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: On this new basis of reckoning, Dr. ';Monteith forecasts a surplus of $490,000 |for the current fiscal year. In this estimated surplus, gasoline tax, liquor-- control profits, and succession duties 'are expected to play, as they played during the fiscal year now reported upon, the leading roles of revenue--get-- ters. In yesterday's Budget speech Dr. Monteith stressed the points that the Provincial debt was now under control, and that more than $3,470,000 of it had been retired in 1929; that the 4.95 per cent. rate secured by Ontario in its re-- funding operations was unequalled by any other Province in the twelve--month period: that $9,000,000 had been saved to the public since 1923 by reason of the Ferguson Government's tax reduc-- tions; that capital expenditures were being held at a low level; and that public services were expanding and be-- ing efficiently maintained. TAXES WILL REMAIN ANDSURPLUSFOR 1930 TO BE HALF--MILLION New System of Bookkeep-- ing Will Eliminate "Cross--Entries," Ontaric P r o v i ncial Treas-- urer Tells Legislature -- Extensive Review of In-- come and Expenses of Y ear Provincial Treasurer Monteith's fourtajAabove increase. The balance is ac-- Budget since he assumed office in the 'Counted for by f'h" increase in Interest Forguson Government was bared to the Ll};;g:\zflmfl-?Fz"::b'nlr\mR??{*l' the oberations Ontario Legislature yestorday, revealiD3 )ms tno various departments as follows: & surplus of $2,642,000 for the fisCal|rqueation Activities. year ending Oct. 31, 1929--a surplus| '"The Departmont of Education cover: which is ncot only the largest in this 4 wide rang> of activiti's, which ('ntflil Province since Confederation, but one Mn exbenditure of $10,278,000, with a es which tops by: SCvenue of SB-')S,OOO. Essr'pthlly then, 4# * some 375'000:'% \\'I'" b:" noticed that this is an cx-- x t h e official bending department, rather than one 0\, pre -- sessional Of' revenue. ; estimate _ o f{\__ "When one considers the great neces-- u_ last December. '&ty of keeping abreast in the problem ~~~ _ Te In his two-- iOf education, it will generally be ac-- css & 3 hour--and --a-- Cepted that this one department de-- s | 3 0 quarter speech mands substantial outlays. It is neces-- tgg-;;;:E?""i to the House #ary to keep in mind that 23 per cent. < > yesterday Hon. Of our population is in educational in-- J "'3'.;:""*?:. §ai Dr. MontelSi stitutions all the time, numbering some t3 :,7!.-: f sprung. . with 950,000 students. The Provincial Treas-- 5. . 3 a single ex-- ury contributes to all grades of educa-- [ .& & ception, n 0 tion from the kindergarten to the uni-- > o surpris e S. versity, to the amount, as I have stat-- & There were no ed, of over $10,000,000. While economy k 3 . new tax levies Mhas been rigidly adhered to in this de-- es or reduction® partment as in others, yet there are % $ess anfl they had eertain fixed and special charges that ° . nsl been _€®-- eannot be avoided. It will be recog-- HoX. pr. MoXTEITH. pocted. | TH° mizeq that the Dominion Government var q2 , _ ,,,| MD@l¢ _ "SUC-- has withdrawn its grant of $350,000 prise" in his longthy review of th@|grom the support of technical educa-- Province's finances, and the part m";tlon in our Province. This has been prcsm'x: Adn'lin.isgmz'xr)n has 'p-l ayed _in m@bsorbed by the GW%mmefit. é.;ld the carrying Onlaric's credit to "the MISD-- 'whole educational structure maintained water mark" in the financial world, was| a hisa amnmnnamwnamsant that in fitiien t#ha "t &A h'lgh St'a'nda'rd' STEADY DEBT CUT, SPEAKER CLAIMS prise" in his longsthy review of the Province's finances, and the part the prossnt Administration has played in carrying Ontarioc's credit to "the high-- water mark" in the financial world, was his announcsement that in future the Province will amond its accounting system to the extont of intreducing the Wins:ton Churchill system of elimi-- nation of cross--entries. Next Year's Surplus. 28X > fosks es iss s E> 1 & ;;5::?.:,:::} K. Cz k ow e s yc o n * $ es o < Mess 000 cotes. " -- es eR f Meene. . . o toge 5 i es & e o. 0 ooo -- hoke . > s elee 3 Mess . . inreciege © o . o eale se ce "R, h a9 ks ha C x.-::l-:' 3 Beset 8 j ¢ ( es .. YJ k es :: es T t es Td s . R e § EkN t¢ . -- <Hsbg c Nes se s ; 988 ut se oo ds t t4 c We ces A % 8*, s eR thy review of the and the part the "This is another department that |!x important both from the standpoint of expenditure and revenue. In recent years there has been a vory decided change in the method of transporta-- tion. All classes of citizens, rural and urban, have adopted the motor car as a means of transportation. This has created a desire for more roads, and | better roads, and the universal demand | for increased expenditures on our road \ system throughout Ontario has been \growing year by year. The question 'comes up as to the justification of _expenditure for such a large amount ,ot money for the