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March 18, 1902

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The MINISTER OF FINANCE.

Notwithstanding the surpluses. On that point I am going to endeavour to satisfy my hon. friend that we have a most admirable record; and if, by and by, in the dim and distant future, he is to stand in my place, and shall be as lucky as I am, and I should be on the other side of the House, I will congratulate him from the bottom of my heart.

Topic:   WAYS AND MEANS-THE BUDGET.
Subtopic:   THE PUBLIC DEBT.
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CON

David Tisdale

Conservative (1867-1942)
Member File Biography @ PARLINFO

Hon. Mr. TISDALE.

A gross expenditure of $65,250,000 ? .

Topic:   WAYS AND MEANS-THE BUDGET.
Subtopic:   THE PUBLIC DEBT.
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?

The MINISTER OF FINANCE.

About that. The amount which I anticipate we shall have to add to the debt of the Dominion for the current year will be close upon $6,000,000. This will be, as I have stated, the largest addition to the public debt under the present administration, and will be almost in line with, though a shade above, the addition made to the public debt in the last year of the late government, when the addition was $5,422,000. You see it has taken us five years to catch up to them in that one matter. Rut even with this large increase to the public debt for the current year, we shall still be able to present a very gratifying statement, as to the average annual increase to the public debt-and hon. gentlemen opposite are much fonder of averages than we are.

Topic:   WAYS AND MEANS-THE BUDGET.
Subtopic:   THE PUBLIC DEBT.
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CON

Uriah Wilson

Conservative (1867-1942)
Member File Biography @ PARLINFO

Mr. WILSON.

Will you average the income ?

Topic:   WAYS AND MEANS-THE BUDGET.
Subtopic:   THE PUBLIC DEBT.
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The MINISTER OF FINANCE.

stated the amount of the temporary loan. Perhaps it would be convenient if I were to state also the amount of the loans which are likely to mature in a short time. For

the sake of convenience I have made a statement-which, of course, can be obtained from the Public Accounts in more detail-of the loans maturing within the next three years :

Topic:   WAYS AND MEANS-THE BUDGET.
Subtopic:   THE PUBLIC DEBT.
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LOANS IN LONDON FALLING DUB BETWEEN 1902 AND 1906.

Date of Maturity. Name of Loan. Amount in £ Equivalent in Currency. Year.Oct. 1,1903.... „ 1,1903.... Apl. 1, 1904 . . May 1, 1904 it 1,1905.... Nov. 1,1906.... I C. R. Guaranteed 4 per cent Loan I C. R. Unguaranteed 5 per cent Loan ,.. £ 1.500.000 500.000 300.000 4.000. 000 1.000. 000 2.500.000 $ 7.300.000 2,433,333 1.460.000 19.466.666 4.866,660 12.166.666 1903 1903 1904 1904 1905 1906Rupert's Land Guaranteed 4 i>er cent . .. Loan of 1874, 4 percent . Loan of 1875, 4 per cent Loan of 1876, 4 per cent There will then be no maturing loan until April, 1908.

RECAPITULATION.

1903 1904 1905 1906 Total £ 2,000,000 4.300.000 1,000,000 2.500.000 9.800.000 [DOT]? 0,733,333 20.926.666 4,866,666 12.166.666 47,693,333 There is also a loan of $2,852,000, falling due in Canada, 1st November, 1903, now bearing 4 per cent. In the Budget last year I presented iu some detail-possibly with tedious detail-some statistics showing the wonderful growth of the trade of Canada. , I do not intend to go into that so fully to-day, but simply to remind the House that gratifying as was the report for 1900 we are able to show in the year following an advance beyond the figures of that date, which is an evidence that Canada is indeed prosperous. I propose to give a very few figures, making a comparison between the business of 1901 and that of 1900 :

COMPARATIVE STATISTICS, 1900 AND 1901.

Imports for Consumption-Dutiable. 1901

Increase

Imports for Consumption-Free. 1901

Total Imports for Consumption, including coin and bullion. 1901 Increase

$ 433,672 Total Imports. 1900 1901

Increase $ 793,012 1901 Total Exports. $191,894,723 _ 196,487,632 Increase

Total Exports-Produce of Canada. 1901

Increase $ 6,789,017 Total Trade. 1900 $381,517,236 1901 386,903,157 Increase $ 3,570,855
LIB

William Stevens Fielding (Minister of Finance and Receiver General)

Liberal
Member File Biography @ PARLINFO

Hon. Mr. FIELDING.

Increase

Deposits by the people in the Chartered Banks.

1900 $277,256,716

1901 315,775,429

Increase $ 38,518,713

Deposits in the Savings Banks (including Post Office and Government Savings Bank ; the City and District Savings Bank and the Caisse d'Economie de Notre Dame de Qufi-bec).

. 1900 $70,575,193

1901 75,174,053

Note Circulation (including Dominion notes and notes ol Chartered Banks).

1900 $71,672,310

1901 76,790,931

Increase $ 5,118,621

Railway Traffic-Tons carried.

1900 35,946,183

1901 36,999,371

Increase 1,053,188

Increase $ 4,598,860

Discounts-Chartered Banks.

1900 $316,634,620

1901 318,240,549

Increase $ 1,605,929

These figures briefly recount the great advance indeed in 1901 over the year 1900. I have at hand a statement of the trade of the past eight months of the current year, and it is pleasing to see that that also continues favourable :

Topic:   WAYS AND MEANS-THE BUDGET.
Subtopic:   COMPARATIVE STATISTICS, 1900 AND 1901.
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EIGHT MONTHS TRADE, PRESENT YEAR IMPORTS-HOME CONSUMPTION.

March 18, 1902