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Lorsque le document est trop grand pour §tre reproduit en un seul clichd, il est film6 6 partir de I'angle sup6rieur gauche, de gauche 6 droite, et de haut en bas, en prenant le nombre d'images ndcessaire. Les diagrammes suivants illustrent la mdthode. 1 D 32 1 5 O A^N AD^ BUDGET HON. WILLIAM S. FIELDING, M.P. MINISTER OF FINANCE HOUSE OF COMMONS TUESDAY. 2ND MAY 1899 '■f r ■i I -i '■4 ■ ■\< ''■^ V, . 1 -(^ OTTAWA PRINTED BY S. E. DAWSON, PRINTER TO THE IJUEENS MOST EXCELLENT MAJESTY 1899 ^' ' Bb I %^ H 1 H ■ ^^H ■ ■ ■' ■ V. 1 1 ^ 1 1 Bl PI PRINT} C A X .V J_> ^v BUDGET SPEE I'K'I.IiKliKI) iiV W'X. WILI.U.U S. FlllDlv,;. „. MiMSTKI! OF FIX.WCK IN' TIIK HOUSE OF coynio]^-^ TIKSDAV. ■M. >rAY I cS 9 !) OTTAWA PHIXTKn .V «. E. IMWSO^. ,K,NT«K TO THF nrPHX EXCELLENT MA.TE,STY 1899 8 MOST & t- H Fiscal ye Increases Iiecroases Excise. . . Increases Surjilus, 1 Capital E; Increase c Surplus ol Value of C British Tr Fiscal Yea Savings Bo Temporary Comparisor Eebt and i Viiliou Dis Tobacco . . . Comparison Concerning Canada's Ti Increase of Evidences o Foreign Tra West India ' Tariff Rpdue Specifio vs. a Preferential Great Brilaii Coal Oil Regi No Tariff ch I X D E X Tisc-al year, 1897-8 Increases of Revenue, 1897-S Iiecreases do do Excise Increases and Decreases of Expenditure, isny^s"' Suriilug, 1897-8 Capital Expenditure, ],S97-s Increase of Debt, 1897-8 Surplus of 189S-9 Value of Canadian Securities British Trustee Stocks Fiscal Year, 1899-1900 Savings Bank Interest Temporary Loan Comparison of Debt Increase Cebt and Surplus Vukou District Tobacco Comparison of Expenditures Concornlng Economy Canada's Trade Increase of Mineral Wealth Evidences of Prosperity Foreign Trad^Canada and the United States West India Trade Tariff Reductions, Act of 1897 Si^ecifi,; vs. ad valorem duties Preferential Tariff Great Britain's voluntary preference.....".'," Coal Oil Regulations No Tariff changes Pajje. . . . 5 ... G ... 6 ... 6 .. 8 .. 3 .. 8 9 .. 10 .. 10 . 11 . 11 . 12 . 12 . 13 . 1.^ . 14 . 18 19 20 20 23 26 27 37 37 41 43 44 h H OIIS( WAYS A The MI] Fielding) n\ That the I to ooDsider t Supply to be He said : Ir to ni.'ikc tia financial aflf; .lirreeable d which is iiQ(] period in tl; Canada. I s the fiscal yc some nine m date, and all accounts hav s^liall be as 1 inipo-tance o: ally, the opei passed the ex aw in the s :iiarked revivi ill all lines o: lias, of coui-s and I am pen Governnii'iit i: Jii:d(;i.:t spr:j.x'H liKI.IVKUKti l:v ilO.V. WllUXM ; S. FIKLDIVi;. .M.l>. MIMsTKi; OF KLXAXCK II ""s,. n|(\„,n)H,ns IN TIIK OH.MW.,. T.u.sd.-.y. >n,l .M..,v. isijj, WAYS AM) MEANS-THE BUDGET. ' t^e people's The MIXISTEB Yielding) moved : OF KIXAXCE (Mr. Thar, the House resolve d to ronsider the Wavs ant] ,. supply to be granted to H,'' "oif ititr committee .»s for raising the -iiijesty. ntorests has been an ini- 'CM^tant contributory cause. For the vrr ^'^l, "'•' ^"if '•^'^°""«' amounted to S40- •;;";-'oS or $l.2.M.238 more than I ,n- .K-.patod. and .^2jo5,4.50 more than ,he p e- .-^He as follows, with a comparison of the >;--l..s of the previous year lS9(!-07 :- 1S!)N. ilncr "•'■rp.i.se. to m, k,> the customary .statement of the financial affairs of the Dominion. I have e ajeeable duty of dealin,. with a p r od 1^';: ';;^;;-f --^>'^ »- --st pros ^^^s u.od m the history of the Dominion of Canada. I shall treat, in the frst place o ho fiscal year ended June 30 last and as ^ome nine mouths have elapsed sincrfh^ date, and all the main featm'^of":;^ accounts have long been public prooertT f-hall be as brief as is consistent wuh th. i .mpo-tance of the subject. SpeaUin; «'««;:' - :"a.-ked revival which has been experienir of thl '•" P''°°""°^'^"- I"-on> an analysis -all lines of trade in the busirss";Tr ! "u t^m^^ ^ - - oour.e. contributed ,o this ,^1 ^^^^^^JucS^wr^e^v^lT^nr °" "^ ''ilstniiis. I Excise. . . . Post Ottice' M isccl - laneou.s. . 1S!I7. i!i,4rN,-')r !l,17o,;)rN .'i.20L'.:i;ts 5.!i7N.i'i;j -1.7ll|,S|lL' 7,N71.:j(i2 •'i.')-7,MI!l 7,i."iO.;irL' i'.-'L'<;,ii4,) .•yi.sri l:47L',7.J,s I.-':is,.si(; a^ net increase for 1898 over 181)7 ^nd I am persuaded that the policv of th h" '"'''"'' ^^ '"'^'^'^ ^^ '"urease 1 Government in relation to all Tli;:,^ t^lh^ ' ptir Teat°:- ""^ ''' '''^'-^' ^^^^ ^^ ■ease in e INCREASES OP REVENUE, 1897-98. AIo, beer and porter $ 4,073 Aiiduals, livliii; SLr-il Urusst and iimuufactures of 4 7a Arrcnvroot. lilsiiilts, rice, inaccaronl 65,(29 Flour and nioal of all kinds 29.113 lirooms and brushes (1,13^ Calidles o.oSO Ct'inont 37,780 l'liiok« and clock springs 11,302 ("offi'O 3,814 I'oiM'i'r and iiianufactun/s of 5,342 I'l 11(111, mamifactures of 172,816 l)ni^-><, dyes, ohcintculs and medicines... 34,752 Kartlii'iiware and china 7,125 Kamy Knods 90,545 Flax, licnip and jute, manufactures of... 48,fi34 l-'nilts and nuts, dried 80,718 Knilts and nuts, greoii 25,147 Kurs and manufactures of 5,115 C!uniM)\vdcr and other explosives 3,503 Ontta pcrcha and India-rubber, manu- factures of 20,992 Hats, caps and bonnets 38,148 Inin iind stcd, manufactures of 744,75(i .lew. llery 25,624 l.i'inl anil n.i.'iufiicturos of 10,784 I.oaltu'r, manufactiiros of 48,674 Marble, manufactures of 6.41.) Metal composition ani other 63, S7!) .Musical InstruiiuMits $11,717 Taints and colours *. 10.158 I'aptir and manufactures of 32,2SS I'IcUlcs. sauces and capers, all kinds 3,814 I'rlntiiiK presses 11, OH Provisions, viz., butter, cheese, lard and mrals 243,882 Sl;l|is and vessels and repairs on 16,474 Silk. man\ifactures of 166,017 Splc.'s of all kinds 4,001 Spirits and wines 77,803 SuKar candy and confectionery 5,376 Tobacco, manufactures of 180,046 A'.irnlsh 4,287 \'ci,'.'tables 15,167 \Valches and parts thereof 3,552 Wool and manufactures of 174,207 All oilier dutiable goods 507,979 I On the othpr linnd, we liiive received from ; the following classes of articles a reihiced revenue, as compared with the previous year :— DECREASES OP REVENUE. Books, periodicals and other printed mat- ttii' $ 20,951 Grain of all kinds 116,722 I tricks and tiles 2,906 Carriages 90,048 Carpets -ind squares 11,047 Ccai and coke 38,CJ9 CorilaKe of all kinds 5,829 Kmbroiderics, n.e.s 30,173 Fish and products of 3,791 c;iass and manufactures of 45,:j5r> l:>9 Sunar, mola.«ses 12.630 Wood and manufactures of 3,980 EXCISE. Our receipts from excise declined to tlie e.Ktent of .'j!l,i;08.Sl(i. and, had the circum- stances boon at ail normal, this decline would challenge comment. But ,vou will rcnuunlier, Mr. Speaker, that, owing to tlie expectation of increased duties lu the spring of ISOT, large (luantities of spirits, malt and toliacco were ex-warehoused for consump- tion. ;ind, as a consequence, the receipts from excise sulfered in the year 1897-98 to the ex- ti'Ut of this anticipation. The movement in tin; various articles of excise is as follows:— .\rticle.-j. .'^pii It.- .- ,. . . .Nialt Cij^ars ' 'i^ranltcs 'r.iluccii and >iiiilf. i^>iiatititv, ' i,>iiantitv, l.SiiT. ■ l,sil,s. ' llnty Duty accriii'il, accnieil, Inciea.ie. I)ecriai I i,.s;s.,'i4,-, 4.7:iL'.."i(ii; ;!,."iii:<..-i7.*. . r,iis. (is. i4;i. ;{.").■) ;;s,!i.")4.7i."> 1.iil'i;,i;.-c' .'iM ;;"1 . No. ii:i.-_'ri;.i(i."> I in, 1 31'. 22.". crs.oi".! i;7ii!.-i77 iK'.Tii.s.iMio .sn.riiy.sir i.Mi.2.')7 I'tiK'u;! . iJw. io.(!!i(i,7t;ri *i7.;i2i.(M.') 2.:«is,443 . L'.drii'i;:!;) Sl.lWli •.'r>;f,i!Hi l.lii>,:i;5i 442.;);ii 1.4.C' s,!iiii,s,s7 7,71';. ii'.i :i:i7,2rii 1, 1112.714 j i,2r."),4;;s 'I'lii- inclmlis s,50(i,Ul!l lbs. of foreign raw leaf tobacco, on wliicli a Customs dutv of 10c. iier 11) wan Collicfll. ' ' i'lie pel beer, wim nnd for tl 10 the rei of Inland i>9:. U96 1S97 l^l'S I.N'Cf!i:.\ I.e.-ning t'Xpendiiur tiie total (■ iimounted what in ex I [ made I;is was expeiK tiio follow! curi'ed iucr Sinking fum Arts, agricu: Innnlsratlon Quarantine . i'onslons . . . Superaunuati .Vorlh-west rubiic Worki Itailways anc Mali subsidie lylKhlliouso a Iniiians Govornment c Customs ... E.vcise Culling timb rul)llc Works liailways and enue Trade and C< 'I'liere liavi tiires on tlie with lS9(!-07 Ii:tcrest on pi 1 'Marges of mj rremiiim, disi t'ivll C.oveni! Adrnlnlstratioi Dominion P.ili lAigislatioii . . i'cnilentlaries .Militia I'loan and rl\ I'-ishories Oeological Sui Miscellaneous Weights and i I'ost Omce .., I'omlnlon Lar i:iectr'c llRbt Tlie princij Sinking Fund I'uUlic AA'ofki ways and Ca !n the sinkii i'lio per capita beer, wine and nnd for tlio tli .0 the ro,,art of n.y c-olloague the Minister of Inland iJevcnue, is as follows :- JSI;,S Spirits, GhII.s ■tkX •61':! ■7^:! tiallH. :i,47l .•J-".2S 3 •460 J -8(18 Wine, Galls. •Ui*0 •070 •OS't •082 Tobacco, Lbs. 2-lW 2^120 2 2 1.3 2^358 Simply talien out of another. I need s;iv nothing With n.«„rd ,o in.mlj,ra.Ion o.heV llian to mention tl,,. neccsslf.v of brlnRin.' to our .sliore.s ihose wl,o aro capahlo of takln.' .'KlvanlaK,. of <,i,r v,,^, ,,,u-ts of unoectip!,.,'| lands. Tlie invroa.s,. with rc-ard to tho North-west Mounted I'ollee is ereated bv reason of ,l,e adn.lnistrallon of the Ynkcm"- •".V hon. friend tl„. Minister of Puidic Uorlcs (Mr. Tarte) l,:,.s h:.d lo ke,.p „,„• vanou.s pul)llc worlds in the best sliapp and the extension of the Inlereoh.niai Uaihvav tlio total expendi'ure on Con.olM.;'."' T,^ ,' ' !" Montreal is the prin-i,,,.,! reason for t!io 1 '111 ..III. ou lyonhoii, Intel ir,iiid I Defease ii fiilwivs .iti.i ..„ i miounted to SSS.S;!" n^", to tm^ i. ' -.., l.lll\\,l.^^ ,ind eatiids eolleetion. T«, .i-,o_....0. Ihi. ,s sn,,,,,. , riK. prinripal deerease.s ..•■■ur in Le-IsM- on. Militia and Post Offlee. y,,,, wiM ro- I.VCRK.VSKS AND Dn:cnr;ASEs op kx- PK.VniTUKE. r-eavinjr the revenue, and eoniiui,' to the '■xpenditure side of the statement, I ihid , , I'bis is some- what in excess of the estimate of .<;38,750 WW I mad(> last year, and is ^-iS^.Tt;.-, more than was e.vpemled in the previous liscal year In the following services I find there bay curred increased outlays :— Sinking funds ■\rt.s, iiKrlculturo ami st"ti's(lcs lnunlf .u.e„„„ts of the vear 1Sf).-0,S with those of the previous vear. Vvi-i, reward to militi;,. i„ ]s;„;_;,7 ,^.„ J,,,,, j,, ^„^ n leen Trade' and" Commerce ' .' .' .' .' .' ." .' .' .' ." .' .' .' .' .' .' .' ] .' ^"2',582 'J'liere have been decreases in the expendi- tures on the following services, as compared Willi INtd-OT :— Ir.terost on imblic debt I'liarpes of manac;<>inent rreniiuni, " pond exira sums on the annual ii-ainin- eonse(|uen,.e of the camps havin- 1 %7'-t^T',""' ""^ '"'^ •'■''•"■ "^ ""-• administration ofi,08.;of l.on, senllemen opposite, ..md hence the reductinn of liie expenditure in l,S<(T-tiv ,is •■omp.ared with I.' •• i'lii Lcpisliition ^a7'„.. to .V.-J3S,- I'enltentlaries Militia ',[[]] '>{ean and river servipp Flshorica Geological SurveV ....'. Miscellaneous . . ] jy^'flV^ "'"' i"C'i''"i-cs, 'and 'sa.s Post Olllce 404,943 23,203 1.53,11.5 42,704 1,862 10,000 21,001] 1,469 ', as recr.irds revenue and ertnont in the lost Ottice Department aiuountin 9J7. Post Om?e Departriiont— Increased rovf.-iue as compar.'d with previous year Ik'creased expenditure as eonipared with previous year $324,871 214,0Ct3 riominlon Lands' ';.■.■;: ' ^It'^^^f. nieetru. iisbt inspection':.'::.':::;::;::;: 1:993 Total betterment in P. (>. Dept.. $538,9,37 This state of affairs lia.s encouraged the hon. gentleman (Mr. Mulock), and the i.'ov- •'»? m 3 ' ■I ^> 1 ^^ -. § •^. - I i: 1 li u «M in SURPLUS, 1897-98. I bavo (Io;ilt thus generally with th.> re vemie and oxpoiuliiure, and now lot mo re- ca))itulato. We received a revenue of •t;40. • rj.",,;j:!s ; w,. expended !i;;{S,S:{2,52r). and this Ii'fr us a surplus of s;i.7L'li.7lL>. as a result of the oiMMvitious „f 11,0 .rear on the ordinary services. Revenue received $40,555,2.38 B.xpeuditure 3S,S32 525 Surplus $1,722,712 In my financial statement of last year I in- timated that my ;iim wa.s to insure a surplus for the year 1S!)8!)!) which at least would bo equal to the deficit of the previous year namely. .<;r.l!),()00 ; and leave something to the jrooil. I went on to say, however, that there were certain coudition.s of the trade at that time which were so hopeful that I would noi he surprised if a more favourable result ■n-ere olitalned. I am jjlad to be able to say that buoyancy of trade and our revenues •was even greater than my own expectations, and so we are able to have this handsome surplus, which is largely in e.wess of tlie amount which I estlmat(>d In my statement to the ITouse last year. I'APIT.M. lOXl'EXDiTURE, 1897-93. In ;idiIiiion lo the outlay chargeal)le lo what is c-dinarily known as Income In 1S97- 08 we expended other sums known as capl tal charges to the amount of .fl,l,->(5,(!0(;. madi tt]> as follows : I The capital expenditure was, of course. i large in 1897-98, and is large this current I fiscal year, but with the approaching comple- ■ tion of the enlargement of the canals a re- {duclion on this head Is proposed, as you will I see by the Estimates for the year 1899-19 year ii total of .1!."),.'")71,(i,'n."(il. After paying for this outlay and making provisions for .1!9;i0.482.2,-., representing dls- fount and expenses of the loan of 1,8117, the net dc-bt for the .venr 1897-08 has onlv been Net increase debt $2,417,802 45 Coming now to the current fiscal yatw, of which but two months have to elapse, I wish to lay before you, Mr. Spealcer. what my expectations are as to revenue and ex- penditure. Up to the 30th of April of the present year, our receipts were )f37,2,"?2,700.4(i ; being ii;.-..- (i77,l(l(t.(!] more than we received during tlio same period last year. From .\pril 30th tu the 30th .Tune last year we received $8,.390.- (i08.18, and If to these two sums we add the probable proportionate increase of .fil ,0(30,00i 1 between the .30th April and Ihe 30th of June, we arrive at an estlmaled revenue for the ciu-rent year of !?4li,t)32.398.C4. SURPLUS OF l.SnS-09. On the other hand, up to the SOtli April 1809, we expended $27,97^847.04 ; or ,$2,403,- ."103.14 more than for a simll.ar period last year. ff lo Ihe.'-e we add the amount of exi)endi- liire between Ihe 30th April and Ihe 30th 01 .rune last year, namely, ?il3,352,L81.80, and ostlmating the probable proportionate In- crease of .f;700,000 this year over last year, between this iind the end of the year ; lesti-' male that our expenditure for the year enil- ing .30111 ,Tune, 1899, will be $42,020,028.84. mcre.iscd by iin. su m of $2,417,802. As I have Just estimated the t' even tic at $4(S,(i32,308.04, yon will see, Mr. Speaker, tha for the plus of round r this est liowere ^uoyauc business estimate ■n'hich e amount from the arc no i ni.iics. J tlJc .'ictu;! the prese %iifes of tiii-e for t ye ••If. wit I] '" I. '10 rev sildy he f out larger ni.'ide ; bui und to av, giiiiie, I ha ^^'ith re.a and the eft" f''>"s of thi Sl'e.-ikor, tJi ^■'' ''-V'pende ^"■'■'y subsidi f'mplete th "'■•ired that O'l.'iod, male 'i'i-.7,0i-.l8. tli(> ;!gj,'reg;ii ••^■'■'ii'O.WiO.Tu "ig fund of ; i .'iNticipjite !!i,. .•!()th of J •"•=■'1110 hon. } ■'^"iiie hon. } '''!'<' .AllXhS' fHeiids opposl '"' "10 a mom (.uMernment s ^■■•ist operation! •'"Wiged In, an ''i'".'ise In Ihe ( '"' l«ss, and ;i 'l''bt of the pr 'i^' ■igainst the li"'i. gentlonieu ii'ililie debt. •^'"«', while I "Oo.dtH) as the 9 buo.vaucy of",,,,,!^: J^n . '""'^^'l"'"'^^' of the b>'-"ess. the .nak roV.?n '"°""^'"^ ^""*^ °^ «^«'""ate is very , Ulic ul' ^'''"^'^^ ''^^'^ ;'»'oniu Of the L Hi. "'•■?'• '"^•'^ ''« t'^^^ ^'•«"' the Yukon, are ;;'";' ''}"''• -<-^eeipt.s; «'-^' "o .Means of ■,vvy>l ""'^ '^'^^^ ' tl^^' present year, to vh , ' °' ^^P''" "'^ «f^"''t"sof]astyearto ,n ''''' •''^'""'l Hie '" '-''0 revenue and "" ^"'^'""'t*"'' Increase: «''•'>• ''0 the cart! -uh'^"'"- ^''"aypo^i °"t lar^^er than the e ' ""■'""' ^^'''' ^'"'a' °'--'fle;buttobe vithr ' ' '''''" J"'^^' «'""". I have put it „,''"- '"-''°^? over..^' ^"o opera- ^"^■«""«'.liosthe ;'■;■:;2'!^,:.'i""fo>•.■aI^ ™">PIetethe..e,v:Ve , '•"'"-•'"■■^•^■^- 'rol '"■■l^^^l that ^l.oO.),(K)0 , i ;;,;^"''"' '" '' ''''■ ""^'•'-l. n.akin« i„ ,,i '''•'" ^^■'" '"^ re- '"■■»>■•>.-.■«„:;,':"""■"' '""»»1S": «■■»*««',„,,;',,„';■!';■"•"«».■„,„,,„ ;:::;;r":^ -----»;™r;:•- s-^;■?;■''"^:^»f-r «ay also Ua tL Hr!'""'''''"- ^ '"•^^• c-xpeuditure ani fo r ■ "' *'"^ '^"'"^■^' ''--xttu-oi.tSi^a;:;^,!""^''"'^^'- ' Kt'ui):uj; fhese tw,. ..^ ^ ^'euerous one. ^Ithinkthe igmx^""'''"'-''"^''-^^ '" """"• - .1^0 inereiro ntrS'""^ •^''^""■'^<^ «='^'- -My ch>sire has , ee "'' *^"'^''''-' «Poaker, ,a fair sS' on ^"^ ^■°"' -^^'•■ "^ ".y -pectaii<:;r-or;h;7:r "r""'^ ->'' ^o ,a.ep .veil Within houi:,"-^ "'"""■"• '""^" """• ^"^>"^KiJS. irea, hear ■;;""'■ """• ^fl^MR/ORS. Oh, oh "■'"''«i« opposite, I sc^ '.wi^*:''; ^'^•"""• •--™»'^'m shonhi he h .o'":'''' ^""^ ^'- ^■•■'■^f operations whieh tli n " '""''' "" ""^ ^'■>«-''mnn,andsi,o\;;.^r"''''''''"''''''^-<> f'"a*e In the del. of l ' ' '"O'i.'rate in- ''•''.to ,fp;"J,''"';'''^^'','''''''tion ,0 the "< a,^al„stl /;'•'■ °' ""'^' *»'" the ,.art of i„. f «' and iU ^:;t£ • x;^ n '" Minaneial t)'i..<.,. i "nuii a lejuiiiiff '-i-nK.;.i/;:;';;.i,.:^':--;^-j'r;''"'>™-- '•0^'' vvUh others to as iS as iils'^ '''"'^ ^'- '-.''r..;r'';:;; i" ""^'"^'^^' "- ^'- .„ '•; ^«"" and isor'reJ^d:: "S;:";;;, r;i7 i-'d not onlv n.,„ !• '" aftoet- consols. i„ f,,^ J, ,\r "''•^"^-'' ^'^-t'" H'o Iirt.-i.,, „r ,|„, ,,,, °, , ' "" '"'•"■oi'n f^ m ^, jtii 10 I coloiiliil stool;s. tlicrt' has lu'cii a vi'ry spe- ' c'iaJ aii«l lu.l.ifi'aliK' si'tliai'U of I'l'oiu four lo soveu points lu the pricoa of Di'conihor, IS'.t". ami those of neceiiiber, 1898. lu the whole line of I'oioiiial stoelis tiiere was a fall of tliree or four poinls, tlioujili in some cases tlie fall was as mueli as sevi'ii points. Al- though the Clanadian seeurltles were to some extent ilepreelaleil, as was the case with oilier sioeics, .vet the ilepreeiatlou was not so ;rreat nor so lastin.:; as iii tlu- case of otluT securities of a similar cliaracler. Taiun^: tiie two stocks that have some tinu' .vet to mature, 1 refer to tlie .'? per cent and 12i per cent Issues, ami ellminatinf,' the other stocks that are graduali.v approaciilnj; par in conseiiuence of tiieir earl.v maturit.v. I liiul liiai tlu' :'> per cents are iiuoicd ai Itrj-l and tiu' i;* per ciiats at 1)1--. lUMTlSIi TIlUSTl^rO STOCKS. Tlicre is another sul).