June 7, 1904

CON

Thomas Simpson Sproule

Conservative (1867-1942)

Mr. SPROULE.

That was by a special vote ?

Topic:   WAYS AND MEANS-THE BUDGET.
Subtopic:   DETAILS OF REVENUE.
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LIB

William Stevens Fielding (Minister of Finance and Receiver General)

Liberal

Mr. FIELDING.

The special vote simply dealt with these accumulations.

Topic:   WAYS AND MEANS-THE BUDGET.
Subtopic:   DETAILS OF REVENUE.
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CON

Thomas Simpson Sproule

Conservative (1867-1942)

Mr. SPROULE.

That special vote provided for that deficit.

Topic:   WAYS AND MEANS-THE BUDGET.
Subtopic:   DETAILS OF REVENUE.
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LIB

William Stevens Fielding (Minister of Finance and Receiver General)

Liberal

Mr. FIELDING.

No, my hon. friend (Mr. Sproule) is wrong ; the special vote simply wiped out the accumulations of deficits which had accumulated in previous years. The accounts of the Post Office Department showed from year to year certain deficits, and these are the figures that I have quoted; but over and above that there were found these accumulations of arrearages, debts due by the post office which had not been dealt with, and my hon. friend the Postmaster General took a special vote to wipe these out and start afresh.

Topic:   WAYS AND MEANS-THE BUDGET.
Subtopic:   DETAILS OF REVENUE.
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CON

Thomas Simpson Sproule

Conservative (1867-1942)

Mr. SPROULE.

That is what I say.

Topic:   WAYS AND MEANS-THE BUDGET.
Subtopic:   DETAILS OF REVENUE.
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LIB

William Stevens Fielding (Minister of Finance and Receiver General)

Liberal

Mr. FIELDING.

That special vote was for the payment of past deficits and it had nothing whatever to do with the later deficit to which I refer.

Topic:   WAYS AND MEANS-THE BUDGET.
Subtopic:   DETAILS OF REVENUE.
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CON

Thomas Simpson Sproule

Conservative (1867-1942)

Mr. SPROULE.

That special vote provided for the deficit up to that date.

Topic:   WAYS AND MEANS-THE BUDGET.
Subtopic:   DETAILS OF REVENUE.
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LIB

William Stevens Fielding (Minister of Finance and Receiver General)

Liberal

Mr. FIELDING.

Topic:   WAYS AND MEANS-THE BUDGET.
Subtopic:   DETAILS OF REVENUE.
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LIB

William Stevens Fielding (Minister of Finance and Receiver General)

Liberal

Mr. FIELDING.

It was not the deficit that I am speaking of, but the deficits prior to 1896, the deficits that my hon. friend the Postmaster General had nothing to do with except to provide for them and wipe them out.

Topic:   WAYS AND MEANS-THE BUDGET.
Subtopic:   DETAILS OF REVENUE.
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CON

Thomas Simpson Sproule

Conservative (1867-1942)

Mr. SPROULE.

I say that is what he did.

Topic:   WAYS AND MEANS-THE BUDGET.
Subtopic:   DETAILS OF REVENUE.
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LIB

William Stevens Fielding (Minister of Finance and Receiver General)

Liberal

Mr. FIELDING.

The following statement will show the operations of the Post Office Department for several years :

Topic:   WAYS AND MEANS-THE BUDGET.
Subtopic:   DETAILS OF REVENUE.
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POST OFFICE.


