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Tous les autres exemplaires originaux sont filmds en commandant par la premiere page qui comporte une empreinte d'impression ou d'illustration et en terminant par la dernidre page qui comporte une telle empreinte. Un des symboles suivants apparaitra sur Ja derniAre image de cheque microfiche, selon le cas: le symbole — ^ signifie "A SUIVRE", le symbole V signifie "FIN". Les cartes, planches, tableaux, etc., peuvent §tre filmto 6 des taux de reduction diffdrents. Lorsque le document est trop grand pour dtre reproduit en un seul cliche, il est filmd 6 partir de Tangle sup^rieur gauche, de gauche 6 droite, et de haut en bas, en prenant le nombre d'imases n^cessaire. Les diagrammes suivants iilustrent la m^thode. 1 2 3 4 5 6 I M^ - FINANOIAL^TATEMENT J"' ^^ HONOt ^^^tj^. JOHN ROSE, '>-'J$'tSTER OF FIN/.\CE, CANADA, SUBMITTED 7th DECEMBER, 1867: WITH .^^PElSrDIO ES, SHEWING : A.— Abstract of Cash Receipts and Expenditure of the Dcminion of Canada, from 1st July to 30th November, 1867. B.— Detailed Statement, of th3 Revenue an;'. Expenditure of the Dominion of Canada, :n Canada, in- cluding arrears of 18f)6-7, for the five months ended 30th November, 1867. C— Detailed Statement of the Revenue and Expenditure of the Dominion of Canada, in Nova Scotia including arrears of 18G6-7, for the five montha enucd 30th November, 1807. D .—Detailed Statement of the Revenue and Expenditure of the Dominion of Canada, in New Brung- wic'c, including arrears of 1800-7, for the five montha ond-id 30th November. 18G7. E.— Statement of Local Revenue and Expenditure of the Province of Ontario, as received and paid out by the Dominion of Canada, for the five months ended 30th November, 1807. P. — Stitementof Local Revenue and Expenditure of the Province of Quebec, as received and paid out by the Dominion of Canada, for the live months ended 3iHh November, 1807. And a Statement of the Receipts and Payments of the late Province of Canada, for (he vear cndine 30:h June, 1867. ' ^ i ^ (!) 1 1 a U) a : PRINTED BY HUNTER, ROSE & rOMPANY. 1867. I t'l' M m >» ly ' f >> »i iii>> i» »i»>i> > »>i> m i M> >» > j'n , I HI ^" i jm M"f »» l H > 1 l'» H >T»>»> » '» wm iy I FINANCIAL STATEMENT or THE HONORABLE JOHN ROSE, MLVISTER OF FINANCE, CANADA, SUBMITTED 7tii DECEMBER, 1867 WITH A. H.— C. I). K.-, P.— An4,27f), having being read and referred : — Hon. John liosE said:— Mr. Speaker,— I feel that under the peculiar circumstances in which I now rise to address the House, I have great need of its forbearance. 1 .should have hesitated to accept the office of I^Iinistcr of Finance still more than I did, had I not been a.s,sured by honorable members on both sidos of it, that 1 should meet with every indulgence at their hands ; and 1 take this, the fir?t op- portunity I have had, of publicly cxpres- ^ to my friends on both sides of the House and from all parts of the Dominion, my thanks for these promises of support in the discharge of the duties devolving upon me. (Hear) 1 shall be as brief as possible in laying before ihe House a statement of the Finaiiciui Affairs of the Dominion, but it is necessary that I should go into this mutter at some length; and that the House may the better toiluw me 1 will state the order in which I intend to allude to the several points of this branch of my sub- ject. I will first advert to the Accounts of Canada proper— I mean Ontario and Quebec— fur the year ending the 3()th June, 181)0. I will then go on to consider the Accounts for the year ending 30th June, 1807, or rather the statement of affairs of that date, which was laid before the House last night, 1 shall then review the position of affairs, as altered by the new state of existence upon which we entered upon the 1st of July last. Next, I shall state what was the position of our Finances at the date Parliament met, or rather at the IJOth of November ultimo, with special reference to the floating liabilities, and to the way in which it is proposed to deal with them. And lastly, I shall lay before the House the estimated Income and Expenditure of the Dominion, from the 30th of June last to the 1st of July next. This, 1 think, is the proper arrangement of the subject. It will include Statements of the Accounts of the late Province of Canada, up to the date of its new Union, and of those of the Dominion lor the first year of its existence. (Hear.) The Public Accounts of 1805-6 are now in the possession of the Members of this House. Those for 1866-7 are not yet in a sufficiently forward state to bo distributed, but I will endeavor to see that during the recess they shall be forwarded to the members, so that they may have the details of the revenue and expenditure before them at the earliest possi- ble date. Meantime there has been prepared and distributed a general statement of revenue and expenditure for the year; Honorable member.s will tind, on examining the Accounts for 1865-6, that for the year ending 30th Junn, 1865-6, the receipts, from all sources, ot the late Province of Canada— now Ontario and Quebec— were $12,672,880 and that deducting the debentures «old, viz 40Q there were left as receipts of an ordinary kind 812,672,480 Financial Statement. [Ut Sest. The expcndituro for the same period was 812,418,105 but there was redeera- ed during the year of the Public Debt i].'];},!)"!) leaving, asoi-dinary expenditure of the year 12,082,120 shewing as a result, for the year ending 30th June, ISGO, a sur- plus of ordinary revenue of . . . . 8500,354 It is to be remarked, however, that in the ordinary expenditure of that year, were some very large items, whicli, strictly considered, are of an exceptional character. I need not go into details, but I need only advert to one item to prove this, whicli is:— For the M ilitia,8 1,040- Oj4-an unusual expenditure, occasioned by the difficulties of the year; and it must be satisfactory^ to this House, and a subject of congratulation to tlie country, that notwith- standing das exceptional expenditure, wo had a surplus ot revenue to the extent of $590,354 (Hear, hear ) I now come to the statement of Kevenue and Lxpenditurc for the year endin- JOth June last, which has been laid before tlie House, from which it will appear that the I gross receipts of the year were...81(;,400,13!) the gross payments being... 14,720,090 | 1 sliewing an apparent surplus of... $]/,7lOi<) liut in these receipts are included ' the proceeds of debentures and Provincial njtes issued during *te year 83,980,000 and in this expendi- ture is included the amount of Public Debt redeemed.... 1,813,117 2,173,783 shewing, in reality, a deficit of... 8502,734 It is, however, again to bo noted that in the expenditure of this year there are very larn-e exceptional it.ms, occa.>^ioned bv tlu- saine causes as in the year previous. "Tlie 3Iilitia expenditure liad to a certain extent to be con- sT^jfo'nl"? ^^V''^ ^^^*^-' >' amounted to 81,412,932. The House will also find put down under the head of Public Works an amount of which 8400,382 might have been charged to Capital Account, and in the Col- lection of Revenue is included the amount of duties refunded, largely owing to the circum- stances attending the introduction of the Tariff of last Session, viz. : 8270,427, so th:it the apparent deficit of 8502,734 is not of an alarming character— indeed, were it not for these three items of an exceptional kind, there would liave been a very fair surplus of revenue over expcndituro. I think it is but right that members of this House should understand this clearly, and I repeat that the amount of 81,412,912 for Militia is exceptionally large • *!<•'; oJf . '''""^"'' '""'■ ^'"''''° ^^'o''ks contains I $406,382 which midit have been charged to Capital instead of Kevenue, for it h hardly , luir to the present generation to pay out of I revenue for works destined to last for all time , to ^come ; and that much of the refund of ; i'270,427, charged in Collection of Kevenuo • arose out of circumstances connected with the I lariff. Resolutions of last Session, which are , liardiy likely to occur again. Notwithstanding these three items, Sir, it is gratifying to find I tliat the accounts of the la.st two years are of j so favorable a character as that whick I have ! just indicated to the House, and that instead of having a large deficit, we have had to bear a very large exceptional expenditure, and had I one year, a surplus of 8590,354, and the next a dcacit, all items charged, of only 8502,734 (Hear, hear.) This biings me down to the consideration of the state of affairs when, on the 1st July last, wc entered on our present constitutional arrangements, and it is perhaps necessary that I should refer for one moment to those leatures of the Union Act which aifect the money dealings of the Dominion. As the House IS aware, tho Dominion, when takin" possession of the revenue and of certain pro" perty of the four Provinces, also assumed certain obligations of those Provinces. It is stipulated lu the Union Act that the amou.^t of debt with which the Provinces should jro into the Union should be ^ For Ontario and (Quebec. ,$G2,50o'oOO For Nova Scotia 8,000,'oOO I'or New Brunswick 7,000,000 r . n , 877,500,000 It is further provided that tlic Dominion shall be liable for the obligations of the several Provinces at the time of the Union, no matter to what sum they may amount. Clause I'l says that " Canada shall be liable for (he debts and liabilities of each Province existing at the Union," which of course means even liabilities in excess of the amount of stipulated debt. The Dominion is bound, in addition ^1 P^y *'^° interest of this pubiic debt of 8 < 7,000,000 ; also, to pay the stipulated sub- sidies of 80 cents per head of the population of each Province, and besides, the supplemen- tary grant of m Ut Par.] Finanoial Statement. 