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â€"ChrOttemaCinss In addition to these arrangements, so well calculated to imduce the emigrant from the British Isles to adupt the Province ot Ontaâ€" The pamphlet contains a map of the Proâ€" vince, showing the cunstructed and projected railways, the roud», the newly laid ut :â€"wao ships, free grants, &c. Within the . pass of about forty pages, as many separaic :matâ€" tera are briefly set fortu concerning the soil, climate, :aws, and in=titutions of the Province. Thke information they impart will be very serviceuble to the emigrant, teaching him beforehand _ many things that others have only acquired alter a pretty dear bought exâ€" perience. « â€" with neatness and despatch, Tus Ontario Govrernment bave taken effective measures for the promotion of imâ€" migration. At a comparatively trifling cost they will muke the -niud‘thym.. khown in every county in Great Britain and Ireland. &wm«mmu‘h briefly the attractions of Ontario to capitalâ€" ists, servants, farmers, mechanies, labourers, &c., have been sent across the Atlantic tor distmbution, and these intimate the several places at which the pamphlets and maps may be obtained in London, Liverpool, Lonâ€" donderry and Glasgow. s Perhups the most important step taken is the sending of Mr. Warrz to Great Britain for a lew months as Spcn’ul Emigration the Ways and Means Commuttee. Thesame questions will have.to be raised again and Athen they muy be deliberately dircussed. > Commissmoner. _ His abrlity to set forth the advrantages which the province offers to the intending e:nigrant is uoquestionable, and his well known "energy is a guarantee that he will make the best use of his time. His presence will stimulate enquiry among all clusses, and the pamphiet recently prepared and now being turwarded for ftee disimmibution will spread a large amount of information concerning the Proviuce. wires overburdened with copy ; it was in the extreme of bul taste to force prematurely a discussiun upon points that might better be raised at anuther stage in the proceedings of pleased with the lucid exposition of the Miuister or Frxaxce; and that the country will peruse with satisfaction his able defini= tion of its fnancial status. : amaull surpias is promised ; and wheu we have veture us the example of the present years‘ administration, reJucing the expenadiur« within the limits of the actual income, despite the more l:veral credites smnctioned by Parliamect, we have every guarantee that the calculations for the coming year will be equally re«pected. & Mr. R sz spolkeâ€"afternoon and eveningâ€" for about Tour hours. He was listened to with the greatest interest throughout, frequently applaude=d, and on resunting his seat, greeted with a hearty rounad ot cheers. Several of fioOM-o-hu-nhum,tn criticism ; but it was not by any. means successful. ‘We give the Opposition the eredit, which their moderate and putriotic course has so well deserved, of working tor the best interests of the country. But, with a wearied House, anod an exhaust»d gallery, â€"that gailery, we mean, which tells the public 'h‘m House says,â€"with the telegraph the year ala rate below that of last year‘s estimates, and considerably within the mar gin of the present year‘s income. And the same moderute caleulstion was risible in the estimated Agures forthe coming year. Tue mudest estimate of an increase of .lv+ per eeat on this preseot year‘s intome is such as will surely be recoguised by all, as less than that which we hbave every rewson to expest. Yet, it is upon this very moderâ€" Lie estimate that the Minister of Finance Arter haring given so much tume ‘and space to the report of the Hon. Mr. Rose‘s budget speech, delivered yesterday, we may be excused for having very little of cither to expend on editorial comment. It must be said, however, that his exposition was full and frank ; that the difficulties which had beset his former calculations were plainly stated ; and that, better than all, the Gunu-ouwmu-d'ulwto ine meusure of its income, thereby saviog the people from the burthen ot additional taxaâ€" tion, and carrying through the business of No douubt, many of our citizeas mli avail themselves of the opportumity of listening to the Most Revd. Prelate toâ€"morrow evening, when he lectures on behalf ot two of our Rev. Mr. McManox. The distiognished service of urs Grack in the cause of Conâ€" federation, and his earnest and vigorous opposition to Fenianism, open or concealed, W# understand that mis Gzracs tus Arcummuor otf Halifax, had an interview with his Excellency Sir Joux: Yorxo yesâ€" terday, and that he made very strong rep reâ€" toâ€"«Jay, his Gaace will be ine guest of his Excosrrexer, at Ridean Hall. and to every other form of disloyalty, no malter whence, or by whom, manifested, favourable consideration of the Executive. On Suturday eveniog, bis Grace, severa) members of the Privy Council, and other gentlemen, were entertained at dinner by Jon Work, inclusiing Paxeniers, Posttams Dovoexes, «moorars, Biuograns, Caros, &¢., printed at Tus® Tss office, at low rates, and C mmision Merchant, &c.â€"Felix Carbray. Aa Ext Ring Lost. Due Bill Loâ€"t~â€"James Gibson. Fa‘m for S.l+â€"Witiianm Todd. . Tenders for Printingâ€"William Hartcoy. Stoves and Kitchen Farnishings â€"Es monde‘s Pine Applesâ€"Jas Buchanan, Apprâ€"ntices Wantedâ€"Mre. Proderick. _ Grand Concertâ€"Prof. Qustare Smith. B mmch of Keys Found 8SATURDAY, MAY 8. 1869. NEW ADVERTISEMEX rs. Ofice : 38, Sparks Street, were much tion of the coming the largt arrivals of roow papers upon exbivition ; they Ev--t styles truly creditable: to the proprictor in s«l.ction, We understaod bis connections with large wanufacturers in Manchester afford advantages which enabls him to sell his paper at 20 per cent reducâ€" tion from former prices. We are glai to recognize jhe principle in the establiâ€"shment of «mail profits and quick returns. Call and 200. 10284 Berous the acdjournment of the House last night, the Hon \r. Houtux announced bis inâ€" tion to ask Pallament to send an adJres= of congratulation tâ€" ues Masseetr, on the ; ros pective di=estâ€"blishm«: ut of the Irish Church. Ws notice at the estubliâ€"hment of R. Eatgn, Elginâ€"st., opposite the Ruseell Hous, Mz. Wx. N. EKseren, (B. A. of Toronto University) nephew of ‘1 nos. C. Keaere®, Esq , of this city, has passed a creditable examinoaâ€" tion at McGis Coliâ€"ge, and obtained the deâ€" gree of M.D,.C.M. We understand his thesis on gup shot wounds, and his examination, were so satisfactory to his examiners that ho was recommended for the * Houxzs‘ gold imedal " Dr. Kesren intends procecding to England to further prosecute his stu‘ies with the intenâ€" tion of eutering the army, Wo wish the young gentleman abundant snco as. Yestsapar the repost of the Civil Service Commiâ€"gion ; the returus of the imports and exports of the Dominion, and a statement of the revennue and expendituro for the nine months of the m‘d'll year, «nding 31st March last, were distributed in Parliament. We havre no time to notice these documents to day. 3::‘::0 so, I may add, were all who have .. « They will form an interesting addition to the collection of the Princess, who, you are aware, takes a lively intâ€"rest in all that conâ€" cerns the Dominion of Canada. Y wurs very lnld. J. C. COWELL The Hon. William Macdougall, C B. Higig Aneval Mr. MaepovaatL has receired the following letter acknowlalging the receipt of these views by the Pauuk «: C Ossorxe®, April 21, 184y. Mr Dear Siz,â€"As I presums that you are now appruaching your bhom», 1 am desired by ber kojyal Highness Princess Louise, to +xâ€" mlwh‘;.:dm:" to you, for your alnd- ness in ing ber the photogs of the Parliament Houws at Ottawas, Her Royal Highness was much pleased\with It is known to all Canadians who Lavre resently had the honour to be introduced w mex MasterT, that sbhe takes a very marked interest in her * New Domigion" in America, aud is delighted to hear of its pro«perity and of the loyal aspirations of her Cunadian subjecte. Sir Gzores E. Canti«n and Mr. Macpotoart were agreenbly sur prised on the occasion of their late yisit to wee Mazzery at Windsor Castle, to find that her Royal Highness, the Princess Loviss, was also, net only weil informed as to the pulitica! position and prospects of Canads, but s» deeply interested in its natural lea turew, aod its matermial and social progress, that she expressed a strong desire to cross the Ucean, in order see both the country and its people. Hauaving remarked that she would like to possess photographic views of the Parliamentary and Departmental