|ect of interest to wlilcii I migiit refer in this connection, and that is to what has been done i:i the direction of obtainiu); Imperial le.i;islation so thai Canadiaia inscribed stocks mi.ijiit be included in tiie list of securities in which investments migiit lu! made li.v trustees. Without .win;; at all into the histor.v of t!ie matter, 1 nui.v say that (ui the -Urd o( Febrnary last an Order in Council on the subject was passed and fiu'warded to the Imi)erial tiovernment. juiuiviii; mir case as stroujily as possible, and urfiiuK tluit Her Majesty's (iovernment take sucli action as would provide for the inclusion of t'anadian Mocks in the list of securities aulluiri/.ed for trustee Invest iiieuts. Our elTorts are lu'in.ir aliiy aided by the lllpli Commissic.dier, Lord ! .I'.'Uiicona. Tills would lie a distinct advaiUa.ire to our securities, and I estimate tliat tlieir enhancement in price. If t'^ey could be put ou the trustee list, would be somewhere about two or three points. It was recently shown that lu conseiiuence of Icf^islatiua according some favouralde terms to Crown colonies lu respect of their loans, the market price ndvau(!0(l so as in efl'oct to place this class of securities on a level with the trustee list. The Rain in several rases was from tliree to six points. It may be noticed that recently a -a per cent loan of £1,000,000 was flouted by the eoriHirailun of Liverpno!. This security comes wlthiti the cale^'ory of trustee inivest- ments, and it i'eali/.<'d f!):) Ins. i"d. per £100. .'^o tliat I am within bounds wlien 1 say tliat 1 think the elTect of placing ^ur seen- rilies in tliis class would enhance their value about two or three points. Looking at the large amount of our debt that matures ,it an early date, the advantage to Cifliad.i of tills privilege is a very material one. It is no doubt very jirolmlile also that at an early dale, owing to the large absorption of consols by the Imperial (Government for savings bank inv(>stnients. Iliey may have to exKMid the tield of securities in which ifaveslmenis may be mad". It Is to bo Imped that .1 further impetus will be given tow.irds pulling Mill' is siuli. that 1 can do nothing luil deal in very general terms with the yca.'s operations. ■I'lie Kstiimues for 181)1)11)00 have been iai.l before you, and I do not anticiiiate thai tiie year Avlll prove less favourable in Its results ! than the current oue. Tlie net increase iii the Kslimates for iv.m- 1900 over 1808-1)0 is .i;."i(!.'i,-184.ltO. The main j Items of increas(> are interest on public di'bt, immigration, railways (income and cniii'i- i tlou), and the government of tiie Yukon piu- j vlslofiial district. I The Increase lu interest mi imblic ib'i; arises from the retention of the .'1 per iciit rate of interest on savings bank depo-^iK, and the probable amount to meet new :<.<. ■ debtedncss. The increase lu the estimate for Immigra- ' tion of 15100.i)<)0 speaks for itself. Tin' in- crease in tlie railways and canals expeiuli ture :n'i.ses mainly from the repairs to dilfi'r- cut Ciinals. Tlin enlarged appropriation for ' the Yukon provisional district speak-^ f^r itself. W'f are also asking for n larger vote for niiliti more e(|i,.; I h.ive a the f.ict tl rent .^-ejii' \ on llif s.iv neclidii I I, ; go ;r um- '■■■'I'l.v rodtu •' per cent i "I' ilie sma imdersioiid Jirovisidu. 1 lo be the p< ada to niaki i'lg a. rale i 'omniand in 'lii're \v;is ,1 'iieapei- nioi 'liliiy w.-is II I'diiciion in we li;i(i jii.st '■'lies on .-i L' mire.isonalde into our s;i\ li'lldeiiey low |ie;il'ed lo ex, taiucil ; th' ( 'lie world w, 'li'il: Ilie I inn dncing I he r;i ihere;'ore, in file ;! per ,..,,11 ""' '■h'irge for .^e;ir's eslinial ^"'1' an actna ■■'lie bein.g, 1 m.-ikiiig ;iny i le.lVing myselt I'et should po '■ontempljited, •liiit that will :oiy time beeoi: '•ould be mad I'aie to lie oo poslLs, TIS I v.lsh now House to the f ''"iiiracieii II 1 Mi'rllng hy the •Old our .•lutlel 11 -« Un- more M(lic;,.;it looti, 'iili(i:i ill onicr to pur imr our forci's on ■'I -riily next -vvo shjill I'lirlhcr su; I'tMjniiv to disco SAVIXdS liAXK IXT I'JKK.ST. IlK.'H Illill, Of £.V)(),(K)0 sterling I liiivc iilludcd. tlic f.lct II rent ,v on tli( "('ft ion I n ; .u'o ;r w.,. I'al.Iy i''t in our Ks| o.'ir we iucjudi. tl «iivin«s l.iinlv d ^>': in iliis connect! ill.OOO.rMM) )ii, to ■ I Would !«' o-,ir i|<(, '••;_'i,ind 111,' House tliai i„ ,ii We 'ower lo l,iip|., here wer( P.'issed ill, Act fr] nv ^1. -,,000.(1(10. At tli.'it le .ses- vini; u.s !?''■•< ti'd I ha I w oiise lliiit ;| V ■e;ir to lli, '•odnce the rate on lhe.se d • ' nd;;hl |)i'o. pjssi "iilslMUdlni; T)orrowiU" oxient of ^s.im.(m. .so tlnit Vi'Th.i line; l)o\vc'r3 3 per cent to 2i of tli smaller pt'v cent. •l>osiis from "f thai Act 111. Miider-itood w (iei)osil of inieresi l'"'i" thai it ou.u'lu exceptional (i was the oveninient ot: Can not li.. onien opp(»site that ■oneral impres.si.ui of in 'o'limand In the open iriilielally liijjli by p,.i . ''i«her ilian it would i;,'ali!)us which w< ■-^["'••ilily r(>(,iiire a larger ill view of ih,, jjii.j. a. >jen- oh- Khid to say, 1 h ilii'i ill o was a very "i.'irket. At that tl nu lh(.' buoyancy of 'hfaper money, and i ih ovulent tendency toward hiliU W.-IS Ih.ll w oiife'ht the prol enabled i,, .,(1 exercise I irisinj,', we would orrowin;? power. "WlllLC lo liave been iiowev(,'r, I hat our revenues w(,> 1 Milnction in i "i' h.'Ki Just i.laced '' "iWil be able t( ).i- mlnlster public affairs b Illy y thi' II I>;"rt of the l)orrow: I'ow.-.'s I have mentioned. I ritic s on a 'orat(' with perfect safely, our new issue of '"■•''"■ ••! inembered '"''• '^•^'i" ''.''Sis it seemed As Sl'Cll- that the lo.ii I; will 1 "iarket in the fall ,jf ],si,7 '""•^-'-"nhlothat we Should follow th sierlin ""t Haviii somethint,' less than ^1 into our lemlency lowar savings ban! peared U) e.xist at that 'ds cheaper nionev a('couni.s. Hut tl IS raio ii le "'■-••ird to our ■'If lliat time, it "hich ap ."-iirprisinK if we had tained : t tr.' del nand for ^vorld was st iliat the I roiu time was not; main, 'ley ihroughoi 'hen to incur large ten le re- we pl.aced on the was f(n' £L',000,oOii 0.(J(X).ooo. lorrow- a\e be.'n since moderation in I would not h icon ilJllged mo • win- t„ th( llllcill;,' tl "»<' was not fav and we c 'hen the ; t)i rale Ixdow 'A \ ourable fo considered that revenues. steady it ore, in our pre.si •V rt >or cent. We hav we h;id lier le char; .vear's esi cent rai(., whi •It estimate Included loan. I hav iporary loans ; but iniprovouient of mir "■as not until .Tanuarv, is-o '»'"ision to ral.se any temporary vc noiicc'd a criiids :<' for interest ch fidds .1!2;{7,r,()0 our political im 'to. though it d s compared with la.s '0 'hat opponent ■iJi emanatin.Lr from tcin])orary loan t s in connection wi-h "ut an actual Increa iocs not repro- ve of debt. For tl "•o. I havi tune heln.ur, thereiN '"'"e, if at "lake a passing refer presented that the h, which 1 '••'IK'O. It h.as 1 ought to ■;ct should p . '■ontemplaled. 'liat that will be d postpone of cours(>, fiii.v time the niar- liP ill Ih ii'onia of .lanii orrowing of tl )een re- £■■.00.000 evidence that the (1 iry was conclusive *\ore not In that heal nances of the Dominion "lit, to maUe the redact 1 It one. not likely at on pre.sent was ii.id ,ill(>geil. thy cond these criiica, 'I'lie (ioveri "".V lime l)ccoine jiractlcabic could be I I'aie to IHislt.s, '"•t if It should It plus ; but how can th pretend that there \, ition which sani a sur- anient. nude lor allowing the some provislmi they have to go on It be po,si5lbl(3 when '•onilniieil ,,u the s present f'orrow about two and the money market and 'Uiall ler de- Among tho^ ■I half mllllon.s Ti:.\ii'i)u\itv i.o.w. all'ah" lie red aired. Hut I miliar wlih our pul no answer to that critlcl )llc stn Would our ' ^''''*'' 'low to call the "">"' to the fact that In Inly "■"niracied lerlliig In- r I temporarv ■'ffentlon of th,: .l.'muary last w.> dl. 'ofni of £.-)00,0i and oiii- .intlclpatiou is (h counting of treasury bills 10 that explained eiily by lluan< "•IS Well. And Impressed We to liave these thai they will be und hall agree. I suppose, matters so erstood, not '"'■■S hut by the general public "o doubt some people wero ',v the criticism that because we at on the 1st th !i 111 to borrow, therefor le surplus w.' claimed. I 'e we could not havi t't me then point IT ^p . 1 r *4' 1' 1 T^ * ■ ' I 1^-. f- 1 1 i-t ■ ■ 12 out lliat tlioiv Is no coniiootion wliat<>vor bo- ' Mr. FOSTIOK. What was the amount of t\vc(Mi a (|ii('sii(.n of a fur])lus and tin- qiK's- (lie halanc,. in tlio bank on .Tanuiiry 1st ? th.n of a l.Miiiiorary loan. It is quite pos.siblo ! „„ ,,,^.,,„„. ll...t t,.n.,..„-ar.v loans nia.v bo roqul.v.l oven ""' ^•'>^>SH"'« OK FINA.NOK. I shall In I ho most prospei'ons voars, and reforonoo " "'"' '" ""'"'''" "'■^' '"'"• ^'''«°'l ''i">i' "" t.. ihoPiiblic Acoonnis will show that nnder '"'' ''•'"■'' ""^ "'^ "«"^''^^ "^ '^■'°''- ^^' i" the adininisii-alion of our Di-o.looossors such. ''''''""' ""' '""" '''"'"' ''^""•^' necessary In ord.M- loans had soiuolinies to bo obtained cVon "" '""^" "" '""' '•■•''""™ '" ""' ''"clor of in yoaivs wliou there wore handsome sur- *-'"''^'>' "« ^'«'"''li«'"'<'".v the iradiilons of the jiiiisos. Mnanoo Dopai-lniont. riioro .are seasons wlion the ivv..nuo Hows iompauiso.N of DKBT INCREASE raiMdly inio Iho tn>asm-y and our bank's bal- • an.o s\v(>ll to m-alifyini: liKurcs. Hut there ^^'"'' '■^-'''''l ''> ""' lnoreaso In the public a IV other seasons whoa our ex|)ondirnre not ''''"''' " '"'^ '"'"'" ^'''''•^' """loi'alo under the nhly Uoeps j.aco Willi th,' income but outruns '"'''""'"f Administration, as will be seen by ii. Ai such times it may be necessary to ob- ''""'I'iii-ison with ihe records of previous lain lemporary loans to meet deiiiaiids. Sncii ■^''i'"'"-'"'''!'!""^- a coadltioii would bo iiosslblo without the '-i ''^■'l i'"' imrcasr was $t,.".OI,!is;t S7 cxpin;. ill lire of a dollar on capital ac('onnt. |si!ij ;,■;.'.■.■;;■;•.• ri',^:I.i'?n ,'■'' If Ihe .Minister of Finance should bcRln th.' 1">''T ■■■■.'..'.'.....'....'...[ '■}.'^uV.u{^ m .Mar with an absolutely clean shoot, having '''''^ ^iliTiso^ ir, iioihius to jirovldr fi)r but the ordinary ser- !^l'""'!iJ^ iimt the increase in the public debt Aic(> of the year, his first duty would be to '''"''"- 'I"' '«() years of the present Admin- >;'<> intj the money markets and raise a loan. ' 'i^''''i"i"ii ''•''« lien exceptionally low as com- .\i the very besinnini,' of the year— before • l"""'''' ^^'i"' ib< increase in the years in which roceiviuf; a penny of revi-nue— ho would And *""" P'''''lt'<'ossors held ollico. v'lltlin >!''"'"■ "'"'"'^""" '" ■"•'^^•i''*' <^^-''''. Mr. KO.STKK. 1 hope tnar my hon. friend .>-.(HHMiOO ,0 pay subsidies lo the ffovcru- will not emit to mcnlion the abnormal in- ic'iii ot I lie provinees. wliicli under the Brit- crease in l.SDd. isli .Norih Aiiierira .\ct are paid in ailvanci>. Then he would require a considerable sum ''''"' ■^ll-'^''«'l'l'^li «!' FINANCE. My h,m. to meet other demands as thev inl-lii arixe > ''''^'""' "^ ''""'' '''"'''*-'''f- 'i''"'''^' was an item of II.> could not airord to re!v ontirel"v on the "I'"'"'"'" '"' •^-•''<>"-<><«). st'ino .fli.-IOO.OiU) odd if receipts from d.ay lo dav to meet tile daily '"•^' ""'"""'•^' "^'''^''■■^ '"•' '''K'^t. f"i- the pro- demands. The iiaditious of the Kinauce ^'''"''' '^^' *^"''"'~^' ^^■''''''' •'""' '"^'-'" °^''»'"""-'' Dciiartment roeo,anlzo about a million and a ■-'''""'''' •'>' '' '">'l"'".v subsidy and placed to half dollars as about the lo^vest sum that ""' '''''''"'^ "^ "'■'" P'""^''"*^'" -''"il which it was should bo kept .available to respond to the '"" "' "'""■'•^' '" '''''"^' ''"' ">' " «"l»'^<-> Minister fools comfortable when hv linds hi.s '^""""''^'''' '" draw if, and, therefore, it bo L-alance fallin.L' below that sum. as m;iy <••'"'"' 'Mwirt of the debt. I thought, on com sometimes hapi.eii. It will bo seen theie- '"" ^'^ ""'''""• ''"*' " ^l^oi'ld l>e added to the fore, that oven in jirosponms years that the '"''"t '^'" >'"' ™"nffy. Therefore It was shown question of a temporarv loan ha-, nothiii" '" "''^ ••"""""t for the year l.Sltil and did S'. whatever to do with the ,piestlon of our '" •'''""^'■'"''"y i"^''''''i«'^ tl't'Oobt of that ,vea. surplus, and It is ()nito possible even In most ""^ "^ ^^■'' ^''''''I'i'i'o the whole Conserva:i\ >■ prospn-ons yoars-vears of surplnses-th-it '''^^'■'"'' of "•l'"i"i«traHon with ours, you will It m,".y bo necessary to effect temporary ^""^ ^'"'^ '''"''""^ ""-'''' ^''«""?''" ^ars of loans to meet temporary cnnditions. " """'"' f'^' <'""•'"'"'" five (Jovernmcnt Inerease,! \rr FOSTP'P To „,.. 1, ., 4. • .1 ^'"^' ''''''"^ "■'"" ■^■^'"^' '■' y^'^^' ^'O "U average of anuleaastotheterms.thelnt^;';!;!;" Z^ '"" """ " '"' """"" The MINISTER OF FINANCE (Mr. n.-M-n-). Th,- lean was pffcctod by the '"^!''^ ■\^^''> SfRPLUS. discounting of treasury bills with the Hank , That there should be anv increase r,f the ot .Montreal at ;?i per cent per annum. i debt while the accounts show a surplus ia soiiie'liin: less lo I, 'hat ;it III W;lS ;| ,S||| Icon •nuc generally eritics. 'I uuide that 'here ^vils ooiint for I 'o tli(,> on than wipe onrite Hi,,. pre.ss. 1 1 PI'aetiee of had b(>en, t '■harges 1,) dei'l.arinj,' ., liiiows anyt •hat such h p;ist. We I 'lio same ni '■"xj)en(lif,ire 'lii'-big of rai ant works, .s od to (ini)ital '■'It iniprovei "liito siibjeel 'l''l'f. and 01 proper charge of the year. t'lo Con.sorvat ■suridnses in Indeed. The periods of Coi port to show .s ailiult the pre.s ■'f ii fair one, unless the rev ou both ordlnar «'c M-ouId be ol these surpltise.'- "Pposite of hav "'oir accounts, '■""foderation, .vcars in wliiel total L'xpenditm ""•I oapltal ace, tion of making gi'iitloinen oppos ••^ii'plu.ses in th: "'"•St gratlfyiuj, "-'".<»0<) last yea, h- a poliey wl, ''"'■'•d the rate ... .1.. ov^Cvv :T'T- ''''''''■'' '^'^'^^''^ •'...■ '^n\u :;zrrrr """••^ '•'■-• f^ -,„:;';;;: Vr;;;;;"^"'"^'^"'" '"'••"■"'•'' of (ho r,.v..., """•'Nin if the '-' '-"^ to ;: r';";;: "* '"'^' ^•-- •"■•"■f-'"'^ <" -IH. or.i ...'•' •'"'" '■"ft"' '<""HS ...n.vfhln^. of (ho ,n /"''7''' """ '''"'' '""t suoh has no i^ouH '""'"" •■^"''■"■" '-t- Wo „.oat «.:",;:;";""•• <" "- ■•""^ ivories, s,u.h'as cl " ,"""'" ""f""-^- '■" to «.p..., aoo,! " is r ;; "rr '^""•■«- '■"t nnpmvomont.s aro , ' , "" "•''•'"■•'°- si'n>lusoH Ir, f',,n r, '■"'-■' '""'• then '""-'• ''''.oi:;^i;::^,;;;--7raro IHTiods Of Conservnflv; ^"'' "^'^ ^wo aJmlt the V^.^onCo^^^^Z^ '' -'> -"'^ "<•■ 'i fair Olio th.,t n , ai-Kumont to O"bothon,i„aryaeoou;;;^;^!;;;^|';;;!'"'-o, «■'■ Mould ho ol)llffO(? to xvr, aocdunt, , .v-"'.s ia Which ho ' L "'"" °"'^ '^- totul expeadlturo o argoa\ f, .^f'!^''"' ''^^ ••'"" '-•ai.ital accounts ° ""''^ '°^'°°'« """ of n,akin« s h"n '""-^' no inten- ^-''-onop,;;.HrTh:;M:::;.:t'""'°"- i"'«t i^ratifvinfo, M ' """' ""''""P^' tho ^vapo.icv\v";i;r?\;:;"'''-'^''«'^^''''-ti •'"•---- Of t^^ti:: -;;:/;-;:: I toMis III riff r :,.,,. , " -•'■''•'-.-,:.:,:;:; ^•;;''' -t of the i>Ni»7-:is— VCK.i.v JMSTRfCT. Iiilcriiir , <'1IS(0|;,S .' ; Mmi„t,.,i |.„ii,.;; I I'ul.li.i Wiii-kH". is:m-'.}u~ fntorinp ■\i"Niii<..( 'iViii',.; ■Mililiii '•iililic U'cr'lis" '■•'vf"'M.)iti;ro, R..vri,u<. : ,,:-;^^ 310,00.04 '''',li7(; 00 '"1,000 00 .'.'.'.'.'.""■■ n.U(ir,Sl 22 1795.757 ^ I """■<• .l.a..ror '"■"""■ '■'^'- •^•"•V. to ''«nt ,ho ,:•/;• "f -■'"■>•■ '-ausoit !■■--' --'••:-;''ar;;;,—^^ I TfUIACCO. l^-hametor.tipia"' ;V;'' "'•"'^'« «f that on-and a .cry i „ ('i. Z"""''' "^ «"'- ha'I a H(atomo„f , , ^ ^'"■""^'^-f hare ^•onuo c^ oS ' n tor"'"'"'' •''""^■'"*'' '^^ r^^ forasorie^of,"„;"'.""^""^"''^--' '^'iist'.tlls. I.>r,7o:{ !i.-, ;),(:.;( ;-,- ,„ Iff. f f 14 It will 1)0 seen, therefore. Sir, that, to a very large extent, our revenues have profited liy the atlilitiou that was made to the taxa- tion of tobacco. I have no doubt, however, that the sinugplinp: of tobacco has, ta some extent, been Increased ; but I think that, with the vigilance of my hon. friends the Minister of Customs (Mr. I'aterson) and the Minister of Inland Revenue (Sir Henri Joly de Lotbinifire), we may hope that that will not go on to any very large extent. Mr. FOSTER. If I do not mistake, the hon, gentleman (Mr. Fielding), when he pro- posed the increase of duty, v'stiniated an increase of nearly a million dollars from to- bacco. • The MINISTER OF FINANCE. Yes. The revenue for the year 1897-OS exceeded the average of the four years previous by ?()77,- 430.47. Though we did not get the full mil- lion, we did obtain a very large amount ; and I think that the difference would be, in part, explained by the fact, that there has been a very considerable disi)lacement of foreign tobacco by the cultivation of the native leaf, which has been carried on to a ver.\ large extent. Perhaps, the tlgures on that question would Interest the House, I have here a statement of the production and consumption of tobacco, the product of the Canadian raw leaf : Y'rUl'. "2 3 = !*( y. IS'.KMIt 10 IS'.H-'.),").. 111 1 lS'.l.")-llti l,S!l(i-!l7 i2! ]S117!IS Mi Pnidiiccd Lbs. iMltcii'd for Ccliisuiup- tiiiii. Lbs. Duty. cts ■i22,A,si I :iO'J,s;i(; ir.,in S2 523,;i47'. 472,(;4:f 2;<(i:tL'2() 474,20.") KW.ii.'il 2;i,lS2 (« 12i (>liO,141i 72l).osi M(1,H04 2.") 14i 1,04!), 420" l,SS7,0."iO 04,:«)H 03 First iiiijs. of I iNOs-oi) 11 i,ri02,l,-),s.i, i,407.to.>< + ■', for liiiiaiicu of year . ,'")00,71S 402,400 Protiabli' out- put, lSOs-00. 2,002,S(;,S,l, 1,!l(iO,007 Mr. FOSTER. Will ray hon. friend be kind eiiougli to tell me what tlie excise on the foreign leaf is ? Tlie MINISTER OF FINANCE. 25 cents on manufactured, plus 1(» oeuls on the leaf. 3."