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t e CLAUSES DEFERRED. i n n ons i ilrnnmemnrnm aone f K PR CLA seaunle & i « $ % y ",,'.': l ' Toronto Bill Considered Before Priv-- OUR PROVINCIAL FINANCES. § ~~= ate Bilis Committee of Legislature. Ontario is as a foolish youth endowed with % k l When the Toronto bill was before perféct bhealth and phenomenal strength wasting ' the. Private Bills Committee yester-- his substance in thoughtless debauchery simply day the clauses giving the city power ; to ~rune, remove, transplant trees,| because he has sufficient endurance to do so with-- € etc.. without notice to owners of ad--| out paying immediate penalties. Every foolish joining property, to charge a fee for! wasto must some day be paid back, and great f ;e: "::ntgl "("(f,(,:r,f;'l:{;:,t: 3 w\ dt 1:(: 'i'flrlz( : strength and endurance cannot do more than post-- men's _ Compensation Fund We"'? pone the day of reckoning. Direct liabilities now | ordered to stand over. 'Ijhesc clauses | ;::\'01'4- I;Qt:,ulu::]();mz:glll':)lll:l tgddtel'li&" aggregate $40,405,000, a really sobering total i"f;'l'}'l"'""f;:l .':f';'-.:m(ui.l C compared with $20,668,000 for the year endingl ' ing omaoioiat wiik the Svard off with October, 1909, and still more sobering when | Harbor Commissioners, the v;(tm_lsi(ml compared with ten years ago, the total for thol '_. i nRem ieRA 4 is Mesiage fscal year 1904 being $11,709,650. Of the debt| I';('yan :\.sT'(vfi;ltit;rl 1\}\1((": "I!(.'I(Sl::(wlnt v':iltlt(:l of that earlier year about half, or $5,840,004, was * : :h?-u%f:')x]':\'l{'toll]fiar(:)liltnn'l)?igh\\ ay ('nr}n-i treasury bills issued on account of the Timiskam-- (nouon ts medrourate, ints 4n han, ing Railway. Indirect or guarantee liabilities ill){ll the Toronto--Hamilton highway| at the earlier date were $2,600,000. These had | j The biil incorporating the .\luni(:ip.'tl! grown to $9,060,000 in 1909 and $9,647,340, g'¥.'(:un'VAssi:;'i'ati'}m \:;:stn(;ri'l;]n};tfi.i t'o"tpll('i chiefly composed of the Mackenzie & Mann guar-- Hastines) thought the rate charged| antee, in the fiscal year ending with October last. was too high, but it was pointed out | In 18904 the total revenue of the Province was -- $ ops too soong and provigian Poull $5,977,179. -- Of this the Dominion collected $1,-- have.to be made against some 3(,4,,,:S'! 314,660 and turned it over to the Provincial' The Galt bill was also passed. Treasury as subsidies. The sale of assets, decep-- w Remessaeraamanarnememmeane" I tively treated as revenue, brought, through the Woods and Forests Branch, $2,650,782. The % Province levied about a million of its own taxa-- tion, $420,627 being obtained through the taxed corporations and $458,679 in succession dues. The sale of assets, which is the chief support of Provincial expenditure, has continued from year to year. Last year it yielded $2,340,659 of a ; tuk total income of $8,196,196.-- This is one of the wWmTNEY MEMORIAL mMGHWwAYy. most serious features of Ontario's financial posi--! ; Deputation From Dundas ASks For tion and operations. Had a reasonably provi-l & Roadway, dent timber policy been adopted the annual} i8 A "Whitney memorial -- highway." growth could be made to restore the annual de-i t from Oftawa to Morrisburg, "usmi:;_ pletion. The timber yield would then be vir--' ed upon the Provincial Government tually an assured crop, and could be honestly | yesterday by a deputation from Dun-- classed and safely treated as revenue. But as : '\1" ',';','.'m,',"""."l';'.f"'j'"flding counties, every sale leaves the Province poorer in timber the late Sir _,"'m'.'fu"1"\.11';'!':]"')\_ iC pnvins and brings nearer the time of exhaustion, the Pro--| 5 ber for Dundas, introduced ti;}» :;:',3 vince is merely sitting idly and tolerantly by'; :f)l,-"\'fn', \f'llff'lx was received by Pre-- while the Government plays the prodigal with its | nier Hearst, Hon. G. Howard Fergn-- ; 3 | son and Hon. F. G. Macdiarmid. 1t inherited estate. ! ?'z"i'Sn?l}'i'?fE"'l ,}"E" by speakers on -- the Plunging deeper and deeper into debt while at | Purg route w";'fim"'\.'.l,.\f'.'."{',;",'."'""'.'""*'" the same time selling assets is an exhibition of ; of connecting the capital "_i{'.i;""';"':;" the rake's progress, for which the full penalty | L':l':t'j't'(?_"':L:'?N;':'r'tu\\'in.o.r: and the great must be paid in burdensome taxation. Lastt a proposed '}),,,,".L:lf,'.,_;f:cfi'r""'"r')'q'fi }11'1' year's grand total of expenditure was $20,076,-- .'" ;w')uld .bo .n\niln ble at the snr(n(: 1';,?,('-. 461. The revenue to meet this, omitting the tWO' _& i \;'(r? ;:;2;(}.1]1ti:{::u'x\::hn lrpl No figures and a quarter millions received from the sale of | d financing of the project, the object assets, was $8,236,000. As this situation is not| ?';f(--,\f.?&rfliifit"'l'1"7-". being to have the due to the war or any other exceptional influence, $ vantages of tfi;\;:me,"s to the .ad-- there is no outlook, under existing conditions," "ll'homl'rc:-mie»r was considerate, fIe for anything other than more borrowing, more| | x'):l::(bl'n(qll "I';']':'df:'fift\.'"l\}:lt.h the enter--| expenditure, and more debt from year to year.i U _ cussing a highway (1"'";;11tl:fixtdmqoi]:}; Ontario's prosperity has been largely due in their 'Y'I:'p:'t:::nts'ft(;:.l;)i' of the Province tha past to immunity from taxation. A great estate| | the Mnn,'ism'"'_: P«:n:?; on behalf of | well managed provided for real needs, and could | I in mind. § wovld be kept | provido for real needs on the present scale of de--| 8 relopment. _ But improvident sale and alienation, | " f expanding extravagance, and an easy neglect ol?l opportunities have brought their natural result. ! The Province can safely bear the burden.i f Greater debts to be contracted can also be car--l UJ -- ried. There is the poor satisfaction, often ad--| o -- vanced in apology, that most Provinces and States j ' are in no better financial position, while many are! worse. That is no excuse for reducing the Pro-- f vince to what may be regarded as a common level f of deobt. The burden will be felt though the ' cause of the pressure may not be discerned. It c 3 will be felt in every factory and workshop, in 6 4 every store and office, and in every domestic & cirele. _ A knowledge of this should make the E C ongs people determined to retrieve what has been [ @ lost, to equalize income and outlay, and to restore k) . the easier conditions of a wisely economical re-- f gime. c £ --@ | s Aull l t 3 tne ) oo ie n i e y e e i i e m