construction of new roads, but the people have assumed the attitude that these expenditures are really paying investments. The saving on the operation of a motor car more than justifiecs the overhead Ordinary Rovenues. Ordinary revenue for the year amounted to $64,549,717.93, and ordi-- nary expenditure, $61.906,824.25, creat-- ing the $2,642,893.68 surplus aforemen-- tioned. Ordinary revenue was slightUly more than $6,000,000 in excess of that of the previous ysar, "due almost entirely," Dr. Montsith declared, "to ths increase in succession dutics of nearly $2,000,0€0, gasolinec tax, cver $3,750,0C00. and mo-- tor liconses, over $1,250,000." Ordinary exponditure reprts: $3,1708,000 increase over the j year. '"This increase," said the urer, '"is explaincd by grants to $154,000; fire ranging, $433,000 $3,1708,000 increase over thoe previous year. "This increase," said the Treas-- urer, '"is explaincd by grants to schools, $154,000; fire ranging, $433,000; high-- way maintsnance, $256,000; grants to hospitals and charities, $250,000, and to the Ontario Research Foundation, $200,000. These, with other smaller amounts, explain $2,000,000 of the above increase. The balance is ac-- counted for by the increase in Intcrest €harges on Public Dobt." "We may class as chief items of | outlay the grants to public and separate | schools amounting to over $5,000,000, | and the grants to universities of about. $2,500,000. Other contributions, such| @s support to the deaf and blind," technical education, teachers' training schools, Royal Ontario Museum, etc.,| account for the balance. | Highways Department. aVre& 1 _ dth. Interest and maintenance charges on the roads, and it has now generally been accepted that it is good business and economically sound to provide bet-- ter roads for the now _ established method of transportation. The Govern-- ment, therefore, has been increasing Its mileage and improving the high-- ways, the expenditures running into millions of dollars each year. €ost in 1929. "In 1929 there was expended for| maintenance and construction a sum of $19,500,000. When one considers & revenue from this source in the one year of $17,000,000, then it is plain that these substantial revenues, which have been accepted as logical by the people, easily justify the policy now prevailing in the Department of Pub-- lic Highways. A portion of this out-- lay, amounting to some $6,000,000, is composed of grants to the county and township roads. The balance is de-- voted to highway maintenance and con-- struction. The main highway arteries throughout the Province have been pretty well cared for at this date. The object, however, is to comnect every resident, rural and urban, by means of a good road system. More generous contributions, therefore, will be made to township roads in the future. This problem is 'uppermost in the minds of the people today, and the thought that is gencerally reflected is that the people are receiving an efficient service and fuil returns for the moneys in-- vested. The revenue of $17,000,000 is derived chiefly from gasoline tax, to the amount of $8,500,000, and from motor licenses, $7,750,000. This source of revenue is generally conceded to be fair and just. It will be noticed also that the amount represented by the revenues all goes back on the roads, and some more besides. Attorney--General's Department. "The chief activity of the Department of the Provincial Secr:tary is the ad-- ministration of the ten public institu-- tions caring for upward of 10,000 in-- mates; also under the jurisdiction of the Provincial Secretary is the Parole Board, Children's Aid Branch, Bureau of Municipal Affairs, Heospitals and Charitiecs. Marked economy hss been practiced in this department, yet the '"'This department has recently been before the public in connection with its eactivities concorning the Security Frauds Prevention Act, which has as-- sisted considerably in the protection of the public in theis investments. High-- pressure salesmen have been brought under control, and the safeguarding of the public's money has undoubtedly saved the people of the Province miliions of dollars that might have otherwise gyone into fraudulent channels. *'Considering the incrsased activities of this department, the expenditure however, has been maintained at prac-- tically the same level, namely, $2,250,-- 000, chiefly accounted for by law en-- forcement, $700,000, and administra-- tion of justice, $750,000. The revenues for 1929 amount to $8.000,000, an in-- crease over the previous year of some £200 000, accounted1 far laras)v by pro-- fits from the Liquor Control Bsard. Public Institutions. '"'The enforcement of the Liquor Con-- trol Act, together with amendments di-- rected toward the tightening up of this act, has received wis> and vigorous at-- tontion at the hands of the Honara'sle the Attorney--G--neral!. "The investigations neriain'int to brokeras foundati investor. zo hous ion for ss have als extra protsc ion to the