> cents. During the past year there have I been licensed H tobacco manufactories using CMiiadiau leaf, 3 tobacco manufactories using Canadian and foreign mixed ; (1 cigar fac- tories using Canadian leaf, and 2 cigar fac- tories using Canadian and foreign leaf mix- ed. In 1807, there were 2 cigar factories licensed to use Canadian leaf ; In 1898, 3 were licensed to use Canadian leaf. There has been a large development of the Canadian tobacco industry, and many persons who. in the course of our tariff investigations, testi- fied that lliere was no probability of Gana- di.in leaf entering into general consumption, must, I am sure, be quite surprised at the extent to which their anticipations have been proved to be mistaken. Canadi.an leaf h;is been improved both in its growth and in its curing, and it is entering largely now into consumption In Canada. There is a side of that question that a Minister of Finance has to treat somewhat seriously, for every pound of that Canadian leaf that is used dis- ploces foreign leaf, which would be a larger source of revenue. But, I suppose, there is a large number of hon. gentlemen In the House who will not attach so much Import- ance to the revenue as a Minister of Finance is obliged to attach to It, and who rejoice in the fact that tliere has been a very large Increase in the growth, production and con- sumption of native Canadian tobacco. COMPARISON op EXPENDITURES. In View of the change of administration which occurred some two or three years ago. It is but natural that comparisons should he in:ide between the expenditures of the hite Oovernment and the expenditures of the pre- .seiit Government. Such comparisons are eminently proper, alwa.vs provided that they are made on a sound basis and with due regard to new conditions. The expenditure charged to consolidated fund for the year lS()(i, that is the last year of the late Gov- erinnent. was !f;3t(.949,142.03. Hon. gentle- men opposite have been disposed to claim the exi)enditure of that year as a proper meastue of the requirements of the country, as the proper standard of our expenditures, as a measure of the sum which would have been required to carry on the public affairs of the country If they themselves had been permit- ted to remain In power. I have had to laUe exception to that view in the past, and I am obllgfd to take exception to it here. I thinlc 15 'et'ii quite plnin f It i!i o oxpoiuliiii '■oiii our past vented ti, re or 1S0(! Is tl it must Ii.'ive 1 discussions til i-ot a fair stan.Ianl. ami If we ^vouM ronoU .1 fair conclusion by M.e records of the Gov ernment. we ,„.,,v properly «eo what was t^ e expend.tnre f.on. year to year, r hav he e a staten.ent showincr the ,„o,,ase for s . .vt'ars. beginning with 1890: e li "■oiruh theii '">■ sei.fieuiau fro ni carrying Yoar. 1SS9-90 1890-91 ... 1S!)l-92 1S92-93 .... l*'33-94 .... l.'^M-fr, ... Expeiifliture. $35,994,031 47 3r,,SKM7 96 311,76.5,894 IS 36,814,0.52 90 37,583,025 52 38,132.005 05 bicrea.sG. 349,536 49 422.326 '^^ 48,158 72 770,972 62 546,979 53 •H ...,f)4.,0 per annum. It will be obsorve.l th.tr m every year there was an increase In o"o .vear tl,e incre.ase was slight. 1,um; a the other years the increase was verv co'.- sl< erable. Can any one. with these li-^urls '""7 """• ■"""•vo reasonably tha tl u Tx t H extent I have mentioned, was Koing to Mop suddenly in the year 189C? Is it not'^ea- sonaljle to suppose, .and would not anvbodv .vo looked over the.se li,ut.es reach the con- cH.sIon. that the apparent reduction in 180.; ^ as only temporary, and effected under conditions neces.sitating an enlargement o tlie expenditure in the following year v The rf:^'iu^T '•^■'"' «" ^'"- ^°^-"^'" ^^ vu ^^ But there is otiier evidence of a most n k:';;! r/'^-^'-''''^-- '" "- -me dIrecZ! It s ^^ell o remember that the estimates of Parliament are presented in at least three us nllv T- "" '"^^ "" '"■^'" ^^"™-te t^ieu. Later on, we have the supplementary Est mates. The supplementaries very often oon ,,in very considerable sums. Both ZZ books of estimates are .ubmitted usual v J,! advance Of the fiscal year, while the old ^ea 1' «f"l ninmng. Then, at the followln/ses ^'- -Now. the Estimates for the year Ts'r m;;';:rtT p;','" "" ^''^■^*^° "^ i^otfand s^;;'. m i^J'^fofy 7"" '•^;--^' ''-• '■r'end the in'o wi i,h ,;? • •^•^- '^^'■- ^''"«'«'->- Brents. ID'" which It Is not necess.iry to enter, pre- «" mr ■' •■"""""t«cl to $38.:i(,,s..-.i,s.,:!. If dc to,;;r;"""'"; """"-»- ^or sums :-d"„rE;;i;-SSatrfrr^"" '--td; totr Tr""""-^^^"- ->' sure. Will Show : an r:h:ir^"r- ' t"^ cxLcndituro of ISW '., mo b "'" '^'•■'' -.a..^^:nd;;r;?^'5;,r'T',;:r''^-°- iKsiin.atesff;.,. ? ''' ""' «"I'Pl«"'entary urn, tes for that year would have I,een -f ('!•> late Government i..>,i ,. ■ '^ I's one of the suh^ee^ '•""""n^J I" Power '•"'"..oe has said that tho." Z'luTrS ^^ ought not to be conslde , Sbec^' ' o 1 ; ■h;"; ^^^""■■^^^^ -•^''^^-- -ere agreed to I)' the Government. Well nnrto,. „„,< It IS .a matter of public notoriety that < W Estimates. We have had evidence of tin? "ithisHou.se Since this I'arliamenrmet haveh.adhon. gentlemeti. neZtX r -nsc ously explaitiing to the Hous "ai c -" t.nn things which were since done bv the present Government had been a.^nged for and provided for in the Estimate of i/elr predecessors. Now. if that was a fac W can we accept my Hon. friend's s atetnenT ;'.at tiiere were no Estimates agreed to T I am to accept It. then I am forced tn .h! conclusion, that .somebody was trv^g t pH, a sharp trick upon the electoi'ate of h country, and tlie matter m-,r hT ""^ than that, because it lool as'f hT "T' men were also trvln.- to n,U '" ".*'"» TO play some shaip m s;-/ fel I Ifi ti'Icks upon tho moiiilxMvs wlio supported tlioni, and who. no doubt, apccpted in >;ood fnitli tlio promises that were niado. If we arc to treat these Supplementary Estimates whicli were sul)milte(l and dismssed in this House, and llie details of which were given to the House, as bona tide lOstimates, and If we are to make allowance for reasonable further Supi)lementar.v Kstiniates, which would be nec(>ssar.v to be brouirht down some montlis later, wo sliould be forced to tlie ciinciusion that hon. frontlemeii oppo-iite contemplated an expenditure, or so estimat- ed, at all events, for the year ISOCi-OT of al>out .$42.n(XlO(H). Now. of course, let us r<'nieml)er that we do not spend every item of the money that is estimated. For one rea- son or another, considerable sums of money which are estimated and voted in Parlia- \ ment. are not spent. If we make n j rough calculation in (Ids respect, and, sup- 1 pose we allow a million for possible reduc- I tious and foi' certain lapses, tlifit would i bring us down to the sum of !i!4 1,000.000 as | that which the hon. gentlemen, on the basis I of these Estimates, must have spent in the ! year 1S07. had they remained in power, whereas, we actually expended in that year only .$38.349,7.-0. So, if this calculation be anywhere correct— and I admit it can only Ite a rough calculation— after we have cred- ited hon. gentlemen opposite with lapsed ilems, the difference in favour of the present (Jovernment. in tlie year ISO", was nearly I .i!L'..')OO,0O0. Hut let me. for the sake of .argu- ment, give my hon. friend the benefit of his contention that there were no Estimates I agreed upon, and. of course, that necessarily : implies that some of tlie hon. gentlemen I wlio made various statements in letters and i on the plari'orm, were not as accurate as they should have been ; but we need not dwell upon that. Lot us assume that there were no Estim;ites agreed upon ; but let us also assume that there must be .Supplement- ary Estimates, in the natural order of events. What is a fair means of ascertain- ing the Supplementary Estimates that the hon. gentleman would have been obliged to ! sk for in 1S!)7 ? I propose a method of cal- culation to which, I think, my hon. friends opposite cannot object. I have prepared a statement, showing what the Supplementary Estimates had been for three preceding years, which is as follows :— fis ISiCi sii.M iif Allien •? ct?. , .•* Tntal. l.l!tt,o-ji; HI l.o-J.'i,7s:i rt; i.:vjr.s(i;i 31 IS! 14 18!« cts. , i l.OdL', r)S5 04 I i 7!i1.s7(; !)<) I I 7ii7,S.V.' CI 'I'ntal fur tlii'i'i' vnu> Avciaijr '. . . ••? I'tS. '-',rj5i;,iiii ii.-) 1,815,000 61 0.407,! 128 48 -MH,'i.!t70 10 This statement shows, that, in the three years, from the actual figures of the hon. gentleman's own blue-books, lie had Supple- mentary Estimates to the amount of ?C,- 487.928.48. and an average per year, In these three yenrs, of $2,1.*»,17G.1(!. Now, If we take the amount of the Main Estimates subnutted to r'arllameut by him, in the first session of lS9(i. for the fiscal year 1890-97, .?38,3as,.'4S.l,3, and add t!ie average amount of the Supplementary Estimates for, the preceding three years, $2,135,976.16, we have a total of )f40,444.520.29. as the least sum which the late Government would have appropriated for the year ]&<}7. But to get at the probable actual expenditure of the year, we must take into account the sums that were usual'y allowed to lapse. As I h.Tve just said, it is not possible t» spend every dollar of the moneys th^t are appro- pri.-itcd. Cnvlug to various causes there .are always sums which it is nort found conveni- ent to s Propri it( deductio again tal Ing year • lio sums tlie sumi years, bo Estimates Expendltui Estimates Expendltur Estimates I Expendltiin Total fo Average It Will b years, the 1 they were indicates t closely mat tlie fullest the average three years, i''rom the i make the fo Hon. Mr. F( 1896-97, subj Add for Sup, the average mates of the Total Estfmat would thus 1 Deduct the av years Balance repress servativo exi Against the ac the present ( Showing a rodu Government ( The tendeuc tios, no matter ^\'ill alwajs bt measure of co to c'ut flow a e always be foui to re.ilzeall thi that direction. Ic.'ids the Oppos ".Id some expei tlic cloie of the !!!-; appeal to tl in this House, I: ii'.ivagance «f M 17 deductions shou Z" ,„ V'''"'''"'" ^^'"'^ l""'"^'. nn .u !, 'T°""'' ''•''""'"'^' '" ^^'s Ing years. Tho f„ ow.n ^ ''"''■'•' P'"''*^*'*'- "" said hp 1 "^ '" "''« """«e. K";i;s;t:,X'S5i'i:i;;:.»|j; Estimates for 1893-94. Expenditure in IS93-94 Kstlmatea for 1894-9.'; Expenditure in 1894-95 38,365,031 13 37,585,025 52 39,103,912 71 38,132,005 05 Lapsed. 11.665,839 22 780,005 61 971,907 66 could conduct fh? P"'' """^ "'»* »'<'y •Mr. Mackenzie had "u "^ Ve"h"'"' "'"''' it before, he said .n , ''''" ^'"^^'^ arodto I have elvpn n. . '' '" Power. Average .^!*"' J3,417,752 49 if they are calle I fnl It ^^"^ "^'""' ^o^ds z:ixr-- --■ - - ::: :=ar ^S^ - "■-S;tnf s tbe fullest beuefltnth.f'' "" '""• ^^"^'^" '"^•' P"^-"' '^"d thrlxl 1 ,!'"':''' '^ ^"^'^ the average Of la J°,™'"P"'"'«°°' I take '"'^'^S reduced, was r 2 J T' '''"'^ *^^ three years^Vio, ?''"^''"'""°^ '»'• »'« ''°""ws :- ""' "^'^'^ '"creas..!, as -ake the following statlnVenl J'"* "''^ ' 1879 1880 1881 1882 Expenditure. $24..1,^3,3S1 56 24,850.634 45 25,502,554 42 27,067,103 58 "l896 0^''- k"','^'"'^ Estimates for -..--- - t.e .ear 1897 ^ -t the. w..d L^l^e^ t2:^p2, ^ - Deduct tbe avera^e'ra^p^^es-oi-three *'■''*■''* '' 'oTve?n^e'n''t'T°°..^^ ''■«"--'■ 1,139,250 :3 39.305,273 46 38,349 ,759 S4 955,513 62 that .,f-^'^^*^'°00 to $1>7,0.;7,000, After ; ttiat the expenditure went un h„ 'a"cl bounds, until at last U w? "^^ : 'han $38,000,000. Now r Jn. ' """"'^ l^ds the Opposition (Sir Charles T. -,r) hasU^tl '^""'Parlson, will be one wS "..1 some experience in that line. ™s '"',!,'"•'' "'^'^"""^ "'» ^^^'th of popullL ' -^.^.ance . Mr. Mackenzie. Oovern... I^' sSl.S^ ^^ ^^1^.= 18 In population Its needs will correspondingly Increase. If the expenditure Just keeps pace with the Increase of population, oi shows a (liniiuution per head of population, there Is nothing in H to alarm. If the expenditure per head Increases, then there Is Just ground for criticism, and the Increase will have to he Justified by some Important and urgent outlay. Under the administra- tion of the late Governmerat, not only did the total expenditure increase, hut It In- creased much more rapidly than the popu- lation, and consequently the expenditure per head showed an Increase, I have here a statement showing the expenditure of Can- ada chargeable to co^iisoliilated fund for all the years from lS(!7-t!8 lo 1S'.)7-9S, giving the rate per capita— the population in each year being taken from the census or from the esti- mates furnished by the Covernment statis- tician : Kxiiiiulituii' .if Caiindii oliiii^ri'iilili' u> cniisulicluti'il fund fnr yriuslSd; (iS u> 1S!I7 '-'S : ^,'i\ iiif,'tlii' riiti' |h-i- capit.'i. Iv.liciiili- Yfar. 1-Aiiciiilit>irc ('cm. Kuiiil. l'ii|iiihiliiiii. t\irc pel- ('Mlpjta. S ct.'^. ••«! i-ts. ISIiS. . I,'{.18li.0!t2 !«; 3. 371.. 504 4 00 isd'.i 1 t.oliS.cst no 3.411'. 11 17 4 11 1S70. . H,8-l."),50!l ."» 3.151,248 4 15 isn.. i,-.,i;-_':<,()si 71' 3.51.s,lll 4 41 1S7L'. . I7..')80,i(i8 SL' 3,I1M.!I02 4 87 is7;<. . 10.174. (v»7 O'J 3.i;ilS,220 5 I'.'i lS7t. •.':f,:!i(;,;!i() 7"i 3. SI'.-), 305 11 10 i,s7r. . . L>;i,7i;!.o7l 01 3,,' 4,433,3113 11 48 is,st,. ;H1, 107,70(1 1'5 4,485.305 11 04 issn . , 3r),()37,o(10 11' 4,.538,70O 7 72 ISSC... 30,011,(111' 2ti 4.580.414 ,S .50 1S,S7. sri.iOT.iwo m . 4,113,8,100 7 no 188S. :i(i,718,404 70 4,1188,147 7 84 18S!» , . ;iti,oi7,8;<4 711 4,730,1117 7 70 1H!M). . A"),oo4,o:n 47 4,702,(105 7 51 18!ll . . a(i,;m,r)ii7 on 4,84(l,37r 7 .50 ]8!)2.. ;i(i.7(>r),804 18 4,,800,27:< 7 50 18!I3.. 3(1.814,052 00 4, 053, .557 7 45 1801 . . ,37,.")85,025 52 ,5,000,201) 7 50 18il."). . :?S,182,(K)5 05 i5,(J0(),.5ti2 7 53 181M).. 3(1,040,142 03 0,125,43(1 7 21 1897. . 38,340,7.50 84 ,5,18,5,000 7 30 1808.. 38,832,525 70 5.248.315 7 30 It will be seen from this statement that the present Government, while carrying on the ordtaary servic.-es efflciently, and meeting large new obligations, have kept the expen- diture down to 7-39 per heivd. against 7-53 In 1895. If we leave out the exceptional year lS9ti. for reasons which ! have ."Iready given, we find that the expenditure per head under the present Government has been ma- terially lower than it has beiv.i at any pre- vious time (luring the past fourteen years. In view of all the urgent calls upon the treasury, Including additional Interest charges on account of large expenditure oa canals and railways, the opening of the Yu- kon district and the exteus'on of the Inter- colonial IJaiiway to Montreal, It would not have been surprising if we had beera obliged to show an increased expenditure per capita, but we have the satisfaction of presenting to the House a statement which shows that while meeting all the demands of Canada's "growing time," we materially reduced the expenditure per head of the population in 1897 and 1898. Sir, we are glad to be able to po'mt out that whatever may happen this year or the next year (concerning which we have not the material yet for making a cal- culation) we are glad, I say. to be able to point out that for the year 1897-98 our ex- penditure was only 7-39 per head as against 7-53 in the year 1895. CONCERNING ECONOMY. The nuestion of economy is very wldply discussed, and I suppose we can all agree as to the desirability of economy, but I am afraid there will ,not be such a universal agreement and clear understanding as to what economy means. It Is very easy for men to advocate economy in classes of ex- penditure In which they feel they have no particular interest, but it is not 5o easy for men to favour economy In the case of pub- lic works in their own locality, or public works in which they feel Interested. A large number of the gentlemen wno rise to cry out against this Government In the mat- ter of expenditure, and to call for economy, are among the first to come before the Gov- ernment and ask that we enter upon large and expensive public works. As a curious example of the Conservative method of treat- : ing this tiuesllon, I note that only a few da,vs ago 1 five i)arty on the Es on tlie Tab] designed to loo much. there appec iiiff that we dollars for ' that We she Supple mentji that Toronto ♦'xpeuditure, pcnditure Is presented by to assist my i':g what is think, howev some of our nize the fact should begin the Conserva the Mouse or the need of s liis own ,]isti scli(>uie la wl if he is aski vide money fo a.sk him to be member that and schemes i and. if he exp for the develo owni particular to have the sa: tricts, and If n The critics, in condemn our ej tlicu call upon in great enterpi I cilic cables, rai provements and can hardly expe prc.-^sion upom th ada. CAN I will give the tics of Canada's new but because of tlie Budget sp meat showing c tlie basis of " to fo!- Ill- last five lows :— 2J 19 , '■ "^ ^'^a" l>o exiiected to do «n u, „.t l*«7 i':^' ^: iis.oii,=;o8 239,025 360 s-i^r:ir,"""", ^-™°»-"" rr "'■■"■''' ■«« '»"S?3 thin... hoM-ever. that we shall have to ask '°^ '=°fi«'"^>Ption and cina°ilan nrni '"*"^<^ some of our Conservative frienrirf '^ '^" ' ^ana-iian produce ex- ni^-e the fact that econon/v-ii,-e LrU^ the Conservative party, whether he Is in 8% fl\h<^^X0S3 $104.igi,770 S"!: t. -, HS^=r~HHS=iiiiiili chomo in Which he feels interested n '''''' '"""""•'"'^ '-= a statement of f he is asking the Governua.ut t ' ," ''''^ f^'" "ons.unp ion ^^ th n hf"'' ^'°- v';"Y"-''y "-or that scheme, then wo ,u wt ^'°'^'"^-' -^''^'•^•" of the fo loVi ' ve" ,. '^'''T Sm;" ;Vt^r"'-"'"^^^ enough to r ^^ ^'- -outhUv returnsT- ' ^'^"^' "'^•^^* memoer that there are like public work« ^ roi the development of the country in hi« — ow« particular district, he must be prepaid I • — ic r„.d"if""° ^"'"^^ *^°"^^ '" ^ TI,r'Jf, '^°^c'^««»'-y in other provinces "»ti,.bl.. .^(,,,,7.. ;.„; -„, •..,, n-r -,■-.,. The critics, In Parliament and out who !7-- ■ ■ ■ ■ ^<^nK^^-^-m :^- -' --'/^i' ''i":!.r,u7 c^ndem. our expenditure as to/la^i,:;;; ' ' * ^^- ^^-'-^ ^i^fes^ lul^;;.!;:! tiS "ca call upon us to spend monev freelv 'i""''^' • '^■l.l^L'-'JnsTTos';;^ 7;.V-~ ~ m ^-reat enterprises, such as fast lines p. „ __.r:iL^ *::^0,<;"^^ '•Mo.,.«,si ij-.,79o,ooo pro^ements and publdc works of all kinds ' " pre.vsion uposi the fair-minded people of Can- ; ^^^^"owing years .- ™°''"'' CANADA'S TRADE. I __ , a„. T n. ■ '''""■ l-^i"^- l.S<)-t 1 Will give the House briefly a few statl« ' 1- of Canada's trade-not that they ,4 ,' , new but because they u nally are a ponion '^ * * S- Of the Budget speech, i have hero a .state- v'i'^"^'*' •^-.•■^«'-"!«,ss„-,i.i ss.o 110 -,-, nq-.L. r. meiit showinff Onnnrtn'o fr...^i , ; Not pro- '^ ^^--''''.OSL' 104,544,70? ;;. ;;».. o, ^S-::i,S'S llZ^^i^.:: iiSS? S£ ■?