paid up capital oi ^Na company, over five 'IM^ ■ • . ' 78 ■ ' hundred thousand dollars ; but not to exceed a maximum of one thousand dollars. VI. TELEGRAPH COMPANIES. (a). One thousand dollars. (b). An additional tax of live dollars for each office. VII. TELEPHONE COMPANIES. (a). Five hundred dollars. (6). An. additional tax of one hundred dollars for the principal station in the cities of Montreal and Quebec, and of fifty do] Jars for the principal station in every other place. VIII. CITY PASSENGER RAILWAY OR TRAMWAY COMPANIES. (a). Fifty dollars for each mile of railway or tramway worked. IX. RAILWAY COMPANIES. (a). The railway companies mentioned in the Schedule of this act, twenty dollars for each mile of railway worked. (6). All other railway companies, five dollars for each mile of railway worked. 4. Such taxes shall be payable on the first juridical day of the month of July in each year. 5. The principal tax, hereby imposed, shall be paid an- nually to the license inspector of the revenue district in which the commercial corporation has its chief or head office ; and, in tLe event of its not having a chief or prin- cipol offic ' in this province, to the license inspector for the reveur.e district of Quebec. The addiiional tar shall be paid annui'Uy to the license inspector of the revenue district in which the office, place of business, factory or workshop, for which it is payable, is situated. S 'il ?'>B H *•'* -»;• '|f*i " ■ 74 1'^' 6. If any suC'* annual tax be not paid, the same may be recovered with legal interest thereon from the date upon which such tax became due, by an action brought in his own name on behalf of Her Majesty by the license in- spector of the revenue district in which such tax was payable. 7. All actions for the recovery of such taxes shall be, brought in the judicial district in which they are payable, either before the Circuit Court or the Superior Court, according to the competency of the court with reference to the amount claimed. N. Costs shall not be adjudged against the license inspec- tor in any action instituted by him under this Act ; but on the recommendation of the tribunal, the provincial treasurer may, in his discretion, pay to the commercial corporation in favor of which judgment has been rendered, the costs to which he may deem it equitably entitled. 9. The clerks or secretary-treasurers of every municipal corporation shall annually, on or before the first day of June, return to the provincial treasurer the names of all commercial corporations of the nature of those mentioned in this act, established or doing businef'\j within their res- pective municipalities, specifying the number of offices, places of business, factories or workshops of each ; and in default of so doing they shall severally be liable to a fine of twenty-five dollars, and, in default of payment of such fine, to an impris^onment of twenty-five days. 10. The taxes imposed by this act shall form part of the consolidated revenue fund of the province. 11. Any proportion of such taxes may be applied, from time to time, by the provincial treasn^er, under the direc- tion of th Lieutenant-Governor in Cour.r ^o the payment of the expenses incurred for the carrying "''>.! of this act. iflMlNMlMiMM 19. This act shall come into force on the day of its sanction. SCHEDULE. Railway Companies towards the construction of whose rail- ways public moneys have been expended or have been appropriated, either bi/ this Province or by the heretofore Province of Canada. Canadian Pacific Railway Company, for that portion, in the Province, of its railway extending from Montreal to St. Jerome, Aylmer and Ottawa City, together with the St. Lin and St. Eustache Branches. Grand Trunk Railway Company of Canada for that portion of its railway in the Province. Montreal Portland and Boston Railway Company. North Shore Railway Compray. The International Ra' vay Company. The Lake Champlain and St. Lav-rence Juncdo i Rail- way Company. The Missisquoi Valley Railway Company. The Montreal and Lauren tian Colonization Railway Company. The Pontiac Pacific Junction Railway Company, for that portion of its railway in,the province. The Quebec Central Railway Company. The Quebec and Lake St. John Railway C< The South Eastern Railway Company. The Waterloo and Magog Railway Company. o, A p:\iiy. v: .*W^# 1% ir 45 VIC, CAP. XXVI. An act respecting the building of the Court House of Quebec. {Assented to 11 th May, 1882.) H ER MAJESTY, by and with the advice and consent of the Legislature of Quebec, enacts as follows : !. It shall be lawful for the Lieutenant Governor in Council, to cause a proper Court House to be erected in the city of Quebec, on such site as may be selected, for the district of Quebec. ^. Such Court House shall contain sutficient accomraodrt- tion for all the courts to be held in the city of Quebec, anu for the registry office for the registration division of Quebec, and shall be erected under the superintendence of the Commissioner of Agriculture and Public Works, according to plans and estimates to be approved by the Lieutenant Gove^'nor in Council. 