The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

rpY/ Trp1 *I=%" "TA*C¥ * f »{ *T . ( 1 TORONTO, WEDNXESDAY, MARCH 4, 1914--HK] s e n WY _ enG t ts nertnee e ue snn a i acriee ce ns it in mrrention c ioeny Vn ceneoneneteeemommmmmnams l &--_--________ --.._ _----__.__ a._. _ « | # * H | 'Provincial Budget Alleges » = l T he Budget at a Glance Balance of $320,275 on' nnnrmmorrmmummtemngemoes ; 9 * Current receipts.......$11.188,302 023 | _ Year's Transactlons--Mr-! Cofrout expenaiiure..2.. 10.865,026 25 | | i y s . "% | tm e n' _ Bowman Criticizes Gov--| Current surplus. .....} 220,275 31 | Capital experditure.... 5,.223,916 82 j Total ~assets' .......... $1,857,011°36 | _ _ ernment Statement and| | To) assew .0.000000 snssn0n ss * | Total direct liabilities. 32,.287,229% 03 I ~ s * * t Estimated receipts for | , Points Out Many Inconsis--; seals" mear -- ending } i | _ October 31, 1914....%12.174,074 19 1 tenCIes | Estimated expenditure : ' | Current $8,572,211 15 ' l 3 y J Capital . 1,691,500 00 _ in n hn , l rirncion----«§11:263,. 711 15 | Bs i 3 t~ 93 Budget day is one of the big fea-- | _______ P s r tures of the session of the I,v;:i:«-la-'j MA c > . hi ui aihe eP n a ture, and yesterday Hon. 1. B. l,m-usi;'hu\\'ed a margin over !;a_',;iii.msn of x i . $10,00 ; $ O 0( OO presented the first Budget of his owr | Petween $10,000,000 and $11,000,00( making as Provincial Treasurer. On | New Sources of feveaune. the two previous occasions Mr. l,'u-a\'l The outstanding feature of th« acted as substitute for the late Treas-- | Budget was the Treasurer's stat« urer of the Province, but the Budget ment that 1(:};'.51;0110!1 would be in-- for 1912--1913 is his own handiwork troduced during the present sessio J & tm * & . o 1f & ) 12 ndiw ork. ; 1.(, i')(-rpasp 1}'(. l))-()\-illciul revenu? A year ago Mr. Lucas resorted to | from several sources. The successio: the law of averages to show that the ',111-"'\ tax would be made heavier, an« o a C asse s » r »er IPrm'in(-o- had a substantial surplus of ; e parsed to stop the wholesal ta hilits Mintk «: _ | aistribution of property during th lassets over liabilities. This year his | jifetime of a testator to escape pis:\ method -- was similar, but. perhaps ' Ing the tax. The _ supplemerta more devious. HMHe showed an actual : :'t'\'fn.n« act was also io be amended ; 5 o bring |@rger creceibts froin tail [ balance of receipts over expenditures | v.,. (,o%,__m""".'g"' receipts from rail y o im 7 f I . porationg, -- loan _ companies lo( $320,275.81, and to this added thejand banks.. The Legislature would amount paid out for the construction | also be asked to authorize a furthe: of public buildirgs during the nine lo.'n.\ to supply fux:(l:s for the Hydro-- rears the Government has been in eleotric and T. & X. 0. Railway, years h * < Mr. Lucas expressed the hope tha: power, some $8,000,000, $1,000,000 | the Federal subsidy woulid be in for good roads, $297,000 for the limits 'F',"'iis_t'd lq}some extent so that th« o 3X P 6 rovinces should sh; i > expan-- of the Munn Lumber Co. and $150,000 | on pf msmmsda'::jl cce 1'ho\. expan-- for the Provincial Museum. 'These |;,, Dominion. .If this :\"' "l Chiie o} were all available asset§ of the I'_ro-- other year. the _ Gover asx('one.. all vince, Mr. Lucas argued, and, adding | _2 ____ sc 2C }@t? . government \\oul'l' this to the statement of assets, he (Cantinued on Page 8, Col. 4.) mm en n mes atraite .-'*-'__----.b.-k-_"-m'.'---_--