880,000 to tho Province of Ontario. I 70,000 to the Province of Quebec. ii>0,000 to tho Province of Nova Scotia. .'")0,000 to the Province of New Brunswick. $200,000 New Brunswick rccoivinv; in addition tho sum of $(33,000 per annum for the consideration mentioned iu the Act. Besides all this— and I mention these details tiiat the House may correctly understand the diificalty which ex- ists in makinij up exact statements to be laid before it, of the outlay for which it will bo my duty to ask a vote at its hands— tho Dominion is bound to defray certain expenses of Civil Government— the salaries of the Lo- cal Governors, of tho Judges, and of all officers in the various Provinces who become officers of the Dominion. From these payments we have of course to deduct the interest on the excess of debt assumed ou behalf of any of the Pro- vinces. I now come to the next point in my pro- gramme—an account of the sums that have been received by the Dominion from the Ist July last, up to the latest hour to which I could place them in possession of the House, and also of the sums expended by the Do- minion " on Dominion account " — a phrase I shall hereafter often have to use. The state- ments of these amounts were finished late last evening, and are now in the liands of honor- ao!e members. With your permission. Sir I shall refer to the total sums iu oi Jer that the House may see the condition of tho income and expenditure of the Dominion as nearly as possible. I say as nearly as possible, because tliere no doubt are on both sides of the ac- count some items which do not properly belong to the Dominion, but to the se- veral Provinces. Tho machinery of Govern- ment lias, in many cases, been carried on smce the 1st July last by Dominion officers, born for the Dominiot. and for the Local Go- vernments, and items of revenue and expendi- ture belonging to the several I'rovinces have found their way into the accounts of the Do- minion. These will, however, all have to be ac- counted for when a final adjustment is made and may have to bo refunded to the Provinces as being either arrears belonging to them, or proceed.s of local property, or included in tho debt. This is peculiarly the case in re-'ard to the Provinces of Ontario and Quebec'^ for which the Dominion oflieers at the head of the Government have performed for some time functions which may hereafter have to be per- formed by their own officers. For example, the trown Lands accounts for these Provinces have boon brought into tho Dominion ac- counts, but they will all form the subject of adjustment when tho arbitration between On- tario and Quebec takes place. (Hear) Tho first account, marked A, is an abstract of tho cash receipts and expenditure from all sources rom tho 1st July to tho JiOth November, ibbT, that 18, a statement of all tho oa.sh which has gone into thn public chest, whether on dominion account proper, or on account of the Dominion as acting f»r local funds. The totals shew that tho amount received since tho ^f.-^^'y 'f-, 67,427,615 w.'ule tin total amount paid out during tho same period is .'),323,085 leaving au apparent surplus of revenue over expenditure of... $2,104 530 but in this expenditure, it will be perceived, all the large payments which occur periodi- dica ly are not included, of which tho prin- cipal IS the interest on the Public Debt, pay- ments which have since in a great measure absorbed this surplus. Hon. Mr. Holton- Do these receipts in- c ude the cash balances handed over to the Dominion by the pre-existing Governments? Hon. Mr. Kobe— I kavo purposely ex- cluded cash balances, which would complicate the statement. I desire to keep them out of the account for the present. Hon. Mr. Holton— It is better to do so 1 simply ask for information. ' Hon. Mr. Kohe— Having thus oxplaine. statement A, I proceed to remark that stat' ment B shews in detail tho receipts and ex ponditure in Canada— that is the Province of Ontario and Quebec— which have entered Jito statement A, that is to say — JJ^^'^'Pt'' 85,922,750 l"y'"«^'it8. 2,950,592 Surplus $2,972"^ Statement C gives in detail the receipts and payments in Nova Scotia, and a glance at it shews as JJ^ceipts 8769,689 i'^yueut* 580,414 leaving an apparent surplus of $219 275 But since then, there has ' been advanced on ac- count of tho subsidy to be paid to Nova Scotia.. 83 17,44y And there has been paid fur interest due to the Messrs. Baring 242 428 — 559,877 6 Financial Statement. [Xtt Stm. From which if we deduct the sur- plus of rotcipts just mentioned wo shall find that Nova 8cotia has at this time received an aJ- ,„,yanomi:]ion [Ut Seas. sir, vould at I should ed notice of present the ources, and ant of the •CO ; there icomo from 10 accounts tal amount f the Pro- ..§130,597 10 .. 488,960 u- )t' Quebec, from local 8107,.li76 c )• .. 397,499 II — T hope ulil follow e accounts rious Pro- h Novcui- to advert JtMints. I virif^ soirio for a cor- ill be laid • lio honor- :p!anation !h appciir IICCH. on which s irt just fe of the ble suras iwic'k and ous year's niged to bey have P the I)o- iitcd for weeii the are final- '1, there I Legisla- tlie !,UU9 for "Construction of Hallways." Is that tho i (rovcrnment Hail way, or is the amonut con- uecteu with the subsidy account? Hon. Mr. Hose. — It is charg, d to the con- struction uccouut of cjurse, it; order that there should be a correct exhibit if the an- nual charges, what I may call tho revenue charges upon the Dominion. It wil' bo very necessary for us to keep an exact account of what has been spent on capitid or con- strnction account, to distinguish it from what are permanent charges on the Domini jn. The House will SCO more clearly the L;ce of this distinction when I com; to explain the esti- mates of the current year, in which there arc i large items on account of the construction of, public works going on in the Lower Pro- ' vinces. These of course will not be of the i nature of a permanent charge on the Domiu- I ion. ' Hoi. Mr. HoLTON. — When I put a ques- tion a little ago to the honorable gentleman, I had special reference to the arrears of th old Province of Canada, §1,040,005 on the one side, and 8569,103 on the other. Per- haps, in explaining these figures, he might say whether they affect in any manner t! e estimate be gave of th ■ surplus for the year ending June, 1867. ^ Hon. Mr. Rose.— No, they do not. Now, Sir, having brought before the IIousj the state of the income and cxpcud-.ture to the Ibt July last, it becomes my duty to state what is the actual condition of our en- i gagements at the present moment— iu other words what is now the floating debt of the Dominion ; and, in connection with that, T shall state to the House the course which I propose to take in deiiling with that floating debt. As my lionorabic friend opposite (Flon. Mr. Ilolton) is well nwars, this is the accumulation of a good many years The state of political parties, and various events to which I need not now allude, have rolled ,ip its amount o;ie year after another. I shall now endeavor to state to the Iloust the pre- cise amount of that floating debt on account of all the Provinces. The account is not made up to the 30cL November but lo the 3l8t October, as it was necessary to ineludo tlu stati} of our accounts with our financial agents in London. There was then due to the fiscal agents in England on Canada account — on account of what arc now Ontario and Quebec 82,404,115 There was duo ti the fiscal agents ^^ of the Prcineo of Nova Scotia. 1,. 3 12,7 40 There was duo to the fiscal agents of the Province of New Bruns- wick,, one account of... §112,010 and another, since paid, of 151,970 making together, on account of New Brunswick 203,980 being a total sum due to the fiscal agents in England of ....*... §3,980,835 There was due in Canada, to the Bank of Montreal 2,575,000 and a further sum on the redemp- tion of circulation, of. §356,000 from which, however, are to bo deducted bonds the Province re- ceives OD paying that amount 200,980 149,080 making the total sum due to the B".nkof Montreal §2,724,080 Then there is on account of the Sinking Fund, which is of course properly chargeable to le- venue, but which has found its way into the accounts of the fiscal agents, the sum of §200,980. The floating debt then is as follows : Due fiscal agents §3,980,835 Duo Bank of Montreal 2,724,086 Sinking Fund account 206,980 Total §0,911,901 Mr. C.\UTWuioiiT— Is that exclusive of the Provincial notes and debentures ? Hon. Mr. Rose— Yes. I will now state to the House the mode in which the Government Financial JStatcment [Ut Sess. propose to deal with this floating debt In tha first place, there are certain assets wi,;nlf.r Sf,?"'S,''™'J""'"'"<'™We amount lu tho aggregate, which, if all colleotal ^3 siderab e sum, I am satisfied, which wnih." the D».'i„i„„, JZ"ut pay higtlL'' o( interest on its floatiD-. dob* to rllS .k ^ .im to be mad ;S them "■ ZVTr ;ea^'tir?r:rsii^eTo^rrt,','a^ s5;^S^l?'"?t^-"---! Uc proposed himself to turn Iiis attenliol o ' them «ome years ago. The Grea Wostein Railway owes a large sum, and sev-er i o hn^ indebted in very considerable sums/ terrun't' S'l^^'^''^-^ '^^ "^'^ desire to in- aSe{'f. n f- T","'^ ^'^' t« ^«k whether he r owl /< ^^""^^ P'^°° between (Tpper and aBJmilrdrr-'^"'''""'^''''-'^- Hon. Jlr R„si._i j„ „„i ; I '"' ™ '"!«'»!=' "Vthing for the DomiS I ~|^!iSoSt^-»r ..£-^^Se'^&^C7n-5"^S- Hon. Mr. Kose.— Yes , Baok^v Sper"si;;rot\*'"' '» '-= ||.5it7ei4'Vnri*L-|,^- te"^2^'t;d^a£^ Dom bfon t ' M 'T '^'' ""^ ^^' ^ t^e i thT k u'LTl-'' ^^^•^«.fl°«t^''g d'ebt. And that S«r. "■ ^°^ "»'^* "* o°ce to say n" out f 7f "":• "\^'' '^^'^ contemplate bring^ ing out a domestic ban which shill in «!r way interfere with the oommer ial o b "nk n^ i i do'I^ tf t -T'^y- ^' "»« present timf deplete ll,^ ''•'™"'? ^'^ ^'«° *^ ^^t^n^Pt^o jepietetle deposits which are in the iJanks Ilmvr I? ^^ very considerable sum which I 1 abiHh-/'''f '" ^^ "°^ ^"« «" the Cfng Errdnir„v^^'-^--?(H- House Jl • f ^'^'''^ ''^ "0 •^oubt the propovl T P" ;"l'^ ">e, in considering the ' bSfv fS ' J"^ ^'^^''^^ '''' *•»"' i' will u Mcatly lor the advantage of this eountrv -radu l'lvr°^'?/ «f'^''"-debt should Ye' ' ~(he r^iS.^''^^ ^^ '^'' ?''P^' «^tbe country I tere M',;t .; ITm''""'.': '' Si^--^^ tbc:n an in in ' o I ° '''^''''^ "* ""r institutions, and Hoar S7 \"?"?^^'"«»t of public affai s W4' lo J;^ "^^ '^'^^Fopose to resort to a ^orei^n Joan, because, although we misrht in fdvanf, '''r^ ,'^'oad, app^^ently hlVtS set vef^w, " ^''' T «* interest at the „ut m ssfon: u"" ^°" 'f' ''''' ««°°""t the com- ' cTarTes ' ' "" ''''^^'"^''' '^"^ "" ^he other i&'Vijirto'teiLti'^'fX cial Notes issued since the Ist Julv Thorn IS a statement ♦hat S'Ml't '-nn ^' , '^? during the .revion, v:.;^^^l; .f_,)^f^« P'i'^^d the statements i,ssu;d-by the G:;^^^^^^^^ Th [ht Se88. of various corn- Government, Such as the lia- and Northern little besides. I there is the t. ibiy so. Now. general terms far as can be nsideration to are due to the ) the various propose deal- ing debt. And at once to say 2m pi ate bring- shall in any al or banking present time to attempt to 1 the iJanks, an to the Go- sum wliich I the floating that the ad- very much •ne. (Hear, 10 doubt the sidering the that it will his country, ^ fihould be "the country ;hc:n an in- 'utions, and blic affairs. I resort to a e might, in y have the at the out- it the com- the other I', I do not to balance, of getting here, than I will now me of the )so to deal 3e any re- Provin- '. There re pl;ioed now Irom aent, that Itt Par.] I Financial, Statement. 