Year. Revenue. Expendi- ture. Deficit. Surplus.$ $ 9 $1896 ... 2,964,014 3,665,011 700,997 1897... 3,202,938 3.789,478 586,539 1S98.... 3,527,809 3,575,411 47,602 1899.... 3,193,777 3,603,799 410,021 1900.... 3,205,535 3,758,014 552,479 1901.... 3,441,504 3.931,446 489,941 1902. .. 3,918,415 4.023,636 105,221 1903.... 4,397,832 4,105,178 292,654 In 1899 there was a deficit of $410,021 that was the year when the reduction of postage took place. As my hon. friend the Postmaster General has pointed out, if you compare service with service and omit the items for the Yukon and Atlin districts, there was in the year 1902 an actual surplus ; but I am taking the figures as they appear in the public accounts, and the total expenditure, including the Atlin and Yukon showed a deficit in 1902 of $105,221. In 1903, not taking into-account service for service ; making no comparisons as respects the degree or service rendered at one time or another-though we know that these comparisons show very favourably to the present Postmaster General-but simply taking the results as we find them in the public accounts ; in the year 1903, instead of having a deficit of $700,000 as we had in 1896 with the three cent rate ; in 1903 we have a two cent rate (involving as Sir Charles Tupper said a gift of $1,000,000 to the people) and besides that we have a clear surplus in the Post Office Department of $292,000. It will be found convenient for comparison to have a statement side by side for the two years as to all classes of expenditure, and therefore I present the following statement.4337


EXPENDITURE OF 1902-3 COMPARED WITH 1901-2.


Service. Consolidated fund Capital. Railways Canals Public Works Dominion Lands Militia Canadian Pacific Railway Total, capital Special. Railway subsidies South African contingents and Halifax garrison. "Bounties on iron and steel, lead, &c Total, special Total, capital and special Total expenditure of all kinds.. 1901-2. 1902-3. Increase. Decrease.$ Cts. $ cts. $ cts. $ cts.50,759,391 97 51,691,902 76 932,510 79 5,102,838 99 3,083,680 86 2,019,158 132,114,689 88 1,823,273 Cl 291,416 272,190,125 09 1,268,004 51 922,120 58370,837 97 449,542 20 78,704 23 299,697 43 428,223 40 128,525 97 448 70 448 7010,078,638 06 7,052,724 58 3,025,913 482,093,939 00 1,463,222 34 630,716 66247,741 45 130,469 53 117,271 92791,089 38 1,408,252 60 617,163 22 3,132,769 S3 3,001,944 47 130,825 3613,211,407 89 10,054,669 05 3,156,738 8463,970,799 86 61,746,571 81 2,224,228 05 In the year 1902, our expenditures of all kinds amounted to $63,970,799, and in the year 1903 our expenditures of all kinds were $61,746,371. The House may be surprised to learn that at a time when we might naturally look for an increase of expenditure, the gross expenditure for all kinds for the year 1903 was less by $2,224,228, than it was in the preceding year. With regard to the fiscal year which will end on the 30th of June next, the year has so far advanced now that we are in a position to make a fairly close estimate as to what the actual outcome will be.


CON

Robert Laird Borden (Leader of the Official Opposition)

Conservative (1867-1942)

Mr. R. L. BORDEN.

May I ask whether the statement is correct that you credit the income from Dominion lands to revenue and charge the expenditure to capital ?

Topic:   WAYS AND MEANS-THE BUDGET.
Subtopic:   EXPENDITURE OF 1902-3 COMPARED WITH 1901-2.
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LIB

William Stevens Fielding (Minister of Finance and Receiver General)

Liberal

Mr. FIELDING.

There is no change in the method of dealing with that item. I am not sure but perhaps there is some room to debate as to whether those two items are dealt with properly, but however that may be, they" have never materially altered the

situation and no change whatever has been made by us in the method of dealing with them.

Topic:   WAYS AND MEANS-THE BUDGET.
Subtopic:   EXPENDITURE OF 1902-3 COMPARED WITH 1901-2.
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CON

Robert Laird Borden (Leader of the Official Opposition)

Conservative (1867-1942)

Mr. R. L. BORDEN.

That is the fact ?

Topic:   WAYS AND MEANS-THE BUDGET.
Subtopic:   EXPENDITURE OF 1902-3 COMPARED WITH 1901-2.
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LIB

William Stevens Fielding (Minister of Finance and Receiver General)

Liberal

Mr. FIELDING.

