^. IMAGE EVALUATION TEST TARGET (MT-3) /, ^> ^% a Province than we were at any previous period of our history. We have a smaller burthen per head to carry than we had five years ago, and we are in a position of greater ability to carry it. If it were not so, I should certainly have cause for apprehension in approaching the subjects to which I shall have presently to advert. The improvement I have noted, I feel, and we must all feel, is not of a temporary or delusive character. It is a permanent improvement, and there is no section of the country which has not been benefited by it. Knowing, then, as I do, that the material strength of the country is greater than it has ever been before, I can approach, and do approach without hesitation the difficult circumstances in which I am now about to address the Committee. I am cheered by the assurance that we are not without a fair side to oppose to the dark one. We have had, it is true, to encounter during the year a diminished revenue, and increased charges on our finances. But there are redeeming features in our position — ^features which should induce us to look forward with hope that the causes which have already placed us where we how stand may help us still further forward. They are operating very strongly to direct immigration in this direction from the United States. And whatever burthens we may have imposed on the people, they bear no comparison whatever to the sacrifices which our friends and neighbors to the South have, by reason of their unfortunate quarrel, been compelled to undergo. We may have, as a moasure of protection, to make sacrifices to a cer- tain extent for our protection, but we have the satisfaction of knowing that, unlike our Southern neighbors, our fields are not desolated by war, our industry is not diverted from its proper channels — that our laborers are still busy in their fields, and our mechanics in their workshops. The trade we have enjoyed with our neighbcKTS has no doubt fallen off, but the injury to that trade has not affected us to the extent that it has been felt by them. It is to immigration we have to look as the chief source of our wealth ; and amongst the causes which operate to induce it, I may mention the certainty of law and order being preserved, while the burdens of the people are light, and they possess freedom of action and thought. Fortunately for us, in all these respects we are in a better position than the people of the United States. And I do hope that the recommendations 24 Ml items that I have gone over are estimated lo yield for one year from the 1st of June, 1862, to the 1st of June, 1863, an addition to the present revenue of !|845,316 — of which I think we niiy fairly estimate ont^half, or ^422,658, as likely to come in within this year, because we have seven months' instead of ^;Ix in which to collect it. I now come to the alterations that I propose to make in the customs' laws, and as they are of a very important character, I entreat the attention of the Committee for a few minutes while 1 endeavour to er-cplain them clearly. It is plain, Sir, that in the circumstances in which we are placed, revenue is certainly the object we are first bound lo obtain. It is not by tampering with or increasing the duties on a great variety of smail articles that we are likely to secure the object of creating a large revenue. If our wants are great, we must undoubtedly approach thos<} articles that enter largely into the general consumption vof the people. There is no way by which we are so sure of obtaining the amount we require. I therefore believe it will be necessary, in addition to the duties on spirits and beer, to apply to the leading articles of con- sumption of the whole people, in order to sustain our revenue and arrest the great falling olF that has already taken place. From what I have said on this point, 1 know that the articles to which 1 advert, have already suggested themselves to the minds of many members of the Committee. Now, 1 believe it will be found that tea and sugar an^ the articles which are the steadiest as to the amount consumed in the country, which are the most generally consumed, which are not very high in price, and the levying of a duty on which is the easiest and least objectionable approach to a direct tax that could be made. If it were necessary to apply those taxes permanently it might be objectionable ; but it must be borne in mind that we are precisely in the position of a people who have to impose war taxes. We