'NV \\ 
 
 *„ *- V- I — v V' - ' "^f 
 
 / r 
 
 I ^ 
 
 ^ITN OVtn , "3 oV> 
 
 >> 
 
 O.N TllK 
 
 Financial Operations of the Three Years since Conrederation. 
 
 In th(> CoiTiinitt<>(» on Public Ai'onunts l«sf Session, thero was some disf-nssioi; as to 
 tilt' proprioty ol' so romodd.inu' oiir stateiniMit of liiM'cipts and ICxpi-nditur", ko as to 
 distinguish the ordinary from the extraordinary. I then exprcsswl an opinion, whi<di I 
 liave setMi no roason to alter, that aiiy such distinction <'annot i)roi)crly 1)(> made a matter 
 of account. There is a I)road dillerence between KeceiiUs and I'^xpeiiditure, which are 
 authorized l»y Parliament to belon? to Capital, and those which apiiertain to 
 Consolidated Fund, or in other words are applicable to, or eharirenble airainst Income. 
 Ihit no rule can be laid down to distiniruish between ordinary and extraordinary T(e<'eipts 
 and I'lxpenditure. In almost every year some extraordinarv items will occur, and it 
 depends altoirether ixpon their maiynitude whether it is worth while to take any notice 
 of them at all. No one, for instance, would think of keeping' a separate account of the 
 uain or lo.ss we may make in rreminm discount and Kxi'liamre in the minor movements 
 which are every year takinpf place in Loans, Redemptions and Investments • tmt if we happen — t-r~ 
 to contract a larije loan these items may assume important dimensiims : and who is to '^ 
 
 determine the limit l)efore and alter which they are to be deidt with ililferently. Sf> also 
 if a small debtor, like the Northern Railway, falls behind for a year .or two in its interest, and 
 then pa\s up its arrears, thi' case is distinyuisbable onlv in ils niaunitnde from the similar 
 oi.'curreiice with iiie (ireat We.stiM-n. l)r we may have an extraordinary expenditure of 
 '■W to ^40,(H)0 for I'^misrration and Quarantine, if a sickly season should occur: or (»ne of 
 ten times the amount in conse(]uence of a l'"enian raid, nr the decennial occurreni-e of 
 llie Census. None of tlie.se liiin^rs <'au proi»erly be said to belun;; t'l Capital, but which 
 of them are of sullicient importance to be specially classed as extraordinary is a matter of 
 discretion, on which liardh any two men would auree. aiul nothinir ouffht to bi- lelt to 
 discveiion in book-keepin;;'. .*»nch items may very i)roperly be made a matter of comment 
 in the rejiort of the Hoard of Audit, and no ]>rndent Minister of l''inaiice wonhl leave them 
 out of account, if of any mauiiitnde. in basinnr his linancial arransemenls for one year on 
 the experieiK'c (d' another. Hi- iiiiu'ht even be compelled to contract a temporary loan to 
 cover a casual deliciciii'y in the licvenues of Cunsulidated l''iind to meet tin' charireh 
 auniinst it, as he is authorized to d" by :!1 \ie. Cap, 4 Sei'. 4 ; and ^ll(■h casual loans niiirht 
 verv projierly be ke]>t distinct IV'Hii the mdinary debt, and the redem|ilioii of tlo'in be 
 made a chnriir iiiiiiiiisl Cnnsolidated l'"uiid in more lavorable years : but until Parliament has 
 pioiKiumecl ii|i(in the subject, I do not see how any chanL'"' can be made in the methcMl of 
 ciiterins'' siu'li transaciiiiiis in the books. Mvervthiiiir, wliii'h has not been s|)ecially atilhor- 
 izcd to be considered Capital, must be credited or charycd to Couscdidated Fund, and the 
 ciinnire in the bali.nce of that Fund from year to year, will shew whether the income has bet>n 
 in excess, or has fallen short of. tin- charyi's auainst it. For these reasons 1 pro])ose, unless I 
 receive yoiir inslriK dons to the <'ontrary, to brinir out the statement of Receipts and 
 Expenditure in the sam« form an in the last year's Pnblii" Accounts, shewinir tho»e of 
 ( 'onsoliilati'd l'"uinl se)>arati' I'rcn those a|>plicable to o|ien ai-counts. l>\it not takin<T upon 
 mvself to mak'' iinv other dislinetion between oitlinarv ami •■xlraordinarx items. 
 
 \ 
 
 1 
 
This (lifRciKty is in a iri'eat rhoasurt? rpinov«>d, if wo t«ke Rcveral years to<r«'ther, rs 
 the pxtruordiiiary items in ilid'crcnt years tend to conntr Jjalance each other. I have, 
 therefore, jrj.-.'a three statements from whieh the linancial proirress of the country, since 
 Confederation may be judged of, with a comi>urison between their results. 
 