-- 'i^^K''" 5-t i 1 $-^ M -'^ 1 If t - . ft; ^i i: I. 20 Thpre \n n sllRht fnllin^r off In 1890 as (^oiupaicil with 1S9S. but In "oniparison WM\ Mii.v pro\lous ycMf tlio Incnasc is very Inpwc ; mill it is not unlikely lliat the dllTcr- cnt'*', as coniparpd with 181KS. may be mnde Rood bcfoa* the close of the tiscal year. I wish now brlotly to call the nttoiitioii of flio House to the extraordinary growth of the trade of Canada during tlie past two ,^^^ar.s. I have here a statement showing the total trade of Canada for several periods— Imports and exports, but not Including coin and bullion— as follows :— In isfis $121,266,217 187S 171,432,739 189(; 229,099,732 1898 295,461,754 The increase In the totnl trade of Canada from 1878 to 1S90, eighteen years, was |57.- (!(>(!, !)!),'{. The Increase in the total trade of Canada from 1890 to 1S9S. two years, was |(!(!,3tii;,022 , showing, Mr. Speaker, that In two years under this Liberal Administration, the advent of which to power we v;ere told was to bring ruin and disaster to our coun- try, the total trade of Canada increased more by ^,695,029 than It did during the eighteen years of the Conservative Govern- ment. INCREASE OF MINERAL, WEALTH. The attention of the world is bein^' drawn more and more to Canada as a mining coun- try. ^Vpnrt from the precious metals, there Is a wealtli of other metallic and n(m-metiillic substances the mining of which gives em- ployment to numbers of our people and affords rL'muneratlve avenues To: the em- ployment of capital. That there has been a very great development of these mineral re- sour'es will appear from the tables issued liy the (iroological Survey, giving the mineral production of Canada for some years back, I give the total values of mineral production c- 1890 to 1898 : ■ -0 J16,763,353 ". 18,976,616 IS ' 16,628,417 I,;-' 20,035,082 Oi; ; 19.933,857 189r> . 20,758,450 1S96 22,584.513 1897 28,661,430 1898 37,757,197 In 1898 tliore Is an Increase of over ^2 per rent as compared with 1897. Wnllst the htriro incre.Tses of late yo.qrs have, of cnnrsp, been partly due to the discovery and woric- Ing of the rich gold pincers of the Yukon, other important mineral Industries have also contributed to them and there is every rea- son to expect a continued rapid growth in many of them for soiC'' years to come. j EVIDENCES OP PROSPERITY. Speaking generally of the business of rh ' ; rnst year. I can fairly congratulate the covi- try on having experienced the advantages of marked prosperity and sound i)r ,.:ress. On every hand we are met by e\l knees of expansion, and nt tlie risk of wearying yon Mr. Speaker, I propose to allude to a few of tiie many directions in which the activity has j made Itself felt, so that we may measure I and compare what has been done in the 1 post year with what has been done in years ■ previous. In banking circles 1 llnd a henltli.\- I and strong tone pervading the returns com- ing to us from month to month, and running; through the reports presented at the various annual meetings of these flnanelal institu- tions throughout Canada. It is of Intere-t to note the very striking advance in the ag- gregate of the deposits of the people in the chartered banks and the two classes of Uovornment savings banks. For the two years 189G-97 and 1897-98, the llgures tell their own tale. 1 give the detail of these deposits for the past eight years : Deposits, Deposits, Chartered Cov. Savings Banks. Banks. Total. June 30— 1892 ... 1160,942,778 $39,529,547 $200,472,325 1893 ... ) "0,817,433 41,849,658 212,667,091 1894 ... ."■1,9:">9J6 43,036,012 n7,9t)6,94S 1895 ... . i8f,i;f..:,i.?i 41,450,498 225 n4,6in 1896 ... IM.rc ./.' 46,799,318 '.W, 569,3 10 1897 ... '^)l.M1,C?'< 48,934,975 250,076,6);;! 1898 ... . ^_:,'jt;3,343 50,111,118 277,174,41)1 Or the 31st of March last the total reacliod .$297,483,152, indicating that the pronouiu'oa Increase of the last two years In this dln'o- tion Is being more than maintained in ilio current fiscal year. That there has been an unusual .ictivlty In business generally will be apparent IT wo look nt tlie returns of the clearimg hoiisrs throughout Canada. The total clearances In the six cities— Montreal, Toronto. Winnlpr Halifax, St. John and Hamilton— during i!u'| year 1898, reached the aggregate of .fl,.'!!)!!.- 019,394, as against $1,174,710,345, during tlip| previous year, or an Increase of over .f'Jl.'i,- 000,000, or over IS per cent. You will re- member that the clearings of the same six 1 cities In li fess of th 1898, so fa !> ^ery uiu< 1807. In the ca II J w, I ma; America »i c coming ii, 1, '"crease in 21 per eent, liiei'e.'iso has 'I'here Is n ne.ss that Is "'Ml now ro times of ac iiiand Cor en Is specially Immediately moved. During tin continued de fof small no cult to keep ) To show 111 statement of tlie chartered uotes for the | purpose of coi each year, w greatest : 31st Oct.— 1S92 12 1893 %, 1S94 o 1895 Q. 189B .... o, JS97 .... A, 1898 42 In the case < small denomlm I" the fall of t I'Klced. so mu lias at limes hai 't- The anioun ou the 31st of ( past seven year IS follows : 1892 1S:'3 .... 1S04 . 1895 .... ■" 1896 ■■■ 1S97 ■■■ 1898 ;; Closely allied 'I'Jit Of Insuranc '•'.Ids the pruder ai a vi-ry m 181(7. ..'.°'i"„;:r.:;. "•."""' >—™i.-v...o. Ainerlcn 'i rar -.s ,,,, ,.iea rings remil i(, sbowa '"' . ISft? .. 189) ... 1X1).^ .. 1 St>fi . 1S'»7 . 18.IS . . »;".1,475,22'J 279,110,265 -'■>o,(>22,722 308,161,436 3I»,257,581 327,800,499 344,012,277 388,517,074 'II. SHIM nee ..ffected la life companies during J37,S66,287 44,620,013 4r>,202,S47 49,525,257 44,341,198 42,624,570 48,267,665 54,270,775 each year, srealest : Slst Oct.— 1SP2 1893 . 1594 ..." 1595 ... 1896 ....' 1897 ... 1S98 ... ' Banks. 138.688,429 36,906,941 34,5ir,«5l 34,671,028 35,9,55,150 41,5S0,9'8 42,643,446 a I'ulo the demand Is Government. Total. $18,647,063 19,844,248 22,212,884 22,893.259 21,607,553 24,751,932 24,315,988 ?y7.335,492 56,751,189 56,729,535 57,564,287 57,562,703 66,332,860 6<>,859,434 or nearly $.-.000,00i. more than lu any pre- l^'In.f ■"■• ,''''"'''" "^'"""^^ '« °«' include m. sui.ince on the assessment -vstem That the year has been prosperous one with he traders will appear rom The records of failures kept by the com, ..rclal agencies indeed, In this respect 1808 1 ,s the S re- cord we have had for vear.-^. The olal agencies give the total i ures In Canada In 1898 as 1 3( tiesof ..it0.821,32;i a-ainsi l.SOt) liabilities of .$14,157,408 in the commer- inber of fail- ■.vith llablll- lilures with t^'arl897, or •"■"al/denomhiflLn," Dominion notes of the '^ ^^"'^''"'^ of 28 per cent In number' and 30 fal^l r:i!' !"'^.^'- ^'''^ ^•^-««J !!!„'?"1'^!!^"°""' '•>« <^«-Pa-d with the In the Indeed of the year has been year 1897 m,u.h c ., ^^''^ great.,-'""' ^°"'- ^^I'at is the best record for tho h-.s„^M,« , . ° **'•''* '^^ department P'^-^l ''"'■teen years. on Ihe'nrof o< 0.1 f °°''' outstanding;^'^''" ^^ry favourable, notwithst,. ading the past s'ven vea.r r, f ""'^ ^^"^ ''^^ '^^''''" '^'"' "'"^ '''''"' throughout t e greater seven years Is of Interest, and I give It, ] P«" "^ the year. The earnings oi the Can- -adian Pacific Railway Increased .? 1,973 000 , f -^2,000 over those o' the previous vear ' lurl JloT' ''" """'" '"'^ ™"^Panles for' 1S97 aua loiis are ; IS follows : 1892 1893 ..'.'. $7,266,569 1894 1895 1896 1897 1S98 Closely allied to the banking 'I'iit of Insurance. The 7,266,937 7,031,368 7,295,368 7,583,712 7,940,520 8,012,602 business Is c. P. R. \lll f2,3,822,000 "^S 25.793.000 The large street railway O. T. R. ?23,530,000 24,112,000 , ., - -"- prosperitv of tofioTri r'*^ """""'' ^""way companies have -^ tn 1R08 • '''^'"iu'"'. ''"?'" C^overnraent lands in Manitoba companies m operation trom 1S04 to mm . and the territories beyond, which, acoording to - — __ — , ofiieial returns, were 4,848 in 1898, as against j I ■ I 2,406 in 1897. IS04 : 1805, 1800. 189T. 1S9S. .^^ ^j^^^^ ^^,^^.^^ ^^^ ^^^^ accomplished by the ' constnictiou of the Crow's Ne.st Pass Rail- S S .$ .i $ way, let me quote a recent article from the Montreiil . sM.fntn 1,1112,777 I,■'6.^so8 1 342 Siw 1 471 P : as did that ushered in by the con- -,..«,.i/i .,4,i.,w.o .,h.ii,oo,i ...11 MO. .i,14J,Xi4 struction ot the Crow's Nest Pass branch of the .- Canadian Pacific Railway. In the city of Halifax, the receipts of the Everywhere along its lino new towns have Halifax Tramway Company for 1897 were ^Pmng up, as mushrooms in a warm shower $194,775, ana for 1898, $198,837. In the city am? tt"'seUlem";^f,d^STn^g^'f''he''e;tir"e of St. .John, the receipts of the street rail- district has been nothing short of phenomenal, wav company were : ^'°^ are the towns so built carelessly knocked together, to be abandoned the moment the nov- For 1896 $51748 f"^^ wears away. The line runs, in Its entire 1897 .. 57'949 length, through a country of vast and varied 1898 64'790 resources; and whilo the wild-cat operator may he hero to-day and away to-morrow, the fact These are some of the features, Mr. Speaker ""^"'^'"3 that the natural wealth of the country 'of the business record of the Dominion: ^^^ar^of d\%elop,;^erso ?h^ They carry with them the Inference that steady and permanent growth. there exists a strong feeling of confideuce. The last report of the Board of Trade of not only in the resources of the country, l)ut the city of Toronto offers abundant evidence also in the basis on which Its business Is of business activity in Ontario and through- founded, out the country. I quote a passage from lliere are other interesting figures of alike tlie .address of the retiring president Mr character which I am desirous of laying bo- Ellas Rogers : > ' • fore you. Tliese 1 have iKi'l in-^orporafed into diagrams, copies of which will be placed in ini^eX^p^en'ri '^^rei^^^.TYrld'e^'rh^/^efroreifla",' your hands. They cover fuller statements "o '«"ss agreeable. For the first time in the hls- of the import and export trade ; the shipping orcLded'«30o'Soo''ooo" nVaZe"""'' ^'"^ "'''°'''' ^'^" and coasting trade ; tlie railways and rail- The Increase was due in part to the high price way traffic ; life and Are insurance : deposits ?'' ^^''^*' 'luring a portion of the year, and to the in Chartered banks and savings banks ; dis- l^o^l^g.^'wit^ 'Z' ^^^^^ e^S^ Tllret,^; counts of the charteiitl banks ; and deposits products, however, all classes of exports con- made with loan conpaulos • and show at a '["'"''''l f" '^f increase. The result was seen in ™i„„ M . .^ <-<.". iJ.iims , .luu suow at a the freedom of Importation during the past sum- glance tue strides that have in recent years mer, even before assurance of another good har- been made. y^^' K'^vp added strength to the movement, and Pf.rlinns Mr ^noni-o,. i,. f i « . J" the increasing demand upon our own fac- iei naps. Ml. hpeaker, Instead of using torles and mills. words of my own to describe the prosperous '^""' '"^"^^ °f ""^ prosperity now to be seen condition of C'ln-idn r i.atfo^ k„ °" ?^«'"y ^'''e is due to the increase of the export Luuuiuou or l^anaaa, l sn.lU do better by trade must remain a matter of opinion. It ma^r quoting the words of others who are In a ''e noticed In passing that until six years ago the good position to speak witli authority. Of hurdVeVmniion^''\"nd ThlT' "'"""■ ^"""""f^'l?"' n,„ k T 1 ... nunareii mimons, and that, as compared w th a the great development that has taken place, date so recent as 1S96, tlio exports of 1898 show in the Yukon gold fields, I need not speak. ^" '"crease of thirty-four and a halt million We have had abundant evidence ot that In "The'groatest Increase of late In the volume of our recent discussions. As one of the Indlcn- ''""" '"'Ports give to some extent the measure tlons of Improvement in the North-west I ?l ^)^ country's industrial development, l>ecauRp tni... fi... ^ i T ! .Noiuiwcst, I the free Imports consist largely of raw materials take this passage trom the latest annual re- '"'" manufacture. port of the Canadian Taciflc Railway : At the annual meeting of the Montreal The satisfactory progress which has been made I^'^"'''' "f Trade, the retiring president, Mr. m the settlement of the North-west is evidenced Charles F. Smith, spoke as follows :- I think tlon to this of pr:;spcr knowu, an( out Canadi ing to life towns. Ot with a dev ing resoun should be I near the 11 deepening t to share in that is ino\ that ue cai the trade ai tion in the r From an meeting of James Grat of the boan 1 think to- this board, tl to us what connection w country. Dui have been a merchant in many season; pression ; but ii:eroial and fi have been on at present. V tiful harvest, manufacture business. While the , ally Is renin ftict that In t not sliared ii have the prov less, we have that quarter. tion frotn the iug, but, froii comuuinit.v. i business of th- encouraging oi winter port i iif the lumber most importaui we may make province, there uess activity. following frou Halifax Board The business c satisfactory natu' which has attend abundant crops ai ticlpated In by n Kreat cause to be .V [tided a larger r ; • our coal mine '■ave bad their sn them by higher 23 tloVto"his'Lt"forr'arr' '°/^" ^'^"■- ^"«"- of prosperity suca as f^i, ""^ '° ^^^ enjoyment known, and it Is nrpftv » ^"untry has never out Canacla Our rfn-n T°'^ '"^'''etl through- ing to 1 fe Aeu viii. °'''-' ?-'''^°^loQs are bring- with a develonm,^ n " ^t'-'^'Uly increasing, ing resou 'is,"^ to'' Me i>,no^.f'''°"""!;"' ^'"^ '^^^^ siiould be ful y alivp if '"°"^,"=? °' ^^-l^ich we near the line of .afn^'?/ °J .V\? '°^^ns "n or deepening their ha, hn r« ^"^ "'Hiding elevators, to share in the nrofhs ^^f"!" "'^H'.'-''^^^ Preparing that is nioving ei™ a.-d ^'^''W'"^ '^^ Produce tliat ue cannot 7eii7r;„>'""'-''?f°' ^ believe, tbe trade and trafflc thu ust' h'''"' ^'''''"^ °' i tion in the near future ''''-'""° °"'" P^r- i Seirro'^'c'e^^fro^e^^n ■r^^j;'"-' ^''^-«^ previous year have nordnnp h?m'''^° ""^'^^ t^« terprlse of pulo m.n,?; ,^ ^^'''^ '• ouf new en- gonerally spoa Inf the' .'« '\"°"'-'«'>"'g. and our province a vp.-vf- 5**' ''^'=" throughout Failures have Ve ,'^„,?Sf fSln°' '"•'-'^"Ity! sma ler In an oMnr „n V ■V'^'^ '" number, and conlidenoe to th gCt Ttifr" '"?'? forward' wi?h province, with its var?e I h,fp^ ,"'''"''' ^^^''''"^ our are capat^le of '^'rJaT dt^JopST''''^ "' "'^"='' FOREIGN- TRADE-CANADA AND THE UNITED STATES. I'^rom an address delivered at the same -^eetmg of the Montreal Board by \T,. ot tlie board, I read as follows :- thiVbi"rd,Va7theTast vear^'h'' '° '^^^^^^^^-^te to us what n,ay be termed n^' ff,"^'°'y l^een oonnection with the trade and , .^'^"'^ ^'^^'■' "> country. During the fortv nil """"'T'*^ °f this have been actively on^i^;^^^,/'^!'^,^'" ^Woh I "ierchant in this citv r hn- °"-*'''-^« as a many seasons of nerci.uiM LS^'a'^'' "^''""Sh pression ; but at no f?M^; != ?",'' financial de- !>=ercial and financmi inte'e^: of^?hT° "^V'""- nave been on a >!n„n^ . °' "^^ country to at present. We I'a o h' n', ''"^'- ^""""^ than tiful harvest, and '.1 e g' go fin no^''"^ ^ '^°""- "i^uiufacture repor a f^^f^^f '? commerce and business. satisfactory volume of While the condition of the countrv gener- t.ict that In the Lower Provinces they hav- no Shared in that prosperity .s Zwl; 1 ' we'h'l'r"'"' '""'''-^'- -''''■ ^''^verthe- >s ^^e have very encourasiu? reports from Mtqnarter. I Imve not at Ld quor on rojn the St. John Board of Trade'n - '".-,. but troin personal knowledge of the -■""Hinity. I am led to believ. tha the Halifax Board of Trade :- -U«^iorory"Zr/t,r';'rt-'''*%^-." °' '^ ^'^"•'y ^^hlch has atten .d H 1 although the prosperity ahundanrcr"epr;", Z^^ZZ^Z^IT, '^'"'^^ ticlpatcd In by us to t ,P ,.M^ . '°' '^'^'^'^ P"- Kreat cause to be thani ni n,l'''\T- .'"^ "^^e Vl-^lded a larger return th^,, ?!."^..^'f'l m'nes have t^em by higher pricTs.^l^!.' fX-^rZtl Zll N-on- I shall asic the attention of the ironse to a statement respe.tins the for- ;"|^n trade of the United State.s and Can- ■t'la. I have prepare.! a taide, compar- lufe. Hi very considerable iletail, ih,. for- on. the time of confederation down to t.e present moment. Livi„,, ,,, ^.^/^'^ a ongside the great republic, it ,s nat.t ai bat we should make comparison from time to tme between their affairs and ours J C^nv'^V''^' ''" ^"'^^"^ «''''- "- ou^t;^ rr '°""''^' '^ '' «elf-contaIned coun ly . It does not need to go beyond its own borders for yariety of products o mu h <'^ does Canada, because it has a greater diversi y of soil aiid climate than we 1 ktV^ Novertheless. the people of the United Sta e« are very an.xious to develop a foreign trade and many „f our American frien.ls wouM be surprised, to know how far behind Cal ada they are In this respect. The total trade c ^iv : If 'T"' '"'^°'-^^ """ ^•^■'-«' lxclubi^e of coin and bullion, in 1898 ™nt«, to $24.00 per head. For the sfme Mr. FOSTER. That Is foreign trade. The MINISTER OF FINANCE. I am speaking of foreign trade. And 1 quite r" cogn..o the fact that we must not draw rom hi3 too quickly the conclusion thaT «e are more prosperous than our nelgh- , bours because, as I have said, from S natural condition, they do not need to 1 I abroad for so many goods as we. Sill J blnu the «^^^^^^^^^ one. It ulll be seen by flu. table to which ; refer, that in lS,iS , he lotal ti^^^^^ jUa^ed States was .^7.2!) per ,ead. and blrtyyoarslaterin 1808, It bad increased to Ut.M per head, an Increase of iTIil per was $35.0(, i.er head, and In 1808, $5(!.20 per 24 head, an increase In thirty years of $20.33 per head, as against an increase of $7.31 per head in the United States. Mr. POSTER. Does my hon. friend (Mr. Fielding) happen to have the population of both countries In 1808 ? reference ; it covers many details with which I do not wish to trouble the House. Mr. FOSTER. I have no objection person- ally. But I want to call my hon. friend's attention to the fact that I was very strictly l,ii;ii,i;!i7 ■'t7ic>.(i;i.s,-(;i!t •"'•i!i. i;!:t, i-ji I'.ili.'Jst.Kio ■iL':''i.."iSL>,L>l7 ■")H!I,(;7(I,1.>L'| llK0,7(ll),L'ti.S (l!l.'<,3tO,7iK» >iL';i.!)iii.;t,'-i;i 8W!.i(l.',\!(l7 7;i;!,i':i!i,7;rj l'A|"ilt.s. T.itid I'Apiilts. Total liii|iiii'is T.jtnl 'i'lii.lo. .S ii,7iit.:i;y lL',")(;L',lt'.l!l lll.'.i.'il.lKHI lli,I.V..L'!t.-, ll.l_'I.L'7ll I.MI'.Ml. I.Vi 17, lie, ts;i l.;fo,-| l.M.M.;;;i!i i7,;tOL',.vrj l-'!tl,5l»ll,HI -■S|,',l,")L'.,S|)i) L'si>,117,ii!l7 :i!ii',77l,7iW llL',.HL'ii,l7,v; iii,i7r..'iH(; •V.'LM7'.I,!IL'L' ."i.