are suffering in many respects the dis- advantages and evils of war, though we are free from its miseries and horrors. WJ \ As I said before, Sir, we must obtain additional revenue, and ] have made up my mind that in order to obtain that revenue and uphold the credit of the country, it is absolutely indispensable to call upon Parliament to levy additional duties on tea, sugar, molasses and coffee. (Hear, hear.) It may be well to revert for a moment to the duties at present imposed on these articles, in order that the committee may understand exactly what the effect of the proposed additions will be. The duty on refined sugar ' was 36 per cent from 1st July, 18G0, to 1st July, 18(3 L It was* 25 per cent from 1st July, 1861, to 30th June, 1862. It is still paying 25 per cent, and from 1st July this year it will l.c subject to a duty of 15 per cent. Raw sui^ar was subject to a duty of 25 per cent from 1st July, 1860, to 30th June, 1861, of 15 per cent to 30th June, 1862, which duty it is now paying, and 10 per cient afterwards. Tea and coflee were liable to a duty of 15 per cent from Ist January, I860, to 31st December, 1861 ; 10 per cent from 1st January, 1862, to 31st December, 1862; and to 6 per cent thereafter. Conse(iuently the rate of duty which may be said praciical.'y to exist on these articles from 1st July next is, on raw sugar 10 per cent, refined sugar 15 per cent, and after the end of the yeai 5 per cont on tea and coflee. These duties, i think the committee will ;;gree with me in sayirjsr, are light. In the United States they impose a duty of 2\ cents per lb. on raw sugar. Now our present duty on raw sugar will amount to about four-tenths of a cent. It is my intention to ask the committee to grant for a period of two years — and I may state here that the duties I propose on tea, coffee and sugar will be for a period of only two pears — a duty of 2 cents per lbs. on sugar — both raw and refined. In this connection I would like to revert for a moment to a table showing what the duty on these articles has been before, because it may be thought that the proposed imposts arc higher than ever made in Canada. In 1852 refined sugar paid a duty of 53 per cent of its value ; in 1853, 40 per cent ; and in 1854, 39 per cent. Raw sugar paid in 1852, 50| per cent, in 1853, 40^ ; and in 1854, 39 per cent. I have here a table showing in regard to raw sugar that it was in 1850 subjected to a specific duty of 9s. per cwt., and 12^ per cent ad valorem. The duty 1 propose now is 10s. per cwt., and 10 per cent ad valorem ; in 1853, it was 6s. and 12 J per cent ; in 1855, 8s. and 6s. 6d. specific duties ; and since that period it has been going down. But I wish the committee to observe that the rate of duty in 1850 was very nearly as is now proposed. Now, with regard to molasses, it has necessarily to follow the rate on sugar, and it is proposed to apply a specific duty of 3 cents per gallon; on tobacco an additional duty of 2 cents per lb., on coffee 3 cents, and on tea 10 cents. (Hear, hear.) This is the duty that will be asked for a period of two years. I prefer making the duty on tliis occasion spe- cific, though my general views have not changed in any res- pect as regards the correctness of the ad valorem principle. But when I find myself in the position in which I am now placed I think I am bound to apply duty in that way which I think most likely to produce the result I desire, an augmentation of the revc- 26 nue. When peace prevailed in the United States and there was no duty on tea, it was impossible for us to levy a high duty without the danger of smugglini?, or the moral certainty that we would be unable to collect it. There can be no smuggling in tea unless our duty is higher than theirs, and that brings me to the point I propose to come to. The American duty is now 20 cents per lb. on all descriptions of tea. Hon. J. S. Macdonald— You have not explained whether yon intend to abolish the present duly. Hon. Mr. Galt — I do not inlcnd to disturb the present law, because other sources of revenue and the general progress of the country will, I confidently expect and believe, enable i^s at the end of two years to dispense with these duties. Mr, HowLAND. — The same principle applies to all other articles? Hon. Mr. Galt — Yes ; sugar, molasses, coffee and tea. Mr. HowLAND — The ad valorem remains, then ? Hon. Mr. Galt — Yes ; as I said before, these I propose are special duties to carry us through the crisis in which we are placed . by