9 there has been a considerable enlargement since in the circulation of those notes. Hon. Mr. Rose.— Not a great deal since July. Hon. Mr. Hoi,ton.— A couple of millions? Hon. 3Ir. Rose.— No, T should be very glad if there had been, it would have very considerably reduced the amount of the float- ing debt. (Hear, hear.) I will give the reasons again why I think it would be unwise to attempt at once and hastily to absurb thi.s amount by means of a loan at the present mo- ment. A great proportion of the money which iH now waiting for investment, is in the TJanks on deposit mostly at interest. No doubt there IS a very large sum of money invested in mort- gages and other securities, which would gra- dually come in if proper lacilities were given to be invested on Government account. Kut to attempt at this moment to issue debentures to the extent that would be sufficient to wine out this floating debt, would necessarily take out of the hands of the banks the money on deposit at interest. If it were understood such a course was to be resorted to, the Govern- 1 nient would come into competition with the Banks for that money, and if the i Banks understood their deposits were to be i depleted, they would not venture to < !ve the ' commercial community the usual facilities for making purchases for their .spring importa- tions. The result would be st to paralyse the commercial interests, that it mlHit act very injuriously on the rovonue w?fh re- Icrencc to the importations in the succeeding months. Merchants, unless they knew tha^ they would get iacilities for the purcha.se of exchange, and that they would get enough rom the Banks to conduct their ordinary business, would hardly hazard involving them- selves m obligations which they mi-ht be unable to meet. (FIear,hear.) Now, if you look to the aniounts on deposit at interest in the various Jank.s, in the i.tc l>rovince of Canada, I you will find them ranging from ISOL' to' S(.7, between «!»,000,000 and $1(!,0()(),U00 < he, amount deposited in the Banks in' Canada, in July, 1HG7, was Sir,,i);Vl 2[7 lu iNew Brunswick (part returns) 005,029 „,,. r '"^al.. §;i7,->r),!»57 Ihi.s, I presume, included the amount in 1.0 Savings branches attached to chartered Janks ui Canada. To take from £ deposits a sum sufficient extinguish the fl ^t >ng debt, would, I think, be ini,.di..i":!! Ihere arc other very considerable sunis,"how- cvcr, ,n the country, which individual., trul I tees and others, would be glad to invest in . 'government securities. Wc propose to take [power, in a form which I will explain I more fully hereafter, when I ask the as.scnt !ol the Hou,se to the measures that will be introduced, to create a Dominion Stock, in which trustees, executors, corporations, the (|0urt ot (Jhancery and others having the charge of trust moneys, may be able to make their investments. I believe a very large amount may begot in this way, without our doincr anything to bring about a crisis, and, if the measure bo made eftectivc— and not merely a nominal one, appearing in the Statute book— I believe the parties I liavc referred to will make use of the stock for investing their money, and that no small proportion of our ludebtncss will bo gradually absorbed in that way. (Hear, hear.) We propose also to give iacihtics for the purchase of Terminable Annuities. There is no doubt that as the wealih of the country increases, there is a I large demand- and the statistics of Insurance Companies shew it— for this kind of annuitie.s, and that there are many individuals in the I country who would rather purchase annuities I tor their lives, or tho.'^e of their children, on Government Security, on a basis of (I per cent, than purchase them from private companies on a basis of 2 or 3 per cent. And I have little doubt this, if the system be properly gone mto, a large sum of money will, at no very remote time, be made available to the Covcrnmcnt by this measure. J?ut there is a third way, in which wo believe that an ad- ditional sum will be obtained, and th.it is by the extension oftheprinciplc of Savings Banks. If there is anything which it is the duty of a Government to encourage and to provide for, It IS, I think, to provide ibr the savings, and : to encourage habits of economy and thrift on I the part of its population. If there is any class of securities which ought to be put I beyond the reach of possible contingencies, it , IS the savings of the poor in small sums. In j every country where Government have taken I Savings Banks under their protection, and have administered them themselves, we find that the amount of deposits, and the number of depositors, in proportion to the population, are increased. Now, what is at present the Sav- ings Bank system of this country— of the late 1 royince of Canada ? It is partly conducted by the incorporation of particular institutions, or a branch is organised, by other Banks, for he receipt of [small savings, without any con- <•! w,mtever,aad these small savings enter into he orduiary accounts of the Banks themselves. "ut in Nova Scotia [and New Brunswick, where I 10 Financial Statement. [l8« Seu. the Savings Bank system is administei-cd by the Government, and under its control, and the deposits are guaranteed by Government, we find a much larger amount of deposits than IS found m the; Savings Banks of Canada, both in proportion to the populction, and per head of the depositors. I ask the attention of the House to the facts I am about to state in reference to the working of the Savings Banks m those Provinces. According to the latest returns, there were in the Savings Banks of Nova Scotm, deposits to the amount of $643,- b4ft, and in those of New Brunswick, $768,159 maKing a total of deposits in Savings Banks in those two Provinces of $1,411,804, placed there by 8,412 depositors. Now in Canada II J-T .statement for the Lower Provinces. (Hear, hear.) I have now men- tioned three modes by which money may be obtained, towards diminishing the floating debt— the creation of permanent stock, avaiU able for trust purposes— the creation of ter- minable annuities— and Savings Banks. I may mention, with reference to Savings Banks, that in England, where they are under Government control, the deposits arc now no less than £45,438,000, viz. : £!),fi2(;,- £3{),812,000 in the other Savings Banks In view of these figures, I think the House ^J.. °T''.,'^'*''"'° 'hat a judicious extension ot the facihti. •< by which small savings may be made productive on the security of the Go- vernment, is highly important. (Hear, hear.) .here is another mode by which the (Jovern- ment think a not inconsiderable amount of money may be obtained. And it is not merely lor the purpose of meeting the immediate re- quirements of the Government, but for the higher object of giving security to the public, that my attention has been directed towards it. 1 refer to causing Life Assurance Companies to give the same guarautees which are now given m the ease of Fire Assurance Companies. As the House is aware, the guarantee of a deposit of Government securities is given to those who insure with Fire Companies. Lut, though the necessity is much greater that a guar-ntec should be given by Life Assurance Companies, there is no corresponding provision applicable to them. 1 here is at this moment deposited with the (government by Fire Assurance Com- panies, as a guarantee for those who deal with them, «88lt,548, of which there arc in Canada Government securities. 8085,972. This is by fifteen or sixteen Fire Insurance Companies. I here are, I tlunk, not less than twenty-four I.Ue Assurance Companies, which are now do- ing a large business in Canada, and on whoso solvency the comfort of many families in fu- ture years is dependent. If the same pro- vision V, rxtt-nded to Lifo AwBurancc Com- panies which exists now with reference to list Sees. l8t Par.] Financial Statement. 11 k the hon. gen- )rming an csti- J means at my jortion of the atcd iti their lat I have any ut merely that srablc item. le other hand ty deposits in and these are for the Lower avc now men- money may be the floating t stock, avail- eation of ter- ;s Banks. I to Savings ere they are deposits arc riz.: £!),62(;,- s Banks, and vings Banks, nk the House ious extension savings may ity of the Go- (Ilear, hear.) the (jfovern- e amoimt of is not merely mmediate re- but for the to the public, 3d towards it. Companies ire now given npanies. As 1 of a deposit to those who Llut, though 1 a guar-.ntcc ! Companies, m applicable !nt (Jepo.sited urance Com- bo deal with •e in Canada This is by ! Companies, twenty-four are now do- nd on whoso uilies in fu- 3 same pro- ranee Com- rcferonce to Fire Assurance Companies, I have no doubt the more substantial Companies would gladly avail themselves of the opportunity of invest- ing such a sum of money as the Legislature may require of them, as a guarantee for their solvency and the security of those who in- vest in them. (Hear, hear.) There is still another way in which I think some portion of this debt may be met, and that is by the gradual extension of the circulation of Pro- vincial Notes. Hon. Mr. IIolton — Hear, hear. Hon. Mr. llosE — I suppose my hon. friend is gratified at the prospect which exists of reducing our liabilities in some degree by the expansion of that circulation. I am pleased to be able to inform him that while — when the system began under the Act of last Session— the circulation in September, 18G(J, was but 1J» per cent, of the total Bank circulation, it has gone gvadualiy up, until il has become 28 per C3nt. of the total circulation. Hon. Mr. Holton— Shewing that there is an increase since July. Hon. Mr. Hose— That was the amount in July. Since then, the Provincial Note circu- lation has increased, I think, about 8'.' 00,000, but the circulation of the Banks has increased in a larger ratio. There has been, however, a gradual and systematic expansion of the circulation of Provincial Notes. I have indi- cated then these five different ways, and there is one other which I can now do no more than hint at — the use of Exchequer Bills on certain conditions, connected with some pro- vision with reference to silver. Enquiries are now being instituted, and it would be premature to state anything with reference t« the measure or the plan which is being considered. 