March 18, 1902 (9th Parliament, 2nd Session)

That is correct. We have this year very special charges to swell the capital account. Our railway subsidies will be considerable, as they were last year. The House is aware that railway operations have been going on throughout the Dominion pretty largely. We shall have to pay for bounties this year,

chargeable for the first time to capital account, about $700,000. There are large sums chargeable to capital for the equipment of the Intercolonial Railway with rolling stock and with new rails. There are large sums for transportation in the Public Works Department. There is a very considerable sum amounting to $950,000, representing the awards to two provinces on certain questions which were dealt with last session. For these and other expenditures we shall have, as I have already stated, a total of about $14,000,000 on capital account; and the result will be that we shall be obliged to make this year a larger addition to our public debt than we have done in any previous year in the history of this government.