Hon. W. C. KENNEDY (Minister of Railways and Canals):
The amount required for payment of bank advances,
outstanding vouchers, and insurance premiums, payable as at the 31st December, 1921, was $3,000,000. The estimated amount required to meet deficit in operations, on the basis of operating thirty-seven vessels for the year ending 31st December, 1922, is $1,000,000, and to carry on to the end of the fiscal year ending March 31st, 1923, there is an additional estimate for the three months of $250,000, making a total of $1,250,000. The amount required for capital expenditure on the vessels is $110,720, making a total in all, as outlined in the estimates, of $4,360,720.
Topic: TRADE AND COMMERCE