 I. A statemimt shewini; the excess of receipts of Consolidated Fund over the t'X]>en- 
 diture in each year. In this statement I have given the amounts as they stand in tlie 
 Public Accounts, without takinff into ron''!deration whether some §40, (MK) charged asainsl 
 I'ublic Works Capital in the lirst two years should not. i)erhaps, in accordance with the 
 distinction drawn in the estimates of last year, have l)een more properly charged to 
 Consolidatc>d Fund: and I have mad>' no chanfre in the manner of dealintr with the 
 IVemiitms on the Intercolonial Loan, and the arrears of ihe (ireat Western interest, to 
 which exception was taken last year. These were certaiidy extraordinary receipts, but if, 
 upon that srronnd, some jmrtions of them were dcdu'ted Irom the receipts of the year, the 
 whole amount certainly .should not be so deducted If l»t>>< and IWJ have not cr 'dit 
 given to them for all the arrears of the Great Westi^m interest, they musi at least huve it 
 for the amounts falling due in them, which even on ourjiresent reduced settlement would 
 have been !5;221,4")8.72 ; and similarly they would be entitled to credit for the profit on a 
 35 years' loan ttccruing in the three years under consideration, which would be *:il,'2H4.ST, 
 leaving only l^>'^',-j"? '^1 of the.se extraordinary receipts, i-espectinir which there can l)e 
 any douht. Airain-^' a. 's may be set extraordinary expenditure like that resultiui, from 
 the Feniiin raid last year, and the decennial Census now in ])rogress. If the statement 
 had embraced four years instead oC three, the extraordinary items would probably 
 have balanced each other. 
 
 It must, howevi'r, be borne in mind that the Consolidated Fund Fxpendilurt- 
 embraces one item which is a reduction ol' the debt. A\'e are pledged to expend a certain 
 sum annually towards paying oil the debt through the Sinkintr Fund, and that expenditure 
 is, th(»r( fore, properly charL''<"d aixainst I'onsolidated l'"nnd. Hut it is really so much debt 
 redeemed, and it must be added to the excess of Consolidated Fund Receipts in order to 
 shew the amount of Income which, ovi'r aiul almve Mn' aniiuai expenditure, has been 
 available for ))urposes of Capital. 
 
 II. A detailed statement of all the items of whii'h our debt consists, and of the 
 available assets we have to meet it with, shewinir the movement of each durinc each year. 
 The ditlereiice between the increa.se ofdi'lil thus shewn, and the amount which we have 
 expended during the period on I'nblio Works, and other accounts which are authorized 
 as cai)ital exjiendituri', but which are not inchuled in the stati'ment as available assets, 
 will indicate in another way the amnunl of expenditure aulhnri/ed on aci'ouni i>\' capital, 
 which has in fact been met out of current income. 
 
 There is another point in this statement which is wioihy of remark — thai whilst the 
 net debt has been increased durintr the period in (jueslion by #'_',4;il,'t.1<i..'t2, the average 
 rate of interest which it bears, which is the true test');!!,-! pressure u)»i'ii our linaiu'e.s, has 
 so much decreased, that tin- interest payable has barely been affected. 
 
 It is to be observed that the lu't del)l and net interest payable on it, as eiven by me, 
 are the debt as itactiially stood on July Ist, and th" net interest wiiieh would be payable 
 annually on that aniotint. This interest will not exactly correspond with (he interest 
 actually i)aid either <luriiiir the linancial year preceding or succeedinir July 1st, because 
 some jxntions of thedebl and inve.stmenf.'i have only been at that amount duringa portion 
 of each linancial year. Ihit in order to shew the actual operation, 1 append a statement 
 shewiiiff the actual exiumditiire and receijils lor interest on tiebt and iin estpninis iu the 
 year 1H(lS-!t as compared with the net interest as it stood .Inly 1st, 1f»)ft. 
 
 III. Til ' ehan!>e in the balaiiee of Consolidaterl I'und indieules the same eipendiluro 
 fir Capital jiurposcs out of income. V,> „ ,: 
 
It will 1..' s,>t>n that tho rt^sults of tht> thr«>t> stattMnoiits are not idontiral, and iho 
 H<''"on<l aiul thin! an- p.-rhiips the l)..Ht test of the Hnaiicial position of th- country. In 
 ordiuiiry y<'ars th.-re would be no notio.-ahlo diir.'r.Mu-.' l(i>t\v»>.>u thi> thrco, thouijh «ome 
 triKm!? roctifications of accounts in i)revious jcars will from time to lime occur, which 
 will ad.Mt the corrcspoudcuce between the (statements based upon the ohanpe in the debt- 
 and that fouiuled on the cash transactions of the year. But in th.- three years under 
 consideration, in consequence of tlie settlement with the Provinces, the dilferences are 
 more iini)ortant. The it.'ms which have affected the accounts formimr t':e n.'t debt, which 
 have not ])assed throuL'h cash are the following: 
 
 Debt increased 1M(!-.H by credit to Indian Fund (R A. 'fiTp.R) $ VUm 1H 
 
 Arrears to .SciiTii,. ins do '2.:VAii 4-J — i l;!,lt07 »*><( 
 
 Debt increase<l lH(!8.!i by credit Province of Canada (P. A. (m p. 1 -J) A:! I O.Htjt! K, 
 
 Indian Fund do S!,il;.'i' S-i 
 
 (ireat Western do 4%Mo JJl. -♦M;)ti.",'.4 !tH 
 
 l»el)tnicreased l«t::i-70 by credit to \ew Brunswick A KV.HO 17 
 
 <iuebec 474 7."i 
 
 liiiiikiii!..- Accounts 7;{ M—ii 11,128 2ti 
 
 11 w , , <:!«0.7'.tu M4 
 
 lM,t n-iluced lH(;7-.Sby del>itin'r\ova Sootin (P.A.'O!) pit) A !t7:! :i:; 
 
 Township Indemnitv .")47 o:', 
 
 Debt reduc.'d 1.si;k.9 |,y debitino- Township Imlemnityi* t;-J:! 4.-) 
 
 ]?aukis<r Accounts..... T-l 0(1— | tiiM". 4.') 
 