Buildiags at Oitaws, Mr. Macpoovoirs was able to gratify the wish of her Royal Highness before he left England, and forwarded, through Sir: Jogx CowsiL, a set of views taken lm! winter by Mr. McCarmtx, of the Pubhcf Works Department. | # R gret I cannot be preseat at banqnet to Mr. Wanite this evening. Hope ‘on ma«y have a go «d gathormas, an i that Mr. Whits» may be em.nobatly succes.fel in bis mission." We mention these wmaiters to show how warinly the emigration policy of the Ontario Cualsnet 1s endorsed by the people, and also stimulate the zeal of the sister Provinces in the same cause, mace was very creditable to them. This question of emigration is not a political questiod ; it is a matter in which the whole country is iuterestâ€"d ; in fact our very exisâ€" t nee as a vation dâ€"pended on it L har« mumuao‘:.occm-m,m this, act as one, and give all their iInfluence to assist in any messure that may be adupted, to further so desirable an object. (Cheers.) Mr. Arscuisarn McKesras, M.P.P., was jnvited to the banguet, but being unable to attend he seot lb:TNlomn‘ telegram : Hmence and experience ol an unsuccesstul new comer may deter many others from coming to the country, so will the success of the more fortunate induce others to cross the ocean after them. In this way the policy of the Ountario Cabiaet is particularly judicious. The care of the immigrant on his landing is equally as important in proâ€" moting immigration as the best efforts that can be made on the other side of the Atlanâ€" use to persuade the people to come here. The Hon. Mr. Carzuiyg appears to have been exceedingly fortunate in his emigration pulicy, so far at least as to have secured for it the approval of the friends and opponeats ol the Uovernment. _ At the banquet given to Mr. Wauitr, at Hamilton, on the eve ot his departure for England as E.aigration Commissioner, one of the vice chairs was flled by G. W. Bertos, Esq., Barrister, one ol the local â€" Jeaders of~ the Opposition party.. Mr. Bustox‘s remarks on the occasion deserve to be reproduced, # only as an evidence that the people of Ontario can forget their political differences when questions of common interest are inâ€" volved. In proposing the toust of "the now entering upon, and I am fully satisfied that heis the right man in the right place. (Cheer») It must be most gratifying to that gentleman to notice the unaaimous approval uf the appointm <nt by the pre«s ofall shades of opinion. ‘That they couid so unite for the fmthering of any object of national imporâ€" * Political differences hare too often been permitted to preâ€"vent our meeting on neutral commeon ground, to further a material 0*joct.: The sabject of emigration bas been too much neglected by ail administrationsâ€"Whig, Tory, or whaterer they might be callea. i am much pleased to see the matter now being so en«rgetically taken hold of. Aitbough I have be: n, and still am, politically opposed to Â¥r. White, I bare had many opportuaities of ju"‘ging of his fitness for the position he is rlio as his future home, the Mon. Mr. Caz11%0 had circulars prepared and distributed among the heads of all the mumcipalities in the Province, requesting inlormation as to how many, and what ciasses of workmen are required, or could ind employment in them. The returns ofâ€" these circulars _ wili aupply the Department with pretty accurate information as to the best way of * placing ‘‘ those who need <mployment, ana the immiâ€" grant will be apared the disheartening task of seeking lor labour in the wroog neighbourâ€" hoods. There is much gained when an immigrant at once finds congenial employâ€" ment, at good wages and without loss of time. His spirits are cheered, and his bright anc cipations so far fulfllied to guarantee that me _ first ‘ lettere to â€"his friends * at home," will contain an urgent advice to them to emigrate also. Just as the inâ€"| THE PRIiNCESS LOULs E. of ditect taxation as might enable them to one of th:ir first dutles to equalis: the exâ€" penditnr« and m.wn that our or dit abroad me«y not be injured by our being suppos: d to allow deficiem i a toarise without our being wilinx to me«t th m. We know what the A et was when a d fi.lency arose in the old Province of C:nada,. In advrerting to this be did not desire to throw odium upea those who thenheld the position he now h ‘d, beâ€" cause they had no support in the Hous« or vouutry to enable them to com» do«=a with auch measums for tasation as would equaâ€" lise the revenus and +xpenditare. 'X‘bo Government would be recreant to their duty, strong in the majority as they were in th« House, and in the country, if they permitâ€" ted it togzo abroud that they would allow a delicst w arise without being pr=pared to ask 1 are to »ubmit to the Hous : such a meaâ€"urs Te . aplanation is this: none of the # rrices of the preceding year came into the first yoar of the «xistence of the Dominion, wher as some of the services of the fisst y ar uf it« existence were postponed until 1868 aud 1849 It would be seen by the report that $300,.000 wus to cover this, which wou‘d 1 ave $562000 as the apparent surplus of 1867â€"8, He thought it better to take off a litle morâ€", because there might be excep» tions taken in the items to the sevâ€"ral Prov» inces, It Id buy best to tuke off $500,000, and we would\then have a surplus +£{$362 000. It would be re bend that in April last it was estimated there wohld be a surplus of $370,000. He 1 ht it ne«dless to take up ‘ the time of the _ House by more minnte retere to the _ results of the first yoar, b the accounts would be plac=d b fore thein, and when the House was in Cowmmittee of, Supply they would all be sulject to a sewere criticism. Haring stated the results of the year of Cunfederation, he would now co to the «stimates for 1868â€"69, of which nin« ten months have alreajdy â€" elap«ed. has been put in the hands of members a statement of the receipts and expensiture of the ni months past of the fiuaucial year. Before alluding to that -:‘t:.ng and the reâ€"sults aud conclu«ions driwn from it, be wou‘d call the â€" atteution of the House to the statement which was present d to the Hovse in 1868, of the public receipts and expenciture of the current year. At that time the three great sources of revenue, custom#*, excise and iuland revenu~, were made .-ui-r, but the . estimated recuipts from these three sources of ‘ r.â€"venue woere sad failures, The estimatâ€"d revenue from wustoms was $9,100,000, the \ mtul yleld, judging from the results of e first ten months, will not exceed $3,102,236, showing a difference of $997,764 below what it was estimated at tftwen months ngo. The ertimated revenue from excise was . $3,514,000. ‘The actual yield will be $2,904,â€" 594, showing a fa«alling of in receipts from «zclse of $808,404. The estimate tor misâ€" Cellaneous revenue was $2,500,000, against $2,701000, showing an excess in this item. I‘ne e«tima«te of the total revenue oflast year ‘was $15,114000,while the real revenne will be ooly $13,744 600, showing a falling off of $1,â€" 369,344. He thought it beâ€"t to gir« the resuolt ot «ach year as it was passing, and ho bhad oo doubt but that the result he bad stated would be found to be carried out; _ When the Govâ€" erome=nt found the revenus was {.l!ing short, anud that it did not come up to their anticiâ€" pationsâ€"â€"that month after month it fell short uf the correspouding month of the prâ€" vious yoarâ€"â€"they fult it to be their duty that thoy shoul1 uot permit any more deficits, but to look the difticuity in the fice, and meet it by tuxation, if no other reâ€"ource present «t itâ€"eif, and iu this they feit they would be s« »ported by both sids of the House, He feit it to be they had to disborse large sums of money | on account of the four Provinces, besid+s | kKeeping the accounts of the Domiaion proper. The work devolving ujpon this Departmen: in the coumpilation of accounts during the first year of Confederation was very: serious inâ€" geed. The Dominion bad to receive various sums of money belonging to the separate Provinc=s, and had to account to those Provinces for them. In stating to the House the results of the first year of Confederation be should not compliâ€" cate it byxum to all these details, but cunfine hims=lf to statements of the exact reâ€" cvipts and expenditure ~‘ the Dominion. It would b> remembered that last year (and he now mferted to the estimatss betore the Hous#,) in March, 1869, thse estimate of the receipts, including of course the arrears of the several Proving»s, in other words the gross aum the Do-lg expected to rec.ive, was $11,0695 000. result, bearing in mind the cfficulty to which he had just adâ€" verted, was that there hare been receiv d on accouut $13835,000, aud belonging to the Provinces trom July, 1367, a further sum of $985,600, making a towl receipt of itom July, 1867, to July, 18 .8, of $14 381,000, against an estimated receipt of $14,695,000, showing an amount over the estimat. d receipt of that year otf $375000, notwithstanding that during the montbhs of :'pru, May and Juan« of last year the falliog off of the t v< nue from CUstoms becane very rapid, With reference tâ€" the +xp.nuiture of last. year it will be mmeâ€"mb red by reference to the state.