1 would .pimply say in connection with this, that if the information which is obtained shews it can be done properly, we trust that silver may be made available in a way that will be both advantageous to the Government, and some relief to the public. (Hear, hear.) But, as enquiries in tv-'ference to that subject are only in course of being made, to go into the details now might defeat the object in view. I have thus referred to six difi'erent ways, in which 1 think the floating debt that will remain after the realisation of what is due to us may be met gradually, and without violence to any interest of the country. And I think it is certainly one of the first duties pressing on the Government, to get rid of its floating liabilities. It is not right that credits which were got to meet a more tonmorury neeessit" H.hould be turned into permanent loans. It is not a jadi- ciou.s or becoming a intion for the Government and its fiscal agents to be on. (Hear, hear.) I think one of our first duties — and I have no doubt the means the country will provide will enable us very soon to do it — is to absorb that floating debt. Until it is funded in some way •r other, I do not believe that the credit of the country will reach that level to which the good faith of our people and our resources properly entitle it. Once get rid of that, and you will no doubt be able to provide an ordi- nary revenue that will meet the ordinary ex- penditure. (Hear, hear.) Hon. Mr. Holton — Thsre is a point in connection with this, on which I think some explanation should be given — whether the ar- rangements between the Government and its creditors are such as will enable my honorable friend to take the necessary time to realise from all the various processes he has indicated, enough to meet his engagements. In other words, when are those engagements exigible by the creditors ? Hon. Mr. Rose — £ am glad my honorable friend has asked the question. On the 1st December, the Bank of Montreal loan for a little over $2,500,000 matured, rmd we have arranged for the renewal of that loan up to the 30th June next. (Hear, hear.) As regards the account with the fiscal agents, I have no doubt from the liberal spirit in which they have always met us that there will be no difficulty in extending our floating engagements for such a period as to bring them within the various processes I have mentioned. Hon. Mr. Holton— What rate of inter- est are we paying in England now ? Hon Mr. Kose — I think it is five percent. That is the minimum, so long as the Bank rate is below that amount. The interest in New Brunswick is, I believe, a fixed rate. Hon. Mr. Holton — I think the old rate was one per cent, above the Bank rate. Hon. Mr. Hose — I believe it is not so now. It iu but five per cent,, no matter how much the Bank rate my bo under that amount and the Bank rate, should that rate be above five per cent. My Hon. friend behind me, (Hon. Mr. Tupper,) mentions that in Nova Scotia it is also five per cent. I forgot to allude to the Bank balances, but 1 am happy to say to my Hon. friend opposite (Hon. Mr. Holton,) that, after providing for the January interest, which is now being remitted to Europe, there is a v( y considerable sum remaining, which the Government may, if its maturing en- gagements permit, be enabled to apply to ward.", tlio redaction of floating liabilitie.-i. ! do not know the exact sum remaining, but it is considerable. 12 Financial Statement I {\st Seas. Now, Sir, i come to what is, perhaps the „.ost interesting part «f my^ubj^c -the expenditure, and the ways and mJau8 ior the current year. (IJear, hear.) Icon fess that m dealing with this part of n,y Z- jeet I exrenence some difficulty. Of course in the position in which we now find ourselves, with many new engagements of various kinds iwZ^ M ^'"i^'" *'•'' *''" ''^"^^^ «f ^"Jva Sco! of (".n ,''' ^^Tr''^' ^" '^'^^^'''"^ to those Canada, and having yet to provide for bv tJ!?r.r*"" •'*■ *''" ^'''"""■■^ departments by the bills now in progress through Parlia- X"ent-.t IS very difficult, 1 say, u, der these circumstances, in the abs;nce of proper Dominion machinery, to get an ac- curate and re iable ostimate'of what the ex- penditure IS likely to be. I'erhaps the 1 ou'e w 1 pardon me if 1 read an extract from a etter of one of the most able and most inde- fatigable officers in the civil service of h s or any other country, Mv. Langton, who has been engaged in preparing these figures, and who points out so clearly the difficulties that he found m his way, that I am sure the House w appreciate them. But before I do so. f wil cal the attention of the House to the J^ode in wh .h the estimate in block ha been prepared and brought down. The Gov- ernment have arrived at the best conclusion they could under the circumstances, as to the wants of the current year maturiutr on the .'{Uth t\lZ\''?\ '^'"-■>' ^^^^^^n estimated amount .1 • ' "' '""^'^^''' ^^'*''' ^"•"' *« the amount which is unprovided for— what a- ScTofThnVf'-'-J to bo paid by some Act of the 1 ari.aments of the various Prov- inces— and the sum mentioned in His Ex- celleneys Mes.sage to the House is three- fourths of that estimate, to cover the expeu- ditun. r ti.e nine mouths endinir .'Ust of March next, which has not been provided for by some Aetof Pariian.ent. The (Jovernment lelt that It would not be right to ask for a geuera voteof credit forany longer period than when Purliatuent would be next in session, and therefore the vole of credit which the House IS asked to grant, is only to cover the outlay till the end of .March next, before which we hope to be able to place in po.ssession of the ilouse a detailrd statement of the services in all branches of the (Jovernment of the ' Dominion. ( Hear, hear.) Mr. Lungtoa's let- i *er IS as fo'ljows : — '•Al'DlT OlKiOE, OlTAWJi, , u-a II , ^'-'''- '"'''^- f^tJ'- »IK,-I have been endeavouring, accordiiu' to your uistructioiiH, lu prepare estiwatHs. In "th- usual Ion,,, iur tl,e ei.m,M,t year, hut 1 liud diffiuul- . Winch 1 beg to subrmt to you ; f„- ]'^ ! i°®^ not seem to bo distinctly ascer- amed whether the General Acta, under' which much of the expenditure of Canada has hitherto been authorized, continue in force for this Domi- nion. home Bills are now before the Hcu.se re- enacting existing Statutes, but others remain only on the Statute Jiooks of the late Province.ro f Canada, Nova Scotia and New Brunswick. I feel tlierefore, a constantly-recurring difhculty in deter' mining whether some particular contemplated ex- or not"'''' '■'-''l""-'-'^ to be placed on the Estimates " (2.) If this is the case in Canada proper, with the busine.ss of which I am familiar, it is nmch more so with regard to items peculiar to Nova Scotia and JSew Brunswick ; as I have no sufficient inloniiation as to what heads of expenditure were authorized there by (ieueral Acts, even if it be de- ciUed that such Acts remain in force for the Domi- nion. "(3.) It has not been decided with regard to many services, and it is ditficult to see how it can be decided until the arbitrator have met, whether hey are o be considered Dominion services, or are to l,e under the control of the Local Governments. (-1.) As far as Canada proper was concerned, 1 could, from past experience, form a very nea ■ e.stimate of what will be wanted under the several heads, and 1 knew--at any rate- to whom to apply T /-'^ '^^!;j"lo!"'='t""' ; I'lU when we have to in elude the Maritime Provinces, my own expei-ienre 13 at fault, and 1 imve found it very ditficult to ob- tain any information which can cerlainly be relied upon. *•••.»•' "'^"^"'^» "These dilhculties aie unavoidable, upon our suddenly tutenn- up„n a new state of National e.N^.3tence. 1 could, indeed, make an approximate e timate uuder ,,.,,.., al heads, which'would not difier much from what will he found necessary i„ practice, and I have done so; but iff were to en- or into any detail, I should certainly be found to Irnve ovei-estimated some and uuder-estimated other branches .jf the Public Service, it wi'l be come my special duty, as Auditor, to see th-if the expenditure is stiictly conlined within the Parlia- n.entaryvote,,; and I think it would be a L^reat mistake il, at the very commencement of the D„ mmion. impeifect I'l.stimates were submitted, as they necessarily would be. to which-in practice- it would be found impo.s.sible to adhere. de.'nl "ifiM"'"' '^^''•^■""'^t^'"''S I think that no detail .,oul( be attempted, but that the Kstimates should be submitted in round sums lor the j^enoral heads ol seivice, with a large margin for unfore- seen expenses :o,, what would be much better that a general Vote of (,'redit should be takt-n for a I necessary e.vpenditure up to-say the end of March— by which time Rstimates lor the whole year could be prepared in sulihient detail, shew iiig, in another column, what had been .•xpeuded loi- each service under the authority of the (iene,ul Vole, uj) to that dale. " 1 have the honor to be, " Vour obedient servant, ,,,.,, „ , ,, "John- La.votox, MheIoi,..|.KoHe "Auditor.'' "Minister of Finance.' the 1 list Seas. 5 distinctly ascen- ts, under which ida has hitherto 5 for this Domi- e the He-use, re- fers remain only :e Provinces of unswick. I feel, ifficulty in deter ontemplated ex- 1 the Estimates \st Par.] Financial Statement. 18 ida proper, with iliar, it is much iculiar to Nova ave no sufficient tpenditure were even if it be de- e for the Domi- with regard to see how it can e met, whether services, or are I Governments, vas concerned, Q a very near der the several whom to apply v/e have to in- iwn (>xperieiire ditficult to oh- aiiily he relied » • . ihle, upon our e of National II aj)proximal(' ich would not 1 necessary in '1 were to en- y be found tu iderestimated !. It will he > see that the ill the Parlia- I be a great lit of the Do submitted, as ill practice — re. Iiiiik that nil lit' Kstimates r the jrenoral II for unforc iiuch better, be taken for ly the end of r the whole detail, shew I'll expended the (ienerul int, l.NUTOX, Auditor.' i AVell, Sir, it is evident that the Governinent at this time have either to lay before the House ia detail, estimates, the reliability and accuracy of which they have no means of vouching for, or to ask that the sum con- sidered necessary for them to carry ou the public service lor nine months in the year be given them in bulk. I will now give a statement of the expenditure of the past upon it estimating the expenditure of the j .... .. .