 Debt reduced 18tJ!i.7o by debitino- \,.\v lirunswick $ V*l 07 
 
 IJaukina- Ar'cotiuts.... 4.").')ti 17— |."i,;i47 •J4 — | 7.">t!4 0.*, 
 
 Hidnuce i(i:i7:!.22t» 7» 
 
 So also in ISCT-H Consolidated Fuiul was credited with ss.VJ.tlHI.Kl, an amount of 
 expenditure mi Public Works Capital charged to the P-.vin.'e. and which, therefore, did 
 not affect (Jashofth.. Dominiou or any o.iier debt account. 
 
 The comparison of the three methods of judsrintj- of llie liuancial j.roirress of th« 
 country will then stand thus: 
 
 Excess of Con.solidaled Fund h'eceijUs.. S1.771..")4:2 fu 
 
 Sinkintr Fund " iMiH.tiut! r,:, 
 
 *2.<lxo.14'.i 22 
 Not throuuh Cash, as above ."7:!.22t! 7f' 
 
 x2.;!oii.!t22 4;; 
 
 Public AVorks. iVc A4.7.'l*<..'^.-|2 74 
 
 Increu.se of Debt 2.4:!1.'.i."!0 .'12 
 
 !s2..'iO0.!t22 42 
 
 in. 
 
 Consolidated Fund, l.siH sri..',."(ii.KO;] 04 
 
 1870 4.197.UtH H(i 
 
 Decrease «2..'>iV'.(!(t4 24 
 
 Public Work.s, as above .V.'.cs) si 
 
 s2.?}o«,!t22 4:1 
 
 .TOITV LAVCrTOX. 
 Docomber :lrd, 1»70. A„>/ilor. 
 
I 
 
 Htatkmknt of the Rt-coiptN and Kxi)iMi(litnri> ol' Consolidated Fund in ISCT-S. mtif.;» 
 
 II lid lSti!t-70. 
 
 li'i'.cipts. iMCT-s $ l.i,7.'J7,470 12 
 
 Kxpciiditun' 1 :!,.■).!.), ti.l;> l!t 
 
 Excoss ol' RecHpts $ •Jo|,s:!.'i ,"i3 
 
 Rt'.i-ipts. ISCS-li «c 14.4'<.">.I.SIt .",7 
 
 Kxiicnditiirt' 14,l44.o4lt n.'. 
 
 Excfss of Ifcct'ipts s :!41,0".m .",:; 
 
 K'l'ccipts ISC.O.-n ii. ir)..'..'!;!.7it7 7:1 
 
 Expt'ndituro 14.:!o.").lSl :il 
 
 I^xci'ss of Ifoocipts sl,2'28,t!1ti ;V_' 
 
 Total KxcPKs of |{fceipt.s.. sl.T'L.UJ .'>7 
 
 Sinkintr Fund, lMti7-8 S .'!.'>.').2t)i! tii; 
 
 lSti«-!l 4-_'ti.S(l i till 
 
 1Hti!t-7(l 1 iitl,.V!:! :',:',— ^ iMlH.tiiltJ i;.", 
 
 Total siirplns Inromo of Consolidatod l""und fx- 
 clusivc of that applied in ri'diirtion of 
 ih.' debt I •J.<;^0,14!l -2.1 
 
fJ. V ;.:,"!■ 
 
1 1. 
 
 COMPARATIVE STATEMENT 
 or Hie Di'Ut of llir DoMiinion. 1SG7, IH<;k iHCi!) aiui 
 
 IH70. 
 
 .lulv l.vl, l>i''.". .Inly 1st. isiis. July l>t, 1m;!". .Inly M. isTii. 
 
 Viii/iihlf in Liim/dii. 
 
 # crs. 
 
 liii|>i'iiiil (luaritiiit'iMl F^iOiin (olil) J ]>. i'. 
 
 Jtii Iiitcnoliiiiiiil 4 p. r 
 
 Intorcoloiiiiil Loiiii .'> p. <• 
 
 Coiisolidati'd Ciiiiiuliaii Luaii riiintls...r) ]). c. 27,7S4,4(1I !>-2 
 1)(. Sln.k...;j p. e. :!.77iMri:l ;•:; 
 
 ('Miiada Bonds (did) ;'» j). f. 2ii7,tltlii 7n 
 
 Do do i! p. c. :i4,'.>47,.')(iti 71 
 
 Nova Scotia l!oiids ti p. c. 4,.')f^n,;')'MI tit! 
 
 Ni-w Brun>s\vii'k lioni.s " P- f- ."»,t';!7,4>*it Oti 
 
 Puj/nlilf ill Vditmln. 
 
