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.7 t ' ..et. y"""""""'"'"]""" "s""'----,-.-, - v . " p _y( & ' . r . toouriUsesnt o ulation it repre- . . . . ' 33:11:in 57 cgnts per 13.531. 1t we were to rtilr,Tttpt,1l'du't,rtc"t, 03:22:33: a ive cents based on the last census roa S ". i , . 2c,'.'ig,1d2 would be increased by about have received from the 0:0de Latin? be: ' $575,000 a year. An increase of population tt,2"",',ht"I, 'ttt of ll' dilute. l" 6rd adds to our expenditure, to our cost of Gov. hat l? lt, ttt Ing' " 'Ill thu',', ' eminent, while on the contrary it brings, valnab e permanent .tstsets, trren I the P ',',l'. becanse of the increased consumption of the growth and. development o ti Trhe dutiable goods, additional revenue, to the V1000. uo One W'ill pretend tcl,'",') II' nd l V Federal treasurv. Our receipts from Crown I "l'"'.""'? be tsaid of 9:" pu , " "I'l' I J, l sw' lands exceeded our estimate by the consider- l colonisation roads. lhe end of t 11:0: able sum of $59,682. From woods and for. ; matter therefore is that we have an he l ui . eats branch alone we received $22,619 more , ed for a Por.tit.rn of the assets we lubln than our estimate. The Commissioner was l lands and Will)" other 'err' more va ua ' compelled during the year to sell some par- I audnioro productive. 'lhere has bfen 'll tially burnt timber tracts, and the House I diminution Ur waste of asset! :0ne 013"}? will be pleased to learn that, largely due no l tumc'ts, indispensable and the most va I'., J e doubt to prudent ndvartising and conse- [ of all conceivable assets, has been subsltitnt- quent keen competition, he received unc.s. [ ed for unothcr. IN 6 have public bllllt ling}, pectedly good prices for them. These sales, ' schools, colleges and usyliiius scatteret a homsver,donoviuany way atfect last year's I over the Province, oi which any country ( receipts, since thefirst payment to be made i mightwcll be pt'oud. . . . on their account will be made during the _ 'itsliglit.eued public opinion has demand- Intter part of this year, the custom of tho ed from time to tinic,and Will ever continue department being not to exact payment to demand, capital expenditures such " until the timber is cut or sold. these. lictter far to spend a portion ot our Some general remarks as to this very ii... assets in much needed permanent public portant source of revenue may interest the improvements than to allow them , to he House. Since 1872, the year when our ' dormant in forests and in mines. IN' ho, for honored leader became Premier, the gross [ l example, would suggest that the Province receipts from the Crown Lands Department t would now be better otl'if we had not. erect- have amounted to $17,253,250, or an avei- i ed expensivu agricultural college buildings are for the twenty years, including 1891, of I at Guelph and normal school buildings at $862,662 per year. The largest sum receiv- i Uttawa, and if we had in their place ed during any one year Wits received in j a few more square miles of timber ? 1872, the amount being $1,437,372; the; We received from education $5,700 more smallest receipt, viz., $445,278, was that of i than our estimate, the revenue under this , the year 1878. Occasionally it has been , head including the fees paid by the pupils argued that wc have been wastingour patri- , attending the Toronto and Ottawa J Iodel ', mony and squaudcring our capital, and that Schools, the students attending the School we sell timber limits in order to get funds I of Practical Science, and by the candidates to meet extravagant expenditures. No de. attending the teachers' examinations. tails are ever given as to the alleged cx- From Algoma taxes we received 8150 more travagance,and it is admitted that as settle. than our estimate, and from what is calltd ment advances sales ol timber must from casual revenue, the various items ot which time to time be made. While it is contend. are named in the schedule of receipts, 53;,- eil that our capitalshould be kept intact, it 514 lo-ss than our estimate. The dull l is admitted that all interest received maybe times, the partial collapse in real estate, expended tor the ordinary requirements of