the American war. There is. Sir, a trifling article of confec- Honery, the duty on which will have to be assimilated to that on refined sugar. It is a small article and I propose to put 5 per cent 'ipon it. The result I anticipate to be derived from these imposts is as follows, taking the importations of last year as a guide. — On refined sugar, $13,580 ; raw sugar, $808,510 ; molasses, $38,757 ; tobacco (manufactured), $50,896 ; coffee, $20,220; tea 474,510; confectionery, $2,100 — making a total of $1,408,573. It is per- fectly clear that the imposition of these taxes will tend to diminish the consumption of the articles taxed. I therefore assume that instead of yielding half of what we would receive for the whole year, the gross amount that will accrue during the remainder of 1862, will be about $600,000. Now, Sir, in addition to the sources of revenue I have already indicated to the committee, I think it is desirable that provision should be made for obtaining from the general business transac- tions of the country some contribution to the revenue. (Hear hear.) It is quite clear that when a great proportion of the revenue is derived from only one or two articles, the income is liable to be 27 deranged at any moment. It is betler, if we can, to distribute the taxation over the various branches of business, so that if one suffers, the whole revenue will not suffer with it, but be able to maintain itself. Asa general rule, when we come to consider the sources from which our revenue is to be derived, 1 think it desir- able to make the distribution equal over all branches of business. With this view, 1 think the committee should consider the propriety of imposing a small stamp duty. (Hear, hear.) It is a source of revenue extremely lucrative, and is besides one of the surest. On this continent I know there is a prejudice against a stamp act, but I think there is no duty likely to interfere so little with the ordinary course of trade or business, so easily collected, or upon which the cost of collection is so small. I do not propose to ask the com- mittee to impose a heavy stamp duty ; but I do think that upon this occasion, when we are obliged to look around in every direction for revenue, we should introduce it into our financial system. I therefore propose to limit the imposition of stamps to sums over ^20. — all receipts exceeding that amount to bear 1 cent duty. I also propose that every cheque drawn upon a bank should bear a cent stamp, irrespective of the amount. On every promis- sory note or bill of exchange not exceeding ^20, I propose a 1 cent stamp; exceeding ^20 and less than $40, 2 cents ; exceeding ^40 and less thi^n $100, 5 cents ; exceeding $100 and less than $200, 10 cents ; exceeding $200 and less than $500, 20 cents ; exceed- ing $500 and less than $1,000, 30 cents; exceeding $1,000 and less than $2,000, 50 cents ; exceeding $2,000 and less than $5,000, $1 ; and on all bills exceeding $5,000, $2 stamp. The amount, it will be readily seen, is so inconsiderable that it cannot by any possibility affect injuriously the business transactions of the country, while it will give us a very considerable revenue, but the amount of which i'rom the limited data in my possession I am unable accurately to estimate. Mr. Patrick — Do you mean that to apply to every note dis- counted at the bank.s ? Hon. Mr. Galt — It will apply to every promissory note or cheque over £5. Mr. Ferguson — Does that apply to every merchant's account ? Will his receipts have to be stamped ? Hon. Mr. Galt — If tluty are over £5. ll is also proposed. Sir, to require a cent stamp to be applied to receipts for any sum paid over $ 30, except on rec(>ipts by public oflicers for money paid to them m 28 on public account, if deposit receipts for money paid to bankers to the credit of the depositor, are granted not exceeding ^50, 1 cent, and exceeding $50, 2 cents. That is the whole extent to which I propose to apply stamps to mercantile transactions and no further, and at the proper time I will enter inio my reasons for it. It is proposed to require copies of det^ds or instruments attested as copies by any public officer having executed the original or having copies thereof attested under seal as true copies of the original, to have u stamp of 25 cents ; to each notarial deed or instrument given under seal, 25 cents ; to each letter of proof executed in this Province, 25 cents ; to each discharge of a mortgage, one-half the duty which the deed itself would bear. I find I have omitted to slate, with reference to the transfer of real property, that on each deed or instrument of conveyance, it is also proposed to impose u small stamp duty, as^ follows: On each deed or instrument, notarial or under seal, by which any real or immo- veable property in th(^ Province is conveyed, mortgaged, incum- bered or hypoihceaUMi, ibr or in consideration of any sum of money not exceeding ijfjlOO, 25cts; exceeding ^100 but not exceeding ^500, 50cts ; exceeding 500 but not exceeding !