 Canada J'.onds (oM) .'. p. c. ll'J.'.fj:. (II 
 
 Do do.. t; p <•. 1.J.")4,:i,-)() (t2 
 
 Do do 7 p. C.I .S7:).200 (10 
 
 Ni.va Scotia ti p. c.i 1,4><l.!(')0 00 
 
 N..\v Ikmiswick lip.c.i liMl.lioo 00 
 
 l']xcho<[\i(!r Hillw ; 
 
 Bonds convcvtililt' into Stock t^i p. c; 
 
 Dominion Sto<k (J p. C 
 
 Savinas Banks, Cainida 4 p. c.i 
 
 Do do u p. c.> 
 
 J)o Nova Scotia...... 4 p. c, t;44,«H7 02 
 
 Do New iSmnswick .") p. c.i .'.ItU,:;.-)'.! K") 
 
 \)o ^^ur^ tJa^ Ao U p. c. 178,000 10 
 
 Nova ^colifLSu.si)(>n.s(> Acconnt 
 
 Indt'innily U) Seigneurs and To\vnshii)s tJ p.c: 8,S(ilt,H|0 02 
 
 Not.-s, Canada j :5,11;!,7"t) 0<» 
 
 D.. NovaScotia i (!0/i,H59 12 
 
 s cts.' 
 tiM ,;!;!;! :!4 
 
 r\s. 
 
 •ts. 
 
 27.0X2,201 !t2 
 
 l.»72.4i:! !t:l 
 
 2(17. out; 70 
 
 24.'.'4.-).(i7:! .-iS 
 
 |,4C,(i.,l(M) 00 
 
 7.:iiio.noo 00 
 
 2.4:t.!. ;!;!••! -'A 
 
 2(i.s!i'.t. 127 0(> 
 
 4.t;.".7,4xH 7!> 
 
 2(i7.t!(;ii 70 
 
 24.!i42.ii4o 0.'» 
 
 t. 401). -too 00 
 
 4,8stl,ti20 (Ml , 4, ^.'^(■..020 00 
 
 r.i2,'.»2.') (II 
 
 1.24'!, (WO 02 
 
 x7:;, .:/0 (Id 
 
 l,4'i!..ioO 00 
 
 l!lt;,»00 00 
 
 (100.000 on 
 
 1,127.."):!H ()(! 
 
 l.'iO.OKS ,S!t 
 
 7:!.'.ioo 00 
 
 (i70,2s7 IK 
 
 (;:!;!.2.'.0 24 
 
 17S,000 00 
 
 .'i.Hti'.i.HIO 02 
 
 8,71i.'),000 00 
 
 .552,825 71> 
 
 l!(2.'.'2."> (I I 
 
 I,227,t;i0 (12 
 
 .'idO 00 
 
 1.481, (too (10 
 
 liUl.iioO 00 
 
 (l,:i7.'.,410 0;') 
 
 .-,78.000 00 
 
 :i.272,8(;i 0!t 
 
 o0;{,t!14 20 
 
 ;{.'>:i.2O0 00 
 
 (!5H,784 !»3 
 
 0!i4,10(l 8:i 
 
 17H.OO0 00 
 
 04, KiS 70 
 
 :'.,,H(i'.i.8lo (12 
 
 4.8.'JO,(l(IO 00 
 
 407,743 12 
 
 Totijl Funded Debt. 
 
 .^. 8o,07ri,70(i !M; 82,7I4,!i4.') 08 !|(iO.!t'.t2,75:3 97 
 
 Trust I-unds •! P- <•■' 1.178,410 .",8 
 
 Do 3 p. C.I ,").2.1(l,:!(;ii -l.') 
 
 Miscellancou.s i 458.0'.i2 ;!8 
 
 rrovinccs— ( Intario and (^uehcc, 
 
 Nova Scotia 
 
 New Brunswick 
 
 ..J p. c. 
 
 .•i.',8,822 01 
 
 l,2ti0.r.27 .'iO 
 
 !l.):!,!t4;{ 01 
 
 1.178,410 .•■8 
 
 .■,.27(l.:lx8 (lil 
 
 2.-.2.78:! 21 
 
 2,1.'>l.1!i2 i;i 
 
 84;i.8r)7 72 
 
 i'>(l4,»j28 (iO 
 
 1.178.410 .")8 
 .■(,2'.i!i,207 87 
 
 '.•7,1148 n.-, 
 
 4.o|0,8(i2 (14 
 
 (;.vi,7(i8 18 
 
 7,:!00.(iiiii tio 
 
 2,4:;:!,;!;!:l :!4 
 
 2«,:!7.V47:! 74 
 
 .5,181,142 II 
 
 2(>7.(i(i(i 70 
 
 24. '.•42,(14(1 (•.■) 
 
 4,400,:>(i(i (•(• 
 
 4,8,sf,.(i20 00 
 
 r.i2,'.^2.5 01 
 
 1,227,210 02 
 
 800 00 
 
 1,481. '.100 00 
 
 1!>ti,!IOO 00 
 2.224,353 70 
 
 57(!,OOn 6(f 
 
 4,o!»;i,ooi :>1 
 
 8!i.',,(i70 41 
 
 (i48,itO0 00 
 
 770,570 85 
 
 .'<0!^,521 50 
 
 17h,ooo 00 
 
 (14,1(18 70 
 
 •'!,80O,ii45 :>K 
 
 7,47'.i,:55:{ .-t.'! 
 
 .•i;i4,;!ol 05 
 
 10O,8H0,(lOt; 01 
 
 1,178,410 58 
 
 »,:!:!t;,2:!:! '.«:! 
 
 12'.(,12tl 40 
 
 5,748,774 (it* 
 
 4;i5,712 04 
 
 Total Miscellaneous i? 
 
 Bankinu: Ar.roiints. 
 
 l^ondon 'Ajfcnts 
 
 Bank of Montreal.. 
 Mit-cellaneous 
 
 !t,440,1(i5 23 ' 10,207,2tlO HO | 11,240,077 32 
 
 various, 
 
 .lo.... 
 