â€" ment made to this touse in April last ttinat the whole estimated expenditure was $14,321,000. The ascertained result is that the exp»en liture for the Dominion proper is $i2,073.000, and the »xp nditure on account uf the Provinces is $572790, making a total «xpenditure of $13,545,.190â€"our estimates falling short of our actunl expenditure by $575,000. Having given the actual receipts and expenditure hbe would now give the «ctual results brought down, leaviog out on both sictes the receipts and payments found to apportiin to the varous Provinces, Our eceipt» wet» $13,835,460, an 4 our expenditare $12,073,211, showing aâ€"strplus of $962,259. The House must not regaurd tois surplus as altogeth: r an actual oue, becanse during the Arat of Confed@ration various services which would in ordivary years belone to the | precuding on â€" new went to swell the expâ€"nâ€" | diture ot 1867 and 1868â€"a» portion of the ontlay beiny borne by arrears coming in the | , bat year. All theseartears Were charged to | ; the several Provinces, and no arrars w ro | | charged to she armâ€"angement for 1867 and 1898. | Hon. Mr. ROSE on rising to move the Houss into Committee of Ways and Means, said it was dus that he should express his thanks for the valnable support he had always received from bis friends and colleagues. There had been great dificulties to overcome ’ in arranging the public accounts at the com, mencement ot Confâ€"deration. Thers had been _ monies received by the Dominion on account of the four Provines, and money paid out by the Dominion which bhad to bs charged against the Provinces, and the arrangement of these miff«rent accounts had been a work of no onlinary labour. He then procea«ded to aketch the points to which be intended to *call the att.ntion of the House. In the first place he would state to the Houss the results of the â€"first year of Confederation: next the probavble results of the, current year ; in the third place the «ffect of past iegislation upon the circumstances of the country ; in the fourth place to lay before them by aoticipa~ tion the estimates for 1869. He said he should mention that the fir»t year ot Conâ€" tedesation was a year of consi¢erabl« dit. culty, so far as regards its fAinancial adminisâ€" tration was executirely concerned. They had to kâ€"ep not only the accounts of the old Proviace of Canaina, but to keâ€"p the machin ry of the Province of Ontarieo and Qabec at worik, as they were not in a pusition to petform their own services, Then [CANADIAN PARLIAMENT, COn the Orders of tha Day bell%ca.llcd, Sir JOHN A. MACDONALD said the Gov: rumeat uigasures on the mt would be allowed to stand, to enable Finance Minister to proceed with his statement Mr. SAVABRY introduced a Nill to inâ€" Ctease the powers of the Banks of Nova Scotia with respect to issuing notes. . â€" THE AUDGET. . * Hon. M:. CARLING introduced a Bill to enable the Great Western Railway to coovert preference boads into ordinary shares. Ar. BOUL TON introdvced a Bil! to increase the capital stock of the Bank of New Bronsâ€" wick. ©> L Hon,. Mr. TILLEY presented the retara of the imports and exports of the Dominton, _ A number of petitions wers presnted and others received and read. f Fmoar, May 7. The SPEAKER took the chair at three o‘clock. HMOVSE OF CoOMMONS. #ECOND SESB!0® : FIR&T PARLLAME®T, Hon Mr. HOLTONâ€"We bhave had no disâ€" cussion on thes~ points here. _ Hon, Mr., ROSEâ€"One or two Observations had fallen from bis friend from Lambton, to the eff ct that they had misused the funds which bad been borrowed on Imperial guar. autee, and he wished that there might be no misunderstanding in the Hous« or country on this sulâ€"ject, because it war a matter of great imj»itsnce, involring, he might say, the honour of the country (Holton, hear, hear). 8 ssion wou‘!d be the Intercolouial loan. As the House was aware the Govreroment borâ€" rowed two millions sterling,â€"oneâ€"million and a halr on imperial guarantee, and the remaining half million on the sole credit o( the Province, Objâ€"ctions had been taken both by the Houseand the couniry,. These ubjections, it appâ€"ared to bim, were divisible into whr.e points. First it was object=d that the loan was made prematurely ; secondily, that there was to0 much thrown on the murk«t, and thirdly objection bad been tiken to the tom poral employmâ€"nat of the loan. vide means by the less woaltby classes could invest t surplus earnings, which wight otherwiss worse than tbhrown away.. The Savinges Bank Act bad been in. operation only year, yet there were already no less two bundred and thirteen offices in ope n,° having six thousand and seventyâ€"nine itors. The total amount of deposits was 16,383, | of which $384,000 carried four per cent. inte % aud $285,000 five per cent., and the temainder bearing _ no interest at â€" all. as worthy of notice that of the 6,079 da tors, pearly one third were minors and married then. He would probably have occasion to bii under the notice of the House at a later peri in the Session this question of Savings Banks, and be would, therefor«, say nothing more about it now than to state the money result. The House was aware of the different systeins of Saving Banks in operation in Nova Scotia and New Brunswick, and the whole subject was one which it might probably be nocessary _to. brinog under the rotice of the House at a foture day, His last referâ€"nce to the legislation of last vings Bank Ac& which was only y: t in parâ€" tinhoperation. Heconsidered it a moral obâ€" ligatihp, on the part of the Govirnment, to provid ilities to the workingy cla«s»s for a sate investment of their small savings, Noâ€" thing was e calcuist d to promote the moral welfar the community than to proâ€" vide means by the less wenlthv clasase Hon. Mr. ROS8Eâ€"Not directly through the Government, as bis hon. fiend, the Treasurer for Ontario, could inform the House. Hon. Mr. WOODâ€"We purchased the stock in the market, Hon. Mr. ROSE then proceeded to speak ot the result of the operations of the Post Office MHon. Mr. ROSEâ€"The stock was issned for 1887â€"68 ; and none was sold to the public er¢ ptâ€" the oâ€"iginal issue, Hon. Mr. HOLTON said the amount of Dominion Stock fesued did not appear on the Statement of revenae anod oxpm‘trman' for the prosent year, Mr, McKENZIEâ€"Was not some sold to the Ontario Govrrnament? Domimon stâ€"cke. _ The tot«l amount is<sue i was in the hands of the public, $1,500 000 ; to iusurunce compapies $1,833.000, and tor conversion of bouds into sw«k, $17,000. It was gratifying to notice the confidence the Subllu had shewa in the stock ; but the â€"verament had céased to isue it to the public the moment tuey did not require the u«e of the musuey, though they coutinued to receive applications for the stock. Hn,. Mr. ROSEâ€"That statement is made up to the frst of ~April only. Of the cowpanies liconsed vight wetrs Caâ€" pawlian, seventeon â€" English, and tweive Am:rican, all sound, respon ible companics. Next he wou‘d say a word in refâ€"r nco to the Hon. Mr. HOLTONâ€"The stitement in our hands shows the amount to be only $1,â€" 625 399. _"mious ways, which he wouid now dotail. H+ would first mfer to the I&uunco Act of lust Session, and the result of its operations. The oumber of offires licensed waus thirty= seven; the total amount of securities given by these companies to the policy belders, _ by degosits of _ cash and arailable bonds in the bands of the Government, was $3.723 723, of which $1,â€" 833055 was in casb, and the remainder, $1,890,663, in boods, which conldraa conâ€" YVertei! into cash in three years from the passâ€" log of the act. a very greal strain, Id-‘,l:po. our resources at the outs«t of the Domigion ; and they had endeavroured to meet these obligarions in various ways, which be wou!ld now dotail. as allâ€"cted by the lâ€"gi«lation of last session, He would refer briefly, and with as little inâ€" trivacy of detail as possible, to the result of one or two mcomâ€"utres, 1t would be rememâ€" bered â€"_ that when hbe addressed the nation, «it was set down at $4733,195 Maving now adverted to the ascertained results of the first year of Confederation, and the anticipated and all but ascertained results of the present year‘s operations, he would then say a few words with referâ€"ncs to the actual financial position of th» country, supply the void (hear, bear.) They should | prepare such measures as would be sustained by the House and the country. ~Entrtaining thess views they felt it to be their duty to exert every . meunps â€" by which this deficiency _ could _ be avoided. They saw the revenue was falling shot in consequence of pastercessiveimportations, | and they foâ€"lt it to be their duty to endteavour w see whether by eeonomy it was not possiâ€" | UIs toavoid that deficiâ€"noy. Where it was possible to forego a:, expense consistent | with the permanency of the serviceâ€"the Govâ€" ernmeat hare endeavoured to do it. They evntracted no new obligations, and entered upon uo new works,. They acted exactly as any individuaal would act if bis annual inâ€" come fell short ; they took stock ; and where | any service was efficiently performed they did not incur any new obligations or enter upon any public works, which it is always the wbject and interest of~ every _ counâ€" ty to have dono if its _ revenue enabled â€" it to bavre them . constructâ€" ed, On every one of the itms roted to the Government, there wasa saring effected last year, except one, that is on interest on the public debt, which has been angmented by reason of our baving borrowed the half of the money for the Intercolonial Railway. On every one of the items there had bp a saving,â€"administration of justice, militia, public works, collection of revenue, &c. Ho would next refâ€"r to the operations of the year 1868â€"9 By refcrence to tho statement already in the hands of members, it would be sean that the gross receipts of the year would be $25869,037., Deduct from this the loans, &c., for the _ redemptios® of debt, _ $12,124,381, and> there reâ€" malned, as ordinary revenue, $13,744,656; The gross expenditur«, for the ram« period, was s«t down at $22,409,181, from which was to be deducted for relemption of the public d «bt ana investment«, of which he would speak presently, and payment of arrear«, amounting in all to $8,938 456, leaving as onlinary exâ€" pensiture $13,470,624. Thus it would be seen that there was a surplus on the year‘s op raâ€" tions of $274,032 (hear, hear)." He desir«ed to say in staiing these figures that be bad cuncealed nothing ; tnat there bad been no postponement of payments ; but by the aid of his colleagues and the officers of his ds partmment, he hbouestly ascertained what would be the receipts and expenditures for the current quarter, and the result was just as be had stated it IndeeJ, under the provision« of the Audit Act, there could be no postponheâ€" _ment of any payments, , unless . they Brai asked the Hous»e for new votes as the old ones wou‘d, by that <Act lapse at the end of the finaucial year. This provision might be troublesome, but it was ; a very salutary one, and he should be sorry to l see it departed from,. He knew tiat it was easy to produce & balance on one side or the | other, and be wished the House to understand 1 that the result of this year‘s operations, which 1 he bad just anoounced, was reached by the most l patiept and cureful inrestigation in every 4 department, of the public service. His colâ€" | : leagues koew that when they found that the { reÂ¥eoaue was failing off, they were ask»d to } asnbmit an estimate of the probable expendiâ€" @ ture for the cominag three months, and ail; r a careful, and, he was sure an accurate, examiâ€" wUS0 on ascount of THK OTTAWA IMKS8S, MAY 8. there was a the latter. + Iustead of there bring large importations coming in, our merchants have prudently stayed their hands. ‘The soundness of the country is seen to a great extent in the transactions of our Banks, S wwings Banke, and in the forwa:ding of rail way traffic. The increase of our material wealth is shown by our municipal returns. To show the progr sâ€" a‘ye rate in which dâ€"posits in the banks of Upper Canada had bâ€"en going on, he would atate that in 1858 there were acpositâ€"d in the banks $8,300,000, in 1868 thâ€"re is a deposit in the lanks of $31,000,000. ‘Then the d posits in the Savings Banks of Ontrio and Quebec was, in 1865, the sum of $2,900,â€" 000, in 1868, $3,234,000 ; and in Nova Scotia and New Brun=wick there is the same grati~ fying rate of increase in the deposits in the saviogs> banks. ‘This did not show an indicaâ€" tion of ruin and decay in the country, Theo, in railway traffic, there has been a fair rate of incresse; and also in banking @rpital there has been _ a large increoaso in _the l on n e e ns .mb-rnulnw, not wholly to be deplor=d. t is not w its compensatiog advanâ€" tages, It must the result of vither poverty or prudencé. He beliered it was a sum of ($974,000 over aud above the _ total: â€" amount of . the _ loan which bad ‘been _ invested. In this sum, there was $1,500 ia the Bank of Monâ€" treal bearing four per câ€"nt. interest. Arâ€" rangements had also been mad=, in case of necesaity, for an advance of .t”:ibo. sterâ€" ling from the London agents, aud also a sum from the Bank of Montréal; but these ai. vancesâ€"would not be required, since he had already sbhewn that the Government had nearly a million of dollars, over and above the amount of the loan, from other sources than those of ordinary reveaue. Any man would say that the interest and the honour of the country had bâ€"en duly guarded and most amply aecured.© It would bave been wrong to have failed to make use of the loan under such circumstances, when the means were so ready at han1 to replaceâ€"it as fast as required. Bcfore submitting his estimates in detail for ‘ the coming year, he would refer to the condi. . tion of the country, for upon that condition depended the revenues. It had been said that trade was languishiog, and that the prosperity of the country was sufferiog becauss of the want of a market. ‘But the cause of the dullâ€" ness in business was over trading and over importationsâ€"over production in some brauches of _ business, which always tended to produce reaction. Our geaâ€" ral condition is socod. The great of the agricultural population are well \ We know .that last harrest taken as a whola was not a bad one. ‘There are indiâ€" cations\of soundners particularly in th« western part of the Dominion.. With ample mâ€"ans in the coustry, the falling off of the revenuse in the first view of the case, however uc c c d VIELE 1 4s yR 1 cuurse to bhave left it in theitr bands when so large a eaving bad been made by its investment,. After comparing the interest on the loau with the interest accraing on ths sums in which it had been invested, he said there bad be n a clear anuual suving in inâ€" ter st of $126 620. Then tue &uuuon arose, how are you going to r coup the losn ? He then shewed that the receipts of the Governâ€" ment from various sources independent of ordinary revenus would be available to meet the charges for the coustruction of thJ Intercolonial railway. There were the India bonds $749,000 ; the Great Western Rarl way deit $3,254,000 ; there were th« receipts from the Insurance Comp inles, makiog altogether & sevuiees :s d Bmws L. â€" IP hednE id u0/ Fever ds ts O uks tot uic asimird 1 and at the sume time the aunual Iut rest on the Intercolontal loan? The Lundon agâ€"nts were uowiliing to allo# more than. ose |per cent. for the loan, und it wou‘d have . bech & censutable d intdit 44. 