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The Provincial Treasurer is auth-- ority for the announcement that had the statement covered the full calen-- dar year of twelve months a substan-- tial surplus would have been shown. The total expenditure is within the estimates, while the revenue increas-- 'ed over these official forecasts in near-- ly every denartment. The Auditor's [report shows that there was an over-- *expendlture of $474,000 in connection with the Hydro--electric Power Com-- "mission, but the Minister in his Bud-- |get --speech will point out that this |amount was spent in the construction and building of the transmission lines, and is properly attributable to i;ca-pital account. / he Provincial Loan. 4 'In this connection Hon. Mr. Mathe-- _ in will maintain that the flotation of e Provincial loan for the power foject has resulted very satisfactori-- 5.. To October 31 the net proceeds were $2,099,477, and a considerable 'further amount has been subscribed 'sgince that date. 4 Unusual interest will attach to tha Budget speech of the Provincial Treasurer this session in view of the statement of expenditures -- and re-- ceipts for the fiscal year of ten months, which closed on October 31 last. This document was tabled at the Legislature yesterday afternoon, and for the first time Hon. A. J. Matheson is called upon to chronicle a deficit. The receipts for the year t®alled $7,477,920.94, while the ex-- penditure reached the sum _ of $7%.-- 545,040.47, leaving a shortage of $67,-- 119.53. A review 'of the weighty volume, of which the Provincial Treasurer is the author, shows, how-- ever, that this condition is not the re-- tlult of any impairment in the sources \of revenue, but results from the fact that under the change in the finan-- Tclal year several customary sources of income are not recorded. The early months of the year are those which call for the major expenditure, while November and December, which' are not irtcluded in the present financial statement, are deemed to be revenuc-- producing periods of a special nature, Expenditure Within Estimates. Another Budget of Government RBills DEFICIT FOR SHORT YEAR. Change in Financia! Period Causes a Shortage. Public Accounts Show Large Increase in Revenue. PROVINCE SHARES IN GOOD TIMES The most pleasing feature in con-- nection with the fiotation of this loan, according to the Minister, was the fact that it was taken generally by the public rather than by the large ; JANUARY 28, 1910 Brought Down--Proposal to Aps« pral MceNaught Bread -- Act--Con-- servatives Hold Their First Cau-- cus «-- The _ Restoration of --the Provincial Library,. The statement of receipts indicates that the Province is rapidly. recover-- ing from th;g commerciai inactivity and financial stringency of 1908. A comparison of receipts for the two Provincial years is difficult, owing to the fact that that of 1908 was for twelve months, while the present statement only deals with ten. It is significant, however, that in a num-- ber of departments the receipts for the short year exceed those for the jonger period. In the Department of Lands. Forests and Mines, the receipts last year totalled $2,028.224, as against $2,430,429 in 1908, a decrease of only $402,205, despite the fact that the revenue from timber dues, one of the largest sources of income of the de-- partment, do not come in until De-- cember, and are consequently not in-- cluded in the statement. A remark-- able showing is made by the earnings of the Temiskaming & Northern On-- tario Railway. In the calendar year of 1908 the road's earnings amounted to $350,000, while in the succeeding tea months alone a total of $550.000 was reached. In agricultural receipts also the short year shows the larger returns--a difference of approximate-- 1y $17.000--the total for the past year being $104,956. The Provincial Sec-- retary's Devnartment shows a similar condition, the total of $210,357 being $25,.000 greater than in 1908. The receints from succession duties were $681.647, a decrease of almost $500,-- 000. corporations. A Phenomenal Cash Balance. The cash on hand at the end of the year amounted to $5,086,000, which is a phenomenally large bal-- ance. The number of municipalities availing themselves of the opportun-- ity of depositing. their sinking funds with the Province increased. While only $14,662 was the amount paid in during the Provincial year, the de-- partment received many notifications of by--laws passed with this end in view. The amount loaned on drain-- age debentures during the year was $13,000 more than was received, The municipalities secure Provincial money at four per cent., and there are, con-- sequently. numerous applications. The interest account shows $74,370 _ from the Federal Government on common school account, the only other inter-- est being on deposits in banks and drainage debentures, Times Are Better. Comparatively little of the large sum which will be required for the revairing of the burned wing of the Parliament buildings has hbeen in-- cluded in the exvenditures of the past year. nor has the insurance payment received heen credited in the receints. The estimates were prepared nnder the direction of Mr. James Clancey, the Provincial Auditor, and by Mr. A. J. Rattray. Assistant Auditor, This is the thirtyv--first successive year in which Mro Rattray has compiled On-- tario's public accounts. Many Government Bills. 4 Sir James Whitney introduced the following additional bilis, which, he explained, were consolidations of ex-- isting acts by the Statute Revision Committee: ---- Respecting Wills, re-- specting _ Insurance . of Estates, re-- specting Titles to Real Estate, respect-- ing Contracts for Goods in the Hands of Agents, and respecting Commis-- sioners of Police. a ' Mr i zea Drf l obs Hon. Mr. Matheson on -- Tuesday will move the following resolution: '"That this House receives with much satisfaction -- the intelligence of-- the munificent -- donations which have been made in aid of the reconstrue-- tion of the Legislative Liibrary by the Government and> Governmental . de partments of Canada, the several Canadian Provinces and the. United States, and by the ladies and gentle-- men whose names appear in the re-- port which has been laid before the House: and thus the House hereby extends its grateful thanks to the donors. That this House acknowled-- ges with gratitude the prompt and generous action of the Governors of the University of Toronto in placing the house, No. 4 Queen's Park, at the service of the Government for the temporary use of the library." The first Conservative caucus was held yesterday morning, Mr. J. W. Doyle, the new member from NXNorth Middlesex. -- presiding. Sir James Whitney addressed the members. con-- xratulating them upon the harmoni-- ous relations that had existed. and calling upon all to get down to work. If everyone did his part in conserv-- ing the time of the House there was, said the Premier, no reason why the session should not be concluded in six weeks. The Conservative mem-- bers were later the guests of the Premier at luncheon in the Speaker's chambers. Restoring the Library, The member for Kingston pur-- noses to give to the cities, towns and villages the right to fix the weight of loaves. and to prevent the use of de-- leterious materials. Power to seizo and dispose of bread made contrary to the by--law is also provided for. "The Conservatives Convene. Mr. W. F. Nickle (Kingston) will on Monday move a bill to amend the ennsolidated municipal act, the in-- tention of which is to place back in the hands of the municipalities the standardizing of bread. Mr. Nickle's bill carries with it the repeal of the McNaught bread bill of last session,. which took away from the municipali-- ties the regulating of bread and brought it under the control of the Provinciai Government. '"There has been little time," observed the Kingston man, "from sunset last night to sunrise this morn-- ing to digest the mass of legiglation deposited on the desks of the mem-- bers. There is material here which should command the serious consider. ation of the House." Notice of Bread Bill. Mr. Elliott said a movement had already started with a view to enter-- ing upon negotiations. Mr. Nickle Protests. A gentle protest was entered by Mr. W. F. Nickle (Kingston) on the zeal displayed by the Premier in pressing through a shoal of revisions. '"'The judges have been over the matter three times," was Sir James' explanation, "and I fancy they will be right."