 1,22(1,548 .'iS 
 
 2.240,410 (17 
 
 50,214 :J4 
 
 1.;!72,87:! 87 
 
 2,5(10,000 00 
 
 101,580 ;!5 
 
 4'.»,080 01 
 80,080 I'J 
 
 Total Banking- Accounts * ;152(1,17!» 54 
 
 Total Liabilities.... 
 
 S»3,046,0ol 73 
 
 3,974,4(10 22 
 
 129,Hi7 10 
 
 !iti,81K3,C(i(i 20 '112,3tn,99H 89 
 
 12,828,257 70 
 
 215,570 75 
 
 2,022.805 51 
 
 85,223 tj5 
 
 2,32.!,599 91 
 11(1,032,404 22 
 
. .if-*=T>yi-t5*'. %-'.'' -i**^ 
 
 •W- 
 
 ■*f 
 
assi^:ts. 
 
 July 1st, 1^61. July 1st, iHtiH. ; July Isl, iSti!^. July l.st, IS70. 
 
 hivrstments. 
 
 t'oiisolid.iii'd Can, Loan Fund 
 
 Iiitortuiduial do '^ 
 
 New IJrunswick Bonds tj 
 
 Slorlintf Dchcntun's (! 
 
 Xurthi'iii Railway Binds tl 
 
 C'obourif Bonds i; 
 
 Toronto Bonds ti 
 
 Montreal Turnpike a p. 
 
 Con. Can. Loan Bonds ."> p. 
 
 Montreal Harhour Bond.s .", p. 
 
 Port Hope Bonds o p. 
 
 Hamilton Coupons .', p. 
 
 India Bonds -, n 
 
 Bonds lor Savings Bank .'i p. 
 
 I'o Intercolonial ,j p. 
 
 Gran<l Trunk Postal Bond.s variahle 
 
 Do Prel'erenee Sto.k , 
 
 Miseellaneou,s Con. Fund Investments 
 
 Great "Western Bonds (variable to 'tj!t)..4 p. 
 
 Intercolonial Construction acc't ;ij p. 
 
 Kxchequer Bills 
 
 * CtR. 
 
 1,207,222 26 ' 
 
 * cts. 
 
 L5t>-2,488 92 i 
 
 H:i,7(lO ()(j 
 
 H:i,70(i 6« 
 
 24:!,3:i:i 3:; 
 
 :il,210 47 
 
 l«,Ms:i (10 
 
 t'7,2oo 00 
 
 2ll.2t;ti 
 
 2;!.5H7 
 '^2,24« 
 
 (58 
 77 
 
 80 
 
 t;81,:^:{S ;U 
 
 24:!.3:!;} :53 
 
 2L2in 4" 
 
 I7,ix:{ OC 
 
 07,200 00 
 
 .V!.o;i;! «;? 
 
 211.2ti(i (IS 
 
 2.'!,5S7 77 
 
 llt,.S4:) S5 
 
 (j.sL;i;f;i 34 
 
 .!t')2.7!t.'» 
 
 ;i(;..ioo 
 8;i,70(i 
 
 14,tioO 
 
 24a,:i:!;i 
 
 21.210 
 
 12,«03 
 07,200 
 
 2n,2(itJ 
 2;i,o87 
 10,781 
 
 681,3;!3 
 
 ct,s 
 
 58 
 
 00 
 
 00 
 
 00 
 
 3.{ 
 
 47 
 
 00 
 
 00 
 
 33 
 
 68 
 
 77 
 
 3,-> 
 
 34 
 
 121,(!tUi (W! 
 
 121,7;!!* tiO 
 
 !ts,:i.^0 25 
 
 2,81O,.-)O0 00 
 
 121,0(i0 (;o 
 
 121,73't 06 
 
 !»8,350 25 
 
 2 810,500 00 
 
 Total Investments 
 
 Miscellaneous. 
 
 'roviii' i 
 
 ■ ■>> 
 
 ...•) p. c 
 c 
 
 of Canada Debt 
 
 New Brunswiik Debt 5 p 
 
 Provincial Accounts 
 
 Nova Scotia Suspense Account 
 
 MiscoUaneous 
 
 Total Miscellaneous. 
 Bimkiiitx Aecoifnts. 
 
 Cash 
 
 Issue Account ai'/l Specie reserve.... 
 
 •Financial Aa'cnts 
 
 Bank oC Montreal Silver IJebentun>s., 
 
 5 785,782 30 j 6,136,446 92 
 
 234,000 (M) 
 
 i2i,(;oi; 00 
 
 121,739 66 
 
 98,350 25 
 
 2.708.234 70 
 
 2.000,000 00 
 
 6,575,410 05 
 
 * cts. 
 