0t ...A ... s 4 EErcedele of the Londou ageâ€"uts, _. The sumse thus invested represcawd an annual inâ€" terest of $353,000. Was the House willing to luse $353.000 on thess loan«, FSF M oo taa To 1 o en eeeny‘e Smvey and | partly in India bonds, thus saving a large amount of interest. Hoe was willing to stand the tyllest scrutriny on this matter, and to abide by the resuit. The money was just as safs as if it had been invested in Eiglish Exchequer bonds ; and they had extinguished obligations carrying seven per cunt. by anâ€" uther carrying ouly five, â€" Though there bad been a flvatiog debt, it appeared that our creditors desired to be our creditors still. They were quite willing to have accept=d six pr cent, debentures in lreu of theâ€" seven pâ€"r cent. loaos. There had been received on the Intereolunial Railway Loan $10,283,003 Phis money bad been invested in various ways, $270,000 in the sinking fund ; a baiâ€" ance of $681.000 on the old Imperial canal 2. i 0 ind m oo as c n E* t Vpmidpiniinn ons iris n " Pectstscionst loan ; $983,000 had been paid to Messrs Baring & Gilyn ; and $2 500,000 to the bank ; $500,000 to OQutario, »nd $873,000 inter. st Tu ts remained $2,900,000 in the hands Hon. Mr. ROSEâ€"No. One million being but a very small amount in the London money market, it migat be depressed to a low figure and taken up without dacage to the previous luan, but with oneâ€"half the amount already in the mark«t, the other half could be floated at & corresponding rate. Then he would call the attentiun of the House to the use which had besn made of the loan. He appreciated the jJalousy of the country in holding the Govâ€" erament to a strict account for the production uof the money borrowed for the construction of & great public work at the very time that it was wauted. But be would ask, was it desirable that this money shou‘d have been ‘ allowed to lie idle at their bankers ? Instead of doing this, and losâ€" ing the interest of the money, the funds bad been partly invested in old Canadian de. beatures ; partly. ilz Canada Exchequer bills, Mr. McKENZIEâ€"wourd not the same argument apply if the loan were but one milâ€" lion ? war, by. paying the interest on its dubt in gold, had recently negotiat«d a loan on terms far less favourable than Canâ€" ada, in fact the eleven millions loan hed only brought the Russian Governwent seven milâ€" lious, . It was impussible to attract tho atâ€" tention of capitalists by a small.loan ; but by floating one half the Intercolonial loan they had sucured the pruspect of floating the other half, on terms equally favourable, subâ€" joct to the changes in the market. The Lold- ers of the loan were men of influence, who. would not permit a depreciation of their stock by floating the balance. be wanting in hbis duty if he did not here publicly acknowledge the handsome and liberal. mauner in which the Imperial Government act=d. towards this country in this matter, (hâ€"ar, bear). They felt that the state of the morey market fully justified them in placing the loan upon the market at the tize they did, for there ~had been mno time since when it vould have been negotiated on terms so highâ€" ly favowable to this country. ‘EKven the Russiao Government, which maintained its credit . in Eogland during the Crimean Mr. ROSEâ€"Yes. Havihg stated the result of the loan, hs would say uone word about its beivg premature, _ The money market was a very ticklish thing to deal with. At one time foreign _ loans _ were in favour ; _ at another time they are in disfavour ; and the London market above all muet be taken at the proper time, or otherwise the chance is lost. _ Last summer certainly seemed to be a good time to contract the loan. Peace preâ€" vail. d througbout the world ; the Abyssinian expedition had just been brought to a sucâ€" ce«s(ul close ; there was a great plethora of monâ€"y in the market ; the difficulties between ~EKngland and the United States bad been allayed ; and allâ€"these things considered, it was thought by our agents in England an: extremely favourable time for the loan. The Governmâ€"nt could not tell without personal intercourâ€"e‘ with the Imperial authorities, whether they themmselves would contract for the loan, in which they gave a guaranteeâ€"as they had done some seven years beforeâ€"or whether they would leave the operation enâ€" tirely in the hands of the Cauadian authoriâ€" ties. It was found â€" after communication with the English Government that they were disposed to allow the Canaiian authorities to make the operation in any way they pleased, ?ud th«-y_prol_nhfl to endorse it, and he would The loan was ffered to the public at large. H : was not aware that any objection could be taken to the form of the cuntract. They mixht ‘have found private contractors to take up the whol« amount at afair premium, in fact, they had doclined offers of that nature,but upon conâ€" mideratiou theyconclud, d that the most straight forward and advantageous way was to invite public tenders. _ The House was aware of the result, There were over 350 tenders,amounting to some eight and a quarter millions, â€" This loan had been effectsd at a rate of interest, which, if a sinking fund was employed at six per‘ceni.â€"as they had power to doâ€"the whole debt could be extinguished at the <nd of the 35 years the loau ‘was to run. Mr. MNcKENZIEâ€"Allowing for cost" of management ? & Several Bills from the Senate were brought down, and read & first time: Hon. Mr. ROSE resumedâ€"He wished it not to be undurstood that in the remarks he real result, taking a gold basis, shows that uhder the last year of the Reciprocity Treaty our exports to the United States were to the value of $39,500,000, aad last year $24,226,000, showing a reduction of over $8,000,000. There has been an increase in our «xports to the United. States: in the article of wheat. Comparing®its export in 1866 with that of 1868, there has been an increase in value from $2,780,000 to $3,700,000. The decrease bas principally be n in fish, wool, cats and animals,. Ta <the, last year ot _ reciâ€" procity _ there â€" _ was an enormous export . by | reason _ of â€" the proposed expiration of the: Reciprocity Treaty, and farmers oversold them«elves. â€" The decrease in the export of animals has been very great, esp=cially in the counties bordering un the United States, and they felt the loss of the treaty most. Butin the articles of wheat anod coar«e grain, notwithsfanding the duties im. posed, the exportation has increased, diminishing the price bere, but eonrlllng the American consumer to pay the duty. _ ‘They will still consume the great bulk of our grain: Of the whole harvest of the United States, less than 5 pet cent. goes abroad for consuimption, and 95 per cent. are consumed by the people themselves, ‘ chair . market, which, under other cireumâ€" stances, we should have found. Hâ€" did not d=ny that the pusition of isolaâ€" tion which the United States had adopted since the repeal of the recipracity treaty worked injuriously to the irade of bouh cuouotries, but it would be found that th« @xrtent to #which the staple products of this qountry found access to that market had b:en much exazgerated. He would call the attenâ€" tion of the House to the circumstances of our position in relation to the New England States of the Union, â€" Situated as we were at the head waters for seaâ€"going vessels:alongâ€" wide of the great consumng power ot the United States. The extent to which those manufacturing States consume agricultural products is not generally known, and the small amount of produce which they raise themseives is not generally known. They, must import lar;ely from the other States and from GCanada. We have an advantage in being near this great consuming country,. while every year their wheat growing land is receding more and more westward. It l-} true the facilities for communication are inâ€" creasing, but not in the same ratio as their wheat producing countries become more rymote. In Ontario with asmaller population we have more acres of wheat and larger proâ€" ducts than the State of New York. New England being close by us, gives us an advantage, as their whent growing lands are gâ€"tting more remote. According to a report of Mr, Andrews, of Mass., more than jour times the yield of the New England States is sold in Boston market alone. In reference to the. enormouns falling off of our «xports to the United States since the abrogation ot the Reciprocity Treaty, he had obtained an official statement according to which the gross value of the imports into the United Siates from Canada during the last year of reciprocity was $36 090,000, while last year their value was $28,000,000. ‘The question of values must enter largely into this calculation. Gold was« then at 50 per cent. promium, while now it is 33 per cent., that would affect the values. The all our dificuliies to a wrong cause. We should endesrour to ascertain whether to aitribute th. depression of our trade to that cause or not. During cight years previous to the expiration of the Reciprovity ‘Freaty, the trade boetw.en Caaada and the United Stites was very large, being something like thirty. fire or forty million dollars, and he fâ€"ared this câ€"rtain and ready accers to a neighbourâ€" ing market made us too dependent upon them, preventing us from seeking a rival It being six o‘clock the SPEAKER left the mir . 