|^1,000, $1 ; exceeding ^1,000 but not exceeding ^2,000, $2; and for every additional $1,000 an additional sumof50cts. It is further proposed — and the reason for it is obvious — to require the imposition of a small stamp of 3 cents on telegraph messages. The telegraph entf^rs into competition with the Post Office, and largely diminishes the revenue from that service, and there can be no reason why those who use the telegraph should not contri- bute to the revenue. The plan has been proposed in the United States, and in the discussions which have taiven place in the f.e- gislature of that country, I have not iieard a word against it. When we consider the number of messages annually sent, and the com- petition the telegraph oilers to the Post Office, I do not think there could be a fairer subject of taxation. The duty will, of course, fall upon those who use the telegraph. The amount of value of any estimates whicii can be made of the st'imp duties is nec<'s- sarily very vague indcuxi. By the amount of notes discounted at the banks we probably find an approximation to the mercantile transactions of the country ; l>.it it is evidc^nt that a great many ransactions take place between individuals where a note nev as the consumption of sugar and tea, 'while the articles last named poHScss the singular advantage, that the duty is readily obtained, being levied at one or two points, with the least possible expense and the greatest possible certainty. The consumption of manufactured goods necessarily varies as to amount with the circumstances of the people, but the consumption of tea and sugar does not vary in the same proportion. It is much more settled, and there is much more certainty of obtaining from them a specific amount of revenue within a given time. I have already explained that the duties which are proposed to be placed upon tea and sugar and the other articles ara each and all of them lower than the duties on the corresponding articles which it is proposed to impose in the United States. In connection with this, 1 should like to state for the information of the committee the duties upon some of the leading articles in the United States and in Canada. I am the more desirous of doing so now because I think a good deal of misapprehension exists or at least did exist, on the subject of the American and Canadian Tariflfs, because at this moment the impression has become general that the American tariff has largely increased. But that is not the fact. The las^t increase was that introduced by what is known as the Morrill Tarifli*, passed in March, 1861. There have been changes with regard to tea and sugar and a few other articles since, but the bulk of the articles are still under the Morrill Tariff. I will occupy the time of the Committee for a few minutes while I mention the duties on some of them. On china and earthenware, the American duty is 30 per cent ; by our tariff, it is 20 per cent ; I propose to make it 16. On clothes ready made the duty is 30 per cent, in the States, 23 with us, and I pro- pose to make it 15. On coffee green, the American duty is 6 cents a lb. equal to 42 per cent ; I propose to make it 2 cents a lb. added to the 5 per cent, ad val. On cottons the duty varies from 60 to 30 per cent in the States ; here it is now 20 per cent, and I propose to make it 1 6. On dried fruits, the duty in the United States averages 6 cents a lb. equal to 83 per cent ; with us the duty is 20 per cent, and I propose to leave it. On drugs and medicines the American duty varies from 10 to 30 per cent ; ours is 25 per cent, and I propose no change. On glass and glass ware, the American duty is 30 per cent, ours is 20 per cent, and I propose 15. On pig iron the duty in the States is $6 per ton, equal to 76 per cent. ; with us it is now free and will remain so. Bar and rolled iron, of the value of |30 per ton pays ^16, equal to 50 3* t ■■i ) 96 per cent, in the States ; with us it pays 10 per cent, and I propose to make it 7^. On manufactured