><(i,-j.s;i,()io ■■'i;t,iiL'.7ii .Mo,:t,si,(;7i IHtl'. 17,"M.'L'(I t>!il,Sii").7ii(l 71(1, i;i!i,iu N.'l.\li.'!S,(i.'i,S ii02.;i77.;ut; 7."i0,."i4i.',L',"i7 ;!."i7, 117 i;i,-i, r.L'd, (iL'd, i;iL'. ."ii;7, r,-x\. II ;o, i.'ii. i;<7, ii."i, ilii7. II i2, 71' I, ,7111, rM\. •Mid, 'X>S. :m. i;iii. iih;. iMiri, 711. .■(L'.'f. (I.M, 777. !i.'i|, liHI, liW), IIIMI MO a7M |II,S i;,si 077 L'lll ■■u-j I.Sii l!io r_'i; 77."i 7(11 liL'N ij7» ii*»,'-'i)7.'JS7 ii:«i.;f,s!i,;f;tii 7<«,iyi.o7i; SL's,7:iii,i7(i !Mi:i,iii,",,,sii'j l.L' !W 82 — p. o. .s ■"7'a7 i7i;ii Inoi l8(i.S Hi .'t,") L'lMit Ki L'd L'tai II ,si(: L'li .S7 8-7ii, o-'i.S !l'2!ll .|;«i 5'2lli 7 tli 2 11 H (Ml 2 7f) 4 iV.> 27 '.It 2(1 IW 2.'t 80 22 17 22 7;f 2;t78 I'.l ill) 2(1 0- ;iirlo 27 !'l l'^8,-). I88(i. , ' 1.887. 4f (;r> 7(1 7(1 Oil, 72, (IH, (17. (12, 72, m, il4, 87.: 7!»,,' 70,1 77, ( 80,!: CoMPARA-nvK Trade Statement of tJ SJ'"!'^^5^*- -"' ^--„., , BiMio7i-~Contin tied. UNITED STATKS. nsive of Coin ami Year. I*"iii.'stic '''\'|)- SsZ I'll 'j;i 8(1 ■x\ L'l.' ir *'() *'*' 7't ^1 L';t r.s II •_'.! lili 4,M5L' ■ rL'i>.(WL>,<)4(; • <>ii ■'. "•'.■f.Ol.'L'.it'.S •' Si',(l()]) ■ 845.L'!«,,S->,S • 871'. L>r(», •_>«;{ • i,'>i:i,r;ii'.()n ■ '"i;ii,o»(,?s.-, I 8(i!),>.'()4,<);j- ; 7!W,;)02,,-i!)!) I 8l'.'t,L'0O,.|N7 i,it;iL'.(xi7.(io;H l.-'H»,2!ll,ni.S IJ^Mjl,-),7ro .s:>;i.,s;tii,4i,;_. !•', >o(i.,sii<» 7-1-' i.s'i -.V, --:■-'':•''•'•' '■-•"^-'U.wii' i,s •.„ i-'."!tL'.-K»;i fill.-, ii.vi .^, 7 -:,7;; L'-i '■^'••'»''<.."'ni'.ii7!» H'N 1 IL', i-',:);vi.sr,(i ,s,^, l^'.l-'10.5L'7 K,S4,4S0„S1(. l'i. -' !ll' ir. 41 III. i,s 17 7l!- 5 24 - !I-4.S _ !t'2!( l!l 07 17 17 p. 0. Com 4-,S7 2.S SI 8 !)7 2,-. 04 (il'.S 23 ■-,4 ■.'!(; 22 i)0 7 1] L'4 00 OS) 2;Mi7 4 7(1 -'4 2? 10 72 2i; .-io 4 >l!» -'7 02 7 4! I's 40 -'.i(i5 I.I ■ 73 i;2 (K; III 2207 i";i ;i2 ir2'' 24 114 17.-. -'» (10 P.vUATiVK Trad ''''""■"■'°'t«.!;ff. *'-/"=! Canada,,,,.; CANADA, itsi^ifi. of (^ '"ii (Did Yea ; ivvports, Kxport.s ,„,t I limluce of th,. prodiKv Total I '-imarla. , of (.'anada J'^lK^rts, Total IlllpOl't.s i8(ir. . I HON., I«i9... 1870.,. 1871.., 1872... 187.1. 1874., 187;-.. . , l'<70, , , l'<77... 1878. . 18711... ls,>I,7ry l»,,3sii,ioo 8,0711,(141! 7. 4,3.8, 07! t 8, 5 111, ,333 0-', 701, 720 •■'0,25(l,,573 ••,"), ■'.71, 21 2 l'7,48,3,2(J8 78,(i21l,2(i5 8."', 01,3,1)35 '87,;r)(i,o!)3 7'i,847,l42 70,72(1,31(8 7.'), 141,0,^,4 70.154,(178 70,7.8(i,(il)!i 8li,l.31),ro3 07,311),,sis l"l,7(!(!,ll() or, i.",4,204 '8! (,222 -'Oi 87, 2 11, ',381 8.->. 1 04,7,83 •80,510,242 •'8.5(14,41)7 •'•i, 11.7,113 i 70,47.8,810 0,3,3:il),S77 l')8,ii7(i,778 12.5,0(r.„si(; 123,!)!)o,,3(i(i 120,8(!0.11l( 00,1)00,235 07,1.53,873 02,278,0(11 80,.325,;(.38 84,(i07,lHO 104,207.5(15 117.1)1,5,7.57 1 31 1, 1 178, 4 1 II I IIt,18!i,.377 105,1IS7 •>4') 1 3' .87 t 31 ■.38 4.- 71 5l ■14 .'■'7 ,5(1 B5 24 50 ■87 43 22 42 1(3 42 "2 3(1 44 40 .50 4'i 4- 5(1 11 1)1 ■ ..2 45 34 42 -.() 40 -.3 43 '.2 26 Comparative Trade Statement of the United States and Canada, excluske of Coin and Ballioa — Continued. CANADA. i 31 4^ - 5 5 .5 i u \\&r. K\|M]rt.<, liniduc'c cif L'iiiiiuUi. K\ ports Hot till' iiriiiiiife of t'liiuida. Total Exports, Total Iiniiurts. Total Trad.'. = i III -6 "^ ^ '~ c-< iH;r. •■^ 8 * S ,s p. c. p. c. .»! i,s>ss .si,:!si.'.07L' S.MW.H'.M il(MN5,4(l(i 108,71!t.los' 19f!,!l04,(y4 i7-3(; 75 — i-4(; 42-43 ISX!) S<>.'J7L>,4."itl i;,!i;fs,4,M S7,-210,!lll 114.(i4'.t,(iSO l'()!,S(10,-J!M l('r93 — 3 29 1-48 42-59 LS'JO s ■,L'5",ri,s(i !i.iirii,7,-ii '.)4,;io:»,:iii7 l:iii,77r),-j;i(i ■-'l."i,lW4,5!)7 17 78 S 14 ()-55 44-87 IS'J] ss,(;7i,7Hs s,7!is,(;;{i 97.470,.'i(i!l ii.s,iri(i,4(i.S; L'15,i;L'i;,Ki7 IS •'!! 3 35 0-24 44 49 IS! 12 iiii,(i,SL',-i(ii; i:f,iL'i.7!n \\2,\hA,ib; i2ri,5H7,r)3H l.'37,711,79:. 20 21 15-(ili 1(1-2(1 48 -52 ISll.S lii5.4S;-!,7!i,s s,!Hi..sci; ii4,4.S(i,(;ri4 lL'2.r)40,0().S' •->3li.!i7(),7l'2 21 29 2 ()■' — 0-32 47-83 ISill l(i:i.s5i,7(i( li,s;i:!.,s(i5 n.").(is:,,ri(;() iiit,irii,s(i,s! 23.-), 137,437 20 73 1 (J9 — 77 4(>-94 IS!!;") 101',SJS,I41 ti.4s:i,(l43 1(19.313, IS4 Uill,'Ji."),(i(i2 215,.-)lS,ri4i; 20 29 — 5-50 — 8-34 42-53 1,S!)(; lii!i,707.,s().") (i,(i(M;,7;is 110,314.543 iii',7sri,iw» 229.(199,732 21-411 ()-40 (i-30 44 -(i9 i.sd? ii';!.ii;t>.:Mo i(i,sL':i.iti.s 134,4.")7,703 114..-i4l',41.-) 249,(i(M»,ll.s 23 -.^3 15-59 8-(i() 48 ()1 ISilS lli,jlS,U(i2| 14,!)S0,H^3, 15y,5:j;),545 i3:>,!)3i;,2U!) 2»r.,4(ll,7r)4 27 54 18 -()4 S-(i5 50-29 WEST INDIA TRADE. The MINISTER OF FINANCE. My hou. friend must see that the presentation of these iute'-esting statements must be a matter of exceeding difliculty. In the Budget of a year ago we extended the benefit of the pre- ferential larilf to the British West Indies (including British Guiana). This step on the part of Canada was received with great satisfaction by the press and people of the West Indies. Some imiirovemeut in our trade with these islands has already been accomplished, and we have ground for hop- ing for further extension, although there are certain conditions respecting the United States tariff wliich tend to checlv the growth of trade wilh Canada. Our West India trade lias not l)eeu in a healthy condition for sev- eral years. Our imports from the British West Indies had been steadily declining. In tlie year ending SOtli June, 1898. l)efore the preferential tariff came Into operation as respects the West Indies, our imports from these Islands were a little more than half what they were in 1807. Our exports to the British West Indies also sliowed a steady falling off. The situation was such that but for the prefer- ential tnriHf our trade with those islands would liave been almost destroyed. While the trade Is still far from what it should be. I am hopeful that when we bave the sta- tistics of the present year, which will in- clude 11 months of the preferential tariff, we shall be able to show a very decided Improvement as compared with the year be- fore the preferential tariff began. Our imports of sugar from tho British West Indies (Including British Guiana) for the six \ months ending 31st December, 1898, were : 1 Lbs. Value. I Six months, 1S98 9,049,020 $161,901 Six montlis, 1897 6,245,924 124,804 Increase 2,803,096 $37,097 There is a feature of the United States taritf which tends to encourage trade be- tween tlie West Indies and that country, and whlcli to some extent, balances the pre- ference we have extended to the West In- dies. I know that when we extended a pre- ference rate to the West Indies there was a disposition in some quarters to criticise us for givini,' a preference when we were get- ting nothing in return. But I am afraid that tlie advantage U our West India frlend.s which we iutcflded vhem to have, is not as great as some persons imagined. We give a preference of 25 per cent on sugar coming from the West Indies, and the United State.s, though they have not a preference In the same form, actually give a preference on tano sugar over beet sugar, which Is more than 25 It may sibly m( counterv i:ary tar the Unit have a pi fny sug, bounty-fc ray, in ai an additl the b^unt of the coi ported. > tlnent arc subject to in the mi the d Iff ere sugar whi and the I from the < I said a ir and indeed more. Tha In the Unit are strong American r he can ent( 'han beet s large amoui. even under a question i some debate If we desire India trade, some other present, I tt .vear show £ West India ( not loolt for United States «'hich I have In this con: called to a f indeed. It wll has been dra^ and iu the He rangements re tPd States ar Canadian shlj fage. A consl( ping of our ma some from th. 'he products o then lo°ded v "iigar bade to ^i ; ll f s ii: V2 i-J -IS 42 ;")<> ,i;j ■u sr ■24 44 4i» 211 48 ■ ■,2 ;« 47 -.s;? 1 1 4(;iJ4 ■« 42- 53 30 44 fill ;i; IS' 01 iu 5(i-2i» tne country from which thp s were in- creased. In neai .v every one of these, however, It will b} found that when you apply the preferential rate, you have these duties lower now than they were under the (lid tariff. As the effort has bean made to lead the public to believe tliat our reduction of tariff burdens was confined entirely to the preferential r;ite, I thinlc it Is important that t!;e error of tliis view should be clearly pointed out. The preferential tariff was a most Important aud valuable feature of our tariff reform. But apart altogether from that, there was a large degree of relief from burdens in the form of reductions made in tlie general tariff, sud of goods which were forni'iriy dutiable and were transferred to the free list. I have here a state.-nent showing articles now in the free list of the tariff which wei-e dutinb'e under the old tariff, and showing also the rates of duty imposed under the old tariff. These list.e have been made by the otficials of the Customs Dep.irtment and they are guaranteed to be correct. L hope my hon. friend will consent to my putting tliem in without reading. Mr. FOSTER. Well, I cannot do that, not because I do not want to be quite gener- ous, but we have to reply to that statement, and we cannot reply to a thing which is not read. Tlie MINISTEH OF FINANCE. I will give it to my hon. friend wltli permission to put it in the " Hansard " afterwards. Mr. FOSTER. My hoa. friend will have to read this too. The MINISTER OP FINANCE. I do not object, but these statements are rather long and tedious. St.vtkmknt slHiwiiij,' ai'tic'li'S now uii the fret' list of the tariff wliitli wrre diitialilc under tin- tariff ni foiTv wluii tlje Lilu'ial (lovcnunt'iit canip into l)owpr, with the rates of duty then inipo.sed. Aitit es tiansfeiTeil to free lifeKn';is, oleostearine. iTIiis was formerly free for the niannfac- t\M'e of ieatlier only) lio p. c. ml valorem. Florist stock, as follows;— j Corms, tnliors, rhizomes, aru-i caria spiriea '20 j). c. " IndiiMi corn . 'i cts. per hush. S d beans from Britain, ir> i't», lia|ie seed — sowinjf 10 p. c. ud valorem. Mushroom spawn L'O p. c. i. .\rtiliciai limbs 20 p. c. „ 29 Mr. FOSTER. lion ? Is thnt a heavy Importa- Articles tnmsfrrr,.,! t,, flV,. list. The MIMSTER OV FLV.VNCE. Xo, many Of these ilen,.. are not heavy, but they were egardea ,.s very important to be put on the fiee list nevertheless. Of course. I could have selected only the heavy items but r have taken then, all fairly. 4 and ,it«e. Ki'iiriiT Ilatisiif Idity. HioiiKlitirontiil.in- l.iitt or lai,- -He,! tl„-,..a,|,.,l ..r,.„„,,l,Hl',. "■t •i„tl,..stl,anLM, i„c.|;,.s,lia. ""•'■'■•. "_li.'i, niipoi't,.,! for u«. '•x'liHiv,-Iy ininiMi.itr.siiuItiiiir, "■■I'K-'i'ii-'nircMniiitr.... ^ j- , !•' I'- '• ad MllolClll. 1 liitiiiiuii, ill !«,,■,, strip. or pliui's 20 p. c. Articles trniisferrt'd tn fi'ff list. FoniiPr Rates of Diitv As,,haltm,| or asphalt, n-tin,..I. •)0 i, ,■ nrl >..I Biiidt-r twine T,,,' ' • ■^-' ^"'ureiii. • -•^'■t'':'''-*f"i''ii:i'Hifaonireof I'liiKler "" '"' twine .... \'- • ^ arviiif; aocordinf; Religions tra.'ts. to material Jiooks for the use of liliraries of ''■''■•"' ^■"''^'•'■'"• schook or for thelil,rarv i,f anv inc'orporated, niedioal. iiterarv scientific or art as.socintioii or ]!.K.k!^.nth;.appii<;ationof Science" ^^'' '"''' "'' tOMidii.stri.-sofallkimis. i„pi|„|. iiiL' Looks on uKrieiiltiire, h<.rti- ciiltiire. forestry, Hsh and tisli- iiig. nnniiitr. iiieiallurffv. arehi- tectiire, electric and other en- 'r" •■iiif- ciirpeiitrv. shipl,„ilr|. iiiK. ineehanisni, dveinp. lileaeli- iiit-'.tanniiif;, weaving' and other nieehaiiic art.s. and similar mdiistrial hooks. c o.c Canvas or fabric, not fruVioni^ed •• ^^^- "'^'- >''• ''.'I- the niamifaetiire of hicycle tnvs, imported i,v maniifac- t'lrers ,,( l.h.yeles tor „,se e.\chisive y ,n the manufacture "f liieycle tires i„ their p. c. 30 p. c. 30 p. c. b,;,, V-J"'*^''"'^v""' "''""'■'•. I nt not thinner than \o ;ji) f,„. the manufactiue of l„.,| f„.,,t., ;'-id furniture castors, when in ported by the m;uiufaet,irers of >ncl, articles for us,- exelusivelv "1 the manufacture tln-reof i„ nifrir own factories. . Steel for tl,,. manufacture'of bi'. cvcl,. chiiiii, when ini|K,rted hv t ic luanufactnrers of bicvcle chaint,.rus,.i„tliem.iuiifactur tli,.r,.o|,nt|„.,r oui, f,„.t„ries. Steel , or the maiiuf.acture of axes iatcli.-ts,.s,,yt|„.s. reaping l„„',ks;, "•V-s- Imnd rak,.s, hay .n^ straw^ Knives, wnulmills.andagrieul- iialor harv,.stingfork.s, wla-n .up„rte,l by the manufactmvrs, ot such articles for use ,..,,.]„.! sively in th.-mainifacture there-: "tin their own factories om , . ■Steel spring.s for the manufacture ■■"'"'■'■ ^""• ported by th,. manufactur,.rs of trus.sesf,,ruseexclu.sivelvinthe "i.imifactiire thereof in their own fact<,ri,-s Flat spring steel, steel billHsiu,,) steel axle bat.s. when imported '■y nianiifactiirers of carriage: springs ami carriage axles fori U»eexchisiv,.|yintlie manufac-i ture of springs .■,i„| „xl,,s f,,r' : ™r™S<'« or chicles oth.-r than raiiwiy or tramway, in their lat spring and sti.,.l ^ •SIO, p,.rtoii : hill lets. .Vo p,.,. t,jp ••*10 p,.r ton. ■LI Cts 111. per sq. 1 Ct.s. per lb. 2."> p.c. ad \al, 20 p.c. and 25 p.c. according to pur- IH'se u.sed, Z--) p.c. ad valorem. ireni. n- f fc. 20 30 Articles traiisfiTred tn free lisrt. Former RateH of Duty. Kublicr. jBiucLivil 20 ]).c. ail valiin-in. .S'.irptical anil dental instrunients anil !<\iif,'ic.il lu-i'dles 15 Uciiiks— donatiiius of, for charit- able |inr|KiM's (1 ct.s. pel' llj. .Spi'eiinfiiK, niiiiii'ls ami wall (lii\- ^tian;s. fur ilhi-tratinn» of natural history, for >inivcrsitif!< anil piiMii-' niuM'nnis Dutialilc accordinjf ^Vstraclian or Kti.ssian liair skins to material. and China j,'oat plati' or rufrs, wholly or partially drcssid Imt not dyrd lo )i.c. This is a ]ar;?e list of items, some of which go directly iuto geueral consumption, such articles as corn, barbed wire, binder twine, &c„ but many of these articles are the raw material used by the manu- facturer, and the cheaper raw material which is furnished to the manufacturers has been the secret, to a very large degree, of the manufacturing prosperity whlcli Canada is now enjoying. Mr. McNeill. Does this statement say that these goods are now free ? The MINISTER OP FINANCE. These are now free amd I gave the duty that they for- merly bore, Mr, FOSTER, Is it not a fact that a large number of these articles could, by Order in Council, be admitted free for the use of manufacturers ? The MINISTER OF FINANCE. That may be so : I have received the statement from the Customs Department. I will liave that matter looked into, and, if it is so, I I will have that correction made. The hon. Minister of Customs says that some were subject to Order in Couucil, and to that ex- tent this list should be uiodifled, and I will see that it is done,* Besides this transfer of goods from the dutiable to the free list, that were, as I have said, important reductions in the gene- ral tai-lff. I shall now submit a statement giving a list of the dutiable goods upon which the duty under the present general tariff is lower than It was under the old tariff and giving also the respective rates under the two tariffs. It is to be noted carefully that ihe rate of duty on all such articles is reduced still further by one- fourth under the preferential tariff. I hope the lion, gentleman (Mr. Foster) will consent that I should put these Items in. I will send the statement across to him and he can liave the privilege of taking it home and studying it. Some hoc. MEMBERS. Read. read. The MINISTER OF FINANCE. In the statement which I am now about to read, it should be noted that if any of these arti- cles come in from Great Britain the present rate of duty Is further decreased to the ex- tent of the preferential tariff. These rates of duty which I shall read have no refer- ence to the preferential tariff at all, but the statement is entirely a comparison of the present general tariff with the old tariff, and, as I have said, the present general rate of duty is to be further reduced to the ex- tent of the British preferential rate on goods coming from that country. Statkmknt giving a List of Dutiable (joods upon which the Duty under tlie present General Tariff is lower than it was under the Old Tariff, and giving also the respective Rates under the two Tariffs, The rate given as ''present rate " is subject to 2b per cent reduction under the preferential tariff. Old Rate, Belts, snrKical, "iid trusses, electric belts, pessarie.s and! sns|)ensory uamlajjes of all kinds \25 per cent Books, printed ; periodicals, and panil)hletH, u.e.s jCc. per II)., equivalent to l^{\, ]). e, a 1 val, computed on basis of 18111) imports Fosters, advertising bills and folders 'l.^c. per Uj. and 2.j percent ! Present Rate. 20 iK'r cent. 10 per cent, l.'jc, jjer lb. •Note.— Subsequent Inquiry showed that the statement supplied by the Customs Department and used by Mr. Fielding was correct. 31 ' Ol-iliat,. Pre^.nt Rate. tickets, wh.tW li o^ 'S'"'"^ '"■'*.''^'";' -"• "«'"''•■ I'nntcl, „.e.«. . "'''°K"M'l»'il or pnnt.,! ,„■ partly' ^^; I"'"- '•'■ •■""'1 -'5 iM.r cont, ..qui- IiKiian ..r orii imh] , 1 ''C. prr iinslu'l •'•; I"''' '^'"t- \\ liciit Hiiiir -lOo. per Mil. . , ' .'r'-'- I'*''' 'msiicl CiiiU', riTil, or rattan .i.crib.a„,i 10 per c;.;;;;';:;;;;-:''' "•■'■^->^- "'■^;.S!;^JnS-^"- -^ ^-^ '^- corset .res. "" ^'^^'^^^^^^n^^^'^^. pc cent. Cotton- ■"■;'w}'t, ''r f" '""■ '""'• '•''"'- SStS":*---^ L'H;/--'-^^^^^^^ .. si..rt.„fo„„„„, =.«.«:;»,,:,ij„,8:,,-j— ::::;;■ S..,.,i;„ ..„;,..■'■■■■■■-'-'' " ' I V • ■""' -•' PPr cent, emii. , valent to ;)- pe,! cent acl v . « , , I coinpntfd on b.asiKof 18!Wi im-' Socks and stockings ( ports .... "" ; Cuffs of cotton, linen, .yl.mit;.; xy^iit^'oi: celluioki ]c%j;';;.u;:'; 'f ■^^ ''»'' ''' ■'•'-'■nf ii5 il '^"r-"'-- '^ -^>tio";^;'j;^,!";!i,;:;"^;;;i:;;- : -^n'^,l;'S;^lcl:Xr'7'••^rr "^ "•■'"-■- '-' '""' °" '*" '■"'""" •'•■'•■ '' - Solutions ;,f peroxides of l,v()rns;.ii: I ^c. per lb ;;;;; :;:' harthen .and Clunaware— i"" percent... :;. Deiiiijolins, cluirus or crocks ' "'' '•■'"• P'.'i' sail, holding capacity' ■c, ■ ,. , f'l""^"'<'Utto;W perceutad vil Electric hglit carbons and carl„,n points JT"'^ "" l*^'"' ""l"-'^- . . . •!.) ' •■-;;" .1"*'; l.'»00, length 12 inches, " Electric light carlions over six inches in cir f '"' '^^^'^'^l^rts '"" "'"'' '"'''''' ,- Insulators of , all kinds '^"'^- '" circumference. . L'.T per cent •''^ Oimpowder and other Ex|,losive's- ^ " ■■■■'. .',- l-iant powd,;r, nitre and other explosives , „ '"' JNltro-plycerine . . i ' .sne.s j^. j^^.