CIHM Microfiche Series (■Monographs) ICIMH Collection de microfiches (monographles) Canadian Instituta for Historical Microraprodbotiont / Institut Canadian da microraproductions historiquas Technical and Bibliographic Notaa/Notas tachniquas et btbliographiquaa The tnstituta has attampted to obtain tha bast original copy available for filming. Faaturas of this copy which may ba bibliographically uniqua, which may altar any of tha imagas in tha reproduction, or which may significantly change the usual method of filming, are checked below. L'Institut a microfilme le meilleur sxemplaire qu'il lui e et* possible de se procurer Las details de cet exemplaire qui sont peut-itre uniques du point de vue bibliographique, qui peuvent modifier une image reproduite. ou qui peuvent exiger una modification dans la m^thode normale de filmage sont indiquAs ci-dessous. n D Coloured covers/ Couverture de couleur I I Covers damaged/ Couverture endommagie Covers restored and/or laminated/ Couverture restaurAe et/ou pelliculAe □ Cover title missing/ Le tit itre de couverture manque □ Coloured maps/ Cartes gAographiques en couleur □ Coloured ink li.e. other i/ fm^ m. X. Ontario 0«n«ml Blootlons, Thursday, tJay «•, fO« JX^ A BBRIB8 OF Beeelpto mnd ExpeBdltnret, 1867— Dec 31* 1961. Total receipt, of Proyinoe from 1867 to 1901 inoliuaTe $118,274,240 49 Ttotal expendituree 111,805.747 60 Brianoe on right aide fl. 468,492 99 laterest TersaB Debt. The Dominion paid in intereat on pnblio debt, year ending June, 1900, $10,669,646. •aebeo paid for interest and charges on public debt, 1900, $1,588,059. SJbt per head: Dominion, $60; British Columbia. $31; Quebec, $18; New Bmns- wiok $8; Nova Scotia. $C. Ontuio, Nom. Ontario paya no interest on public debt, but reoeired interest, 1900, $281,928. Quebec started with a clean sheet in 1867, and has now a net debt of oTsr $22,000,000. . ,...., , « !„• IV. 1 Ontario, out of its revenues, has a substanUal surplus, after making hberal ex- penditure. The Surplns of the Liberal CovemMent. The Sandiield Maodonald net surplus of $1,826,838 has been substantiaUy added to by the Liberal Government since 1871 until to-day the very satisfactory condition for 1901 is as follows, based on the plan laid down by the Finance Commission : Surplus of assets after deducting liabilities presently payable $6,082,088 LuBHiiTiBB— Present value of outstanding railway and annuity certificates, extending over 30 years 8,510,790 Surplus of assets over liabilities 2,671,292 fExtraot from speech of W. R. Meredith at London, May 21st, 1894 : «' I do not want to deonve you gentlemen, at all. I do not want to deceive you with regard to the financial position of the Province of Ontario, and it would be unfair for me to say that there is no money . The assets of the Province of Ontario represent a sum of four or five or six millions. The amount will not be definitely ascertaued until the arbitra- tion between the Provinoe of Ontario and the Dominion has been concluded."! \' 4 FINANCIAL FACTS ^ Showing the Boonomy, domblned with Ppoffpeaalveneas, of LIBERAL ADMINISTRATION IN ONTARIO . Aod ProvlBf the MoM'a 8t«t«iieBt \o he true, that "The Ontario Qovernmcnt's Managemant of tha Financas has been thrifty, ludklous and dean." *: CompariRons with Quebec and t' dominion. The following table showa the rate at which t ost of civil goTernment and ', legialatiou increased in Onturio, Quebec and the Dor jion, respeotivolj, from 1873 to 1900, iDclasive : \ Civil Government. 1873. 1900. Increase. Peroentkge. / Ontario $175,914 $265,347 $89,433 St • Qnebec 135,106 285,872 150.76G 111 Doniiuion .• 750,874 1,420,997 670,123 89 Legislation. Ontario 119,650 142,773 23,123 19 Quebec 163.569 192,213 28,644 17 Dominion . . * 529,343 830,302 300,959 56 A Comparison as to Expenditure, Ontario and 4|uel»ec. Service. • Quebec. Untario. Excess in Quebec. Civil Government $227,248 $250,945 C 26,303 Legislation 288,623 159,392 129,231 Administration of Justice 567,623 427,866 139,762 Prisons and .\By hims 314.441 80M31 491.690 Education 394,260 71P,810 325,5.)t) Out of total expenditure under Supply Bill in 18 years, the Opposition bava opposed onlyi$488,996 out of $61,631,333— about three-fourths of a cent, on the dollar. For many years past the expenditure under Supply Bill has been less than the estimates pussed by the Legislature, as for instance, in 1901 : Estimates under Supply Bill $3,964,602 Expenditures " " 3,797,639 Surplus $1«G,963 Money Returned to the People. Out of a toUd expenditure of $103,960,277.66 «iuce 1871, the following sums might be fairly taken as contributions either for the relief nf taxation, or for the improvement of the country : Education 818,205,323 42 Toronto Universitj. fire grant 160,000 0» Hospitals and charities 3.526,591 30 Maintenance of Public Institution.