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* : THE FLESHERTON ADVANCE WEDNESDAY, MAY 12th. 1937 "* ONTARIO The Treasury Department of the PROVINCE OF ONTARIO Announces the Results of the "Pay-As-You-Go Policy" for the Fiscal Year, April 1, 1936 to March 31, 1937 • Statement of Ordinary Revenue and Expenditure for the Fiscal Year ended March 31, 1937 NET ORDINARY REVENUE Department Amount Agriculture J SOT .65 Attnrnfy-General Ij«0.o0i.33 Education 1,S03.'52 Game and Fisheries 73.' ,.' 1 7 63 Health 33,485.95 Highways â€" (a) Signs, Pumps, Garages, etc $ 293,076.18 C6 ; Gasoline Ta.t (less refunds) 13, 761,376.0" (c) Motor Vehicles 10,916,491.08 26.976,444.23 Insurance 237,S40.86 Labour 7,316.17 Lands and Forests 2,974,007.54 Legislation 6.027.07 Mines 2,110.531,32 Prime Minister „ 22,632.20 Provincial Secretarv- 680,750.23 Provincial Treasurerâ€" (including Succession Duties Collected, $15,091,350.30) 45,344,211.91 Public Works 7,233.34 Stationer>- .\ccount â€" (E-xcess of Distribution over Purchases) „. 5,620.60 $80,438,439.95 NET ORDINARY EXPENDITURE Department Amount Agriculture S 1,546,471.94 .\ttorney-Gencral 2.200.164.08 Education „ 10 OQI.J50.31 Game and Fisheries 44o.Ul.57 Health 6.128.0:3 08 Highways 4.QolJOo.6S Insurance o5.247 37 Labour 270.073.37 Lands and Forests l,SOO.0W33 Legislation 270.J14.38 Lieutenant-Governor 12 450.73 Mines 31o.a60.53 Municipal .\ffairs 63.053.37 Northern Development 1.407 475.63 Prime Minister 153.SQ6.20 Provincial Auditor 112,577.29 Provincial Secretary 303.237 41 Provincial Treasurer 062. 164. 58 Public Welfare 5 005.3SS.34 Public Worlis 5o5,oOS.:s Miscellaneous â€" Including Workmen's Compensation Board â€" (Payment to Board, 547.458.15) 54.368.53 S37.Jo0.4S3. 77 Public Debtâ€" Interest, Exchange, etc ;0.543fWe.3S $57,004,444.12 Unemployment Direct Relief and .\dnunisttation thereof 13,270.057. 2<) S7 1.1 74.501 41 RECAPITULATION Ordinary Revenue and Expenditure Ordinary N"et Revenue as above 5S0.4SS.439.95 Ordinary Xet E.xpenditure as above (before providing for Unemployment Direct Relief).... 57,904.444.12 Surplus â€" (before providing for Unemployment Direct Relief) 522,58,5,095.83 Less â€" Unemployment Direct Relief and .Administration thereof 1.5.270.057.29 Surplus for the Fiscal Year ended March 31, 1937 ^ 9,313.938.54 THE DEBT POSITION OF THE PROVINCE OF ONTARIO As at the close of the fiscal year ended McU-ch 31, 1937 GROSS DEBT As at March 31, 1936 56S9.55S.S13. 76 As at March 31, 1937 o56.4(jO,34S.37 Reducdoii in Gross Debt for the Year . ?3 3,098, 165.39 DEBENTURE DEBT (LESS SINKING FUNDS) As at March 31, 1036 :> 594,112.054.50 As at March 31, 1937 507,073.130.36 TREASURY BILLS OUTSTANDING .\sat March 31. 1036 As at March 31, 1037 550.000.000.00 33.000,000.00 Reduction in Debenture Debt for the Year $ 26,139,823.64 Reduction in Treasury Bills for the Year S 12.000.000.00 CERTIFIED TRUE AND CORRECT Frovincioi Auditor In pursuance of a promise made during the Third Session of the Nineteenth Legislature of the Province of Ontario, I take this opportunity of pubUshing, for the infornnation of the citizens of Ontario, the above financial report, together with this announcement as to the plans of the Government for peissing on to the people certain benefits made available by reason of the surplus of $9,313,938.54, realized last year; â€" MUNICIPAL DRAINAGE AID AND TILE DRAINAGE DEBENTURES A reduction in interest on Municipal Drainage Debentures and Tile Drainage Debentures effective April 1, 103 7, from S per centum to 4 per centum. PASSENGER MOTOR CAR LICENSE FEES A substantial reduction in passcnser motor car license fees will be announced before October IS ne.xt. LICENSE FEES ON COMMERCIAL VEHICLES Effective on November 1, 1037, when the 1038 ijennits will 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. The approximate annual saving will be $1,000,000.00 to the op- erators of commercial vehicles. PROVINCIAL SUBSIDY The Provincial Government will pay, by way of a grant, to every city, town, village and township of th* Province 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 pas.sed on to the taxpayers of every commun- ity by a reduction of one mill in the general municipal tax rate. This subsidy will amount, in the aggregate, to the sum ol approx- imately $3,000,000.00. ROAD SUBSIDIES TO TOWNSHIPS The 313 Townships which have in the past received 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 â€" $300,000.00. OLD AGE PENSIONS AND MOTHERS' ALLOWANCES To iurthiT Like the burden oft real cf^tate. the Provincial Govern- ment will assume the municipalities' share of Old .\ge Pensions and Mothers' .Xllowance;-. This will enable the municipal councils to reduce their ta.xation by approximately .S,*, 500.000,00 per annum. PENSIONS FOR THE BLIND The Province will a.*sunie the nninicip.ililies' share of the cost of this social legislation. It is estimated that the municipalities will theretore siive :ipproximatcly $100,000.00 per annum. AMUSEMENTS TAX Effective June 1. 1037. the .\musements Tax will be totally abolished. .As over 80 per cent of the amusements t.i.x is collected from admissions of 25 cents or under, the benefit, largely to citi- zens of lesser means, will amount to $1,500,000.00 for the year 1037. frimt Mmairr amd Provincial Trtasurtr.