^ j,^ tJun or pist,,! co,-er; or'ca.ses', game boss i\\ 1"''' ""' .'.'■.■■'.■:;■.' t '"''' "'• Loading tools . . . 8'im. u,i.g8 3-.>A iht cent. :]'- " '■K,KlK:l/SitSK;;«.«..».r: ^- ■ ^ :::::::::::'::::£'"'r'- iSelting I i-^'" ;j() ^^ Agricultural IiiiplMn.'.ntsL ■'«* „ .".■ .f-} ^arni, road or Held rollers „ ''^ !■ orks, pronged .3.") ,, _^^ Hay tedders 35 „ T,'' " Hoes ' 33 II -'.' II Knives, hay or straw •'•"' " ..... ' ' o- Knives, edging _' ' ' ; .3.} „ ;';; ^■> Manure spreaders.. .. •^'^ " (.T- i2o I, ••■• J;j ,, !20 32 OM Hat.' ' Present Rate. AKricultmal IiM|ilcinfiits— C'om'/(((/t(/. j Vost hole ili(,'Ki'i-s \3ii per cent Piitatixlijr^terH 135 n Kake». n.e.s ^5 ., ScvthiM and snaths, sickli.s or reaping hcpokn i3."> n Spailes and shovels and spade and shovel lilanks and injni or steel tut to shape for same jOo. per doz. and 2ri p.c, eeiuiva- lent to 38 p.c. based on 1891) ' iraiKirts All other agricnltiiral inipleni'^nts, n.e.s 35 |itr cent Cart or watjon skeins or boxes 32A n 15ar iiiin or steel, rolled, wli "ther in coiN, bundles, rods or liars, eouiprisiuf.' rounds, ovals, s(|uares and fiats, and voIIimI shapes, n.o.p -SIO per ton liutts anil hinges, n.e.s 32.^ imt cent Cast iron pipe of every de»cripti"n > p. ton, but nut less t'lanSr) ]).c. Cast scrap iron S-i per ton per cent. 25 30 • -0 4 oinices to 'I 35 Chain, malleable sprocket or link Ix'Itinp for binders. . . 27' per cent. . . . ( ^ ounce to Tacks, shoe, eiiuivalent to 52 p.c based on IMIIII imports. • [(11)0, one cent per thou [ sand. ) Steam en^dnes and iMulers 27 \ per cent 25 Fittings, iron or steel for iron or steel pipe ;^") .. ;30 ForL'int;s of iron 2, Iron in pigs, (charcoal) '.s!4 n . S2. Iroif in kentledve .•«4 .. ;.*2, L , 25 Kailu ay tish plates and tie iilates .¥10 per ton !S8 Rolled iron or steel angles, tees, l.ieams, chaimels, joists, I girders, zees, st;urs or rolled shapes, or trough, bridge, I building or structui'al nOled scefiiins o per ton. tt M 50 per ton. l>er cent. per ton. . . . 30 .. '25 . . \2:> . . . !25 per ton. 50 per ton. 50 ,50 |)er cent. 25 25 per cent. 25 25 25 „ 25 25 25 25 .;25 .Ac. l)er lb. pmict ii'al roiieii Kcetions or shapes, not drilled or further manufactured than rolled. and Hat eye bar blanks, not|iimched or drilled. jl2A ;H'r cent. Rolled iron or steel hoop, band, scroll or strip, ei Klitl inches or less in width. No. 18 gauge and thicker, n.e.s. i-^lO per ton. ,10 ''V per cent. 1>KV ton. [)er cent. per ton. 33 <'M li.ue. , I'rfs,.Mt Uatu. Mflcllili.s ,111(1 .\[at||i,„.rv ,' , , D„i, ,. • -I '•' I'lr ii'iit, but iiMt I. .^s tli.iii iiKi »•••.•' .. .. . ■ '''"''''•^■'' or roll,.,! i„ gnx.ves, Rolli'd ir,,i, ,„. ' ,,.,.i' . 1' ■. ; ■. >^''" "■"» '"■ >t,.,.I |,i,,„ j ■ ■ •'^10 |i,'r ton i»iiM..,I....i. i. » . • ,10 \tvv cent.. Htov,..s of all ki,„|.s ail,! parts t i3inf (ilatfs an, sa, m- siin,,.,!,:,,™ i,.,,: , •", -<-^ piTfeti ^_-'.uKat..,, t^,i:,::t,''La;.::'^,r^;:;'; '-""''"^ •" -1 : i!;u'rt^o;,;''!:tr':'':'''''^^'''-f'''-i"^"fi-";-^ l"r ton, ,.,,,iival,.nt to .',4 i„.r' •^int ail val. ' nt \V;r,.„fallkin,ls, n.o.i. tw^'nt;;'.*:'''^^'^''^'''^'""'-—. i-t..- ,. other ■k- per lb,.. I^'"* [XT cent. ■on ,)r sti','! scrai, w,.,,'i,',ri', "\"- '2'\ --te,-!, plat,.s,„- slUtVl 1 m':1 ' ^-f't'I'i'iKs of iron or ;--i> of til, piat,.t.:;'b ,^ ^,':;;:^ ^'iijif' ji;^ "- = -op ''•'^ niK b,',Mi i„ actual u,s,.. ' "'' "'"'"■ 'wt|. Axes 3.-. Saws f^'iles ami rasps, n,e.s. . . . . I*-, th,. san,,.:. .■,■•;";'■ "•'■■'■' ""^^ ""'"•ioe«orcop,H^rslK.li;for! Stereotypes, -lectrotvpe.s and' celluioids if '^^^ I""'' «1 '"• • All parts of organs, ,.x cept reeds ' ' 25 ,.er cent. . . . Pianofortes. . 30 ,, Oils - • ■ ■ . - .... etroleuni. n.e..M 60. l>er gall y per cent. JO 10 ;w 1.-. ir, -lo ^\ per ;,in. 30 pi-r cnt. ,10 TaniH.rs scrap l,.atli,.r... i " ^ iype-niaking : ' ' .130 w 30 30 lie. per sq. in. ■■■io. „ ....Uc. „ . . .20 per cent. 25 .....30 ;'■*■' fi f!c. .^- Pt^r gall. 34 OM Itatf. I'llWIlt Kiltc Oils rnni-h. wln'ii iniiMirtcil liv iii.iiuifactmvrs (otiiirtli.'iii oil retiii.Msl for usi' in tlii-ir own I'actorifs lOM's or for th.' niiiimfa'turfot (.M^- .1c. i»rKMll i30 per ci'lit , 2k'. i>rr n;ili. 20 |»'r ciiit. tor liii-l j'liri ()li\i' oil. |irfli;iri'(l for salad puilHisfs I,>il>ri(atiiiK'oils, conipo^fd wholly or in part of pi'trolemi) ' '■'Wlmi;!! oi' wain ';[;.m"^ !K„uivalent ad val. rat. l.ased on HanjfinKoi wallp.ipu , jsiHl nnports. ;'• I"*'" '""' •^•' I"' '™'- ^ Hlatc - K(H)tin(f late .... 30 per cent, lint not more than 7.V-. ]H'r sipiare for hlack or hlne, or more than !»0c. per H(|uare for other colours 25l>ercent, not o\ er 7">c «(\. 30 per cent j'-'"' I'cr cent. .% 30 2'^4l'- '-''"tt hh percent. 30 .. t ' 20 130 m 2(» 20 i^c. IHT lb. i30l 25 School wilting' slates Soa]) I'earline and other soap powders Stockinettes for the manufacture of ruliberbjstone, dres.sed (lluco-eor Kiaije sufjar, glucose syrup and corn synip, or nnv Hvrups containing any admixture thereof IJc. \w lb. , WatMicases ,l5percont ,*) i»-i cent Hakes, hay, of wood •*• Willow or osier , i i Window shades in the piece, or cut and hemmed, or . , . . i „„ n.,... Hn mounted cm rollers . . -^^ I"'-' cent, but not ess thui 5c per .sq. yd., equivalent to 41 per cent computed on basis of 18!H) Wool and numufactures of - ■ c i i .Socks and stockin^fs eif wool, worsted, the hair of the al- paca ({oat, ' tc ■ ■S'arns costing 30c. lier 11). and over, inilxjrted on the cop, tul»\ or ill th" hank, by manufacturers of wiK)llen. ({oods for use in their products .■•;■ i.«) per cent Worsted tops made from lustre, wik)1s and other I'Ke, i combiuK wools such a- are grown in Canada ;20 .. ■ ■ ,: ■ ••• ,^„ i ,,,,,,!'.,:''* ^ ,00. per lb. and 2.) percent, ecptva-; ' '"" \ lent to H'.l per cent ad val. coni-| CariH-ts, two-plv and three-ply, treble ingrain, com|K)8ed puted on 18% imports ...i;*5 whollv of wocJ \^- !*'■ *"1- >■''• ""^ ^" '*'■ '"^"'m wnoiiyotwo.H j gfn,|,.;^ie„tto 3(i iier cent com- Cnriwts, twoplv and threeply, ingrain, .if which the; imted on IHlHi imports 35 warp is coiujiosHd wholly of cotton or other material than Wool, worsted, etc imports i35 lOc. Jier doi!. prs. and 35 jier cent. 35 . 20 3c. per 8(1. yd. and 25 per cent, equivalent to 37 |ter cent com- puted on 189() imiJorts 35 I submit, Mr. Speaker, that If even no fur- ther reductions had been made than those shown lu the above statement, there would still be a larg» and substantial measure of^ tariff reform. But when we take into con-j sldoratlon the preferential tariff, whereby the duties of the general tariff are further re- duced to the extent of one-fourth, we begin to nee how large and Important the tariff re- ductions have been. I have pointed out the extent of the tariff reductions as applied to a large list of articles. 1 purpose now to Invite the atteu- tlon of the Ho«se to a further evidence of 35 tarlflf reform ; but before doing so. I think I elmll nsk you td call It six o'clock. It l.eiuff Six o'clock, the Speaker left the Chair, Atter llecLSs. The MIMSTEU OF FINAXCI? (Mr. Field- ing). Just before you left the Chnlr at six o'clock, Mr. Speaker. I had read to the House a very long, and. possibly, a very tiresome, list of the Items lu our present general tariff the duties on -vvhlcli are materially lower than the duties in the old tariff of 1890. And I had observed, Sir. in commenting on that list, that If there had been no other tariff reform than that which was contained In the list of items I submitted to the House wo would have been far from continuing; the old Natlomil Policy, and w,iuld have! given a large mea.sure of tariff re- form. But when In addition to that we con- sider that on every oue of the.se ltem.s which can be purchased from the mother country, there Is a further reduction of one- quarter of the duties, then I think we shall satisfy the House and the country that In- stead of having the National Policy still In force, as my hon. friends opposite have been contending, we have given the country a very large and substantial measure of tariff i reform, which may be regarded as a fain and full compliance with the pledges in the ' IMieml platform of the convention of 1893. ' But I propose now to take another view of the extent of this tariff reform. l have pointed out the reductions on a large number of items ; let me now invite the House to the qiu'stlon of the amount In the gross or the lump sum which these reductions represent In the taxation of the people during the past .voar. We want to ascertain what the tariff taxation would have been on the trade of 18!)8, If Instead of having the present tariff we had continued in force the tariff of 1890 Now, there are two ways In which we mav a.scertaln this fact. If we ascertain the avw'age rate of duties imposed under the ariff of 1896 and apply that to the Importa- tions of 1898, and then compare the results With the actual payments of duty under the arlff of 1898, we shall approximately reach tlie sum which represents the saving to the neonle. But there is a more exact way of malclug the calculation, and that is the wav Which I propose to take. That exact way Is to rake the tariff „f 189(J, item by item, and ai)ply It to the Importations of 1898, and see ju.st what the taxation would be if the tariff of 1890 were appli(>d lu that way. I i.avt. here a statement of the tariff of 1890, applkvi to the Importation of 1898. The duty ou the linporls of 1898, applying to these tlie Is.rlff of 1890, would have been $24,752,827 08 The duty collected under the tariff of 1898 •■'mounted to .$22.1.57,7,88.49. and deducting tlie refunds under the preferential tariff es timated at .?120.00<). that makes the net duties collected under our tariff in 1898, $22,037 - .S8.40 Deducting this amount from the Juty that would have been levied by impos- ing the rates of 1890 on the Imports of 1898 we tind that the reduction by ,be tariff of 1S9S amounted to $2,715,038.59. Such Is the result of a comparison between the sum col- ^^c od on the imports of 1898 and the sum ^hlch would h.ave been collected If the old tariff rates had applied But there is one item which may, perhaps. De the subject of special consideration and may go to qualify that statement. I allude in 1898, 19, << 1,314 bushels of Indian corn vvnclt being free, was ei>tered for home con^ sumption notwithstanding the fact that a exnor^^'n?' ''°'"°° ^'"' '■'^'^"y '°^«°ded for export and wag afterwards exported. It may l>e said that if the old tariff of seven and a balf cents per bushel on corn for home eon- sutnptlon had been In force-corn, of course, being free when passing through In transit- that corn would not have been entered for Jo ne consumption, and. therefore, we ought prese^nt "rM" 'V° If' '""^ consumption at rone of tH ^"^^^'•^e °n 'J^at point that Lt 1 '"'""' ''' ""'• '^''« ''^^ been co?n 7Z h'^' °°' °^'^ encouraged the use of CO n for home consumption, but besides have attracted Into the country a large quantity oJ corn for export, we have thereby given em P oyment to our railways, elevators stJm- d 'with 't^" '''' "°*"'"^° ^^'^^ are assS. ed with those various Industries ; and In that respect, we have something to credH the tariff with which Is by no means unim Portant. But for the purposes of atgumenT I propose to give our opponents the bwieflt Of their contention respecting the Item o corn, and to apply the tariff nf i«q« !" °, the total imports of corn In ISgs.' 'but^onlv J> that part which remained in the count"; That Is to say, from the t.tal Imports I d'e- V\\ 36 duct the qunntlty, not the produce of Can- ada, which was exported, aud I find the fol- lowing result : Total duties collected in 1S9S $22,157,788 49 Less — ['JstiiiK'itoii refunds under the preferential tariff 120,000 00 Net $22,037,788 ^9 Tlie duty that would have been collected un- der the 180G tariff on all goods, allowing a duty of 7* cents per bushel on 5,440.764 bushels of Indian corn— being the difference between 19,771,314 bushels set forth in the Trade and Navigation Keturns for 1898, as imported free for home consumption, anil 14,33(),tw0 shown as the exports of Indian corn not the produce of Canada— I find would have amounted to .'i!i:3.(i7S,(>;!,").S.'!. Or. giving our opponents the benefit of all reasonable eontenlion with regard to this particular item of corn, we still And that the duties levied by our tariff in 1898 were $1,040,247.34 less than they would have been if the old tariff had been applied to the Imports of last year. The foregoing calculations are based on the trade of the year ending 30th June. 1898. but I have had a statement pre- pjired Mr. FOSTER. Before my hon. friend le;i .-liS that portii.i of his argument, will he give the House some idea as to the method by which he has arrived at his conclusions. It Is all very well to state that such Is the case, but how does he arrive at It. The MINISTER OP FIN.VN'(!E. }^y in- stmcting a very competent offlcer, who, I am sure, has acted very imi.>;u'tially, to apply th<- tariff of 189(), item by Itsvn, to the Im- portations of 1898. as sliow'i lu i'\o Trade and Navigatioo Returus, Mr. FOSTER. Has my hon. friend the statement worked out ? The MINISTER OF FINANCE. Only the i results. I have not it by me, but I think I could obtain it for my hon. friend subse- quently. At all events I gave Instructions that tho inquiries should be made. I do not know that I could give more than the results, but I will speak about It later with my hon. friend. Mr. FOSTER. It would be satisfactory | to have it. j The MINISTER OF FINANCE. The Min- ister of Trade and Commerce (Sir Richard Cartwrigbt) thought you said the results were satisfactory. Mr. FOSTEK. Oh, he thinks queerly these days. The MINISTER OF FINANCE. I have now a statement for the nine months ending the 31st March, 1898, in comparison with figures of a similar period for 189U : Comparative statement showing the value of gooiis entered for consumption for the nine months ending 31st March of the nscal years 18;i8-!)i) and 1895-96, and showing also the re- ductions of duty under ths present tariffs ; Nine months, 1398-99. Value of dutiable goods entered for ounsumptioa $64,772,597 Value of freo goods entered for con- sumptiou 48,017,409 Total $112,790,006 Nine months, 1895-96. Value of dutiable goods entered tor consumption $50,972,796 Value of free goods entered for con- sumption 33,179,468 Total $84,152,264 Deducting coin and bullion, the value of goods entered tor con- sumption for the nine months of 1898-90 was $108,712,313 The total duty paid was 18,751,708 Less — Refunds on account of preferential tariff (esti- mated 40,000 $18,711,708 Average rate of duty on goods, dutiable aud free, exclusive of coin and biilllon — 17-21 per cent. Deducting coin and bullion, the value of goods entered for con- sumption for the nine months of 1895-96 was $79,888,306 The duty collected was 15,463,213 Average rate of duty on goods, dutiable and free, exclusive of coin and bullion — 19-35 per cent Per cent. Rate, 1895-96 19-35 Rate, 1898-99 1721 Reduction 2-14 This reduction Is equivalent to 11 percent of the old rate, or, In other words, one-nlntli of the whole dut.v. Applying the rate of nine months of ISlt.V 00 to the Importations of nine months of 1898-90, wo have the following result : — Duty that would have been col- lected under 1896 rates $21,035 832 .IB Duty actually collected 18,711,708 05 Reduction $2,324,124 51 Calculating on thin basis, the re- duction In duty for the whole year win be over $8,000,000 00 Summing will be clea tion in the called Natio year, when partly in op even when our preferen tion, this red iug in the ni year to mon lions. And. i said, for the total reductic ;uree milliom duties wotild rolicy. I tl ask the Hous that we h.-ive measure of may say that liavo quoted that the Nat force aud opei SPECIB'IC 1 There has 1 House, from t from specific ti duties are ad:. especially In t bee.'iuse ad va tcmiifatloti to i lu some case.s. factured goods, duties— that is, parlly ad valoi to become exce tile old Xaficnal specific and ad ' specific aloiii>, i Viiiorem cqnival IHT c.Mit, and, a ivmlnds uie, in ^VIl('lher wisely I'oiiit of gre;it spi'clflc dulies. ', out; but there <3iity was either s Pni'lly ad valon ti'nnsf(>rr<>(l to tl >Ir. I-OSTEU. The MINISTEl uninber. I have 'lii'iu all. But gl 37 Sunimin!? "P these .statements, I thluk it will be clear to the House, that the retlu.- tion in the tariff, as compared M-ith the so- called National Policy, during the last fiscal year, when our i)r..ferontial tarill' was only partly m operation, amounted to $1,(J40 000 even when allowing for the corn. When our preferential tariff cime fully into opera- tion, this reduction hecan.e greater, amount- THE PREFERE.VTIAL TARIFF, r Wish to say something now with re-ard j to the operation of the preferential tariff I have observed that the opponents of the Government have of late adopted a new Hue of attaclc with regard to the preferen- tial tariff. The signal success which fol- lowed the adoption of that measure its i,,„ :,, h/" *'^-'^"'''' •''i^'"unt- I "••■-• -- .-.uupuon Of that measure, its m. in the nine n.oiths of the pre.sent fiscal i 'f '-^'^ "1^"" I"""*^ opinion, both at home and je.at to more than two and a quarter mil- I ''^^"■""•l' ^o uot appear to have been entir.dv ions. And, f we m..,i.-u «„ i,..,,., . i irralifvin.^ f,. i „ ^■jiii,.i.> lions. And, if we make our calculation, as I sa d tor the whole year, we will find that total reduction on imports for 1899 is about varee millions, as compared, with what the du es would have been under the National ask the House and the country to believe, : that we have made a large and substantial I measure of tariff reform ; and I think I < may say that the facts and ligures which I have quoted will silence forever the story that the National Policy remains in full force and operation. SPECIFIC vs. AD VALOREM DUTIES, There has been some discrssion In the House, from time to time, over the chan-e from specific to ad valorem .luties. Specific duties are ad.uttedly wis., m ,„any cases especially in the matter of food products' because ad valore-u duties might V-au^ a | te.niuathm to i,.,port r.dulteraled food. But , tu some ca.ses. where .vou have, upon m-inn '"^'^'''''^ ''^ "'i'^ ^'i^n'ml Governmem fnctured goods, specific duties or connio mi ! ''"'"^ . 