6. | paidâ€"u capital. _ The _ statistics _ ot \ had e :unlcl':nl cporpontloul showed & proâ€" ‘"*0 it | vress in the condition of the country, | beti c | By taking these statistics, given by 20 muâ€" | Siat y | nicipalities, and comparing the returns of | port )â€" | 1867 with thore of 1868, it will be scen that | !t w it | the increase in the value of farm stock is 20 | to i e | per cent. in Upper Canada ; that is more than | Advi ie | three quarters of a million dollars. The in. | £0co § | crease of property and furm stock is $2, | toge is | 490,;000. Apply this increass of farm stock | two t, | to the whole of Ontario, and we would have | feeli x | an increase of $1,113,000, making a total inâ€" of tl e | crease of property and farm «tock, for one | Shot 4 | Province, in one year, of $3588,000.. So far | bo : as one can judge from such evidence of the | &ctu f | actual condition of this country, it is substanâ€" | men tially sound. Look at the estimate of the out r | t0 i ; | world, as to the va‘ue of our securities, either | Of n ; | here or abroad. Our six per cents have risen The , | frow 97 to 105, while our five per cents have | she» > | risen from 84 to 95. That was pretty good | of t 1 | evidence of. our condition, Compare. the | Quot _ | Yolue of|our securitics with those of the | Ame ; | United States; during the two years past in ex , | thiir -ixrpar cent. stock rose from 79 to 83, | fish : , | and their five per cents trom 73 to 78. In | Recij _ | Massachusetts their five per cents have only | Statâ€" ; | risen as high as 78, while ours have risen to | $21,% _ | 95. He would now endearour to asceriain in | dectr: 3| whut branch of trade the great falling off had | Artic , | been, and to see whether there was anything | 44 P , | except the circumstances to ‘ which he had | there , | adveited qthat need cause us . anxiety..} 490 j , | He would refer to the increase of imports | Ol 4( , | previous to 1868.. In the year 1859 in Canada | durin | aloune we imported about $10,000,000 worth | force of dry goods. In 186$ that importarion had | Agric } | risen to $21,000,000 ; we find in 1867â€"68 the , flour, | revenue fell off principally on wool and lt'o I | linen. The decreaee of the per centage of | upon _ | duties last year is 25} per cent., which is 16; | ©xpo" ; | on woollen goods, aud 24 per cent. on linen, | FA* â€" | but in musiin there was a large increase, | twily | The decline in customs duties during nine | On° t | months _ of 1868â€"69, â€" compared _ with | and the corrâ€"sponding months of 18§7â€"68 ) Derb; | was $450 000 in Upper Canada, or 9 per | nal | | cent.â€" In . New B'nE:wick $101,000 | râ€"fer or 15 per cent; in Nova Scotia $321,000, or | Unite 31 per cent. In all, a total of $370,000, or | depet 13 per cent. He had advanced theâ€"e facts | forest just mepntioned, to show where the falling off | that in our revenne was«, and that our orn produc. | being tions hed consisera 1. to do with it,ana he | now t hoped they would go on and prosper, He | so th« bad felt it bhis du‘y to justifs to the House | COU!it the ground upon which te relied in forming | upon an opinion as to the revenue of the coming | There yoar. He came to the conclusion as to they c£use, incuome to be derived trom customs agid ex is», | incr: & not without taking the most carâ€"ful meaos at | 1¢pt@ the _ disposal _ of _ the _ Govrerament,| was i to _ ascertain . what . was the _ probanle | ONly prospâ€"ct for the ceming year. We have | this e end. avoured, by â€" gâ€"ttingy every sourcs }O«a08 « of inturmation in our power, to arrive at reâ€" | Jumbe sults, which it wou‘d be his duty to put the Moute House in posses«ion of. We direct d circulars | Othyr to the principal cus:o ms officers in tue Dominâ€" coflLU ion, we addressed various public bodies who | had b would bave this intormation, not in poss»ssion | thoug! of the Government. _ We obtained from our| thougi own officers the necessary ratistics of imporâ€" , wheth, tations, and comparison was made between | 9/ : this year and. last, but the ultimate reault | Litle depends upon wheth=r Providence blesses us | tust ‘1 as last year with : good harvest,. It would | Btates. apponr as regards goode, there has been a leas | the va importation this year, but the average of some | bad tal years preceding, In the coming year there | remark will be an increase, the duties on goods being | T<turof in 1868 about $775,000, in 1869 $1,020,000. | that ur We have endeavoured to uscertain the amount | iuform of stock the merchants have in hand, and it | PP8Ssest falls short in 1869 of the previous yrar. Of | ports a twenty.â€"threo returns which ware made, seven | From had stock the same as last year, six had stocks | t«ined larger, but ten of the most important places | Nova | say their stock: are considerabiy smalier tha n | Truak they were at this time last year. Eleven s«id | 8t. Law they believed the importations this year would | 21,000, be in excess of last, seven said they | 18556 of would be bequal, while five thougbt | 1867â€"6 they would be lees. He doubted whether| Raiiwa it would be for the interest of the public that | rels of there should be the same large importation as | barrels there was last year, He found the customs | barrels during the first four months of this year M showed an increase of 2} per cent. over the i increase of the same quaitâ€"r of the previous porte is year. He found that Qpril shows. an inâ€" Hon cramse of $# per cent. \prer that of April, Scotia & 1868. Hs» thought th« reyâ€"nus from customs CreR 0 would not fall snort of that of the past year. | could J in reference to the exciss, there has beâ€"n an ,:. U increase during the past four months over the Pmp:‘cu corresponding four months of the proced:n‘ crease i year.â€" He would now allude to the causes Of | oyer th the staguation . of trade. It had gen. could le erally been attributed io some measure more t} to the want of reciprecity with our Reigh» | tiny oy bours on the other side of the border. No ph_fon, man valued free int«rosurse with that people leavi wore than he did, but we should not attribute ,...,..‘.15. After Recess. year for 1869â€"70, every item had been reduced to the lowest limit; and he furtbher bad to appeal to the patrivtism and forbearance of bon. gentlemen in this matter. He boped thry would not ask for auy expenditure on any works which, however ad vantageous and n:eful in themselves, could not be underâ€" taken without a resort to extra taxation or borrowing. In regard ~to local works generally, such as custom homer,tat offices, wharves, &c., he thought exira taxatiou ought not to be imposed. Such a work as the acquisition of the Noithwest territory nigh‘t fuirly be charged to postâ€"rity. _ But be kmcusKA cce at oa o esc ad L would say that with the acquirement of such tional existence for it (bear, hear.) We must meet them as equals, considering simply what is to the mutual advantage of both countries, and for the promution of free and kindly intercourse. There should be & disâ€" tinct enunciation of opinion in this country that no mattâ€"r how much they may prevent int ‘rcourse with them, we are not dirpoased to pay a price for that intercourse by giviog up our associations, or our national existence, (bear, hbear.) He bad great faith in our abslity to get other markets, which would relieve us from «ny tâ€"mporâ€" ary depreâ€"sion which may now exist. At one tims it was supposed Eogland would be utterly ruined by the loss of the cotton trade with America, but we know that other mrk:f were soon opened up, so that now less than 40 per cent. of her cotton comes from America. He «id not desire to say more on this subject, but he thought we ought not to exaggerste the injury to the trade of this countryâ€"which he believed was only temporary, by restriction> on trade with the United States. The t?mo may come when this qu.stion may have to be considered in a more seiious light ; but this was not the time to do it when we iound the United States indisposed to open u negotiaâ€" tions.. The Committee of Ways l'zd Means | had, however, unanimously reported in favour of a renewal of reciprocity, and this report . would probably. be catried into effect. He would now ¢ull attention to the prospects of the that we cannot go on thus for ever," ghur, hear). ‘The time moy soon com: when we may require to have a national policy of our ewn (bear, hear), and that national policy will by shaped solely by those conâ€"idâ€"rations which affect our own resources (hear, hear). In entering upon negotiations for renewal of this treaty, we ousht to letit be unmistakâ€" ably uuderstood that much as we desite on national and commercial grounds less restrictedintercourse with the United Stat=s; Hon. Mr. B%SEâ€"No. Merely to Novae Scotiaand New Brunswick ; showing an inâ€" crea e of about 33 per cenot, He regretted he could