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es ; enue, surplus, e f three Covernments of <] s spsrovfl'"'?:'r?%:nd;ht:n&;:fl .:'eonnrtp for the demi.higg ugnebec and Ontario, th:iii 4 | o he:fpg:e ears, _ The surplus for ean" _ ase o funds should not nb:.u"'::: s iding 4 e':i;fmm i&b% to the presens time were as such 'time "h u.l% bg settled aemly. : f llows:--1838, $1,076,323; 1309, $1,180,510; between them sho me endeavours had been x 1%"'0 "'20.0?3; 1871, $516,312; 1872, $1,-- / During the F'""' wo settlement with Quebec .. Cw 21-') '}91: 1873, $5%1,303. With l'%ll'd to the | made to lva." & matters in dispute be-- <A M \ last statement, he bad not included the cash | "ith refrre P95 Drovinces, Some progress d i: ltl:nd but had merely taken the actual | tween the two Pr::an.ome of the heads l f ue without reference tothe cash ia hand, had been mado basis of agreement had -" re;_e:i' roperly represented the receipts of the which . may f'mn*.wttlementhnl been ar-- & D "'e:"dgg?w The return showed ho# much been discussed. tllx'e':O was a perfect entente i l K BM been invested each of these years in per-- rived at, but the two G>vernments, l K C : . in other works, cordiale between the d P ements, or, in 0 f that «alousy on the ) § expended on capital 'account Ts Giraiie "'"'}'g"fi"fifi:fi had ~ -- sedher to look 1 : C f this purpose , rt of Quebec Th 2. o & sus-- t# amount for these six years for P PRA is Province with me.degree of sus l & they expended upon this 1 r0 io..»* really 'at issue M a was $2,040,113. Last year they i. 4 The -- questio.s y 4 4 ? 35514,0859, while the simi picion, bt be d & . f:'r:?:ll:t?:: lfl:r?:o 'ti% 1p;e;§iin8 m; weri'oy v::t);lefiewv'rh:d .c: ufi,p::tn('l'{":y was l -- | « *Caks 6 e -t' cas 4 fuve s s -'. P his f re%eomol' "'?'"&'fi' 11\317&.%6;; Mackenzie, , given to the Gover fi'??ffiic?th":"fifimfifi'fi 8 d Medo is financial statement in the year | Eirangement of 1873, By which the Dominion s1 E$ ; Il.' ; lllai: h:fi a tabular statement pre-- | gove:nmcg'iii lmlme foang subjects bf con-- d i f s'f'd which would be found annexed to debt, woul ren'a:;e two Provinces, and es 4 h that statement, and from which it would ere temn gmge:hich ore the. shtet matterss | pear that the amount expended up to that $f difi'zrence- In addition to those special <Al K "time, including the amount of the apbrollglll- ' funds, he also had a rlfiht to refer to a%other @1 Strest The amomit expended under this estate --nameiys the Te o on 1tat o wgos 8. * 0, 221. t nec 4 o } § l head, together with the am&mt( exp:vn.d£ 1&%(():8,'2)00 set apart under idtli: c.rhug'; tg:: iz s 3 during 1873, made a gross to a :o h'ilpf Cth to aid drainage opentlon(s}, ese °Pt s Ths SA 64 of $2,000,000. _ Then to procecd t _ R being undertaken by the es Sud upon thet § » l ninth shp mad nb e snn pene inane eaanate mie $ f members to what could fairly be « * ing comple e V A £ pX! the financial position of the Province as it g;mghcso ':,peu{ions became liable in the | f was on Ist January, 1974 They had the shape of rent charges uaa pay the mtems; 3 following assets or resources ::-.Fu'ltl)y, upon the amount expended, That 'aml:;:nt 8 E invested funds in Dongmo: _leclt)x.r;'ilqs, $2,+ bfzn thentxrfilyl ;\-pe:(})eede (\lx':!l'lzgtlte l tZ:::é ; § f 747,805; deposits at interest in ing in-- and they should no 4 t x | ;ti:utiong, 3(11',4;11;,7'.'9; invested in drainage on the entire amount expended, _ This year debentures, $53,949; cash in hand, $277,-- $200,000 had been set aside by the Act of his j 948; making in this shape of m;estment, }:ongvnnll')le fu'?;ld' the Oom;'ll:m:elri :é"l:;: | + d $456,431. In addition to that there was ic Works. 'here were l y ty Eg: ( rednce: Municipal -- Loan Ffl'l:% undedrtla)ken wl:ixch ;(e;e :o':fld':lve:;:eg: n(}:;: M % + ight thedeebt as it a mandable, and whic { ' x iExlle tl!::ghrodg'c:l schedules, the groul:?:ount by annual ret;'lm:iuo..th VIY: hadcfnrthe: some > } i 1,830,132, F that had to uestions scttled wi wer Canada in con-- \ E3 n * gi.(w'}:';:c;: 211'0 A?l,mnnt all::eld to. the four geotion with the Common School Fand and i A & municipalities, Lanark, Renfrew, Elizabeth | Common School Lands,--_ These were all the «_ § Town, and Brockville, by the Canada Ceontral assets, and he thought the financial position { i 3 " Rsilw':¥ agreement, namely, $556,202. The of tbehl'rovince c:.uld finlll]{d be uo:rt.u:ed & fus! Inicipali from the statemen e had now to intro-- A R s 5J 1z.