'li't.es-that i,s. .luiies partly .specific and ' '"'"f ^'-"^ "''«"" = '"Hi I am .lustitie.l in <,M.t- Partly ad valorem-fhose duties are likelv ! ,';'' '''""' '" "« '^ '^ ^^'e'''-' the utterances of to become excessive ';' ilyng to ),on. gentlemen opposite. Hitherto their chief complaint lias been h.at wo had granted this preferential tariir o Great Britain without receiving auvtliing lu return. ' *" Mr, FOSTER. Hear, hear. The MIXlSTElt OF FINANCE. The hon. ffentlemau evidently wishes to emphasize iiiai as a policy wldch they have talked ;al)out in the past. However, according to ' their latest view, there is a diftVivnt argn- j iiienr. They now tell us that this prefer- |enoe. which formerly they complained of I >»'i- .irr.uiting freely, ami which they said we ought not to have given without receiv- lu.tf something in return, does not amount to anything at all. They have spent consider- able tune in trying to prove that, after all there is not any preference. They have said '"at we misled and deceived the British I!!!".". '•. f'"i^J"''_'i Bnll lias been sadly luim- i recent ;ini(.h. f,,,,,, the leading C'on- ,1, , , ^, , Tlmx^ M'ere eases the old National Policy in which, a.ldin in the N'ow f( rpui'p , ' """'''' ''""''S' T''i« nv.,m>n,loi,s "(ILsoo mt wai viilorem equivalent of as much as ."0 or m percent, ami. as my hon. friend beside nu .rnlnds me. in «„„„. eases even higher. Mlielher Wisely or not, ,t was deemed a l"""f of great lmport,.n...e to reduce these Tlie article concluded as follows-I am "" " •'"' Toronto "Mall and Em- Thi) Ro — ..ed to the ad valoreiii- ,;,:'"'"' "^^" I l>nZ:S^'}BA^ •Mr. FOSTEU. How manv remain ■> ^ '"■^"""^"■- '" '^ "" '^ ' TheMINISTEH OFFINAXCE. gi.iic a """.her, I have said we have not remove tlH'iuall. But give us a little time N'ow "'^^ statement, m „, Oppositfoti o'.'an are a little stronger ,han those made 1.1 the House, h„t they are In line with those Of the hon. gentleman (8lr Charles Tupper) , if'.. 38 who leads the Opposition, and others, who (leclaro that there is no preference, and that wo have luiaihuRged and deceived the Bri- tish people. Well, 8ir, whatever else may be said of the British people, I do not think that anybody outside of the Conservative party in Canada would say that the British people are so unintelligent, so ignorant, that they cannot read the plain words of English in the preferential tariff. No n.eniber of this Government, or of this House, ever made such a statement as tluU we proposed to re- duce duties from '6'> per cent to 10 per cent in favour of Britisli imports. No such state- ment was ever publlslied In an English paper. There is absolutely no foundation for such a statement. But we tind the chief Conserva- tive organ solemnly pul)lishlng that state- ment, and saying that we have deceived and humbugged the British people. The preferential tariff stated iu the plain- est words that the duties provided under the general tai'itT— not the old Conservative tiiriff, but the revised general tariff, the duties of which, as I have shown. In many cases are much lower than under the old ti! riff —that the duties under the general tariff were to be reduced iu favour of Brit- isli iinports to the extent of one-elghtli of the duty, and that at a lat(>r date there would he a further reduction of another one-eighth, making a total reduction of one- fourtli of the duty. Tliat preference tool: effect from tho moment 'the tariff was brouglit down, 'n April, 1807. Owing to the action of Her Majesty's Government, based upon th<> German and Belgium treaties, the disi)(isltio!i on tlie part of tliis Goverimieut and this r.irlliiment to give tJreat Britain the benetit of that preference at once, hud to be postponed until a later date, as respects our transactions with many of the countries of the world. But I want to call the atten- tion of tlie House to an Important point which I do not Ihliilc has hitherto been dwelt upon, and that is that while there was some unadvoldable delay, owing to the actiim of Her Majesty's (Jovernment, in bringing that prefei'cnce into operation as between Brit- ish goods and goods of the continent of Kuriipe, as ri^spt'cts England and her great couipetltor In Canada, the United States, there never was any delay In the Iirercri^nco, but the preference towk otYeoi oil the 'J.'U'd day of April, lSi)7, and continued from that time dowii to the present mo- ment. Consequently the preference over her chief competitor, the Uulted States, was a substantial preference from the beginning ; it was a preference of one-eighth for the first 14 months, and it is now a preference of one- fourtli. I would commend this particularly to my hon, friend the leader of the Opposl- rion, wlio has repeatedly made the statement That there was no preference in this matter, carrying out tlia same line of argument that they do now, that all this story of a prefer- ence was a humbug. Now, whether the duties iu the general tariff are higli or low does not in any way atfect the extent of the preference. No matter what the duties may lie iu tlie general tarilY, the preference rato is one-fourth less. Even if the contentions of hou. gentlemen opposite were correct, and if we had largely increased the general tariff, the fact would still remain that there is a real and genuine preference of one- fourth of the duty. If the goods of a Brit- ish merchant come into the custom-house of Canada alongside the goods of a foreign merclKint, the preference makes itself manl- iest immediately, because whil the goods of the British merchant are admitted for 7.') cents, the goods of the foreign merchant cannot be ad;iiltted until they nave paiii !(!l. rhat is the simple fact, ami I am sure It is understood by the British people, it is under- stood by the British merchant. It is under- stood by the British manufacturer and, tliero- fore, there is not any shadow of foundation for the statement that we have misled or de- ceived the British public. My lion, friend beside me rendnds me that It Is also thor- oughly understood by the American manu- facturer. In support of that I may call a' tentbu to tho fact that Colonel Bittlnger, the American consul at Montreal, recently addressed a report to his Government at Washington, in which he pointed out that the decided preference which Is given Brlr- isli goods in Canadian markets was operat- ing against the trade of the United State-*. Now, as an Illustration of the extent aad value of this preference, I want to give Hie House a specimen Invoice of goods Importi'd I'.V one of the largo mercantile houses iu Canad.'i. The merchant imported 01 pack- ages of dry goods covering a wide range. I will read you a list of the articles ;. (Jlovea, caps, woul rabrlofi, laco, wuol elu'',,, f!nrter eliisllc, wool yani. white cotton tap', rlbl)oiis, liii'e curtalu.s, llM»>ns, damaslt, hnndkcr- fhletK, towels. 39 I think we may regard that as a fairly representative statement of a general line of British dry goods. Sow, what is the effect of the tariff on that Importation? Under the old tariff, the duty would have been )f3,754, e(iual to 30(52 per ceut The amount actually paid by the Montreal mer- chant who Imported these goods was $3,058- SS, equal to 24-93 per cent, making a reduc- tion m that one importation under the pre- ferential tariff in favour of British goods of $69o.l2, being equal to 509 per cent on the value of the goods. Mr. FOSTER. What was the value of the bill of goods ? The MINIS TEB OF FINANCE. I think it was about $12,000, but I find I have not put down the statement of the value. The value is given by the gentleman In the In- voice, but I have not put it down in my notes. I have hoard It said that the Britisli preference is of no value after all, because it is only sufileient to meet the increased cost of importation of goods from Great Bri- tain as compared with the cost of gouds from the States. Well, the fallacy of that argument will be seen at once. If, with the preference, the British importer is only able to meet the American oa eveu terms in the marlvets of Canada, then It follows that If there were no preference, the British im- porter would not have the gliost of a chamo to get into the markets of Canada ; there- fore, the argument is evidently baseless But !u addition to that I have ascertained by tlie experience of a very large Importing house in importing goods from Eugland that the frelglit, insurance, inland freight and shipping charges, &c., amount to about 10 per ceut of the gross duty ; therefor.' there is l.') per cent of the 25 per cent du^v still left, clearly to the advantage of the Brit- ish importer. But the main point 1 wisli to note is the one I made a moment ago that If it bo a fact that the cost of Importa- tion from England Is somewhat greater than the cost from the United States, and If by the preference the British exporter Is only able to get amends In whole or In part for that increased cost, then It clearly follows that If there were no preference the British exporter would have no chance whatever ;n the C.uuidian market. The preference therefore is of very substantial value to him. Attention has been drawn to the fact that Imports from Great Britain have beea increased but little, while our imports from the United States have Increased a great deal. Well, there is nothing In that to whicii our British friends can take exceptioa. We Import from the United States a large amount of raw material, articles which Eng- land herself has to Import, and which of course she could not expect to send us. Take, If you will, the matter of corn. No Englishman is going to complain because we admit corn free, for free corn, in a much wider sense than we have it, Is one of the things of which most Englishmen are dis- posed to boast. Take the matter of Iron. To a considerable extent England herself Is buying iron from the United States to-day, and England cannot complan if we are importing from the United States the very class of goods she is obliged to import her- self. 'I'he Englishman knows that we have given him a plain, straiglit preference of 25 per ceut of the duty. Whether he can avail himself of that. Is his business and tie can be safely trusted to look after hat for him- self. If he linds that the things which are being imported from the United States into Canada are things which by some accidental circumstauces are made cheaper than he can make them, then the Englishman Is going to look after the matter, and provide a remedy in due course. If, on the other baud, these increased imports are the result of our wanting to purchase things which England has not to sell, things which, by teason of the climate and soil of (lie United States, caa be produced more cheaply in that country, or by reason of any special circum- stance which cannot be overcome, then Eng- land win recognize the fact that we ought to import the.se gooes from the Uidted States, and she will lierseif follow in the same direction by Importing these same goods, as slie actually do..>s. T'-ore are several rea- sons, however, why the British merchant has not been able to take advantage of this preferential tariff as largely as we hoped lie woidd. I think the ilrst reason, and It Is a reason that we are pleased to note. Is this, that under the broad and liberal tariff of the British. Government the English manufac- turer, the English merchant, Is so busy, and has been so busy for several .years, that he 1 as no time to exploit new markets. It Is a fact that the manufacturing Industries of England are and have been for some time St> # i ' fji ^ ^1 S -' f^i 1 'rWi •'! St i ^'X- ¥ ^• < it: 40 very prosperous, and when the manufac- \ tlsh manufacturer, which lie understands turers are so busy, naturally they are not : and appreciates. I have here a statement disposed to str(?teh out their hands in search of new uiarliets when they have all they can do to supply the old ones. Then there Is another ditheulty, and this is perhaps not entirely oredi table to our English friend— and his only excuse must be that he is so busy -and that is the fact that the English manufacturer does not, In many lines, pro- duce articles which the Canadian merchant and the Canadian people want. I li.ij u oouvei'sation, a day or two ago. of British Importations In 1898 showing the duty that was actually paid, and the duty that would have been paid under the old tariff. It is as follows :— Value of goods, dutiable and free, entered for consumption from Great Britain (less coin and bul- lion) Amount of duty that would have been collected on such imports If the average ad valorem tariff rate of 1S96, on British goods, viz., ?32,043,461 Hy collected, less estimated refund of $100,000 on account of preferential tariff... .'Vmount of reduction on British goods in 1S98 was B,549,428 60 $634,715 S5 With a geutieman who is a large consumer of | Duty^^haT ^Z'' a ct^u a >?'""'"'- ' ^'^'^^'"^ ^^ cottons in Canada, amd I aslied him why he could not get these cottons from Eng- land. He told me that he had to buy tliem from tlie T'uited States, because, he said, the English manufacturer did not make the | style of goods that he required, and was ' '^^*^''^ '^ aruother view of this question of not prepared to change his machinery to ' ^^''^"^ imports which deserves con.sldera- suit the Canadian mariiet. Thoa, there is ' '""' " ""^ imports of British goods have another reasj;i. 1 read recently an interest- '•■ "°' ^^'^^^ ®° ''''^'^^ '''^ '*^'^ ^^'^^^ ''oped for. let iug article from the Loudon cwrespoudeut ' ^'^ '^^"^ ourselves the question, how mucli of the .Montreal " Gazette " on Auglo-Cana- ' '''°''*^ ^"''""''^ ^^'^ situation have been if tlila dlan trade, based on a statement made by ^ P''eference had not been in operation ? The Mr. Chi'.mberlain in the British Parliament' i '''"^-^'ooks show that the imports from Great as to the extent to which trade with Can- ' ^'''^'•'" ''"^ ^^en declining for a number of ada was increasing. The writer, referring ' ^''''"'^' '^'^^ importations for consumption to the small increase that had taken plaoe ! ^°^ ^'Jf *'^''^^ ^'"'''^ ^^'^^' !«»' ^""^ l^O^ ^ere In British exports to Canada, said he had I '"^^ ""o^ows :- disct'.ssed the subject with several well ' iSi>fi known Loudon merchamts, who said that, | |^9S before we could have any large increase in British exports there must be a body of ! ^^ might be of Interest to go back a little Canadian merchants in London to whom the ' '''^''"^^'' 'i"'-i'J- of his own account. So it understood by the Englli; SSchaJ^ "" j IT": '^T' ''^^ "'^"^'^ ^^^''^ '« ^^^ l^-fel ence for Canadian soods nn tim Rnin^i .. OHKAT BHlTMN-s vo.UNTARV PKEPER- ^te-booic, there is at^orcL^for C^n^d ^n ENCE. i goods in the hearts of the British people There is another side to the question Hon •Z.J^^ a''** pending over every year in- gentlemen opposite have been constantlv irM, '"''"'"'' °' '''' '''^''''' «' Canada, complaining that, while we give t^A^^ t T"'"'' '''"''•'^ ''«^ ^'''^'^ "«ed before, Britain a preference, Great BHtainhmel I ^ ;"%'''' " ''"''' '^ ""^ ^«" ^-°''-'' gives us nothing in return. The hon nZZ ' ''"'^ ^^"^ ^''*^ '"crease of our ber for Bast Grey (Mr. Sproule) Is sa^g ,?'""''' ''S^'''' ""'^''''^ '^ '"^'^ ^ r>nvz of on that point, and ha has emphasized b^„'',.^'i "I"' "'"'"''''^ °'' ''^'^''- '^^ that the offering hears, hears, again and a'ain i ' T.. ^'•'''' ^'"^^ ^'^'^ ^ «"""F Increase. But nust remind hon. gentlemen opposite Ihat i TZi 'm ""' ""^^''° ^""'^ "^^'^'- «" ^''^ they sang the .ong of preferentKaUrade ?or r''"' ""''' ''"^^ ^''^'"^ '^'"'''^ ^hat the a long time, but they^ever ac on 'ilished ZT "' '''""'"'^ ''^■^P'^'-'^ ^° ^"«'-<^ anything : that they talked preferentlT rrnle ' h ^ ' I^™P°^'""°ately. much larger th«n that they moved resolutions on preferenthi ' .v?J!^'"'f' °'' '^"''^^'«'° ^^P'^^'^^- The total trade, but they never aocomplishid anyt; ^g SK '' fo''T^.«", """""' '^'^^"^ ^" «^'^-'^' In respect to preferential trade so 1^^ n! !, ' ^^^^ ""^"^^ ''^ incr-ase of some- they coupled with the proposition a i^'''"^r'''- '' ^'^^' '''''• ^^'' «^ ^^^ «ame for taxation on British food. I do no^s^v '""'.^'"^ """^'''^^ ''••"•" Canada to Great Brl- that it would not be largely to the ndv.n ' Tv "''^'"^ "'"'" ''^''^'^ "^'^ ^'' '^'''- The tage of Oau..ida to liave a nrefplnn ' '^°^'°^^'"- are the figures showing the ex- piepaiLd to tax the grain of foreigm nations ana admit Canadian grain free, no doubt Total exports from umtod states to C.S.' '? ;Vno; rr;?' .'^'^""^'•' ^° Tot^"e^.tr^-'r„ (yn^t^/kteVto ^^^^'^^^'^^^ that It Will never be done I kn^w .r'." "^^ i T' °^'''"' '"''''' S^«'^s«.367 .entlemen thin. th\n^s'strrelra^L "^■^""" " '---^^ P- -'• Seve Z'tTr '" 'r*'- ^ •'^^ -""°^ to'^'tai^""^^^ ^ts??:.':^'^.^.^^- «-- , „,3,,,, n. ! ,. ! ^' '^ P''''''"^' '^°t tJifoUgh the T^'^'^.^POi-ts from Canada to Great * "'^^T.SOa policy Which has been pursued by hon gen- """ "■ ""' 104,998,779 llomen opposite, but that throngh tho Im- Percentage of 1ncrease-35-960 per cent. I"'>'ial spirit that Is fostered and encourairo i «, I'.v the action of this country In rc.nect to f "'"■ •^PP""^"^^ «'-e not willing to the preferential tariff, «nd by similar offers Z'TT i''^ P'''"f^''''"<^'> ^vl"eh really exists "•at probably will bo n>ade by otll^r colonies ' *"'°'^ ^°' ^""'''^"'"^ ^oods, but the In- there may be brought about'such a state of f,?r'"''"°'! ^"^'"' "' '^ ^"^^^ conclusive on P«iWic opinio, in Great Britain that a cha„°, 1 ' ' ^''^ "'"■ ^'■'""" ^^'"° represents Will be made .„ our favour. I a.n no'go n^ . 'T''' °' ^'""^ ^^''- CampDell) gave us to set my face ngainst that, of course Rm ' ' '"'^"^ "" •""«trntion of the prefer- what I want to po'nt out is that, so^long as T? '''""^ ^'^""''''"'^ ^""'*^ '° Canadian goods we demanded a preference.we never succeed T ,7' "^ '"'"^ "' ^'"'^ '^ ^«^^ y^'-^rs n>?o. ed in accomplishing anything. When the om>s .^ . °"" '^"°"''«''se. it was the practice tlon Avas approached In the right wav wh^V" '^ Importers tx) have Canadian goods we ceased to demand unreasonable thines p "'''!'