iron the duty in the States is 30 per cent ; with us it is partly 10 and partly 20 ; I propose to make it partly 7| and partly 15. Sole and bend laather pays 30 per cent, in the States ; with as 20, and I propose that it shall be 12 J. Molasses, w^orth 20 cenvs a gallon, pays 6 cents a gallon or 30 per cent, in the States ; here it will be subject to a duty of 3 cents a gallon, in addition to the 10 per cent ad valorem. Salt is subject to a charge of 18 or 12 cents per 100 lbs. in the States, according as it is in bags or in bulk ; in Canada it is free. Silks, satins and velvets pay from 30 to 40 per cent, in the States ; here 20, and I propose 15. Spices, cinnamon, cloves, &c., pay from 40 to 100 per cent, in the Stales ; with us, from 20 to 30. Refined sugar pays 5 cents per lb., equal to 71 per cent, in the States ; the rate that will be imposed here will be somewhere about 40 per cent ; at present it is 25. Raw sugar pays 2^ cents per lb., or 45 per cent, in the States ; with us it will be little less. Tea pays 20 cents a lb. in the States ; at the present value of tea, our duty V ould be 14 cents, making a difference of 6 cents less here than in the States. Wo Jlens pay from 25 to 40 per cent, in the United States ; with us 20, and I propose to make the duty 15. Hon. Mr. Foley — A great boon to the woollen manufacturers ! Hon. Mr. Galt — I hope it will be a boon to the country at large, and I do not think we are in circumstances to extend special boons at present to any class of the community. I think we are bound to endeavour at present to make our taxation apply to all members of the community, irrespective of their particular avoca- tions. It may be said that parties engaged in the woollen trade for instance, may think themselves injured by our going back to the duty as it was three years ago I do not know, however, that they had any right to expect an increase in the duty, or that they can sustain any injury by our going back to the former rate. But, if the particular article they make is subjected to a lower rate of duty when imported, it must be remembered that, as regards the United Stales, the cost of the article has been greatly enhanced by the taxation and the expenditure imposed upon it there, and that in reality the cost in the United States will be larger than it was a year ago. Consequently the difficulty the manufacturer there has in competing with the manufacturers in this country, is equivalent in my opinion to at least 5 per cent. (Hear, hear.) With regard to cottons the case is still stronger. Ours is an ad valorem duty of 20 per cent., on cottons. Now, it is notorious that the price of cottons has advanced from 60 to 100 per cent. Consequently the >!'•• 37 20 per cent, we are now charging is practically to the consumer 40 per cent , on the same amount of goods, the same number of yards he uses — 40 per cent if the price has doubled, 30 per cent if it has risen one half. These are considerations which must be in the minds of the Committee when we are considering the question of taxation. It is plain that, if we maintain the rate so high that parties cannot obtain the goods at prices at which they have previously obtained them, it will limit the consumption. If we can, by reducing the duty on an article, enable persons to obtain a larger quantity at the same price, it is clear we have pro- moted the welfare of the country in so doing. The result of the measure which I have had the honor to introduce this evening, if it should receive the approval of the legislature, will, 1 think, be in many respe'^ts beneficial to ihe country I think it will certainly re-establish the credit of the country on a basis from which it cannot be shaken. (Hear, hear.) I think it will encourage immigration to the country by making as marked a difl'erence as possible in our favor between the charges of living here and the charges of living in the United States. It is clear that if we were to cease our efforts for the settlement of the country, if we were to put a stop at once to the various schemes we have on hand at this moment for the purpose of promoting it — if we were to do this, there is no doubt we might save a good deal of money. But I do not believe that would be a sound course to pursue. I do not think, because we have a temporary difficulty to meet, we should abandon those plans for the general settlement and improvement of the country which we have initiated. (Hear, hear.) Therefore on this occasion, while I have felt