|'('lgbt?dnesq T tosa ber deae. wore duce to honourable members the estimates f was, $1,273°840;! and if nifteen per cent. were 1 | Sakem of in order to Arrive at) what for the year. The amounts under the differ-- [ : might be approximately the true value ' ent heads would appear in the order in which a § | the estimates and expenditures for the Prov-- | P e f .of. the . change, the' yesult wou_ld' b: | ince bad -- heen Trought berore -- the & $1,082,7064, They had resources equivalen | Ronee, -- They did not pregent any narticuiar ( to cash of $5,810,100, 'The benefit they po'nt of difference from those of 1873, whch were entitled to in the preminm on Dominion | tgey followed in the main; but he had en | f ;toc;l;:n \fl.hglzi'dt.he(ii: l;:xc:::irfi:,'v:gnald n';lx"lt?rg | deavoured to arrange the heads in more cor-- { x OF a million of dollars, and.thiu wopla make ; | i;ct):if;r;,};:E;hiyeh::lmfi:'ge&y ;?f:: r:}r'le | BA So sr:s:htohl 36'00&:?':.1'8;'!!%:&2:}1;:; | ' amounts in one column which were required ' amount there were ce j q . _, Findh tther Aireadly or in relpct ol onninte | is o i i n Lprals } P funds which had been established. 'The first ment, administration of justice, education, . 2 j fund W"thl')'imw'y Aid }gnnd,of "h't'i'h fl":' ard so on, in respect of which special pro-- t f aid amounting to isi imas ; Sootre," The volahve ane on the t mm on famtenas ; "& way Subsidy Fund, 1872--3, was $1,300,572. f diture upon capital and erpenditure upon t o Then there was the payment or payments to current account, as far as was possible - be made to the Municipalities 'under the The expenditure on capital account was distribution scheme, hnvin(f regard to the atually an addition to its realized resources. " « x * amounts as they appeared in the roviged ; 'There were, he noticed, three items which . schedules, which amounted to $3,115,736 So / were not necessarily items of even expendi-- C they had as directly chargeable against the ture for the curreat or capital'account, The o Ke > $6,050,106 he had aiready refarréad to, pay-- refund aooo:ntfwn If::? the purpose olfn k}?ep- p N ments to be made amounting to $4,416,308, i0g account. of c--rtain monies to which, in Al §' f leaving a surplus or difference of §1,632 887. Pr?ef, we were not entitled, but which came | Bs .( They had, bowever, in addition to that, and + _ into the hands of the Government, and which § 4~ \ ; he brought these sums together in order that had. to be .}u:d out again afterwards, _ He s3 T¥ the question might be thoroughly understood noticed all expanditure of that character 3 e h they had, in additiof to that, the original under the head of Refu nd Accovat, W 6 4 § assets belonging to this Province of Mr. CAMERON--Do you pay any inter } . 3 TL © $2,0609,407, Hs gave hon, gentlemen details est on refunds? $:3 "C8 of these assets in his financial statement last Hon Mr:CROOK§--No; t hasnot beouth -- i s s year, but he would repeat them again in case , custom of the Covernment to pay. inberse . i [3 § is | they should have ;lt;:aped the ::tention of on these refunds, > « L:wu,. gentlemen, ose amounts were just MERON-- hecta E. NC s gogtel in every respect as if they were 1D»-- ' b Mt;'e(;rAm" '_'(;:'1;' Then you ma'ke a little h\ 2t d us /+ minion securities, With regard to the U, G, gwecss Ane s t §A C & Grammar School Fund there was no'dispute at d 22 . | all. The Government admitted it held ht 3 ? these fuads for the Ontario Government, and Ry : T a * paid them interest at the rate of 5 per cent. \ m ¢ g'he only questicn was as to the divizion to t i. M be made between Quebec and Ontario. At o : > [3 present Ontario rot interest op five--ninths, * io :: y W whileQuebec received interest on four--ninths | -- C § -- of the fund, _ He, in his calculations, had | : K\ based them on five--ninths of the fand. In P M the Upper Canada Grammar School Fand ! f ns [A we had $312,760 01 ; in "the Uppe:-- | E s tsA Canada Building Fund, $1,472,391 41+> and g _ ® in the Common School Fund, $Wle '46i 63. $ C XAc The amount of principal which the Domin-- 4 ".'\ ion Governme_nt held on behaif'of this Pro-- se vince was $2.609,407, That was the amount f /A which this Government could have from the Y f }\\ | Dominion at any time, but it.,, was A f