«^ ^ quesuon. lie is dealin-^ w future, and place the House in possession of! these as matters of ordinary expendiure ^ u knowledge o our wants. To the right I presume they will be refolded by the I' understanding ol this, however, it is necessary • " itiunueu oy ine I that I should mention that in the Lower Pro- vinces there are extensive public works goin" on, which were contracted I'or previously to the date of the Dominion. Some of these are railway works, some canal works and some public buildings. Portions of these may be found afterward to be merely local works, and others are works which will probably Ibrm part of those included as the property of the Do- minion, in the schedule attached to the Union Act, Of the rate of progress of these works, and of the probable demands upon theOovern- ment, it is quite impossible to form an accurate tures exceed these respective amounts the interest upon the excess ia to be deducted from the subsidies annually to bo paid to those Provinces by the Government of the Dominion. What I wisli to impress upon the House, then, is the uncertain character of the expenditure which the Government have to deal with, Hon, Mr. Ancslin— I do not wish to inter- rupt the honorable gentleman, but I should like to ask a question. He is dealing with ., -_,. and presume they will be refunded by the Pro- vinces to the Government of the Dominion, Hon. Mr. Rose— My lionorable friend is entirely mistaken as to my object. I am speaking now as to the amount of money we have to provide for this year, whether that money .will afterward be refunded or not. The people of the Dominion have to provide lor these expenditures whether they may after- wards or not be regarded as expenditures ou Construction or Capital Account or as Ordinary expenditure; and I shall distinguish, as I go on, between what I consider expenditure on Capital Account and Ordinary Expenditure. I have here a statement as nearly correct as we e.-^imate, and any' statement that m^^y''hii\ht^^<^lh^m^^^^o^^7x^^^^ oUered on these points can only be conjectural, i mated expenditure of the^ Don. ion, which 1 here is lor instance the railway from Truro I shall lay before the House — t Annapolis, in Is ova Scotia; there is also the j Interest on public debt....' §4,3(53,000 M. Peter s Canal, and there are various works I which is, of course a" .•••^-•»<>»<>A'^" in progress in New Brun.swick, upon whic. payments have to be made, according to the rate of progress, so that in providing" lor the services of the current year, it is, as I have said, only a conjecture to arrive at the liabilities which will accrue under this head. Mr. MACKfiNziK— In New Brunswick is there not a maximum amount for which the Government is liable .'' Hon. Mr. KosK—Ves, there is; but the Gov- ernment has to pay $25,000 for every §1 00,000 expended in the construction by the Company, so that a precise idea of the progress estimates ^;'unot be arrived at. Then there is, I think «:!00,000 of stock held by the (Jovernmcnt in the W^estern Kxtension of New Brunswick which may be called up. 1 1 depends, of course' upon the progress of expeuditure how soon the (.'ompany may require its means in order to i enable it to meet its engagements. These ex- • penditures are all going on, and umler the Onion Act the Government of the Dominion is bound to meet them, whether they come up to or exceed the 87,000,000 in the ca.se of New lirun.swick or $8,000,000 in the ca.se of Novi Scotia, which was .supp,,^.ed (o hxm the debt oj these Provinces when they entered the Cnion. If iu either case the tot:il expendi- , ail provided I'or by Act of Parliament. Charges of management, including premium, discount and ex- ^^'laug*-'-; 150,000 Sinking Fund to be provided for .*'»''* yt-^^r :iO(i,OSO Civil Government, including S3'J-1, 1»2G unprovided for, and includ- ing also the salaries of judges '\ in tho Lower Provinces and j other charges upon tho Civil Government which it is incum- bent upon the Dominion to meet 521,000 Administration of Justice •12!),000 Police, river, harbour and frontier (including the river and harbor police of Montreal, whose pay- ment will ultimately be a.ssum- ed either by the Government of (jiiebce or the Government of the Dominion) r)5,000 Penitentiary and llockjvood Asy- lum Legislation (of which there is $100,800 to bo provided for, the aniount [layable to members this session being, it is consid- ered, provided for by the Act 170,500 ■ 14 Financial Statement. [lit Sets. which has already passed) 575,000 Observatories, Toronto and Quebec (whether to bo continued by the Dominion or not is a matter for subsequent consideration). . 7,200 Geological survey 30,000 The appropriation under this head has hitherto been $20,000, but I propose to extend it this year to «30,000. Wc consider that the Lower Provinces in the develop- ment of their mineral resources ought to have the benefit of the experience of one of the ablest geologists of the age, Sir William Logan, and his talented assistant. Professor Hunt, than whom as men of science there are haiJiy any two others of greater £.bility. (Hear, hear.) Militia, marine and defensive ex- penditure 1,000,000 In this item is included the ex- penditure on gunboats, together with considerable other marine expenditure for defensive purpos- es; but T must call the attention of the House to the fact that a very large portion of this sum ii on capital account — that is to say, it will not have to bo made in subsequent years. The ordinary expenditure of the militia is $744, 240, including the service in Nova Scotia, New Brunswick and Can- ada, but there are other charges of a .special ch.ractcr which have to be met before the 1st of July next. For instance, equipments ior barracks amount to $150,000. This expenditure, as the House is aware, was incurred last year when au additional force of Ifer Majesty's troops was sent out for the defence of our iVontier. Uar- rack accommodation had to be pro- vided lor this force at a consiJer- able outlay, and although the accounts arc not adjusted, it is considered better to take the note. There have been stores purchased lo the amount of §200,000, a considerable portion of which remains on liand, includ- ing targets, clothing and eijuip- nients. Tliese exceptional items, iiiit. properly to be s/hargcd to the ordinary militia expenditure of the year, amount to $509,000 and will not have to be borne in suc- ceeding years. Mr. Mackenzie— Clothing will have to be provided. Hon. Mr. Rose — Not every year — only every three or four years. Hon. J. S. Macdonald — That depends upon the probability of active service. Hon. Mr. Rose— Yes, if unfor- tunately there should be a neces- s'ty for active service, this item would be increased, but I am sure there is not a member of this House who, if the active ser- vice of the militia should become necessary for the national exist- ence or for the peace and sp.fety of the people, would grudge the outlay. (Hear, hear.) If it should be necessary in order to protect our frontier and defend our homes, I am satisfied there is no member of the House who would raise an objection to the increased expenditure. The next item is Arts, Agriculture and Statistics, (a considerable part of which is exceptional expenditure in Nova Scotia) Emigration and quarantine Pensions (which have increa.sed in consequence of the events of last year) Public works aud buildings aud railways. And, now, here is the distinction 1 draw under this head. There is on construction or capital account an estimated expenditure In Canada of $491,000 In Nova Sco- tia of 912,000 In New Bruns- wick of 522,500 — making a to- tal on capi- tal account, not to be met out of the ordin- ary revenu- es of the year, of $1,925,500 Now, the current expen- diture on public works and buildings, main- tenance and repairs is, 12,000 50,000 53,750 [lit Sets. 12,000 50,000 53,750 I I ■I 3 1st Par.] Financial Statement. In Canada.... $207 ,000 In Nova Scotia 10,000 In New Bruns- wick .%000 — inaltinp; a to- tal of $222,000 The whole sum under this head being 2,147,500 Mr Mackenzie— By Canada I presume you mean the Provinces of Quebec and Ontario ? Hon. Mr. Eose — Yes. A good deal 6f the expenditure in these Provinces is on the canals, which are the property of the Dominion. A portion of these sums has been paid, but is included in the es- timates of the year. Mr. Mackenzie — Does that item include the expenditure on the Public Buildings here ? Hon. Mr. Rose — Yes, all that hap been expended on them since 1st of .luly last. There is a pro- povsed appropriation of ?491,000 for Canada, of which a consider- able amount is for expenditure on these buildings. Hon. Mr. Holton — Is the old appropriation exhausted ? Hon. Mr. Rose — Itisnc o be used. Mr. Mackenzie—I understand that but little more than half of it has been exhausted. Hon. Mr. Rose — I am glad that my honorable iricnd (Hon. iMr. Holton) put the question, becau.sc it gives me an opportunity of stat- ing a change proposed by the (}ov- crnmcnt which will give to Parlia- ment each year control over the ex- penditure of that year. By refer- ence to the public accounts of Can- ada it will be seen that there are upwards of -153.000,000 of old ap- propriations standing at the disposal 1)1' the various departments of tiic (J overmen t. Now, the course which tlie (Joveinnicnt think a proper 'ine to take in reference to them, in order that Parliament may have every year distinct and complete eontrol over the expenditure of tiiat year, is that at the beginning of every fiscal year the sums which have beeti appropriated and remain unexpended should be returned to the public chest, that the appropri- ation shall not be allowed to stand , but that a fresh vote for all expendi- turas shall be asked from Parlia- ment every year. (Hear, hear.) Mr. Mackenzie — That is the Bystem which prevails in England, and I am glad to see it adopted hero I expected to have found a state- ment of the unexpended appropri- ations in the papers which have been brought down. Hon. Mr. Rose — There is a statement of that kind. Mr. Mackenzie — We have not got it then. Hon. Mr. Rose — If the honor- able gentleman will refer to the Public Accounts of the Province of Canada for the year 1866, he will find that there were appropriations to the amount of $3,000,000 not then expended ; and in the Public Accounts for 1 867, when they arc brought down, the same unexpciid- ed appropriations will be found carried forward]. Hon. Mr. Holton — My honor- able friend states that the expen- diture on those buildings, forming a considerable portion ot the $491,- 000 for public works in Canada, is to be asked for now. I would like to know whether the former appropriation is exhausted ? Hon. Mr. MacDoiioali Of the appropriation made by the Leg- islature of the Province of Canad"i last J ear, there is a considerable unexpended balance, which, accord- ing to the principle just laid down by the Finance Minister, will be written off, and to meet whatever expenditure may be found neces- sary, a new appropriation will be asked from the House. Hun. Mr. Rose— My honorable friend (Hon. Mr. Holton) will sec that w- arc estimating the amount of expenditure from the 1st of July last to the 30th June, 1868, and that we propose to write off all ex- isting appropriations and start