materially aifect the volume of transactions government. Tir., fact that it would be utter, in the Land Titles ()tiice in Toronto, the fees ly impossible to continue togive our large in which are paid by stamps, and this large- customary grants to education, Ns'riculturc, ly accounts for the tailing otf in the receipts asylum maintenance, etc., without drawing from law stumps, I',',',','.', Crown hPti..ry.eei.pt.s is conveniently ANNI max. , serves: lil/Oth?,,"]"):)',': is: A wyd. of exe.lanati.ou tnt'Y be permitted ( been expended. The gross rocci t . as to the item of receipts appearing under , p s trom the head at "An t ." It ll be re- sales of Crown lands, one branch of the ' Ne"," . Wt = Crown Lands Department since 1072 iiicmlicrcd thtt.iu Ifl34 this House passed amount to $3,582,170, ot iiiiiei' sum $1 . an'act authorising the l.icutcna'nt-(Jovernor 114,406 is made up of accruals of interesi m oy.ucil to direct the issue ot terminable The total reeeipts from woods and forests annuities, the term not to exceed 40 years, during the same period amounted to the rate ot mteretst, not to exceed 5 p" 813,b71,074. c:nl.i_tor thlu purpose oliTri-tirmg any out- Of this sum $855,033 r . I s ant tug rai way an cer l icates, or any cer- rsnts,which we all admit tr/'a"yr,efi'l.d'if/"Ci,S l titicates which might thvreaiter be issued Fecein-lr properly be 'pent War by year [ in ttl,. of any rlailu'ay under the authority in assisting to meet Out' ordina'ry oiviudi, of t its Legislaturd. lhe then rrctv.surer tiires. Fronithc gross receipts we should stated that It "in not expected that we deduct the expenses of ""utN,'etneut in the would .be compelled each year to issue bhese Crown Lands (mm. includin-r "Uries and annuities. and the fact, is that during three contingencies, and these cr' the twenty recent years, viz., 1888, 1839 and 1390, we years amount to $1,018,348. Refund, have nut the maturing r,ailway aid certiii- ty'"Peum.r. to $504,802 must also lw de. catcs out yt the year s receipts. Ltrst ducted. These represent monevs paid into year, lutvitts,r tseveral very large 'tlt. the Crown Lands Department a account of Window" cxwmdituree to provide for, in sales which have not been cotnpletod w order to meet the railway certificates falling should also deduct what We call charges in 1 due we issued annuities to the tltrtttuttt ct . Crown Untimwhich include custsiJf surve I' 8ll000 per nnnum. We advertised in the tsrtt.aging, inspection, tinny," rid ' usual way for tenders for them, and we ac- coitection of dues, etc., tttid these "Fl-21:85:: ccpted the offer of the Imperial Bank of tor the same period $1,193.30}. The Ill/i' i Canada, it being the most favorable and I receipts then are from Hm," lands sal 'tr _ covoiing the whole issue. The amount $2,464,720 and' from woods and invests l I realised by their sale, as appears by the $9,759,5i3. or taken together Lin: total he, I schedule of receipts, was $209,000, that is ', ir,'t',e//1lrt2"'/,,"flt', Crown Lands Department , to say, we received $1,921 43 for every 8100 i u _ amount to '-cl2,2u7,i4/,. I of annuity. fl he purchaser realises on his . How THE MirN'riy " v, INVhsrr.ur. investment interest at the rate of a little Let us now notice to What us" this la . less than. A} per cent. per annuin. When sum has been devoted. Diving the a- rge i rc bear m mind that the money market period, that is from 1072 to 1291 w slams _ in the leading commercial centres was h' spent on , re 'an.' during y." year greatly disturbed, that t t1iit1i.ci/eil0imrs, "---......8 5 can 293 $3.??sz houses' of highest standing and i Public can... ... ... '.'.... "..... tirsri',),1i; b e.q m "We tu.tttred to their fall, that , And onciGiiLitia; d""""--- 254811 '"Pture.ofthiscapittu WM unusuallv timid ' . oa ' ""'"-..... 2,lUtu2 "norm"? 'rag checked and the diiiiculties P, Khakilnittn tll-............. ..iuas3.,m zui'rounding the negotiation of. large an". I ' " Hue therefm-o invested l . 'r . L' ""Pnu"erially Increased, it will be a . "rtoa 0, W ' . . Pt urm, this pthrettrtoever o tl . . . p "Whats in pu1olic buildinu f l: , y. no tat we have disposed 3 . q LM, ? "at years issue of annuities on moat; I. i l . - , I .