the necessity as far as possible of cutting down the outlay in every branch of the public service, while I have felt that necessity as strongly as any member of this House can feel it, at the same time I have not hesitated to recommend in ths estimates which are in the hands of members, a double grant for the settlement of the country and the continuation of those Colonization Roads wiiich have done so much good already. (Hear.) Notwithstanding that I feit the diffi- culty in which I should be placed in coming before the House this evening, notwithstanding that no one could understand better than I did the effect of the statement I was to make, I have not hesitated to iiicreasethat difficulty rather than to diminish it, by providing means for objects whereby 1 hope to see the prosperity of the country pro- moted. (Hear, hear.) And notwithstanding the temporary diffi- culties in which we are placed, it is well to remember that, if the House assents to every item of the taxation I have mentioned, the ii amount per head of the population will not be so great as it was five years ago. (Hear, hear.) 1 wish the House to remember that the taxation, if carried out to the uttermost extent I have indicated, will not place so heavy a burthen on the people as they bore five years ago. It is otherwise distributed, but it will not be larger per head. — It will be less. At the same time we have not seen that the burden which the country carried five years ago in any way retarded its progress. Nor do I believe that what we now do will hereafter affect its settlement; the maintenance and extension of our educational and judicial systems, are objects far too valuable to be sacrificed on account of any temporary difficulty we may feel in paying the taxation necessary to provide for them. (Hear, hear.) I have no idea that the progress of Upper Canada will be in any way arrested or impeded. 1 look forward with perfect confidence that at the end of the next decade the progress of that section of our country will be much greater than it has been. I know that in the race of progress Upper Canada will hold her own ; but I believe also, sir, that the next ten years will see a great and marked change in Lower Canada. (Hear, hear.) If we look back to ten years ago, we shall find that the mind of Lower Canada was not awakened to the great importance of the settlement of the country. But we now see the intelligence of Lower Canada awake and active in the endeavor to bring here the emigrant and the settler to fill its fertile fields with industrious laborers. And I believe that if the progress of Upper Canada continues as it has, the progress of Lower Canada will be even better. (Hear.) I do hope, sir, that whatever may- betide, whatever circumstances may arise, we shall see on all sides, and in both sections, only generous emulation as to which shall be first in the race of progress, first in intelligence, wnd first in maintaining the honor and dignity of the country. (Hear, hear.) APPENDIX I. TABULAR STATEMENTS OP MR. QALT'S FINANCIAL ESTIMATES. (( Table I Expenditure for 1862. •* IL Revenue for 1861L, under existing laws. in. Estimated result of the proposed changes in the laws. IV. Statement for 1862. V. Statement for 1863. VI. Memorandum. APPENDIX II lay all THE STATISTICAL TABLES ALLUDED TO BY MR. GALT. Table I. Nat)pnal debts of several countries, &c. '* 11. The annual expenditures of the same countries. " ir The expenditures of several of the British Colonies. ** IT J relation between the population and debt of Canada for several y- a .; pa.st. " y. The increase in the population, wealth, &c., of Canada, between the census of 1852 and 1861. «< VI. The American and Canadian tariffs compared. I Ml :^' 11'; II 41 :...l Appt:ivi>ix I. I.— EXPENDITURE FOR 1862. Total amount of Estimates, as brought down. S7132 528 Militia 850,000 Ottawa buildings. ........ 7001000 Other public works mcluding Court Houses and Gads, L. C 639,000 Ocean and River Steam Service , 436 000 Redemption ol Seignorial righU— ' Capital, say $800,000 Interest, say 160,000 Townships' Indemnity Fund, say. Redemption of Public Debt Collection of Revenue — .., Customs $3f54,000 Excise. 50,000 Post Otfice 442,000 Public Works 250,000 Territorial 200,000 Fines and forfeitures 14,500 Special Funds 50,000 960,000 40,000 399,030 $11,156,558 1,370,600 Total $12,527,058 Revenue, as per other table .... 7^76,050 Jtftfw.— Total expenditure $12,533,658 Deduct— Extraordinary as per table. . 