Well, certain portions of the expenditure in connection with Dominion lands arising out of the opening up of the Northwest and the development of the country are charged to capital account. That practice has been continued, although the receipts from the Dominion lands go into the general fund. There is possibly room for fair criticism as to the method employed in former years and at the present time :n respect to that account, but it does not materially alter the general result which I am presenting.

I am glad to find that the revenue for the current year, of which the greater part has now expired, has continued very buoyant. The following table will show the revenue for the eleven months of this current year as compared with the eleven months of last year.

Statement of Revenue to Mat 31, 1904, Compared with Revenue to Same Date, 1903.

- 1902-3. 1903-4. Increase. Decrease.$ cts. $ cts. 8 cts. $ cts.Customs 33,062,156 75 36,807,063 74 3,744,906 99 Excise.. 10,945,061 82 11,915,964 77 970,902 95 Post Office 3,833,269 28 4,167,398 20 334,128 92 Railways 6,009,990 67 6.030,787 26 20,796 59 3,874,904 88 3,796,903 42 78,001 46

Total 57,725,383 40 62,718,117 39 5,070,735 45 78,001 46

78,001 46

Net increase 4,992,733 99

It will be noticed that there has been a gratifying increase in customs, excise, and post office ; while there is a small decrease in miscellaneous revenues. There is on the whole a net increase of $4,992,733.99 in the general revenues up to date. There is a small increase of something over $20,000,000 from railways, but I am afraid when the time comes to present the statement of expenditure, it will be found that the showing is not so favourable, because the severity of the winter made all railway operation expensive, and in connection with the Intercolonial Railway there has been a very large increase of pay to the working men all over the line which will of course affect the statement for the current year. While the railway revenue shows some increase there will not be as gratifying a statement as we might desire bn for the operation of the year. Our total revenue up to the 31st of May is as follows :

Revenue.

Total revenue received to 31st May, 1904 $62,718,117 39

Estimate for balance of year.. .. 8,311,685 53

Or, say in round numbers.. ..$71,000,000 00

In reaching this estimate of $71,000,000, I am taking the receipts to date and for the balance of the year I am not allowing for any increase. There has been perhaps some little check in business owing to the causes I have mentioned, and I am not going to assume that for the balance of the year we will have an increase of revenue, although I am hopeful we may. I am assuming we will hold our own, and therefore on the basis of the receipts to May 31. and the continuance of the revenue for the remainder of the year to correspond with that for the Mr. FIELDING.

same period of last year, I estimate that we shall have a revenue of $71,000,000. The total expenditure chargeable to consolidated fund to May 31, 1904, was $41,623,560.67. My estimate for the balance of the year is that in closing up the accounts we shall probably expend about as much as we did a year ago, namely, $12,731,931.12. This will bring the total expenditure chargeable to consolidated fund to $54,355,491.79 ; or say in round numbers $54,500,000.

I anticipate, then, that for the current year we shall have a revenue of $71,000,000 and an expenditure chargeable to consolidated fund of $54,500,000, leaving us the magnificent surplus of $16,500,000.

On capital account I estimate that we shall spend during the current year $11,-

500,000. If, then, we take into account the expenditure on consolidated fund, the expenditure on capital account, the surplus, the sums which we shall set aside as sinking funds, and which merely pass from one hand to the other and go to swell our assets, the result will be, I anticipate, that at the close of the current year we shall have reduced the net debt of Canada to the extent of $7,500,000.

It has been my happy privilege to present from time to time statements of prosperous years in which we have had many surpluses ; and I have thought that it would be well to summarize the surplus account during the eight years that this government has administered the public affairs of the country. In the year 1896-7, the first year that this government was in power-a year during which we had not full control of affairs, because we had taken largely the estimates of our predecessors-there was a deficit of $519,981.44. That was the last deficit, the end of deficits so far as we had anything to do with them. We find, then, the statement for the eight years to be as follows :

Surpluses for the Eight Years, 1896-7 to

Topic:   WAYS AND MEANS-THE BUDGET.
Subtopic:   EXPENDITURE OF 1902-3 COMPARED WITH 1901-2.
Permalink

STATEMENT OF NET DEBT.

June 7, 1904