/ "' " ''^'"^riean," for the reason that When we said tlmt we were prepared, in f^p"""f■'"*''°°'^^ ^^'-"^ °»t popular In the |0.n.tionot ll-e generous treatment which we f ' "''''''' '"'^ "''"''" t*^^^ '"«' -vear or h:.ve always received from England, to give ., V^'';r '"?','' ^'''^ '°^"'^'* '° everything preference to her In our markets, the he"r I h ,' f "' '" 'T, '"'''''''' ^'^^'^^ that he neart | h,id better mark his goods under the name 42 " Canadian," and now his goods are being sold under that name. But that is not the only evidence. I shall give to luy hon. friends opposite another piece of evidence to show that although there Is not any preference on the statute-books of Great Britain, there is, as I have said, a preference In the hearts of the British people. I have lu my hands the report of the Feder- ated Association of Boot and Shoo Manu- facturers, at the annual meeting held at Leeds, on the 23rd November, 1808, and a further report of December, 1808. I quote from the report : PREFERENTIAL TARIFFS FOR BRITISH GOODS. Tlie question as to the tariffs that are imposed upon boots and stioes by foreign and colonial countries, and the clianges tliat liave recently taken place in some of them, was brought before the meeting, particular attention being called to the fact that Canada had in August last estab- lished a preferential tariff in favour of British goods to the extent of remitting 25 per cent of the ordinary duty, and that this preferential treatment had already caused a very consider- able increase in the general trade between Gre.it Britain and Canada. It was pointed out that although the reduced duty on boots and shoes Into Canada may not lead to a demand for Eng- lish boots and shoes, yet the extra British trade in other goods must indirectly benefit the home boot trade, and that as Canada, Australia and other colonies are large producers of hides and leather, It would be wise to favour the importa- tion of such colonial productions for manufac- turing purposes. It was resolved, on the motion of the president (Mr. 3. Leonard), seconded by Mr. W. Hieksjn (Northampton) : " That this meeting of the Federated Associa- tions of Boot and Shoe Manufacturers of Great Britain records its appreciation of the change In the Canadian Govurnniont's commercial policy, which has, by the establishment of a preferential tariff for British goods, largely increased the trade between Groat Britain and Canada, and trusts that further reductions In the tariff may be made. This meeting recommends boot manu- facturers to give a preferential consideration to the leather imported from Canada, Australia and other colonies which admit British goods free or under a preferential tariff, and that a copy of this re.solutlon, together with a complete list of the duties now In.posed upon boots and shoes by foreign countries, be printed and forwarded to the members of the Federated AEsuclatlcns." You will observe, Mr. Speaker, that there was nothing selfish In this resolution. Is It not another strong proof of the Increased appreclnllou of Canadian goods In England ? This resolutlou shov,'s that the boot and shoo i trade in England realized that they could | not send any great quantity of boots and shoes to Canada, for no doubt they are aware of the fact that that is a line of manufacture la which we can compete with the world. But notwithstanding this, so keen was their ap- preciation of the new trade policy of Canada, that they passed a resolutlou advising their members to purchase Canadian leather. I have no doubt that the increased exports of the Canadian product In that line are due, in some considerable degree, to the fact that these boot and shoe manufacturers have la this way shown their appreciation of the pre- ferential tariff adopted by Canada. 1 have another bit of testimony of the same character which I will give to my hon. friends opposite. They seem to be unwilling to believe that there Is anything In this pre- ference, but I want to give them evidence to show that the Englishman does give a pre- ference to Canada, and that he gives It voluutjarily and cheerfully, although he was not willing to be dragooned Into It by hon. gentlemen opposite. In the Montreal " Herald," of the 22nd of April, there was a very Interesting article on the growth of the canning Industry In Canada. Mr. Innes, a gentleman largely engaged in the canning trade, tells the " Herald " of the extension of his business in various directions, and mention is made of the gratifying Increase In s lies to Great Britain. I quote from the Inl'.rview : " Are the goods giving good satisfaction 1" was aslted. " Yes," said Mr. Innes, " they are giving ex- cellent satisfaction, and British customers espe- cially are inclined to favour us all in their power. They felve the preference to Canadian goods, and are learning to trust us as to quality." " D(! you think, Mr. Innes, the strong Imperial ■ sentiment that the present Government has fos- tered has helped your sales at all in Great Bri- tain ?" " T do," most certainly," was the reply, " and I may say that we have sold thousands of dollars' worth of canned apples this past season through a hanpy idea In having the labels engraved so as to convey this sentiment." And then, Mr. Innes exhibited to the re- porter some handsome labels which he w.-is placing on his cans. Including quotations from Rudyard Kipling's " Lady of the I Sno\v.s," a poem which is Itself one of the I most notable products of the preferential : tariff. An hon. MEMBER. Mr. Innes Is a great Tory. The MINISTER OE FINANCE, My hon. friend behind me says Mr. Innes Is a great Tory. Well, this Interview docs groat credit to Mr. Innes. and I have no doubt that there are tliousands of men who used to be great 43 itlon ?" was Tories iu the Dominion of Canada who are going to follow the Llbonl r^ h„,.o,„<,.„,. , L,ioetai Government he eaftei and will not any longer follow the hou. gentlemen opposite In auotl.er n.atter also. Canada is receivin'^ creased the cost of coal oil. Besides •educing the duty by one cent per gal- lon we increased tUe numt^er of points at wh ch oil might be delivered iu tank cars • a change which, [ think, was of some relief' '""=' "'■^'-'' ^anaaa Is receivirKT - ,i,„>, ,. ---... v,»v.u lu i.iuk cars; a preference, as will bo fo.md from this des" f '"'""' ' ^'^"^^' ^"^ °^ «°"'» ''e'lef Patoh. Which ...ppearod in our ^wspapers 7'''''"'' '" '''^" "'"^'^"^^'^^^ We •■I'Kl whi<.h is dated London. April 2Sth 1 "'"'"'''^ ''"'■^'"^^'" "'^^^'ty f" ^^e oil trade r , • j bJ permitting oil to be carried in tank ves- emlg'rarii;;. ;l?irL'fo7'^■^|,"S.^ '!".*'■'' °^ ^^^^^ ' f^ '' T^'''^' '^'''-^^ ^o proper restrictions the curront year" are 'verv "ale inf ta °C°InL°' i '"V^*^'^^-^'' ""^ ««™« «fa"«e process of ,.a- ^o:nZ^%;\:S!:^^^^^pV^^oS^^ "'•- '•'^"->'- "y assertions without any '^^^-i^ '^^er'°or^^^i:^,^^^-^o^2i^er ><^^^oiun,. opponents of the Government ^^^Vl.^^J^'^d 'P^'^%^^^ whie have solemnly argued tim i>y reducing the colonic, inclSd[nrs;uthVtn^'a°L°st'".'?!""',f H ; , "'"''" '''' ^''' """''^ '^^-^'onsive. and remained stauonary or shown 'rsI.ghlLX'offH''" '^ P^'-m'tt'nfT the carrying of oil In So you see, Mr. Speaker tliev nr. .i . ' ^ ^-^'^^els we were doing some gre.u in- preferences t; us n the r^a^ter of our 1 1?" -'"'T '° '''' P""""- ''''''' ''''■ °"^ "«"-ent und they are giving ^"^s ^IZ^^^ I y^'l' '' '••^''^°"-^^"« ''^^ '-"■"-. The folly ference to us In the matter of mX^nlV 1 ^ 7^'^^''"°"^ "'" "'' '-^^^--"^ ^^ who hereafter Will come to Canadr^fal, , ' ' ''"''' ^^' ""'""'' =' >'>""'eufs consl- uumher than ever before '^'""'"''- '" ^''"^Sei .icr..,non. The demand for freedom to luindle oil in the most economical wav ihrough the medium of tank vessels canie from the M.irltimo Provinces. To refuse them that privilege would be very unreason- There COAL OIL REGULATIONS, one item in our tariff to which llttk. peace until he n.alcc o e t^^r e T ' T^^ f"' °' "'' ^^^" '""^^ ''^« adva„>tages duction. ^'""° ^"'""^^ '^''-'Of Cheap transport.ition which nature had The cost of coMi oil h'ls been m-w. , • , '^'''''''f"' ^""^ ^"<'">' Throughout Canada to- •u Oauada. not only ly ,!,',''; , " 1 "b ' me' ;"';r""^'" "^ "■■-I.-tatlon is o„e of rosirictions that have 1, ith ,11 , f ^ '' important that occupies public at- on the trade. We emov 1 me oTti^e' '''"' ''""""• .^-^■••-^•"-•-> '="> <"-i- i^'to econo- strictlons at the time we reduced tnl, T- '""'.'" '"' '°'' "' "'■'"^'""^ •■"'" transporting "Hd I have reason to bl.liele tlm sfu" fj ""'r'"''^"'-- '^"'- ^'"« -e deepen o.u- canals such removal of restrictions we^U it h ' 1 n i h 7T' '"" '''" "'' °"^' ^'^^''""^'•^ ""^l irood effect ; but the comph^nt s mmle^„^i ^7 thi T '"' """'"^'^ "''*^''' ''''^'^'■ WP did not go far enough. Several Ton Zl I '"' '°""''''' "'*' '"'^'-^ "^ °"i' 1°^°- tlomen maldng quotations of tl'f m^^f "f" ' '''''r?\-'\"'' '•^^""••^>- ^"'•^' ""P^-e grades coal oil in the Unite.l states and i, Cma. '• ' '"'Vf '"" ""'''''' '" "••'" ^°°"^ "'"^ ^e "avo made the difference twice Jh^^t^^uT T'"",/."'^ '''"" ''^^ ^'»- ^•"^'■•'P^'^t pos- the total amount of duty ; so t irnu fev, , '„T ''""" '' ""^ '"^ "^'••^- ■•'^'^"■•'' to ' ■■' 0. =. ■n..'„;';^ « rr./r/aT" vears iiwr. tin j. ''"^ a few caused them t^ i > ''eir-reiiant, and have 'ore toSrrlr.' «"'''''■ "■«» "e -hen v,<...e. „,..;;,"„;« "Lee"' IS-^IT.! Ana „„„. sir, l„ conelusl„„. le, „„ „„ 01 al" this n, "■°''^- ^"'' ^''•' ^'^ t'^^ n>'d.st ot all this prosperity I would venture to "tter a word of caution, it is said h nf Of my disringulshed predeclr 1^0^ ut a time when trade wa'^ fns^w ' -.^business me: r^.^:^r^?-;: Joirirru^eyou^irth'tlT"""^"' disposition to offer such ad^ce 1 tZt '^r would much rarh^. ,. r .u ?® ''^ ^^at. I would much rather It \h T ^' '^^*- ^ fore t^ theTho^r 7'" '^""'"'^ ^^'^'^ ^^e- "' ™=°e would havl anv""^^'.*'"*' ^'""^^ over e^ wLreTh^r,'''' '^'^^ *'^'^ °>«''^«^ r°^^ «^ eautJon In the JnlrT^^' ""'''• « Where there Is an open door. Espe- " Lest we forget ; lest weT4;/., TV -i i 46 midst of tills great prosperity, I would re- luiud luy liearors that tbe conditions wbicb have bronglit It about cannot be expecteJ to prevail always. It will not oonstautly fall to tbe lot of a Finance Minister to make such an agraeable statement as I bave tbe pleasure of submitting to-day before the Housf? of Commons of Canada. We cannot always bave good crops and good pdcfe.*. Conditions at borne and conditions ab'-oad may bo such as to bring about a check to all this prosperity. Prom the experience of the past we know that tbe pendulum wbicb has now for two or three years been swing- ing strongly in Canada's favour may soon fall back. Tiiere may soon come a time when things will not be so prosperous, and so 1 would to-day rather, as respects our national liousekeeping and ia the business world, utter a word of warning and advise our people to make a wise use of our present oppcirtunitles so that when less prosperous tlD.es come to us, as come they will, we shall be able to bear them easily. Let our aim be, not to bave what is> com- monly called a " boom " in trade, but to lay strongly the foundations of our business, so ibat Canada may move steadily forward in all tilings necessary for the welfare of her people and the advancement of her position as the greatest colony of the British Empire. s, and ts our islness advise )resent perous 111, we b com- to lay ess, BO ard In of ber osltion impire. r*?' f ^^ v« ■: i: It)' ill ^^'t %i ■I TO" / 1 • Vv .5$ I (Diagram in c ( ?(^ 0^ 70 X I 14/) 140 la,"! lao 125 1^0 llf) no rf ior> 1 10(1 i fl") fio RT HO 7r. 70 r»* (Sfi fiO ' u 60 K. .u.— < "«»•• »0 Oi ^ *g? w 00 t" o 1-1 00 as cs la "*" oi" O r-t ^^ Oi ^ tH 00 O '00 o ■»i5' o" T- t* t- O DOMINION OF CANADA TOTAL IMPORTS for years ended June 30th, 18- (DiAGRAM IN Connection with Budget Speech of Hon. W. S. FIELDING, Minister of Finance, Session of i899.)_ / ^ 1^ ffQ 'fo\ f/ 7^ '7i 7/ ';j io\ 77 '7:5 w SO '81 '6Z'S3'84\ *^'^' #' S7 55 »^ ?^ l^*/:^^ 'm 'Q4\93 '96 ' 97 96 1 j 1 1 i 145 140 135 130 125 120 1 1 r. „„^ r*** MIMM i^MVt!t» ■'■'*•■• 'Jwi. 1 ' WWs , — < ■- ■ ^. . 1 1-4 o « r-4 od" r-l 00 ©J o* O 00 o" 1-1 « CO OS « 00 r-t 8 oa Xr- t- CS OG ■ft 00 o 00 era eo »o O 8 d O- CO »-t CO CO CD 1-1 oo o «4 CO « s? 00 of o o •-t 1-1 f-4 CO Ci_ »o 1-t 1-1 00 CO o t£ OS 5S 00 «£> o OS (M OS t- * CO (N rH 00 so ^-« o rH r-l 00 o 00 1-4 1-1 g od OS i-l CO >(S o m 9^ ^ ■III r '08 Gi I GO <0 14£ 140 115 105 85 80 75 70 V CO 55 >a DOMINION OF CANADA TOTAL EXPORTS for years ended june both, is- r <0 ^ ^ V 'OS iDiAORANHNCoNNECTioN WITH Budget Speech OF H^ W S pifi niMr- ^^ ^WT^^/TJnTV Z.l .^1 v^.l ^-vU o \ llZ"°!!'. i!i :r . - ^- "^'^'^^^^ Q*^ finance, session of 1899.) m7o 7Z 73 74 OS 00 s Ob i IN i 00 o O OS (O 00 00 1-^ as i-i 1-t r4 n s I i { \ (Diagram i ^cJ '6^ yo '7/ 5i 4t 4G 41 42 40 '6H 3{y •di 32 no an 24 22 20 1 "^ 1 18 ft 46 14 -1 ^ N . i 12 lU "!W- ^>, 8 G 4 2 ^m ■ ,-■ >^,;,\v ^ «o Ttt a» 03 to CD eo CD in •M O o OS en ■^ •* *— > 00 OS (M 35 lO 0) VH i-H lH 0^ ■*» dominion of canada Balance of Trade for or against Canada FOR YEARS ENDED JUNE 3CTH. 18- (DiAORAM IN Connection with Budget Speech of Hon. w s FIELDING. Minister of Finance Session of i890). 3 M hQ 70 7/ 7^ 7J '74 '75 '7G >; '7c^ '7^ 'so '81 'sz '8^ ;^^ '85 'm -87 S5 '89' '90 '9f '9Z '93 '94 '95 '^^'57 'dS 1 \ 1 1 — I- Ci 1 1 4t 1 1 < — 40 — , i 1 WNSr CAnaoIa 11 — flC^ -£ - 42 Frv( )UR OFCfNAD* 10 r • 38 _ — 3C 84 ■ ' '^ > 32 ■ «o Q8 ^^^ ,2G 1 iFi 24 ""• ,, '^ H 22 1 "^ • — r*^ ~— «, 5 20 • .,r*" -^ i ■ 1 1« ^~ „-..- 1 1 i(i ^ a-.,- ~ S«v\X r « ^ ^•■-•-^ < 1 rH ^4 00 05 o OS OS* O en in (» oT 00 O 00 OS CO 34 CO OS 00 QO" o CO eo •X- •—1 f--4 OS (N* f-4 OS o *— t 00 to CO* t- eo t— ■■* o* o o" cs ■si" 00 oc .-4 JO o OS -1 u-3 Cs" CO !-= OS CO eo CO CO CO OS o 01 L-S •ti CO o" eo OS CO of CO I—* CO f—l OS S O 1— t d CO ei O o eo CO l> oo c eo CO en CM 00 CO 4. 1 i : : ;■■' > *'. SHIP (DlAQRAh ■**< ,V" ■»**"♦**•: H*f • <^ ig- -^ji o c S S t» « 00 O 00 c 22 «o •-• c 05 Tt< ^ f. « o" f-T e •-< »^ «H r DOMINION OF CANADA SHIPPING, INCLUDING ALL VESSELS (EXCLUSIVE OF COASTING VESSELS) TONNAGE EMPLOYED (DIAGRAM .N CONNECTION WITH BUOOET SPEECH OF HON. W. S. FIELDING. MINISTER OF r.NANCE. 8ES..0N OF 1899.) June 30th, 18- 8 e2aoeo(>j,-icooio< TO " ■ ' "M ■ -^ «0 CO op «o »-i eq O 2S 1§ 33 =J W M « o 35 >^^ — jQ j_, 03 03 03 S O' eo" «o foc«o«o£;2m&2! ti fc / I i > d^ '70 i 28 27 26 25 24 23 22 21 20 19 18 17 16 16 14 13 12 11 10 9 8 ■ 7 6 B 4 1 8 1 #» •> «« ** 4 t 2 ^5 i < / =!< DOMINION OF CANADA COASTING TRADE— TONNAGE EMPLOYED 29 ( Diagram in CoNNEcnoN with Budget Speech of Hcn. W. S. June 30th FIELDING, Minister , 18- OF FINANCE: Session of iseo ) 98 m 28 27 26 25 21 ros '0^ 70 7/ 72. 7J /^ '7J 7«? >7 '7S '7^ 'so w '6Z '83 '84 (?J S^ '87 ;5(?»^ '^i^ '91 ■9Z 'm '94 '95 W '97 ^ ■>. 1 ' ^^m — '■ ■ , ', • ?3 00 IIIIIIDIII '■■'■ * 91 20 'l"l> 19 5'/',^//'^ ■' 18 iffffTrf'' ,_;..,.....». . 17 , 16 "T^ Id ■«»u«l#l wmm^m Kim " ■■ 14 r^ mm-mi , ■ 1 — ' — 1 . 18 ' —y- l-'>"w)»- ■ , ' ■ ■ 12 "--f =d "■ ■ ' **,—- /' 11 ■ ■ ■ 10 s*^ r — '" 9 , 8 • '— 7 6 i 6 -*v 4 1 8 •» ft • / } 2 ^ cS 1 , ^' ,„ i I'ii'iiii' ■ , ' ti'if'-i' S ;i*3 "^ *5 00 CD •»t< o r- . rH OS [00 «o CO o t> o ^ - « 05 O O^ =? rH I- cS ^ OS 05 uj O SP ri (M -r)4 \!£ ^ \n \n ta (£ t^ 05t--iOOO«iaCi'*(.'OC50 t;tr-T-ieo O ;i- — O 05' —T t- 05 ^-^--Ot-COt-COCOOS ■i, '5. '■'^ '^^ "i *= <=i "5. --i '4 CD ^. o " ■S ^ S sT Kr ■» 0= o5 r ,-" ■> , 1 I'f f (OlAaF.«tV< 4 Si s 17 .16 16 14 13 12 11 10 9 8 7 6 5 4 8 a i: f&6' '09 if) 1 1 I — [■■ <1 ^? m .M r<. t>i t" CM 1.5 (M »0 '^ 04 CD / r^ DOMINION OF CANADA RAILWAYS IN CANADA (Miles in Operation) June 30th, 18- (OiAGf.» ,v« iH Connection with budget speech of hon. w. s. fielding, minister or finance, se'^sion of 1899.1 6 to ^ 17 .16 16 14 13 12 11 10 9 8 7 6 6 4 8 a V w 09 "/u '77\ '72 '7S '14 15 '16 '77 '78 '79 '80 '81 '6Z 'S3 '84 'S3 '86 "87 '88 '80 '90 '91 '92 '93 '04 '95 ■96 '97 98 1 i i~ ■ — 1 1 1 ^^^^ UAIJU^ ST" ■ ■> '-^ 1 1 1 1 'M ' 1 1 ■ , ; ■ .y * « '■'■y. k:' ^ , __ ___ ^^^ * — , — ^ ..^.^ — _ ^-„„ — ■•■ ~~ -^ . — ■%y. ~i -"i^... .:.:. !?nft*Mr^k^<;r^tft^•-4«Mnr^(^conn•H4>-^ t^ Xyi rrs tfs eft "^ \fs mmk ^cri «)■ ^ »n_ »« ^ >ik .m^ IVJC^ »o CO CO CO^CDaD^<»C?3^t>^«O_i-( OO,'* O CO 05 « lO S ^i ^ s^ ^ ^ ^ ta vi ■^' ■^ ^ y^ fS ^ t^ xr^ (£ ^ / 7^ 28 27 26 25 21 23 22 21 20 19 18 17 16 15 14 13 12 11 10 9 8 1 7 1 6 r 5 4 «N 8 2 1 %. DOMINION OF CANADA RAILWAY TRAFFIC-TONS CARRIED (DIAGRAM IN CONNECTION WITH BUDGET SPEECH OF HON. W. S. FIELDING, MINISTER OF FINANCE, SESSION OF 1899. / J UNE 30th, 18 ■ '08 G^ yo >/ 72 /J '74 '15 16 77 '18 '7^ '80 ■3/ 'sz '83 '84 '85 '86 iS7,'(5'Sr6^^ ^ 'm'9Z 'm\Q4'9o '96 97 '95 28 ' 27 1 — \ 26 25 1 p(1 2i ■' 23 \ 5* 1? 22 "<$ 21 . ^ :■ 20 "" " r-- '; 19 t-tt^t ":,< ^ 18 i 17 - f liyt * > , :. **^*^ \ 16 1 ,.»»«-j 15 — — *"^ K 14 ^ 18 wmmm f '.. 12 1 \ '- -' '0- 11 ! 1 ' 10 u.„„ 1 I 1 ^ • j._ ,j. 1 . : — 1 9 ! "•^^ ■ i 1 . 8 1 7 1 ,— . 1 .. 6 1 ■ t „._.. £ , — — 4 ^ f> s *> *> ■ ' — . 8 1 2 r <9\ 1 >- ^ CO 1- I-t 00 OS CO o Cfl US CO CS OS CO CO ^ O > » t> oo' CS t> o V— ( 01 • O fT? — * i-H rH r-t "-* I-i iN .o (.C C5 fM o O on >.■^ •xf" r 68 DOMINION OF CANADA LIFE INSURANCE IN CANADA. NET AMOUNT IN FORCE DEC. 31ST, 18- fPlAG RAM IN C ONNECTI ON WITH BUDGET SPE ECH or HON. W. S. FIELDING, MINISTER OF FINANCE. SESSION OF 1899.) ^^ 13 8 < 380 8G0 840 820 300 280 2G0 240 220 200 180 ICO 140 12o' 69 70 ;/ 7z 74 73 \ 100 fio CO 40 20 76 77 78 79 80 SI m S3 — ).. 84 85 Cl 01 LTl ■^ o >f5 y^ CO ao c» Ol u t- o C3 (T^ » o CO R CO (^ « uo (M o t~ \rt o? 1« l- h- l.ti O Tt" nt o I-- on «*> 86 87 '68 8Q '90 91 92 50 04 '9o{96 '97 98\ O "K CO -f lo CO 1- o Oi" •«»« i» of ira 09 ut u.~ : I *• °- ^"'•''"'g. MiwitTcw o r finance, Session of issq.) £ £? <^ E" t« o » '* t^ *• oT ■^ •5 «• O aS ^ ^ CI- f-i *~ »o ^o » « «> ^ f lnclu( (c '68. 69 70 65 60 65 60 H •S 45 .40 i<^ 80 25 20 15 10 V 1 L^ ........i,, • M « t- CO oa to t^ «o »o o» I «= ?n ^ I SS £? «» " CO t* lo ( ■* M» f^ < 12 f DOMINION OF CANADA »9 00 »~4 OS § CO t-4 cs en OS •k ^:P IQ a> T-t •O c» Si »« ^ O) od' O • o- o CO eo. h s,;>* / As s (Diagram to ,§ v bs '69 '70 '; 250 240 230 220 210 200 190 IHO 170 IGO loO 140 lao 120 „0 100 00 H0_ 70 GO 60 3 "-~' mm^ — ^ m o Tjt t- 00 (N «o CD s T-i >-^ f-^ CO