2,379,030 Ordinary expenditure, 1862 10,154,628 $5,152,008 II.— REVENUE FOR 1862, UNDER EXISTING LAWS. Customs. Note.—Our comparative loss up to April Ist., is 33 per cent of last year's revenue. Sinco then, to May 13th.. our loss is but 15 per cent. Total to May 13th., a loss of 26 per cent. Revenue for 1S61 $4,774,000 Loss to May, 13th., 1862 $495,854 16 per cent on balance of year 437,400 933,254 Exc.sk. ^'>''''''' Spirits $270,749 B^r 55,480 Licenses 76,175 402,404 Various items.— See estimates , 3,131,900 Total $7,375,050 42 •i III.— ESTIMATED RESULT OF THE PROPOSED CHANGES IN THE TARIFF. EXCISE, STAMPS, AND BANK TAX. Customs. Additions. Sugar refined, 2 cents per lb. $13,580 " raw, 2 « ... 808,610 Molasses, 3 cts. per gal. . . 38,757 Tobacco, man'd., 2 cts. per lb. . 50,>-96 Coflee, 2 cents per lb 20,220 T«a, 10 cents per lb 474,610 Confectionary, 5 per cent adl.. . 2,100 $1,408,573 For J year, say $600,000 Add gain from reductions in J year $100,000 Total gain J year.. . . $700,000 Excise. Beer, 2 cents per gal $110,960 Spirits 14 cents per gal 591,296 Kectified do. 10 cents ^4,530 Tobacco, 3 cents per lb 57,030 Licenses (Tobacco) 1,500 $845,310 Stamp Duty. For the year $400,000 i year $200,000 Bank Tax. Year. . . . J year. , . $36,000 Reductions in Duties. Estimated at $800,000 For \ year, &ay 600,000 But increased imports, conse- quent on reductions, will l)e $4,000,000, on which 15 per cent is $600,000 Shewing a gain by tarifl' reduc- tions of $100,000 $18,000 Totals— HALF year. Customs $700,000 Excise 422,658 Stamps 200,000 Bank Ta.\ 18,000 $1,340,658 w IV.— STATEMENT FOR 1862. Amount of provision required for 1862 , . , $5,152,008 Of which may be raised by loans, &c. : Militia— Armories $240,000 « Clothing 240,000 $480,000 Ottawa Buildings 700,000 Sei^norial Tenure 800,000 Redemptiou M. L. F 399,030 2,379,030 Deficit for 1862— imder existing laws 2,n%fifJ6 Receipts from new taxes, \ year I,340f668 Deficit— 1862 $1,438,320 Acquired to be raised by credit : — Permanent outlay $2,379^080 To be raised by the proposed Exchequer Bills •,.. $3,811,350 43 V.-STATEMENT FOR 1863, UNDER THE PROPOSED CHANGES. Revenue : Customs— Ordinary $4,000,000 Special increases 1,200,000 Increased Trade 750,000 Stamps 400,000 Excise— Ordinary and additional 1 ,250,000 Ordinary Kevenue, dEc 3,131,900 Bank Tax 36,000 $10,767,900 Erpenditure : Ordinary estimates $7,250,000 Militia 600,000 PuWic Works 500,000 Ocean and River Service 436,000 Seignorial Interest 160,000 Townships do 30,000 Collection of Revenue 1,370,500 10,246,500 Margin $521,400 VI.— MEMORANDUM TO ACCOMPANY THE PRECEDING TABLES. Adding to the population for 1861, viz : 2,507,657 3.47 per cent for increase for a year 87,015 We have as the population for 1862 2,594,672 Thus, betbre we exceed the debt and expenditure, per head, of 1858* when the population was 2,260,677, we may increaw our Debt to. . $63,006,000 And Expenditure to. . $10,251,900 • See Statistical Tables. w 44 r APPIilVDIX II ,wmmContiniied. TABLE siiowiNa the|Jnational dkiits of several European codntries and the ANNUAL CHARGES DUE THERETO. Mainly abridged from Maurice Block^s Statistiques de la France. Country. Year. Capital of Debt. Annual charge. Per cent, of all public expenditure. Charge for each inhabitant. Great Britain France •......•. 1857 u It t< (( (t .£796,614,000 333,370,000 186,041,666 36,337,500 94,010,416 26,916,666 £27,807,291 12,312,673 7,630,874 1,929,687 2,041,929 1,629,109 31.98 16.20 27.00 11.00 46.04 28.02 £0 19 m 6 9i Austria PniSiii-i Holland Belgium 4 Oi 1 Hi 12 6 5i Canada 1861 .£11,665,295 Stg. £657,291 35.87 £0 5 2i United States 1862 [conjectural] £200,000,000 £16,000,000 75.00 £0 16 The figures, having undergone several reductions, from francs to pounds, &c., may not be exactly correct, though they are relatively so. Table showing the Annual Expenditures of several of the European Countries. Country. Year. Expenditure. Per head, Stg. Great Britain .... 1860 £72,578,632 francs. 1,825,854,379 florins. 386,047,100 thalers. 130,615,255 guilders. 86,535,264 francs. 191,225,990 £2 8 9 France [as per budget] fr. 601=£1 19 1! J Austria .... fl. 11=£1 2 4i Prussia .... ............... th. 7J— £1 1 8i Holland gl. 243=£2 1 3 fr. 41— £1 12 5J Belgium .... Canada 1861 $9,318,180 $3 71=£0 14 lOi This Table is calculated from figJires supplied by Mr. Horn, in his " Annuair* du Credit PniliCi 1862.'* The British and Canadian expenditures are from official documents. The Canadian expenditure is the " ordinary expenditure " for the year. 45 may not Stg. 2 8 9 1 19 m 1 2 4i 1 1 8i 2 1 3 1 12 5i 9 14 m fp. APPEllVDIX II .