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------ Re REA, Aj PROVI t NET ORDINARY REVENUE Department h : " The Treasury Department of ONTARIO "OF O Announces the Results of. the "Pay-As-You-Go Policy" for the | Fiscal Year, April 1, 1936 to 'March 31, 1937 4 FRRt af it Statement of Ordinary Revenue and Expenditure for the "Fiscal Year ended March 31, 1937 NET ORDINARY "EXPENDITURE rt = - 2 2% 3 DCH -- iy) CERTIFIED TRUE AND CORRECT Provincial Auditor Amount Department Amount Agriculture $ 807.6% - Agriculture $ 1,546,471.94 Attorney-General 1,290,603.33 "Attorney-General : 2,290,164.08 Education 1,803,92 Education ( 10.001,950.31 Game and Fisheries 782,217.63 Game and Fisheries 446,131.57 . Health 38,485.95 © Health . 6,128,023.08 Highways-- 'Highways o/ - 4,931,306.65 * (a) Signs, Pumps, Garages, etc $ 298,076.18 Insurance I : ut | 165,247.87 (b) Gasoline Tax (less refunds) 15,761,876.97 ~ Labour 270,973.87 (¢) Motor Vehicles 10,916,491.08 Lands and Forests 1,890,019.83 26,976,444.28 Legislation : 270,314.38 Insurance 237,840.86 Lieutenant-Governor : rf 12,459.13 Labour 7316.17 Mines $19060.88 Lands and Forests 2,974,907.54 Municipal Affairs 63,053.57°- Legislation 6,927.07 "Northern Development 1,407,475.63 Mines 2,110,581.32 5 Prime Minister 153,806.20 ~~ Prime Minister "22,632.20 Provincial Auditor 112,577.29 . Provincial Secretary | 680,750.23 Provincial Secretary : . 86323741 Provincial Treasurer--(including Succession Duties Collected, $15,991,350.80) 45,344,211.91 Provincial Treasurer 962,164.58 Public Works © 7,283.34 Public Welfare 5.005,388.34 - Stationery 'Account--(Excess of Distribution over Purchases). 5,626.60 Public Works 1565,698.28 : : ; Miscellaneous--Including Workmen's Compensation Board-- 7 (Payment to Board, $47,458.15) 54,238.58 a $37,360453.07 Public Debt--Interest, Exchange, etc. 20,543,990.38 : AAA y $57,904,444.12 Unemployment Direct Relief and Administration thereof 13,270,057.29 $80,488,439.95 -- $T,17450141 $ lili | RECAPITULATION - : Ordinary Revenue and Expenditure Ein Ordinary Net Revenue as above... seas $80,488,439.95 7 » , Ordinary Net Expenditure as above (before providing for Unemployment Direct "Relic. 57,904,444.12 3 Surplus-- (before providing for Unemployment Direct Relief) a weenie $22,583,995.83 ] Less--Unemployment Direct Relief and Administration thereof. 13, 270, 057.29 ? Surplus for the Fiscal Year ended March 31, 1937.....cviiviiirersrrsnniens §: 9,313,938.54 ; ! : } THE DEBT POSITION OF THE PROVINCE OF ONTARIO 'a 0 - As at the.close of the fiscal year ended March 31, 1937 7 * GROSS DEBT As at March 31, 1936...f uve vccnersmessssivinuns TERRA, . $689,558,513.76 As at March 31, 1937 it 656,460,348.37 : Reduction in Gross Debt for the Year........ " --$33,098,165.39 a DEBENTURE DEBT (LESS SINKING FUNDS) fii TREASURY BILLS OUTSTANDING As at March 31, 1936 ,.. $ 594,112,954.50 As at March 31, 1936 $50,000,000.00 As at March 31, 1937. 567,973,130.86 As at March 31, 1937 : } 38,000,000.00 Reduction in Debenture Debt for the Yeas...... wiriariny 8 26,139,823.64 Em Reduction in Treasury Bills for the Year.....uuuuin. $12,000,000.00 ---r In' pursuance of a promise made during the. Third Session of the Nineteenth Legislature of the Province of Ontarto, I take this opportunity of publishing, for the information of the citizens of Ontario, the above financial report, together with this announcement as to the plans of the Government for passing on to the people certain benefits Rett . MUNICIPAL DRAINAGE AID AND TILE ' DRAINAGE DEBENTURES SEER | A reduction in interest on Municipal Drainage Debentures and : Tile Drainagé Debentures effective April 1, 1 from $s per centum to 4 per centum. PASSENGER MOTOR CAR LICENSE FEES A substantial reduction in passenger motor car license fees will be'announced before October 15 next. SHEA FAR; | i LICENSE FEES ON COMMERCIAL VEHICLES y Effective on November 1, 1937, when the 1938 permits wilt be available, there will be a reduction of 25 per cent. in the fees to be charged for the registration of all farm trucks and all other commercial motor vehicles and commercial trailers, . erators of commercial v * The approximate annual saving will be $1,000,000,00 to the op- made available by reason of the surplus of $9,313,938.54, realized last year;-- PROVINCIAL SUBSIDY ; 2 The Provincial Government will pay, by way of a grant, to every city, town, village and township of the kl on a sum represent- ing the equivalent of one mill on the dollar of their respective . -assessments for general municipal purposes. This grant is made unconditionally but in the expectation and with the intent that * the amount shall be passed on to the taxpayers of every commun- ity by a reduction of one mill in the general municipal tax rate. This subsidy will amotint, in the aggregate, to the sum of approx- "imately $3,000,000.00. =. | tae pin ROAD SUBSIDIES TO TOWNSHIPS The 313 Townships which have in the past recéived subsidies of «less than 50 per cent. will enjoy an increase to 50 per cent. The annual benefit} to the 313 Townships will be approximately -- $300,000.00, ! OLD AGE PENSIONS AND MOTHERS' ALLOWANCES To further take the burden off real estate, the Provincial Govern- ment will assume the municipalities' share of Old Age Pensions and Mothers' Allowances, This will enable the municipal councils to reduce their fetstion by approximately $3,500,000.00 per annum, PENSIONS FOR THE BLIND : "The Province will assume the municipalities' share of the cost of this social legislation, It is estimated that the municipalities will therefore save approximately $100,000.00 per annum, AMUSEMENTS TAX = «=. © Effective June' 1, 1937, the Amusements. Tax wil go oat abolished. As over 80 per cent, of the amusements tax is collected from Al missiotis of 25 cénts or under, the benefit, largely to citi- zene of lesser TABS, 'will apt ont; to $1,500,000 for the year * 1937. © : fis Ri Ba fh ie A SES SS BL