afresh from the 1st of .Inly last. (Hear, hear.) We will, therefore* ask the House for a vote to cover the total expenditure of this year, or rather the first nine months of it, whether the amount is included in the expenditure authorized by previous votes or not. This I think, is the correct principle to go upon, and one of which honorable 15 16 Financial Statement. ri«< Sets. gentlemen opposite will, I iniac;ino, recognize the propriety. (Hear, hear.) The next items are under the head of marine expenditure : — Provincial Kteamcrs, (^in- cluding subsidy pay- able to Nova Scotia on account of steamers in that Province) $ 7!),7l.'r> Light-houses, buoys, i^c. Ii4«),r)(>0 Fisheries 40,000 Marine Hospitals and dis- tressed Seamen, which are charges Jigainst the Dominion. „., 38,400 Subsidy to (). Steamers L'1S,000 Making a total on marine account of. Indemnities under Scignioriul Act ofl85!t This expenditure is, of course, to be met by the Dominion ; whether it is to be assumed by Jiower Ca- nada or not is to ho determined by the result (if tlie arbitration which will hereafter bo held under the provisions of the Union Act. Culling timber Kailway and Steamboat inspection! Indian fund and Indian annuities. i^Iiscellancous Collection of revenue, which is, of course, under various heads' as follows : — Customs (including sundry returned ,. .duties) §(;4:i,0()0 ™««-- 140,000 J"'^t ^^ffice 7^5,000 JMaintcnance of Public Works (including rail- ways, and collection of tion of revenue and management) 700,000 T will mention in connection 'witli this tliat we propose to estab- lish a different principle in dealiu" with the revenues of the r/iilways in New Brunswick from thatwhicli IS now in operation. These revenues are at present received by the proper officers, who.se duty it is to work the road.s, and only the net amount is paid into the treasury. ^V'e pi„. pose that in future the gross re- ceipts shall be paid in, and tiiat the Government shall make the neces- sary payments to the officials for thcii- saianes and Ibr the workiuji of the roads. (Hear, boor.) This 3622,025 200,000 05,000 0,000 181,000 1(12,000 is in accordance with the constitu- tional principle that all the revenues of the Government should be paid into the public chest, and not with deductions ibr the cost of collection or management. Wc include there- fore in this item of 55700,000 §120,000 as the cost of working the railways in New Brunswick. Minor expenditures 10,000 I Total collection of revenue $2,228 000 The final items to bo added are * the subsidies stipulated to be paid to the Provinces by the Act of Union, viz. : — To Ontario 81,196,872 Quebec 050,252 xN'ova Scotia .'526,685 New Brunswick... . ;{14,6;)7 Total subsidies $2,797,44(5 Less interest payable by Ontario and (juebeo on 88^,700,000. by which sum the debt of Canada is estima- to exceed 862,500,- '^'^^•^•••- 435,00 Net subsidies 82,1562,446 . hesc Items together make out a total possible expenditure for the ,>;««••»*; 816,226,801 Deduct from this, however, the items which I have stated to the House properly belong to construction or capital account, which amount to 1025,000 Ijcaving the ordinary estimated ex- '' "'- pcnditure of theyear 14,;J01,;501 Now, sir, let me close this branch - - of my statement by saying that of all this expenditure the items, ac- cording to the best information the Auditor has been able to get, which arc not provided for by Acts of Parliament, amount to 87,019,730 Oi which three-fourths, to cover the expenditure for nine months, IS the sum mentioned in the iiics.sagc from His K.xcclIoncy the Uovernor General to the House. 85 264 "70 ouse an ■''e cs- I now proceed, Sir, to lay before the H... estimate ol the revenue of the year W timato the revenue from— ''"""«« •..■.■.■.:.:.:■::;:;.*... ;,,.,,m fist Sets. istihi- rennes 3 paid t with cction there- 0,000 J-:; the ^000 $2,228,000 i are paid 3t of ),872 1,<)85 ,6;}7 ,440 5,00 ..«2,;i62,446 Lit a the ...$Ui,22(i,801 the 1 to to Lint, .... 1,025,000 ex- ....i4,;joi,;{oi ncli t of ac- thc ich of ....S7,010,73!t vcr h.s, he lliC ic.85,264,27L» the House an fear. We cs- ^SI2,121,:I00 ... r)Oo,ooo ! f isf Par.] B'lnaneial /Statement, 17 Ocean postage (tvhich varies very mucli) r,^.xnn '^,?n-Wr. Rose— Ves, including,' the ex- W7 S ' P°°'^'"J';*' T- <^'iP''»|,'i™ount ; hut [ think my on le , - .. (Hear, liear.) ^ ' Interest on Invcstment.i I'^'WOO W,,.> at^ ir.,„, « . • ij • , ,. , i-.>,tuu Jion. J>lr. llOMONr— But in the aponnnM Premium and diseount "0 000 of fli« tt-^..^ n. ,. fi i ■" 'V^ "'''^°"°" o 1 • . -i^.uou 01 tne year, thero will ho a defificupu tnh,. Bank imposts ih,000 made up in some way. =* ^'^''^'^"''^' *'> '^'^ Law fees, under 12 Vic e..];J and lion.' Mr. Ko.se-Wo have undouht M, (I am not sure whether mv i e.ilv in ,...„.m„ <■ . .i. '^\*'/ ""^""''* honorable friend opposite, Z ^Sary to ^on'stet m' '^" •."'"""•' T member for Cornwall doe.^ not I ower^>li„cTs ^1' f." "''^'?r '" ^''^ consider thatthis item of revenue l:oZn^::h::S^l^^,S'Sti^ZS> properly belongs to hi.s ,overn- _ \ and $8,000,000 ofdobt with which N^^vK' Fines anci"l^;i;iturey:::;:::;; rS ;;;!'\r^'^ ^'''^ ^^'^f .eHpootively came into Bill «tamp.s 10 'ooo ,{"'"";, '," ^''"" ' ''''' *''" '''^''''^ »P«» Law Fee l^^^ind, Upper Can;da:::::: TZ men? ^ " ''^'''^' "'"" ""^ '''''''■ Tonnage duties, Quebec Hiver ' Hon Mr. lIo.TOV-But still you will 10,000 have to find the money to meet that expendi- j ture this year. I lion. Mr. IfosK— Certainly ; but I stated lo r,o<. ' ''* ^^^^^^ *''"* "■ P"''t''J» "'■ the payments t»,()UU on capital account for works in pro-,'res,s may be included in the quota (,f these Provinces Police, Tonnage duties, IMariners' Fund, ^ati^da 810,00(1 New Brunswick 8,000 Paso,ooo I rhe immediate elleJt undoubtedly is that wc have to find t!ie money to make up that verv lebt instead of merely making provision lor the interest. I do not deny that wo liave to or n > I ''"^ "'^'""■'^ ''* ""^^''' ^''"'^ expenditure out of -J, 000 I ordinary revenue, but by a careful and econ- "' ,"; omieal management of aff.iirs, 1 believe wo inn a ' ^T'" "^ ^'^'' '"'"' "''^'"^ >'™'' ''^^'^ something to 100,000 the good. (Hear, hear.) Hon. Mr. Anomn— 1 would like to ask the i honorable gentleman whether, in estimatin--- I the amount to be paid to the Lower I'rov'^ inces, he estimated the interest on the difler- ence between existing debts, and the amount to which they might be increased under the Union Act "/ Hon. Mr. Rose— I have estimated the subsidy as payable on the restricted amount M I'f 4nn ?^ ^*^'**' "^ r''K"''J'^ the Maritime Provinces: l'l,4;)7,400 ! but, as reganis Ontario ami Quebec, we do not undertake to .«ay how much of the !")0,()00 ir),ooo 14,000 6(»,U00 7,000 diture on ordinary account of ..M,3Ul,;i01 excess beyond the ?62,,^00,000 is to be as'- ^''--^ '^ -rpius of ,"1};^ I :rii];r;m ^bl"^-' - "- "'"^' '^ ''- (Hear, hear ) Hon. Mr. IIoi.ton.— Still there is a deti- ciency. Hon. Mr Ro.sE— lu what ways' 1 state thjit there is an estimated surplus. Hon. J\Ir. Hor/ru.v— Tin- :,ioss expendi- lure lor the year is estima : J|fl0,22G,S0l, nearly a million and three-quarters more'than the estimated income. 3 decided in accordance with the provisions of the Union Act ; but we kaow that tht^ aggregate debt of these two Provinces is considerably in excess of the $02,- 500,000. I hopo the House understands that, in speaking of the permanent works in the lunver Provinces, the expenditure upon them is not to be regarded — at present at all events— as an addition to the debts with which these Provinces came into the Union. 18 / 'in a ncial Stutem ent. \Ut ^, t'S8. I beg the House not to be led away by the j supposition that it i.s intended by thai amount ! to increase the debt ot the Dominion. Tliat : expenditure may be— and I hope it will be— ' within the amount ol" debt with whicii tluwe '■ Provinces entered the Union. (Heiv.', hear.) ' Now, Sir, I think that, in the .state- | ment which 1 have laid bwlore the I House, I have cndeavbred to lie a.s brief ' as poi,sible in going over the extended I ground presented. A long period ha.s i elapsed since a statement of our financial ; affairs has been laid bei'ore Parliament; but I have endeavored to cireumserihe my remarks within reasonable limits, and to present as clear and succinct a stat-^n.cnt as I could of the tioancial condition of tlie country. I trust that I have succeeded in my object. (^He.ir, hear.) Now, although the sums with whicli we have to deal are large, and the demands upon the Government considerable, I believe the resources, tlic means and the energy of this country, are ample to meet them all. (Hear, hear.) I have no desire to detain the House by reference to .statistical information ; but allow me to place honorable members in possession of a few facts bearing upon the j ability of the various sections of the Dominion i to meet the obligations that are entailed upon it. I will begin with our elder sister, Nova Scotia, of which the honorable member for Hants is a leading representative, and state one or two facts with reference to its progress within the past eight or ton yeais. The re- venue of that Province, from custom.^ and excise, in 185G, was §;;77."-;70,and in 18Gli it had increased to .Sl,'jy],!l(»i>. (Hear, hear.) Had it remained a separate i'rovinee, the i revenue must have been augmented this year, j for my honorable friend (Hon. iMr. Howe) must be aware that, with the additional obli gallons entailed upon that I'rovinee, in conse- | quencc of the public works undertaken by ' the Government, it would have Deen necessary i largely to have increased the ways and means, | in order to enable it to meet its engagements. | If we take the imports of the I'rovinee as another evidence of progress, we find that they increased from $S,o49,l()0, in 1S5G, to ?14,381,008 in iStlG. I grant tliat a mere increase of import.s, if not accompauied by an increase of exports, would not be evidence of prosperity, but of the reverse. We hud, i however, that this is not the case, for the e.v ports of the Province iuerea.sed from SC,S(U- 790, in 1850, to !?S/i4;i,U95 in 18GG, e.\elu- sive of the value of ships so'J. Thou, if we i take the increase of shipping owned in the , Province, we find that it has been proportion- ately large. In iSM, the number of ships was 1,789 ; in ISGG it was a,5U9. [n lS;")t;, the tonnage was I42,94r) tons; in ISGG ii' was 400,895 tons. In lSr)f;, the value of the shipping wa;; ?4,G94,G0S ; i„ |SGG it was 8iy,749,547. (Hear, hear.) 1 am .