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- - _ lie Mil-me 1gmtqti"tBytiWMttiriret.rfu, _ , 32 into the common schoolyzund the col. sortie .ttretiir.'tustiWr hand in meeting lections we have maids from 1890 to 1898; this-or that, tptisth-yef.ed' Provincial . inclusive. Leaving out of.-consideration want. At the close of 1897 we had a. cre- our future railway obligations, the pre- "dit can balance of $606,860, and at the sent value of which is shown im the tnAULf last year it was reduced to $450,- puelin accounts. it will be Been that 021. The 0:196" lcash balance 1from Itime ' our surplus of assets at the end of the] ,t'e,Pgtgtr,t',','t 3:23: 1:13. tlit, ave i . year over all our liabilities amounted At this point, it being 6 iririiriii,' the T to $4,988,079. . . Speaker left , the chair. Now that the elections are over, Mr. _ _ . Bptaker--neaHy over, I metut---I know: Ontario's Interests Paramount. that myton. friends opposite, withou a male exception, placing we high tin- suiSe,ri,irseC,'t'ed'.ol)ad'nri, I',',,'";,'"),',,,"),',-, anoint credit of the Province above all f iii 11 iGr'iiiiiii, h left oft he 1 considerations of mere party advai)n-l 1U"..1.f" m . e ' " t tage, will receive this very favors. le F .. . . ', announcement with unfeigncd pleasure 033:0 tltttc,TltT,e,/'.re,ietrfit,'ho1a1t'ltr",', and delight. ' revenues, would more than meet our . ' The Future. (went, for the current year, 1899. I , . . Wishiwe, therefore. up to the present ', Thus'far, Mr. Speaker, I have been time had no,occaaion for looking about i . referring to the past year and to our, 'us in order to provide for increased i present position. A word as to the cur-i 'revenues.' We are now face to face, rent year, as to our estimates for this /however,, for the flrttt. time, with rev- year, and as to our hopes of being .enue conditions aue1taaheretofore have able to supplement our revenues to a' not existed in the-history of the Pro- considerable extent. Our oxponditure vince. Next to our" Dominion subsidy , estimates for the year, it will be 800E our main source in revenue its-that from t I by a reference to the schedule in the .our Crown land and forests. Our l l hands of hon. members, amounted to much-debated policy touching the lum- $3,400,567. These estimates have been her question has met with-universal ap- I carefully framed, with a view to cur-i sproval. Rather-than even think of re- 1 tailment wherever possible. I ceding from 'the safe vantage ground We estimate that our receipts for the .we occupy, that. of preserving' for our year will reach $3,201,937. This amount' own people the cutting of our logs, we I_exnect to receive from the 11euttl op-', prefer to face the possibility of a large- dlnary sources ot revenue of previous ly decreased revenue from our timber years. ' l and make provision for meeting the _ I hope that we will beable to sup-3 deficiency in some other way. Our plement this amount, to the extent of Crown lands revenues this year may any deflcientry which may arise owing, be considerably below the normal or to reduced Crown lands receipts, from, average yield. To meet this year's ex- sources to be indicated in a day or two, _ periditilres we would, keeping in mind when a. measure for this specific pur-, the fact that We have a cash balance Pose will be introduced. I estimate that of $450,000 on which to draw. need to we will receive $803,000 from Crown receive at least the average yearly lands. This is about $159,000 less than ( yield of Crown lands revenue. i our average receipt since Confederation. ' . . 'Iiion. tt,re2,t"teeontgel notice that my es- A stateBman1ilw Policy. l mate as to ot pr sources of revenue', . - ' 1 The present existing conditions sur- 32;: not Vary much from that of lasti rounding our lumber trade. with our ro- . p, ' .0 "a , , i Our actual receipts last Year, It will, I 'i"fJt,t2Geai'ortoc""tetuoir1;?,h1 i,g,"t,",e,';l l 'g, 'Gttg;?e""i' exceeded my estimatei age yield, and therefore, Mr. Speaker, i' . n t . r? no u (3 A mere glance at our cash balance at? ifirsfien°fiv2°e§r330§3°£23434{gag}; t the close of each year. say for .51" years; lation 'this' session l, hit-h will, we be- . past. proves that we have provided very; lieve. appreciably increase our rcve- o 't1f,1",',eJhelr, and very satisfactorily for! hues. We could have rcadiiv lessened 2t,eneeg'r1,'i2a/'h succeeldmfg Yea?! We] our- expenditures by curtailing the every-(fa. d 'l,", t tl y 2" o 'llfltg'l, grants we have given from year to your ahd 8' cell, {1:203 u ,til.ex raor nary, in relief of the tnunieipalitios. For ex- p a s as we . ample, our grants {or education and Sound Financial Policy. agriculture in It'28 excc:'-d3ll those of . . 1893 b 110,594. P: 1ortttin ih s two We had at the close of 1890 no 19333 grant: aslone at th: Levi! gt 139:: and than $1,000,016 of a credit Caatt balance. not increasing thya vhnr hv year {is At the close. of the following year it} We have done. we Would have saved in was reduced to 8610.674. But in 1894 we tIve years $322,498, but the saving spent on public buildings alone $403,023. would have beptt at the expense of the '3: this tmm we trpent 3197.329 on the school boards m3 agricultural socie- rockvllle Asylum cottages, and on ties of the Province. And there lllvcl other buildings 8206.194. been similar increas' in our grants We had the cash in the banks. the for other services." Had tthe i buildings were needed, and as individu- grants remained stationary, we A!!! or private corporations would do would have. had three or four l (under like circumstances. we drew on times as large a credit cash ' pour cash reserves. erected the needed balance as we had at the close of last truildingm tutdtttua.anet apt-easing pub- year. Our policy is not to increase lie want and " the same time added to the amount ot cash we have on hand, our permanent. ttatgette. And tMt on from . but to relieve as best We can the muni- . sear to year we draw on our cash re- l _ cipalities of the Province. We do ttPa nerve to meet this or that pressing pub' - h--------.---., g