^Continued. TABLE SHOWING THE EXPENDITURES OF SEVERAL OF THE BRITISH COLONIES. Colony. Canada New Brunswick. Novo Scotia. . . < P. E. Island.. . . Newfoundland . . Population c 8 New South Wales . Victoria Queensland.. . . . . South Australia. . . Tasmania New Zealand, whites. Cape of Good Hope j ^,^,,j jg^'g^^ j r«vi«n S White 4,857 ) '^•^y*'" } Col'd. 1,722,957 \ Mauritius l^X' ,!i^5| u^«„ K-on,r < White 1,034^ Hong Kong.. . . . j ^.^j,^ gg^g^, ^ Bermudas Bahamas. J*™«'<=* SSu sets?! Guiana 2,507,657 252,000 330,857 71,496 122,638 342,062 504,519 30,000 1 18,665 84,000 69,328 267,096 1,727,814 238,363 86,941 10,982 27,519 377,343 127,695 Expendi- ture. 4> 1861 ISGl 1861 1856 1857 1858 1858 1861 1858 1858 1858 1856 1858 1857 1859 1851 1844 1851 £ 1,863,636 161,800 203,500 28,846 173,965 1,571,363 2,365,856 197,663 543,025 560,488 341,655 494,989 698,268 572,479 72,390 • 18,180 29,457 262,142 272,132 1861 1861 1861 1858 1858 1858 1858 1861 1858 1858 1858 Per head. £ 8. d. 14 lOi Stg. 12 10 12 3^ 8 Oi 1 S 4^ 4 11 104 4 13 9i 6 11 6i 4 11 6i 6 13 5i 5 15 2 1858 1 17 Oi 1859 1859 1860 1859 1857 1859 1858 8 1 2 8 Oi 16 7J 1 13 l;'f 1 1 4^ 13 lOJ 2 2 7i This table is compiled from the « Colonial Office List, 1862, by Wm. C. Sargeaunt and Arthur N. Rich, of the Colonial Oflice." The figures for Canada, New Brunswick and Nova Scotia are from Official Statements. ;;l, l'< il 46 APPEIVDIX II ,mmContinutd. TABLE SHOWING TUE HELATION BETWEEN THE POPULATION AND DEBT OF CANADA f Oft TEN YEARS PAST. m Population, as per census, lS&2 1,842,265. Do. 1861 2,507,657. This '} an annual increase of about 3.47 per. ct., and the population of the Country in each year may be taken as under : la 1862 1,842,265 Increase 63,926 In 1853 1,906,191 Increase 66,145 In 1854 1,972,336 Increase 68,440 In 1855 2,040,776 Increase 70,815 In 1856 2,111,591 Increase 73,292 In 1857 2,184,863 Increase 76^14 In 1858 2,260,677 Increase 78,446 In 1859 2,339,123 Increase • 81,168 In 1860 2,420,291 Increase 83,984 Accumulated errer 3,382 In 1861 3,607,667 Taking these figures, we have the following : P\ Year. 1852 1853 1854 1855 18C3 1857 1858. 1859 1860 1861 W I ■ ■ ■- ■IM.I — M Year. 1858 1881 Year. 1858 1861 Population. 1,842,265 1,906,191 1,972,336 2,040,776 2,111,591 2,184,863 2,260,677 2,339,123 2,420,291 2,507,657 Debt. $22,355,413 29,922,752 38,861,833 45,855,217 48,757,619 52,334,911 54,892,405 64,142,044 58,392,469 58,326,478 Population. 2,260,677 2,507,657 Interest on Debt. * $3,030,899 3,286,467 per head. $12 13 15 68 19 61 32 47 33 09 23 97 24 39 33 10 34 08 33 31 per head. $1 34 1 31 Population. Expenditure, ordinary, per bead.f 2,260,677 $8,939,809 $3 96 2,507,657 9,318,180 3 71 it ■ * Charges taken from Auditor's Statements : In 1861, to $3,130,988 Add, 155,469 $3,286,457 Unfunded. t The saving of 24 cents per head on a population of 2,507,657 is equal to $601,837 68. 47 APPENDIX II .^Cotuinued. ^ lNaba rot per head. $12 13 16 68 19 61 22 47 23 09 23 97 24 39 23 10 24 08 23 21 per head. $1 34 1 31 per head.f $3 95 3 71 1 1 48 APPKIVDIX II ,'^Car nnit roileil, say $30 « innnufactured Leather, sole and bend Molasses, 20 cts. per gallon Paints, [white and red lead,] 6 cts. . . ^".\Ztt.:::::.\:: :::::: Silks, Satins, Velvets, ^c Spices — Cinnamon, say 20 cts Cloves 10 '( Ginger, root. .. 15 « . . Nutmegs 40 " Spirits Sugar, refined, 7 cts. per lb " raw, 5i « Tea 34 «« Wine Woollens , « American Taritl'. 30 p. c 5 ct. per lb , Varying from 30 to . 5 cts. per lb Varying from 10 to , $6 per ton , $15 « , 6 cts. per gallon . . . 2| cts. per lb 18 cts. per 100 lbs. . 12 cts. " « .. Varying from 30 to. 30 =42 50 =83 30 30 =75 =50 30 30 =30 =36 40 20 cts, 8 " 3 « 25 « per lb . (C =100 =80 =20 =62 50 =71 =45 =59 50 25 per cent, and 12 cts. per lb.=40 6 eta. iMjr lb , 20 cts, Canadian. 20 per cent. 25 «« 10 « 20 « 20 « 25 average. 20 « Free. 10 « 10&20" 20- « |5 « 10 «« Free. 20 « cc K 30 20 20 30 51 1 average 25 ■ 15 10 20 20 (t (C cc ce The American Tariff taken is the Morrill Tariff, as amended in August and December^ 1S61. The Canadian duties are those now in force. The valuation of most of the articles is from our own Trade and Navigation Returns. Quebec : — Printed by S. Derbishire & G. Desbarats, Printer to the Queea's Most Excellent Majesty. TO THE inadian. per cent. (( (C (( (( average. (( e. <( c20« (( (( IS e. (( (( \ average I « I « I « [)ecemberj ho articles A.TS, 1 -i