uot give similarly accurate information respecting the articles f:om the Lower Provinces to Ontario and Quâ€"bec. The inâ€" crease in coal last year was about 17 per cent. over the previous year. This year from all he could learn that percentage was like‘y to be more thau trebled, because we were now getâ€" ting our supplies of coal principally from Pictou and othen}lm of Nova Scotia. Before leaving this lnl»l| «ct of our trade relations with ourselves and with the United Stater, he might be permicted to say a word more with reference to reciprocalitrads with the United States, We might fairly say to thâ€"m, " We do not complain of the abrogation of the treaty ; we bave no fault to find with you for your action at that tim:; we kuow the peculiar difficelâ€" ties in which you were then ijnvolved ; we know the state of public feeliug which unfairly prevaileda respecting us during the war, and for which our prople aud Government were not to blame ; and we believe that since that time you have formed juster _ impressions. of our _ conduct towards you daring the war: and that all irritated feeling has passe=d away. We have not since that time sought to retiliate ; ‘ we have giÂ¥â€"n you frely all the advantages you possessed during the continuation of the treaty ; we mu«ke «vyery allowance for the ©rceptional circumstances undâ€"r which you abroguted the treaty ; we have waited pitiently up to this time, giving you every adrantage you had before, and not secking, in auy way, to enteraipon a retaliating course towards _ you; we have allowed _ you the free navigation of our canals und rivers, the use of our fisheries by paying a mere nominal license as an assertion of our rights | to them ; we have not sought to interfâ€"re with the transmission of goods in boznt across the Western peninsula, by imposing conditions such as yon have imposed npon us ; we have allowed your flour, grain, sait, hops, coal, and other products to come in fies for the lut, three or four years, but you must understand Mr. MoKENZIEâ€"Does that embrace exâ€" ports to Newfougdland ? ot \ had made, he attached simall importance to ,. ; the renewal of free commercial intercourse y. [betw en this country and the United 1. |Biates, No iman couid attach more im. f | portance to their renewal than he did ; and ig | it was because he attached suchâ€"importance p | to it, not only on account of its commercial 1 | advantages to both countries, but also on . | account of its national advantige in bringing _ | together to closer commerciai intercourse k | two peoples who bave so many intereâ€"ts and e | feeliugs in commoqn, That he dâ€"sired the effects . | of the ubrogation of the tre«ty upon ourselves e | should not be exaggerated, that we should not rp | bo represented as sufiering more than we e | actually did. _ He thouglit exaggerated state~ . | ments of our trade being paralyzed were likely rp| to interfere with the satisfactory conducting r| of negotiations for the runewal of the treaty, n | The table to which hbe had referred, s | shewing the «ffects of the abrogation ; | of the treaty, embraced not only Ontario and s | Quebec, but the whole of the British North ; | American Provinces. The grest falling off ; j in exports to the United States was in coal, fish and cattle. During the last year of the ; | Reciprocity Treaty the exports to the United r | States, from allb the Provinces, amounted to ) | $21,340,000 ; in 1868 to $20,061,000, shewing a ; | decrease of a little over tive per cent. Intheâ€" | | article of lumber there was an iucrease of ; | 44 per cent., and in one or two other articles 1 | | there was also an â€" increase. In animals . | and products of animals there was a decrease | j | of 46 per cent. comparing the last year | during which the reciprocity treaty was in | force with 1868.. Taking the products of | agriculture as a whole, including grain and _ flour, thore ghad bgen a talling off of @bout [two per c«fiz., the greateet decrease being, | upon flour, there baving been an increase in exportation of wheat. â€" In other articles there , | was a decreuse amounting to $300,000, or, | ¢welve per cent. This statemâ€"ut taught us _| one thing, that we ought to value our forcsts | and our timber. The repoits of M:lsu.l Derby, Welles and Waik<r,, the Interâ€" nal Revenns Commissioners and others, all | râ€"fer to ths fact that all tho«e parts of the United States south of Maeryland, mainly depended for th: is supply of timber upon the forests ot Cauada. Thess reports alâ€"o showed that the timber of the Western States was being seat in large quantitics to thos» regions now being open d up by the Pacific Railways, so that the Eastern States are now and wili coviinue to be more and more dâ€"pendant upon this country for their supfly of lamber There could be very little douvt of this, be. cause, . notwitbstanding the enormou«ly incrased duties put upon lumbr since the repeal of the: Reciprocity Tr aty, the export was increased by foâ€"tyâ€"five per cent. Not only was the export ot lumber incrâ€"asing in this enormous ratio ; bit we found Ameri/ | oans coming into this country, buy."Ing up our |â€" lumber, and â€" shippiog it irect to | Hopte Video, _ Barbadoes, Australia and | other countries, instead of through theirown | conLtry, as formerly. These were fa ts that | had been ascirtained from unquestionable, | though not directly offic‘«l; sources. He|‘ trougut that looking at thi<article of lumber, & whether in regard to the iuture demand, or || oi means to supply it, we had very |‘ litle indeed to frat _ any policy || tuat ‘might be pursued by the United |‘ Btates, With refcrence to the trade between | ! the various Provinces of the Dominion that | ‘ had taken place since the Union he would | ! remark in regard to the trade and navigation | J rcturos just placed in ths hands of members, | that unfortunately they did not supply the | I information which it would be desirable to | ‘ possess. They merely show the amount of <xâ€" | ! ports and impurts of the Dominion as a wmj« * From various other sources be bad ascerâ€" | tained that in 1866â€"67 there was sâ€"nt to | ‘ Nova Scotia and New Brunswick by Grand | Truok Rs:itway, 288,000 barrels four ; by river t 8t. Lawrence,99,000 ; by Suspension Bridge, P 21,000, making an aggrezate for the year | * 1866 of 408,000 barrels of flxur. In the year | I 1867â€"68 there were sent by the Grand Trunk | 4 Railway to the Lower Provinces 328,000 bar. | t rels of flour; by the St. Lawrence, 107,000 | ° barrels ; by the Suspension Bridge, 14,000 | ! barrels ; aggregate, 443,000 barrels. i f |';xvvjp;r'e_d" “t;_ ;;re_ up our naâ€" llllgut ake shoiler would mhts 00 to the baronet would not find it ©°*#0 ; +xpend any money for that P'P":'.. by i hon. gentieman could reduce the entitle of a million insteal of 4, be wou! | himself to the gratitude of fi““:‘"‘ Mr. ROSE said he was afraid E‘. was 4 misunderstuod _ when it was said tB°X _ ",., deficit of $4,500,000. This 99 * / g, not help thinking th«t it bad ""'? to very in‘}ndnciou. manner. He -“d hear that the gallant baronet i8 ‘Slive t the War Department was N”“’d the beauties of peace. It was 10 h‘ that when the mobile force of the ©000"" _ , been remarked the Hoh. MIWCUC" __ _ Finance, we had bt{o wm':': to deal with, and the House | position to discuss them M-:: respect to the first, they bad noty4 the the Public Accounts.© With ufi: ally next, they knew positively u““ o and had but very meagre estimatet bed fore them, _ ‘The hon. geslleMMh 7. been out of his reckoning t# #° "., loansâ€"new devices, were rqur® /.. ,, this. â€" The Hon, Minister of Finan® 44 < did not intend to incur any new «bMPMM He did not propose to follow his he8. 6 in extended remurks. It was binte! t discussion _ sbhould â€" yet "J on _ the ~ question _ of pa He had yielded to this hint at the @WUH 5y quest of the other side of the A9##"""â€" g4 that the subject had been introdu®s Â¥ 5y hon. Ministcr of Finance, be (Mr 40 not help thinking that it b‘_'"__". that when the mobile force O! °97 "* . . . re.Juced, the fortifications bebind '.":".1 might take sbelter .'“!