 2,001,-102 24 
 
 1 1 4. .100 07 
 
 HS.70(i Oi; 
 
 14.000 no 
 
 24.!,333 33 
 
 21,210 47 
 
 7,203 no 
 
 67,200 00 
 
 53,533 33 
 
 211,206 OS 
 
 23,587 77 
 
 I6,7S! 35 
 
 OSl U33 31 
 
 9,000 00 
 
 157,100 00 
 
 121.000 00 
 
 121,739 (»0 
 
 9s,350 25 
 
 2,076,176 03 
 
 4,88:{,0H9 49 
 
 2,224,353 70 
 
 15,388,052 83 j 13,231,127 2i» 
 
 10,045,533 63 I 10,iO2,o;]0 07 10,489.769 30 10,504,914 47 
 
 940,()99 44 
 
 319.822 77 
 
 3,842, 1(>5 67 
 
 125,054 61 
 
 5(!9,541 89 
 
 5,959,(i02 32 
 
 125,054 01 
 
 21,258 29 
 
 10,045,533 63 
 
 5S!t,ns5 23 ! 
 757,140 00 
 22,40.3 59 ' 
 
 11,723,359 51 
 
 1.425,786 00 
 <(3S,440 00 
 
 lo,5ti!t IH \ 
 572,443 47 '' 
 
 14,770,812 35 17,180.431 58 
 
 2,966,930 73 
 
 1.X99.O00 00 
 1. II 8^259 m 
 72,443 47 
 
 2,252,602 38 
 
 2.H83,430 07 
 
 12,204 42 
 
 Silvei' Deposit Acco>int ; I ' ! ' 1 277 8I.s" 4!t 
 
 Silver CJiaru-es .locount | , I '" ''...'.'...".. ...... .. '58 7-'4 0.'» 
 
 Silver Coinnae Account | ...'..,.......... (i57 K2(i 25 
 
 Miscellaneous Banking: Accounts 
 
 Total Bankiiiir .Vccounls. 
 Total As.sels 
 
 117,465 61 I 332,487 ;iK I 331,180 13 I 317,721 40 
 
 ...$ 1.480 ,094 43 
 ...* 17,317,410 36 
 
 3,279,72603 
 21,139,531 46 
 
 6,887,814 01 I 7,400,333 60 
 
 36,502,679 19 | 37,871,892 53 
 
■ ■■■■-:'.. ./'■.-'..^.'■■.■■'■'^:.^.r ■]■ comparat:ve statement 
 
 Of tht' Pi'1)t (if the l)oriiitiii>ii rrmii .liilv i, I'^UT, to.Iiilv 1, 1><7". mcordiiii! t" thi' riit<> of iiiffrcst it )»':ir!*. 
 
 I-UBIMTIKS. 
 
 i-<tn 
 
 1Ht!8. 
 
 I 
 
 !»<«?». 
 
 cts. 
 
 $ cts.' 
 
 cts 
 
 ls7(i. 
 
 rt«. 
 
 Without intereHt i .'),540,ti31 40 7,:!57,51t; IM ]t;.12ti,7o« 7.V lii,0ti.j.!t01 :,S 
 
 At varying rates \ 1,47"),9C') ii> 1, . '572,873 ST! 4!I,0H0 '.tl 21.">/.7i> 7'. 
 
 At 4 per cent iiitori'st ! l,:i2(J,<l20 ;5»! 1.482,,']0;i 41 S.4ti:i,;!4!t !!• . 10,9,s8.4Ari 77 
 
 " 5 '• '• : ' 30,105,404 Oti a8,H4-.'.t!04 is 4l.».Vi.7.".7 7.^ 41.fi8(l.r.OS .';7 
 
 I 42,724,770 ti:, 44.4f;8.1t;2 (Hi 4H,27;J,05l 7*^ 47,it81,ti27 7". 
 
 i 2,878,200 oo .1,;n:i,200 Ooi •, j 
 
 " 6 
 
 " 7 
 
 Totaldeht M,046,0")1 7.'! !tt;.H!t(;,t!t;t) 20 11:.'.:!t;i.!t!tS ;v.» lUi.0:{2,4»)4 22 
 
 Totiil iiiteretil 
 
 Aveviitre rate i>r iiii.Ti'^l. 
 
 4,s:>l,710 70 4. '.171.270 O;) .J.lss.tiU On .'•..1.'..'!.8:.2 08 
 U.21 ; .-1.1. i j 4.(12 , 4.44 
 
 as.-;kt.<. 
 
 Without iiitc-ri'j^t 
 
 At varyiiii^ rale.s 
 
 At •'] mid 3?. pi'rciMit iiiteri'st. 
 
 At 4 per rent interest 
 
 « fi " >> 
 
 K*(>*K.>*.1***«*-.,'' 
 
 " ti " " 
 
 ! , I • 
 
 1.4t;;l(i!Mi h:\ 4.20!i.s,jt; 2'.» I.".,s|2.|S4 lU; l.",.0OS..'.4H o' 
 
 •!. 174. Olio It; ;!. I (;2.>*2."> 7". 1.4i;o.(Uti 2."i l.".:!.s71 (ix 
 
 •2."0fi.iH!() Oil 4,sx:l.(ix<i 40 
 
 2.7<!M.2:!4 7'» •2,'i7t!.17ti 03 
 
 12.244.725 On 13 ••134.2 1.'> Oti 14.01!t.:!!tii 1 J 14.342.804 Jl<!_ 
 
 4-34,333 47 432.t;33 4ti 442.8.^:! 4t; 437.313 4'I 
 
 Total a><sels...,. 17.317.11(1 3i; 21,130.;i3] 4i; :iil..Vi2.t;70 10 37.H7 1.802 ;")3 
 
 Total interest li!t!",Siii( 77 7."i3.40ll 0(l !••J>.l,■J|•,^ -ji) l.imO.JiH,') 11 
 
 i I 
 
 Aveni-re iM(e (>r iiileresi 4.1*4 I .•;..'>7 I 2.58 i 2,04 
 
 
 lHil7. 
 
 lHi;s. 
 
 lHtl',1. 
 
 iK'lt. 
 