3. The cost of the construction of such Court House shall not be uefrayed out o^ the Consolidated Eevenue Fund of the province ; but for the purpose of defraying the same, the Lieutenant-Gover;^or in Council may authorize the provincial treasiv • to ("ontract a loan of not more than one hundred and fil.j the isand dollars. Such loan shall be raised upon debentures to be issued for that purpose; on the credit of the province, and the interest and principal thereof shall be chargeable upon the special funds herein- after mentioned. 77 7 4. The debentures shall bear interest at the rate of five per centum per annum, payable semi-annually ; and they shall be issued in the form and in «ueh currency, and be payable in such places as the Lieutenant-Governor in Council may deem expedient to prescribe. ff. For the redemption of such debentures, a sinking fund equal to one per centum per annum on the amount of the issue shall be provided, which, added to the interest, will form an annual charge equal to six per centum per annum on the whole issue, and the debentures shall be redeemed in principal and interest, by the payment of such annuity during thirty-seven years, in semi-annual pay- ments. 6. The debentures to be redeemed at each semi-annual payment shall be determined by the drawing of lots to bo made one month before the date of each payment. Notice shall be given in the Quebec Official Gazette, of the numbers of the debentures drawn semi-annually, and from the date of the semi-annual payment following each such drawing, interest shall cease to accrue on the debentures so drawn, which shall become payable on the day of such semi- annual payment. 7. To provide the annuity for the payment in capital and interest of the debentures, there shall, until the redemption of such debentures, be levied upon and paid by the municipalities ot the City of Qiu^bec, of the town of Levis, and of the counties included in the District of Quebec, a yearly sum equal to six per centum per annum on the amount of the debentures issued, in the following proportions : — the City of Quebec shall pay two-thirds of such annual sum ; and the corporation of the town of Levis, and the county corporations of the counties of Portneuf, Quebec, Montmorency No. one, Montmorency No. two (Island of Orleans), Levis and Lotbiniere, the remaining y^%5^ "" "ifi. 'T J^- ■v%,ri third, each of Ihe^Huid county corporations and tho corpo- ration of tho town of Levis paying in i^roportion to the taxable real estate thereof. S. In tho month of July in each year, Iho Provincial Treasurer shall apportion the amount to be levied and shall d« termine and fix tho amount of tho two-thirds to be ])orne by the Corporation of the City of Quebec, and the share of tho corporation of the town of Levis, and of each county corporation in the district of Quebec, in the third to be borne by the town of Levis and by the county municipalities; and he shall transmit a certified copy of the act of apportionment to the Sheriff of the District of Quebec. On the receipt of such act of apportionment, the Sheriff shall send, forthwith to the Treasurer of the City of Quebec, and to the Secretary-Treasurer of the corporation of the tov^ni of Levis, and of each County Corporation, a notice specifying the contribution payable by their respec- tive corporations. 9. The annual contribution, payable by the corporation of the City of Quebec, by the corporation of the town of Levis and by the county corporations in the district of Quebec, shall be payable on the first juridical day of the month of October in each year, and shall be paid to the sheriff of the district of Quebec. 10. In the event of default in the payment of such con- tribution by the corporation of the City of Quebec, or by the corporation of the town of Levis, or by any county corporation in the district of Quebec, the act of apportion- ment shall have the same effect against each corporation in default, as the writ of execution mentioned in article 1030 of the Municipal Code, and the amount of its contribution shall be levied by the sheriff from the rate-payers in the municipality in default, by an equal rate on their taxable real estate according to the valuation rolls then in force (* ■%•:. and for collecting and enforcing such contribution and the cost of levying the Hnme, the sheriir shall have all the powers vested in him by the Municipal Code for the execution of judgments rendered against municipal corpor- ations. * II. The sheriflf shall account for and pay to the provincial treasurer all sums received by him in virtue of this act ; and the provincial treasurer shall keep a separate account of all such receipts and of all payments made in connection with the debentures to be issued under this act. 19. The Act 40 Victoria, chap. 4, is repealed. 13. This act shall come into force on the day of its sanc- tion. h con- , or by county )ortion- tion in ie 1030 bution in the axable force