- 18,797,211 88 Surplus distribution, 1873 3,388,777 47 Distribution of clergy landa 931,382 86 Refunds land improvement fun- 1 .534,172 91 Agriculture' and Arts 4,358,809 70 Immignitioii 966,127 08 Administration of justice 10,084,694 73 Aid to railways, including animity n p \iu< ut-- 8,304,901 12 GnioniziUiou roads ' ,338,743 28 Municipal drainage 1,208,364 00 Swamp drainage 238,405 0» River, lake and bridge works .■ . . . 1,008,542 04 Nationnl parks since 1885 89,993 53 Public buildings —construction outlay 8,971,873 28 Repairs and maintenance since 1884 1,304,292 06 Total $85,418,205 72 "^y^^wpipi nsanclal Facts as to How Each $100 was Speat In 19M. * Ont of everj SlOO of reTenne the Province spent : About 319 96 of it was epoct for Ednoation. " 20 6'2 " Maintenance Public Inatitntirais. G V:'2 " Public Works and Baildingn. '• 10 30 " AdminiBtrution of Justice. 4 9B " Hailwaj Aid and Annuities. " S 20 " Agricnltu'e. » 4 7*i " Hospitals and Charities. " G 9U " Civil Government. " 8 82 " Legislation. " 3 48 " Colonization Roads. " 4 43 " Charges down Lands. " 2 27 " Repairs to Public Buildiugs. " 6 80 ** Miscellaneous Expenditure. " 1 08 " Drainage iJebenturtB, &c Ontario's Prond Financial Position. Ontario is without a dollar of debt presently payable. ^ Ontario had 81,468,492 of cash in the banks on December 41st, 1901. Ontario's annual receipts in interest would retire its total liabilities twice over. Ontario, for twenty years past, has shown a surplus of assets, after deducting liabilities presently payable. Ontario's surplus of assets December 31st, 1901, was 82,571,292. The interest paid annually on the Provincial Trust Funds (which are valued at $6,212,497 ) amounts to more than suflScient to meet the entire annual payments of the Province for its liabilities for railway certificates and annuities. Ont of a total proposed appropriation in eighteen years of 861,631,333, the Opposition objected to only $488,996.60 — or only three-quarters of a cent on th> dollar. The Supplementary Revenue Act, providiug for the taxation of certain classes of corporations and brewers and distillers, has produced $871,676 in three years. The policy of the Opposition would, if carried into effect, take away from two to three millions from the annual revenue of the Province, 'making a deficit that oonld only be made ap by direct taxation. Ontario's position is a proud one : That its affairs nave been so managed as not •nly to create no debt, but to leave a surplus of interest-bearing assets that yield eu annnal income that could be capitalized at nine millions. A. Comparison as to Cost of Education. The cost per pupil for a public school education in the United States 820 29 Ohio 21 63 Massaohnsetts 37 76 Michigan 18 68 New York 5 8 97 In England and Wales, 1900, board schools 14 02 " " 1900, voluntary schools 1128 Average for cities in Ontario 17 07 In Ontario, 1900 1006 Lilieral Aid to Colonliatlon Bailways and Koads. The " Railway Fund " was increased in 1872 from 81.500,000 to $1,900,000, and a Railway Subsidy Fund was created by setting apart 8100,000 a year for 20 yearr. Over $10,000,000 have been paid, in cash or certificates, to 2,219 miles « f raily;ay. In addition , several hundred miles have been aided in New Ontario by bonus and land grants, and many new lines are in prooefs of construction. 6,292 miles of colonization ronds havo het-w built, 14,546 miles repaired, and. 20 miles of bridges erected, at a total cost of $3,338,743. J«?p OMario reoeiTsd from Uqaor liocons, 1872-8, tTB.SSS. Ototario leoeived from liqnor Uommm (inolodiog biewen' nud diatfl^n* nOQ^U, t865,8l8. irM»tb» lioHDM feea have tbns increiMd by $290,463 orw 1872, Um liMoaM hsv* kMD r*dao«d from ((,186 ( I to 278 of population), to 2,900 (1 to 700 of popoUtioa), thoogb Ui» popnlation has iooreaaed by 84 per cent in that tim«. Ontario 8 total revmue from liquor licenaea idnoe 1876, Si 2,224,589. Of whi(^ sum the munioipalitioa received mi^rc 'ban one-half — $6,418,002. Qoebeo does not return to its municipalities one dollar of its license fees, Uioogh they are greater than thoee of Ontario. In Totqnto, in 1862, with a popnlation Ims than 30,000, there wne 400 Uoeoasd plaoes and groggeries ; in 1902, with a popnlation of 207,000, there ate (mly 200. In Toronto, 1902, 1 lioeose to every 1,000 of popnlation. In Montreal, 1 license to lees than every 800 of popnlation. Liberal TreatiMBt of tke Afllcted ClaMCH^ Orer 122,000,000 have been expended on hospitals, cha rit ies, asylums and pnbUo JBstitntioB* since 1871. Seven asylums for the insane and one for the idiotic accommodate over 6,000 ntieets at • lower per capita coet than any asylum in the other provinces, the States, Sgland or Aostialia, vis., in Ontario asylums $122, as compared with tl99 in Oana- tmm, aa