‘.','!':"“ i s tent of one million a88 * of dollars in a revenue of W# teen or fourteen millions Th# ® broad fact staring them in the #§® next point seemed to u-dfi: floating debt stared us in the 1804 _ Hon. Mr. HOLTON would aot sttemgt enter into a full discussion of tht ( to which they bhad jast lenth A* not been exaggerated. They bad msde t allowance whatever for the increase in (# sumption of stimulants on account of publis works being built. The revnue from al these sources was $14565,000, against sb «xpenditure of $14,319.000, le»viog a swall but he believed a‘certwin belance 04 the right side, to the amount of $246 14 The amouuts which he had given must it kept within the limits of the years «xp® diture ; and be believed that at the end 0: the year they would be able {M a email balance on the right side of the account. The House would perceive that there wassd i ® in the estimates for the Intercolonia) Rallvsy Binking Fund of $336,000. This w8 bt thought should be charged l‘l‘lfl" revenue. He spoke in round z' being sure whether it would be the amount named. Mr, Rose was fi expluin other items, when the low, be said the gu’ had more considesi#! for him than be hed bimself } he would now conclude by saying thet already gone over the ground W# *# proposed to bimself to how e M# cial state of the country /»r m’s and to present a reasonale He income and expenses for the =. resumed his seat emid lovd and yA tinued cheering, baving upoh“ hours. In reply to Mr. DUFRESNE, â€" Hon. Mr. ROSE offered some explanstiont concerning the bonds. o2 02. ficit of $4,500,000. â€" +650 §° agof rsented by $1,500,000 in the hendt 0 ontreal Bank, and $2,000,000 i8 49# Hon. Mr. ROSEâ€"OL course ; and is amâ€" giderably _ less than the _ avenge In 1868, he might mention, the tion was $3,836,000. Then ur'n the consumption last year was twenlJ40t@® millions of pounds, and next yest e consumption was estimated at iweilp eight millions. The estimate for the@ was only $515,000, which was within the uak. From pâ€"trolenm the estimnte lat yeat 6 only $99,435; this year $120,000. T three items in all amounted to $3,30000. From ‘other sources such as post office, publit works, &c., $2,655,000. He thought the hout would agree with him that this estimate beéd year ; and if the revemue of the last three months continued in the same during the whole year, the ilem be very much in excess of five ‘per cent. The storms of last winter, and the floodrof this spring, had delayed a great deal of in portation to Ontario and Quebec ; and, betites this, he was afraid merchants were comuit ting the same mistake made a few ) cars ago= each man calculating upon his neighbow importing less, and that he gould gein some thing ‘by importing more. â€" He was afuil many merchants were now importing man than the country required, which tiough it ~would swell the revenue, it would s be for the intererts of the comy. Is making these estimates they had beur then the full reâ€"ports of Mr. Brunel at t Wotk ington, and other officers, who bi wlaie ted the average conâ€"umption rh the last three yeare, adding a fraction for the Lower Provinces, and bat «#imatel the consumption of spirits for 180910 # $3,700,000. Mr. McKENZIEâ€"That is excluire of imports. not desire Hon. Mr. HOLTON asked it the among; for subsi¢ies would b: ask d for in one vole, or whether there would b« a se parstâ€" volp $y au additional subsidy to Nova Scodat *Cawuue 10 be Ccatriâ€" same good fe«ling that ha ized them, and if so be | arrive at a conclusion th. the Dominion and thâ€" P.« ture for the year was esfi-.ugmm"‘ He hadtaken m liberal vote for gp. eR to the _ several Provinces, # mated _ these eubsidies af ..r Therse had been negotiationg R with Ontario and Quebec as h'h?.. cess of debt should beâ€"whethe .i.' ten or rleven millions. Ther fore h: in it wisg to take & vote in order that h be prepared for the settlemâ€"~nt of the Sigh cither way. He would not now .“N the discussion as to what u.c..,...: be, but he hoped negotintiup« woul continue to be Cutriei an" Cad M t u-rri_t'n y the P Lo id mccomao e PW The Hon. Misister Of to stand outâ€"tht 9# “_i-x-oh_.y,. be 1 se was procesdif® "wow uin _ how t buat l ale .‘::5 2 0 TReeg Sumw uU ths had been below the ts previous ; so that Iculate upon the mme as was received lun ue of the last three the same r,thil!flm | ! _ MA yen @9 required 9# ‘ot cuproqhater ty ie nere and wigking 444 Hans= i h."' m'& éu':'”&‘&" in all t tTe * ‘ ‘ Bfof hed to a vey Miniaes +. P°Btrdy ti-m..“ _“ l would Satich boy This was ibt 1¢¥ed they wogy lin.rrfl‘ bo “'*‘ ut $759 NC £T088 €xpeng :!Iy;.. ic 1 l | it EStimay DINKIN, and othors, The House went into « and Mean«, Mr. WALSH i On the motion of the H. comu ittes rose and. repoi asked leave to sit again on TUE INISE CHURCHE Es Coxcmer or Sacearo concert of sarred music to Profâ€"ssor Smith, orge takes place in the cat Professor Smith pregidit programme is publishe column, and> musictans an admirable selection. tiemen whose names ap as amon_st the best voc the ciaims of Mr. Smith the «community on this sally admitted, and we t be Las onall occasions hldt.lucueugndlu of Baring & Gliynn, the i prid in the month of A; charge of miscalculation i minister could tell what «; or might no: be indulged i lations had been m# In â€" Great | Britain > . differen:;,. Trade was mor‘ was Impossible to say wi many goods would be imp year. â€" In Croat Britain out of £70,000 006,â€" the amous only £20,800,000, and the us income tex and legacy < be calculated to a nicety. rest under the reputation which he trusted wou‘d nc ous as some hed anticipat« Hon Mr. HOLTON ren gument used. by the hon. | did not tally very well~w made by the Minister of A ration bels with Mr.â€" Bri H.) took the gross reven at ~£70,000,000, ten p« wes aâ€"ven ipiliions, and ti would show the defwcien here to be a mililion an calcu‘stion which certain much credit on the hon.:] Hon. Mr. EOSE replied. Hon.: Mr. HOLTON said ot a million ‘and aâ€"half 0 ame proportion to the r that seven millions sterling rvenue of England, ‘_ Sir GEORGE E. CART!I Houre, in Freach, in explan ment of the bon. Minister « Hon. Mr. HOLTON take an carly opportu 1 ader of the Government, to cousicer the House respectfclly addr to €Kpross ite > cation «t the measure Imperial Parliament for of the chif griévances diseâ€"t blishmâ€"nt of the decply inftorest»d joa this merely fomâ€"»entimental Lish prievances, though very indisectly menaced country ; and there was population who fâ€")t a the issus of this qu« Imp_rial Parliament. He it woul4 ve beâ€"oming i press an upinion is 4 s«bhould take occasion to for consideration. In r-ply"o the Hon,. 1 MHon. Mr. ‘TILLE* exple that had bâ€"en taken to agc of the trade between the P and Queber, and those of N Nova Scotia. NMr. McKEXZIE remint last year he hed warned the that the imporiations wou! both in qbality and value. arsured by the hon. gentle such would not be the cas« Kenri~) had made» the asser rece:ve | trom some of the pr men of the country, an now whown that his correct. He: _ continue the figures of the F and argucd that the fina counuy was to go on from to the n«tional debt, ingws reduce it. He theo r ferr recouping the Interc=loni Hon. Mr. ROSE â€"«aid the figures â€" how * : thst be doue. There w«as in agents a sum of $2,800,00 surely Bbe would admit avail«ble, _ Then there orn Acbt, the saviogs i bowds« be had formerly total of $10,854 000 agai amount of the rail «ay loat After some remarke fro and Ros», Mr. McKEXZIE that tor various r.A&«ou8 # was not sute to calculat prospâ€"rty of the peopleb« seviral yâ€"urs, as to eqaabl increased burth=ns of ta he would take the 0 :?- re fully into the di Mr. FERGUSSON was u som» of the statâ€"ments « Lambton, as to the proj! und the incrâ€"ase in the va perty. Mr. YOUNG complain« underst«nding the siater expead:ture, because of 1 items of ordiuary end e and of outlay. He then 1 Minister of Finance had the appropriations of last had a deliâ€"it of €$673,000, plus promised laâ€"t year dAollars, He continued % peints in the Fiuance Mi Fonus or Coxmusrion.â€" his lecture on the forms evening before a large Sr. Aronew‘s Cavecn â€" next Divineo Service wil Andrew‘s Church «(Chure s ven o«lock, an4 will & daring the summer mon! pi#t six as hitherto. _ Use the New Dominion every where, J Poucs Cou«t.â€"The ad greenback, was sent Tor ujut, _ _ "* e :'q ht barlr o7 w uent bursts apy deserves great credit, in 1 ing prepared this leâ€"tore place for having deliver 4 charity as the Protes We reyret being unable 4 but the less so as we ex of its merits on the oec livery . Carrers axp Hooss Fo Mutchmor & Co. make speâ€"ialit» ; they have jor and complete stack of car Yaettss requiring n cloths, or other house | makers in Britiin. Car s#ompetent upholsterers Use the New Domi everywhere. â€" curiain materials, &¢., the attention of parties f well to inspect Magee & stock bâ€"fore purchasin receutly received large ad Gartuexts can get su to order »t Magee & Rus Wextof England Broadc '--«ncuuq.,sm: minion Tweeds. &c. Aitr soime remarks The House adjourned Catherine Whelan, dro T. & W. Hus in the trades â€" _