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. March '7 . DOWN $3,500,000 The poor position of Ontario', liquor stocks will be reflected in a decrease of over $3,500,000 in Liquor Board gross revenue for the year ending March 31, 1945, Provincial Treasurer Leslie Frost told the Legislature yesterday in his Budget address. Liquor revenue for the Ical' clos- ing at the end of this month will total 20 millions. being 10 months actual and tuo month, forecast. In disclosing that gross revenue from all sources will be down by ap- proximately t;6,303,000. Mr. Frost showed that more than half this amount "ill be duo to an anticipated rut in liquor revenue. The substantial inventory of spirits and wines which the Liquor Board had at the beginning of the current fiscal year was largely sold,, and under present conditions can- not be built up or replaced, he ex- . plaincd. "The maximum revenue which I can forecast is the amount of profits which are to be guaranteed by the Dominion, amounting to 516312.616." Nr'. FrOst said. Another reduction in estimated revenue is in the corporation tax field. The Treasurer said this source "ould yield approximately 81.250000 Ks:,. The reason for this, he ex- plained. "as thtt collections on tax made in one quarter were deducted from the subventions to be paid in the following quarter. In the year ending March 31, 1942. large amounts of tax were paid by cor-, porations and these were refundable! l under the terms of the Dominion-i Provincial tax agreement and the" complementary legislation. As a re-- (suit the amount of the subrention' payable in the current year 1943-44 was correspondingly increased. No such condition applied to 1944-45. Mr. Frost said. "When the Dominion Government raises its wartime restrictions af- fecting spirits and wine, the On. taria Government will be prepared to revise its prices to a proper love. and to emphasize proper distribu. tion and control," said Mr. Frost.