 I # pIk. 8 cts. * cLs. t* lis. 
 
 Total debt ; O3,04»i,n".1 73 0(!,KOt!,titt(i 20 112,iHi1,00H 3!t ll(i.C.'12,4t;4 22 
 
 I i 
 
 Ti)tal assets 17,317,410 30 21,130,'i31 Hi 3tl..';02,(170 ]!♦ !17,«71.H02 ;".3 
 
 Net deht 7.".,728,i;41 37, 7.'>.7;')7,134 74 7.'>..'<.'.0,:il!» 20, 7H.Hiti,,")71 00 
 
 Tiitiil interest on delit 4.H.M,71(l 7t) 4,074,270 !•:! ."..ISS.iUl <»)] .".,I.">3.H.V2 OM 
 
 Tu.al interest on assets liOO.HlM) 77 7.'.3.400 00 020.208 20 1,(100.08.-, 41 
 
 Net interest 4,ir.l,Sl!t ;i;! 4,22<».7HO' !i:! 4.2.".0,:i7:! 70 4,1'i3.1fi7 .'.7 
 
 Averoiferate ' f>.4H | g. M - :;j '>.03 ;-..31 
 
CAPITAL Kyri-:NDITl'i;K. 
 
 lHi!T.8. 
 
 I 
 
 ISliH-D 
 
 lHtJ!t-70 
 
 TOTAL. 
 
 I'lihlic AVnrks ' 6!!7.T01 tW ' :$8-..4n7 "0 , 200.93.10(5 
 
 l.fss Sal.'s and Stores..; 1;!,5\o "(» 4l.ltit;71 i |*.*'"" "l^ 
 
 1,193,044 44 
 63,741 71 
 
 I 5''412t) 68 ! 344,240 99 ! 2(J0,93-) OH 1,129,302 73 
 
 Intovcolonial T?;.ihvay....' o<MiSl M H;!',7«2 12 i l,r.ti7,58»5 40 l,7«7,4.-.(» 1.1 
 
 Aciiuisilioii aiul opfiiinsr „^ ,„„ _,. ^ o.n„n.. u- 
 
 ot- N..rtl, West... '■-■■■■■-^^-:\:::i-ii:i:--:ii1'^--'^^^J^A2^ 
 
 574 "08 32 1 .'>14.02:! 11 :!,imO.(!2I -U '. 4,7:!H,8')2 74 
 
 lucreaso of .lel.t ' -^-^"^ J!^..! _^!!^"lii'i-L-'i!'^'-^- -*'' i --^^^l- ''^^ ^- 
 
 ''tnl£;;:fr .45,7.4.. i 4n,83«n5 :l,349.3«8S2 ^.30fi.922 42 
 
 111, 
 
 St\tkmfnt oI' th.' iliniiire in tli.' 1)nl:iiice of (V>iis..liilMl.'(l FuikI rroiii .Ttily 1, 1Mi;7 to 
 
 .Inly I, l«7<i. 
 
 ('onsolidiiteil I'luiil Dr. to sniidiy ]iiit>ilitii's ii.«- 
 t suiin'<l iroiii the several l^roviiiees 
 
 .lulv 1, 18ti7 (nV/pP.A.lHt;it]..S) *7!t,22!«.7.12 7o 
 
 ,lo Cr.'bv .suiidrv assets assumed * 7M.7.".4.!Mi2 (13 _ 
 
 LessC.reat Western [nter.'st aec.nnt reversed... l.(l.-2,032 37— !»72,t;< 2.029 hi, 
 
 l'„danee as.Inlv 1, 1807 4 0,550,803 04 
 
 l!al,.n.e,lnl> T. 1^7(1 4.107,198 SO 
 
 « 2,359,t!ti4 24 
 
('o^^•ARl>;()\ oi' i\t 
 
 'H I" roMrrTKD and in'tkres 
 
 IniporiHl Guitraiitot'd (> m 
 
 J)o IiiliTcolonial I) 111.... 
 
 IiitiMvolDiiial !t 111 
 
 Conisolitlatt'il Caiuuliuu Loan. 
 Do ."^tock . 
 
 Canada.') per coiit 
 
 Do ti jK-r (•('lit 
 
 Nova S('f)tia 
 
 Ni'W JJiiiii.swick 
 
 Total London. 
 Canada 5 p. c 
 
 do. 6 p. c 
 
 do. 7 1). c 
 
 Nova Scotia 
 
 N(>\v Brun.swick 
 
 Convertible to Stot-k 
 
 Sto(<k 
 
 SaviuiTS l?imk, Canada 
 
 Savinii'.s Maiik, Nova 8totia 
 
 Saviiisis liaiik, New linm.'^wick.. 
 
 Bcitriu'UVK and Townsliip.s 
 
 Indians and AVidows 
 
 Other Tru.sl Funds 
 
 I'rovincc of" Nova iScotia 
 
 London Asjonts 
 
 I-Saiik of Montreal 
 
 Total 
 
 Total on Inve.stineiils,. 
 
 ( oiiiputed. 
 
 i!:t:j, 0(1(1 (HI 
 
 1:2 1. (Kit; ()() 
 
 i.;i44,!i;")(; ;j.) 
 