-atislii'd that hucb evidence of prosperity on liie part of our elder sister on the .sea short; will he viewcil by every one who comes from the wes* with the greatest satisfaction. (Hear, hear.) I I wil' give some i'urther facts, to show that Nova Scotia possetses otlier elements ol' pro- gress and prosperity, e(|ual to thost; pos.scsscd by any part of the l»ominion; and nothing, I am convinced, will give more general giati Scation than to know that the partieuhn- industry and weallh of that section of (lie country are open to profitable developemont by the peojile of Ihe entire Dominion. Take the quantity of eoal raised in the I'rovinee. In 185G we find that it was 'J:]I,9;i4 tons, and in I8GG it wasGOI,;>Ul tons— nearly three times tko amount. (Hear, hear.) If we take also another element f>f wealth exist ing there, and note its development — I refer to the gold fields— we shall find that, from 18G2to 18GG, there was a pngressivc increase in the producti' (Iloar, hoar.) to hIiow iliat lueiils ol' j)iii. lost! |i()s,se.sseil ml iiotliiii^, 1 ^'iMioral j^rati lie jiartieuliir oetioii (if IJio levolopomont iiiioij. Take lie Province. !).'i4 (iin.s, and ■nearly tliroe !ar.) If we veaitli exist ent — I rol'er d tliat, (Voni isivc increase! le nninl)or oi' IS 7,li7r> ; in tlie J jeld av- n the mines ; nan. There ease in those — ^old, coal, wc will ail, idly si^e still r.) .Now, if vo find til at itilying. In ties in tliat teas ill ISdt; ipiirts in th{! iile in I8(i(; ^ Tho exports en from $[>,- t^xeliisive ol' >pinf,' of tlie ilsand VS.;,. H and L';}:i,- iie;in vossoIh s«ol.s owned se are I'aet.s rratilyiiii^ to bee, ;iiid we ^ doubled in liOt 1110 now : more parti- eularly to what wmh forinerly the I'rovinco oi' ('aiuuhi : a . I I believe thoy will ito a cause of as mueh satisfaetion to my lionorabie friend ii| ,,osite ( Hon. .Mr. Howe) a.s they are to the men of (hitiirio and <,'uebee. I do not yet des! air of .Hiseinu' that lionorabie ;,'entleman as anxious and alive to promote the interests of tliis p.'irt of the !)oiiiinion as h** is to forward I lie interests ol the I'rovinee which he now more espeeially elaiuis as his own. (Hear, hear. ) in Canada, then the imports exclusive iileoin jind bullion, wbieli lor obvious reason.s should not enter into th(! ealculation, were >l»,7Si» in IStiO-U T do not take this latter year ibr the purpose of a com- parison, because in ecmserpicncc of the ruriiinn eieiited by the American v.'arand the tiireaten- ed .ibnv'ation of the lleeiprocity Treaty, there was in that year a spasmodic stimulus <;iven to the exports to the United States of various arti- cles produced in this country. Tlie exportsin l-Sf»(;-7, liave i'allen olf as compared with tho.se ul'tlie previous year Ity the sum of §7,oS and our exports in 1 S(U!-7, notwithstanding!; tlio fallinj::; off in that year, 'hen; is exhibited an increase of il iA per cent., whereas our imports in the correspondiu!^ period increased only Si ^ per cent., showint; I hat the productive powers of the country and its ability to meet enj^auenients C(mtracted •'ibro.id have been autrmentini,' in a i::;n!aterratio •hail tlio,^c engagements. (Hear, iiear.) If we were to take a comparison between our exportsin 1X58 and our exportsin ISCif)-!), instead ol';>t| pt^r cent, there would be shewn an increase ot upwards of iUO per cent. The House will .see from the returns which liave been laid liefore it of the imports and exports ior the vear ended MOth June, IHt)?, that there was a i'alling oil' of upwards of .f 7,0(10,(1(10 in our e.vjiorts as compariid with the previous year. 'I'bis might at the iirst gl.ance seem evidence of ;i iliminution of our prosperity; but a- I hive alreadv stated, and as the House is aw. lie there w.is a stimulus given in l.'^(3f)-0 to tlic export of certain articlos to the United States, ewpceialiy of horned cattle, by tho de- mand which arose in that countiy, to fill up ! the. rihiiinu created by the war which had then just terminated, and also by the anticipated repeal of the lleeiprocity Treaty. These 1 causes swelled our exports to tho United States I beyond all [ireee4-.), in wiufh no unhealtliy Htiniulus was pvc„ to the trade— shew an increase of about Si>,000,000 over the latter year. 1 say the un- healthy stunulus that was giveu, for 1 believe many ot the fanners alon- the borders over- sold themselves, and, tempted by the hidi pnccH diminished their stock too much, and iliat their means of luture productiveness were M),|ured by the reckless manner in which thev sold their stock to the United States durin- the year 1805-0. It is not fai.-, therefore'; in estiniatin.,' the piwperity of the country, in connection with its productive power, to com- pare the exports of last year with those of lHb.)-Ot), iQ which that unhealthy stimulus was Kivcn to the trade. Wc must compare those ot the previous year, and wo will 5f.),000,000, or, ,1 you go back to 1858, and compare them with the average exports ofK) years preceding that year, you will find an in- crease ot over 100 per cent., and, even as com- pared with l.SG5-60,tLerc was an increase in our exports to countries other than the United b ates, of »2 350,000. 1 am afraid I am oe cupying the llonse too Ion- with these liKures— (Crie8ol^c!no!)-but, if the House will indulge mc, I will endeavor not to trespass much longer on its patience. 1 will relcr Low to a branch of our trade, the result of which last year, I am sure, will be gratifying to every ouc ,n this Ilouse-I allude to the in crease ot our intercolonial trade, the trade a^ong ourselves. (Hear, hear.) Those who wifch to sec this country cemented and become one, cannot but feel gratified, that the com- mcrcialtintcrcoursc between the various Pro- vinces has increased in the ratio it has done iZ'A "!• u'^ ^r- 'f ''« ^-Ports to the C^nJ.'"^ ^°"'' ^""="°^" Provinces, from vanada proper, were ; \:l'!}'!} «i,^7i,iin I ttiink we may well congratulate ourselves that the trade between Cana.lu proper and the Lo.ver IVovinccs haw thus more than doubled in one year. (Hear, hear.) Hon Mr. fh.wK and II. .n. Mr. Anolin here made some remarks across the House which were inaudible in the gallery ' Hon. iMr, Ho.sk.— I do not see any- thing to excite the laugh of the honorable pntleman, (IJon. Mr. Anglin,) but if he has any knowledge of the subject, acquired even Irom a superficial observation of the commerce of this country, he mu.«t know that the imports from the Maritime Provinces to Lanada proper, have gone on increasing rnor- mously this year. N..nc knows better than the hon. gentleman before i,im (Hon Mr Holton) that three lines of steamers from the Lower I'rovinces to Montreal came up duriu" ho last season, with cargoes of sugar, oii, coab lish, Ac., taking in return flour, and other agricultural products, and that there has thus Hprung up. during the la.,i year, a large and in- creasing trade, one which, ' trust.wil'l continue to increase, [f you examine the Trade Re- urns you will find a large import now from the Lowct J'rovinoes into Canada. (Hear, hear ) There is another fact which I am very glad to put the IIou.sc in posses- sion of, and It is this : [ have endeavored to obtain returns of the exports from the 1st July to he present date, in order to compare hatporion of 18G7-C8 with LStJO-G? /and r am glad to say that during the three months ending '{Oth .Septcmbe? last, there was a vc:y considerable increase in ^ur ex^ por s over those of the corresponding quarter :; >r r • ^'^r ^v^'V' ^'^^'^ ru^MeZ enaing joth beptcnaber, were — i°Sr> «10,172,142 J"S^ « 935,000 '" ^^*^' 3,418,000 Shj-ng that we have at all events "i^lc- D.,!nt of commercial intercourse which is sure (Htas, ncMT.) As compared with 18(;5-(i0 the exporUs of last year t^ the J-ower iw' ^^' morot,b..n doubled, tho %uresT | Ii/ 1867 J 0,94(1, 11. 1 .'in irrfcasc of . $773 47-> i-quuJ, jl the same ratio is preservr.l to m increase of over ^3,000,000 for Ue yci And notwithstanding Uic eircumstaS which have since occurred-notwithstandin' I ^]}^^ ,?« 1"' "re of the Commercial IJank fnZX"""^ !!''^'''''^y h«« had a serious K in checking the movement of the agiieultur, products of the eountry-1 believe as ?^ I ran a.sccrtain from partial returns fo. tlu' innugh thev are nnt «,» ««.,.„!-*„ ^ , y %tog ihcm bcibrc VhiK .tin,"[™ llioro will i,„ Ibuml, aot<.irI,»ta„,li.s Uio ,l"f [let iSe»». «i,r)7i,iir, :{,HH,5H'j tulatc ourselvt's •la proper and Inis iiion? tluii lit'ar.) )• Mr. Anolin OHS tllO House, ;all('ry. not SCO any- *lic lionorablo ill,) but if he bjcct, acquired rvation of the imi.«t know that I'r.vinccH to lUTeasinfr rnor- va Iicttcv than "1 (Hon. Mr. mcrs from the lino up durinj; sugar, oii, coal, ir, and other there haw thus a larj^eandin- t,will continue (he Trade Re- import now into Canada. or fact which use in poHscs- cndcavorcd to from the 1st cr to compare 8C(i-G7 ; and g the three 'r last, there so in our cx- Jding quarter ]'hc total ex- lirce nionthe, 172,142 m,ui '7;i,472 served, to an r the jcar. rcuujstance.s rithstandin;^' 3rcial l{jink crious effect agricultural vo, a.s la, as Jriis for the >veiid)cr. al- s to warrant — 1 hclicvo ing the (IJK I Itt Far.] Financial Statement. 21 trust which haH prevailed, and the'indiBponi- tion of farmers to hrinp their products to n.-rkcf, a greater proportion of inoreasr for those two monthn, thnn for the three months ending .'{Ot h September. ( Hear, hear. ) A nd what confirms thiw imprcfwion is the fact that »he returns of railway freight traffic— not merely (JrcHt Western traffic, which enters the country at one end of the lino and leaves it at the otlier, but of railway traffic generally—shew an increase of «] l(),;{04, since I'.Oth h'ort«mbcr. as lar as returned. (Hear, hear.) I have to apologize to the House for hav- ing detained it so long— (no, no,)— but I "I"i'u«h*'- } !?"'''-' ''""^''^ *<> 'he accounts ol lHfi5-». and ISMJ.?; I have stated the al- tered condition of affairs consequent ou the Ifnion Act ; J have stated what our floating habihties arc and how the Govcrumcnt pro- pose to deal with them; and I have kid be- fore the House such approximate rstimateoiof the payments and revenues of the Dominion as It 18 in the power of Governmcnt'to give, together with explanations of the .lifficultics which ho in the way of a Kinanro Miaisters coming down with more minute details. (Hear.) I feel th.it I r-m placed in an o.- J'nary difficulty, being only a week in the HouHo since my acceptance of office, and 1 think I do not expect too much when 1 hopc.;to->avc.the forbearance— in fact the co-operation and assistance of the House in achieving the object which 1 am sure It IS the desire of every member to 'sec attained, viz. .