June 7, 1904 (9th Parliament, 4th Session)

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Excise ... .

character in the postage to Great Britain. Notwithstanding all that, we find that at a time when we might reasonably look for a deficit, at a time when, if my hon. friend the Postmaster General had come before parliament and admitted that he had a deficit of a large amount he would still have had a splendid record in comparison with the record of his predecessors, but we have a different condition from that, and my hon. friend the Postmaster General is in a position to point out that while granting these reductions, he is able to have a larger revenue than ever before, and not only a larger revenue, but to wipe out his deficits and to convert them into surpluses. The deficit in the year 1896, as stated in the public accounts, was $700,997. There was an inquiry afterwards by a commissioner which resulted in some re-adjustment of the accounts, and I think that in the post office accounts, the figures differed a little from the figures in the accounts of the Finance Department, but, figuring one year with another, the statement will be found to be correct, and so I take the figures which are found in the accounts in the Finance Department. In 1S96, as I have said, there was a deficit of $700,997. There were also accumulations of deficits not provided for which had to be dealt with by a special vote, and which are not referred to here. In 1897, the deficit was reduced from $700,997 to $586,539.

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