 :i8L',HT4 4n 
 
 1.'f.:!H.S :',:', 
 
 1,4!M1,,-).. ' 40 
 
 :Jil7,t!l.S (Ml 
 
 l".t;5,T.t7 20 
 
 I'aid. 
 
 * ets. 
 
 lo.tWil ti7 
 
 211I.0O0 00 
 
 !'1,-JjO 00 
 
 1.:!47.44i; 20 
 
 2:!0.2ii2 24 
 
 1;;,:;^:^ iV.i 
 
 1,41't!.704 40 
 
 itiT.ino 00 
 
 2!t4,?<(;:! 20 
 
 T I'Ain, Hi;>-<i. 
 
 .iiiada delit. 
 ^ JH.deht 
 
 4,0()2.2.U 37 
 
 !Mi4t; 2.') 
 
 7;),(i.'>ii (JO 
 
 .SS.il 1 4 00 
 
 1I,S14 00 
 
 :)t.(!S(l (10 
 
 1!'(i,:!71 00 
 
 ;!7,S04 (■>(! 
 
 2(>.:!4!l ?,C, 
 
 4:'). -is.') 00 
 
 2:!2,IS.S 0(1 
 
 14:!,r)ini d'! 
 
 1!I2,1.V". Hi 
 
 ;!2,(ls.") 40 
 
 1,227 04 
 
 ;},!I74.. •'.«(! 04 
 
 !•,(;:!»; 24 
 
 7.'!,(!SH 8(i 
 
 :!0,.")ti2 00 
 
 .SS,!I14 00 
 
 11,S14 00 i 
 
 2.".,o20 22 
 
 Ns.4(i4 i".(l ! 
 
 21,0114 72- I 
 
 2(;,:!i);! ^-2 i\ 
 
 4:!.2I!I ?,H \\ 
 
 2;!2.]S8 (J0-|i 
 
 14.-),771 71 J 
 
 1!'^,2(17 2o I: 
 
 A/l,o2:; 12 
 
 r,,:!74 2« , 
 
 70,.'J7.5 85 
 
 >*in'l^iiii!' I'iukLs 
 
 \. li. lionds 
 
 NorllK^r.! IJ. 1{ 
 
 Coliour,';" lionds 
 
 Toroiii'i lionds 
 
 Montreal Tunipike Ikmds 
 
 Miiiilroal llarlmr do 
 
 Tort Hope do 
 
 Ilainilton Coupons 
 
 ; (IT.IM'o.slal JJonds 
 
 ! (r.W. Bonds 
 
 j India Bonds 
 
 \ Bank ol' Montreal 
 
 ! Canada ') ]). o 
 
 do G ]). e 
 
 London Agents 
 
 Total. 
 
 Computed. 
 
 t redite(L 
 
 A 
 
 ctis. 
 
 # ets. 
 
 r.24,4H8 
 
 40 
 
 .524.SS7 04 
 
 l.-..'.i!M 
 
 l.i 
 
 
 J>9,4ti4 
 
 77 
 
 SI.2S7 76 
 
 r).022 
 
 'M 
 
 4.l'o.') 60 
 
 14,000 
 
 00 
 
 14,(100 00 
 
 1.272 
 
 00 
 
 I.HOS .ss 
 
 7 OS 
 
 IS 
 
 l,:i.')S 24 
 
 4.(i-12 
 
 00 
 
 (l,04S 00 
 
 10..')ii:! 
 
 .'!;) 
 
 l.')..s4.") 00 
 
 1,1711 
 
 3H 
 
 1.7ti!i o:i 
 
 sl^il 
 
 06 
 
 
 :!.041 
 
 06 
 
 '.I.S42 .Vi 
 
 110,721) 
 
 36 
 
 .'■).■>.:!(; 4 till 
 
 84,006 
 
 ihi 
 
 .■14,0(i(; 67 
 
 1)0,000 
 
 00 
 
 4;i,o03 .-)S 
 
 14.:{70 
 
 is7t) 
 
 66 ) 
 00 ( 
 
 7.H40 01 
 
 27.!ir,(i 
 
 41t 
 
 :!(;,121 24 
 
 !i21t,2i;S 
 
 10 
 
 8:iH,i108 24 
 
 r>.lS8,641 82 
 !t21>,26S 10 
 
 4,25!t,37ii 72 
 
 Interest on Del)! com pitted . 
 J)o paid 
 
 I)lte-(f)/7 on Assets eoiiipiited. 
 Do eredlled..., 
 
 s.").1,s8.()41 82 
 .3,1.-)7,804 Oil 
 
 !I2!I,268 10 
 S:!8,!I08 24 
 
 830,8;!7 
 
 tiO,3.V.l M 
 
 ])ill'"r"llfe*'n Net Del)) .■)!i,r)22 13 
 
 f. 
 
 I'he amounts paid andireeeived are thus diaru'ed 
 
 Interest on Tuhlic Deht 
 
 Ontario and (^uehec tSiilisidy Accounts. 
 Province of Nova .Scotia Deiit 
 
 4.n07,013 71 
 
 1!V,.267 2;i 
 
 /i:i.52;! 12 
 
 Interest en Investments ^: 
 
 O. \' Q. Suhsidy Account \.. 
 
 .«;314,021 20 
 
 .. 024,887 04 
 
 .■),ir)7,804 OS 
 
 \ 
 
 i|838,5»08 24 
 
 V