—The ccfualization of the' rc- veftue and expenditure, and the placing of the finances of the Dominion on such a fir"m basis as the high chaiacter of its people and the great resources of the country justify and demand. (Hear, hear.) ^—i 24 APPENDIX A. Abstkact of Cash lleceipts and Expenditure of the Dominion of Canada, from 1st July to ;JOth November, 18G7. Det; EXPENDITURE. Cts.: sts. RECEIPTS. cts. Total Expenditure in Can-' adii onDominion account; Do (io unjjaid War-| rants, 1SC6-7 Do do on account of Arrears, 1S66-7 165,898 07, I 879,107 07* 1,0.15,005 14 Do Nova .Scotia on Dominion account Do do on account ofj Arrears, 1860-7 1 137,10» 22' Do Now Bruu.-wiclv' on Dominion account ! 15;; jgg 34 Do do onaccouutofi " I L_ arrears, 1366 7 | ais,79s 20 I Total Receipts in Canada 1,905,587 25 uu Dominion account....; ■ Do do on account of ^ Arrears, 1866-7 569,10;} 5:1 Do Nova Seotia on Dominion account > Do do on account ol Arrear.9, 1866-7 | 102,321 02 Do New Brunswicli 413,,'i05 47 I on Dominion account Do do on account of Arrears, 1866-7 Total ou Dominion ac- count Do on account of Ar- rears, 18C6-7 Ttttal on Dominion ac- count Do ou account of ar- rears, 1866-7 1 39,844 39 Do Dominion anJ ar- rears ' Total I'xpendiluro in On-i tario on Subsidy account', Do Quebec do ... , Do Ontario and Que- bec Suspense account , Do Nova Scotia Sub sidy account Do do Special ad- vance on Railwaj ac count I Do New Brunswicki ou Subsidy account ;. 2,472,061 06 Total Dominion and Arrears 1,500,912 56J|Total Receipts in Canada on account of Ontario... 3,972,973 62 ji 48.S,900 31 ij 397,499 7t|I 21,202 06 267,342 80 i 60,106 K5,| 125,000 00 1 ; Do d '•' *^"'-''^'-''-' ^ I u;7;2r6 5 cts. 5,353,652 49 667,368 18 451,451 76 6,472,472 4;! 711,268 94 7,183,741 37 136,597 67 39 Total Expenditure I $6,32:1,085 41 T„tal Heceipts S7,427;615 4.', Department of the Minister of Finance, Ottawa, 4tli December, 18G7. JOHN LANGTUN, Audi tor. fntereat Charges Kedempt Civil Qoi Adminiiit ^'oliee.... I'enitenti '^egislatic -t'ducatior Do Literary 1 tioDs Hospitals •Jeologioal Militia anc ^.its, Agri( Kmigratioi Pensions .. Public Wor 't«nt.« and : Hoads and <*cean and 1 I'ight Hous f'i.tlieries,... fulling Tiui Compensatic ''Seigniorial -"^liips, L.C Haihvay and tion 'Muuicipalitie Do Indian Fund. Marine ' Miscellaneous Collection of 1 Cngfoms Kjoist) .., t'ost Offlet Public Wc 'I'erritorial Stamp.H ... Fines and , Minor and r|rown Land.i i P "paid Warran Totul .... NuTR :— lf»penditure on Du ae( department c Ottawa, ' 25 /'anada, from 1>ETAILED StaTEM APPENDIX B. ' x..oi7 OTATEMENT of flio P«„ "lion of Canada, months ended 30th $ cts. 6,353,652 49 <)6r,368 18 451,451 76 6,472,472 4;{ 711,263 94 7,183,741 ;i7 1, '16,597 67 l(;7,i;76 39 S7,427;6I5 43 icltfor. EXPENDITURE. Aiiiounf. I Notprovided ; for. KEVENIJE. '■.mount. fiiterest on Public Debt ?.. «'^- ^t,irgesofxManugement ?,h^^^ ^' KeJcmption of Debt i "''•^^S 92' ''ivil Goverumont '''840 Ol>i A5u.i3trauouorjun/;e::::;::::j f»^gg I'onitentiury... 18,316 itjj cUj '^egislation ^Muoation East ,. I>o West." " L.'e,-ary and SeieuUflc' lu^iiiu tions, Iluspitalsam'/chariii;; 112,235 80 '50,092 67 9,661 17 7,221 54 I.Customs .... $ cts I Excise 3,881,719 sf 6,381 in. .ublieU'orkl. 22,69004 50 -m 7,('^''"?'"<'i"' sVeamers". ,' 2*1,779 01 .,,'...1 'liiTerritorial U,210 6.j 15 00 5,214 20 •f „.„.„, , 2,400 001 iJeoIogioaJ Survey •"'MSl .'{O, Militia and Enrolled Foroa: ^ - ''"'^ '^' f,"f' Agriculture and StatiaVioV l-^ation and guarS!:- '•nts and Repairs, Ac d5 '<"8,443 0(» 200 00 ">,4«2 26 5,492 4/, l«2,950,592 3yl$l,052,054~ 78: Total. NoTB • — "^count ui arrears. ISB6.7.. i;o45,005 u 42,950,592 39 I ^'P^:*^^'^* 0; theMinister Of Finance Ottawa, 4tli Pecember, 18()7 ' 1 15,922,756 02 Nore ■ Keoeipts on D Do ominiun ac-ount jr..,..,..-™ ~nt of ,,,ears, im:^::^^ *^ *i.tf22,756 02 Auditor. 26 f APPENDIX C. in Nova Scotia, incluamg arrears ut l«bU-., Noveiui'or, 1867. Distressed Seamen.... Interest on Public Debt.... Light Houses and Coast bervioe Penitentiary ■••;;■'•■,■;'■ i Public Works and Buildings ••••1 Indians i Civil Government "■ Copper Coin Kations to Troops •■■•• Militia '_ Miscellaneous Post Oflioe Public Printing Statistics ■' Savings Banks ; Adminictration of Justice •— Pension?* '__ Legislation Signal Stations ' Sable Island Rents and Repairs.. .....•■.•••••-• •••••••■•"•| 1 Construction .$l0...lHii u\j [ Railways.. Maintenance. IIC.IH)'. IH ) Customs Expense*, including dja>ybacks. Arrears of 1800-7 $ " 44G 7^ 160 92 841 (n- 218 50 377 30 1,303 OS 5,814 28 102,321 02 $769,689 20 ExpenSurVon account of arrcar.s of 18C0-7 ••••• t,xpenui.ui Dominion ■••••• ^l Jiuh.sidy and spocml advance. Receipts on account (,f arraars ..f lSOO-7... "" "^ U" Dominion $1.37,109 22 .. 413,305 47 '„'.',",'."."".'.."..".".'•.• 317,449 05 867,864 34 ,.$102,321 02 ;: C67;3t8 18 709,689 20 ' 11,, Dominion i f „ in ,-, , ♦„ «i,)'> 051. has been provided for in u -» .u,a, KM«..u«.- ;;» •>;« 't'S; :,;r;r;K 'vS:A^<..,. .«- .»•.»"■ '- London, and drafts wer. met by Me^r . liuru k 1242,428.75. JUUN LANGTON, Auditor. Department of the Minister of Finance, Ottawa, 'JOtU November, lab i . f Canada, Amount. $ ot.< 522,213 31; 114,633 0« 5,783 3t> 4,032 5 1 10,800 OO 683 5>' 440 7^ 160 9- 841 6- 218 50 :i77 :ii; 1,303 08 5,814 28 102,321 02 $769,68a 20 ....$137,109 22 .. 413,305 47 .'.".".... 317,449 C5 867,864 34 i 18 769,689 20 >n proTiJotl fi)r iu r $140,377.75: — ON, Auditor. 2T APPENDIX D. ''"t'S»^^l:!Z^r'-^^S'^S^f <>': ^r^^on of Ca„ad. 30th November, 1867. ^ ""'' "^ ^^^^■'' ^«^ ^hc five months ended i Maintenance... 10,000 00 j '"5,000 00 Interest on I'ublic Deht Railways... ! Con8truction....$i).',',ono no ) iMilitia Fisheries Light Houses Penitentiary T"^'' ,*^ffi<"' 12,000 00 KoRislation „ " no Administration of Justice a'iqo <^ivil (fovernmoni, Savings Banks.., Steamboat Inspection Arrears of 1866-7 Customs ,, . ,^. ,, Light House Duty ■.■.■.■::■;:; i ^^Hl^ ^ .•.."iOO 00 Copyright Duty ... ' '',t Iz 7.268 15! Savingtl5.inkH ' "^^ "'^ .i.OOO 00' Railwny Kovcnuos'.".' 2,000 00 Arrears of 1866-7 Total . on 5.192 00 4,871 93 5,101 20 250 to 318,798 20 19,182 OS 10,000 00 39,844 39 $•171,968 54 Total, $491,296 15 I Note :— E.Tpendituro on account of nrroars of 1866- '^o Dominion Do Subsidy D.ilanco in ISank, Juno 30, 1867.. Ueccipt..i (in account of arrears of' D" Dominion , 866-7. T.. .'" "'''l-'i'"! to which K.vpen'viueaioriB Department of the Minister of Finance, Ottawa, 4th December, 1867. JOHN LANGTON, Auditor. 28 APPENDIX E. Statement of Local Revenue and Expenditure of the Province of Ontario, as re- ceived and paid out by the Dominion of Canada, for the five months ended 30th November, 1867. KEVENUE. $ Ctf Municipal Loan Tund I7,S.fi 39 Law Society i l'""" ||'' Do Stamps ' "••^^'^ '" n. C. Building Fund j I1-22.) 00 Education..... • . M92 9i Crown Lands S**.'*:^'^ -''J Keformatoriep •^7" "- Hospitals and Charities •'-^f *-^ Total ! 1136.697 67 Expenditure : $■188,960 31 NoTK. — Included in the Excise Revenue of Statement marked 13, there is applicable to Ontario the sum of $1 045.87, tavern and other licenses, collected during the Quarter ended 30th September, 1S67. Department of the Minister of Finance, Ottawa, 4th December, 1867. JOHN LANGTON, Auditor, APPENDIX F. Statement of Local Revenue and Expenditure of tho Province of Quebec, as re- ceived and paid out by the Dominion of Canada, for the five months ended 30th November, i867. REVENUE. Municipal Loan Fund. Law Fees Do Stamp;*. Registration Stamps Court Houses Ruilding and Jury Fund. Education ris. Crown Lands Hospitals and Charities. Rcformatorio? Casual Total,. Expenditure.. :!fifi 00 ,'),(IS.'i 99 ."37,216 76 3,079 07 ;i,29S 70 tiOO 0" :>M^ 01 4S,0I6 61 110 70 2,«f)l 6:! I,U2 00 $107,276 39 $397,499 77 Note.— Included in tho Excise Revenue of Statement marked 15, there is applicable to Quebec the sum of $8,031.86, tavern and other licenses collected during tho Quarter ended .'lOth September, 1S67. Department of the Minister of Finance, Ottawa, 4th December, 1867 JOHN LANGTON, Auditor. 29 as re- cU. as 10- cTidcd c\f. Statement of th?^ Roccint^ nnri v\.^^ r, r , ^ EnoTo ISfif? V"*''oI *'•' Province of Canada, 'liino ,iu, 186b, to June 80, 1867. irom HKCEII'TS Amount. I'AVMEiNTS. riistoms Excho Post Office r.......... ..."..".'.'" Ocean Postage Public Works ^.. '......'.'. Provincial Steamers ......!.!..,. Territorial "' "" Casual ....'.'.,... Quebec Loan ".."!"! Intorcstf on Investments..!,!.!.'..... Premium ami Di., 12 Vic, caps-'fiirAei!!!.!!!" Kines and Forfeitures liill Stamps ' ^Zf'"'' ^"^'- (C"°- «'at-"'i''c.',"cap! J,aw ices. U.C. (County Attorneys).... Tonnage Duties (Quebec River Police). Do (Mariners' Fund) I fts.«cnger Duty (EmiRration and Guar antine) linilway and !>teamboa't Inspection.!!!' risberies... Cullers' Fees '.''..''.'.''.'..., Penitentiary, Reformatories, Ac!!!!!!!! Hospitals and Charities .Afiiitia !!!!!!!!!! Trinity Hou.so, Quebec"...'.!!!!!!! i Registration, L.C !!!!!!!!. Debentures and Stock !!!!!! i Provincial Notes .!!!!!!!!!! ' .Municipal Loan Fund, i'!c!!!!!! !!!!!! I>o do L.c!!! ' tiuebec Fire Loan !!!.! Ln« S cicty !!!!!!!! ' Court Houses, h.C !!,'.'.'!!!!!! : Ruilding and Jury Fund, l!c!!! I ppor Canada HuildiuR Fund... ' .■Municipalities Fund, U.C ' Do L.c!!!!!!!!!!!!!!!"" Lducational Fund, U.C. D'> L.C..!.!!!!!!! I < omuion S«hool Fund ' Copyright Duties !!!!! Indian Fund (Jreut Western RaihVa'y' (■iu'term'Ac-; count) j rnhl^' w ^''''''^"-^ '^"f""*"^'' '^'^'oounr)".!! Public Workt;, Special Tug Steamer..' ! ! i Trust Fund Invoitment!!! Consolidated Fund Invostnie'nt Koceipti. fruu. Kales of Public Work!S""i JnvernHcensosapplicablo to Munici"'| palitios, L.C ! .'*7 .527 .S6 IH,2I6 fifi tS,042 42| S.^.-SOI 77 I2,y()t l^' i(H,022 16j ■st.fiog 7o! :! 1,003 10] '••.S.'ifi 27| l',fi97 051 22.«2l 00^ t'7.i:!,i 86 '\26fi yy .■!2,,s,i(; ;><) 2,0K6 (\ tiiiJSecret Service 2:^,645 05LMiscellanoous 177,708 48| The Collection, Ac, of Revenue ; — Customs E.xcise !^!!!! ■ Post OfTice i Public Works !!!!!!..!!!!!!' Territorial !!!!! i Stamps [ Fines and Forfeitures !!!!!! Minor Revenues !!!!!!!!'• Special Funds ! .\m«nnr. .5 Qt,tf, .'!,«,'!), 788 6rt' I8,S,475 ah 243,33.3 ,34 1,813,117 17 54,165 12 53f5,7(iO 11 412,90rt 63 399,498 79 36,973 OS 24.3,813 64 :!.S5,962 15 273,647 63 346,721 15 14,802 50 347,995 71 23,278 04 1,412,932 04 .'■7.912 88 108,078 25 .'-2,798 74 5 ',485 IS 35,420 00 .•<40,165 03 109,056 55 145,400 50 310,302 Ort 110,464 34 36,807 37 200,777 25 105,553 04 6.5,643 29 10.648 52 U8,622 67 7,7.50 58 1 50,325 109,242 41,601 153,385 41 17 17 Total. m 75,918 "2 1,873 20,000 00 IC.I'.tO (111 .■<,.|IMI (III 106,647 07| 24,:i02 17, i,',mo 02i 6,400,139 89 627,612 68 H0,694 59 r>.59,195 25 267,500 23 133.403 98 6.149 02 .5,152 26 1,029 81 73,344 49 Total ?14,729,090 64 Dei,artmcnfc of the Minister of Finance, Ottawa, 5th December, 18(17. Auditor.