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WY eAnsesisy Feak. 28%r4 f Sale--of--Liquor Profi ale--of--Liquor Profit I o Run Into Milli o un Into Vlillions, Esti Dr. Monteith stimates )r. Monteit Revenue Accruing to Government of $3,500,000 W ithin Y ear Is Predicted by Treasurer in Budget Speech-- Deficit in Province's Aflairs Last Y ear, He Says, j But Forecasts Balanced Budget After Paying Off * T hree Million Dollars of Debt--Amusement Impost Partially Abolished NO NEW TAXES WILL BE LEVIED AND DEBT REDUCTION 1S PLANNED In his first Budget address to the Ontario Legislature, Hon. Dr. Joseph D. Monteith, Provincial Treasurer, yesterday announced the Province's deficit for the fiscal year ending Oct. 31, 1926, as $812,140 ; forecast for 1927 a balanced Budget, after paying off $3,000,000 of the Province's F _ m debt, and predicted that revenue amount-- E. % ing to $3,500,000 would accrue to the Treas-- i. _ _fi ury during the present year from the se z& #2 operation of stores under the liquor--control ', \ _ J legislation the Government will bring down . to the House. 3;';;1'_;_;],"}'.4_?}' This Budget contained nothing of a L B _ startling nature. The 1926 deficit is found mCt to have increased, after revision of figures, from $389,000, as pre--sessionally an-- . _ e nounced. This was not unexpected, nor was y es the prophecy of a balanced Budget for 1927. HON. DR. MONTEITH. The intimation on liquor revenue for the present year, however, provided considerable food for thought, in view of the fact that the Control Bill may not become effective until May 1, at the earliest, with May 15 as a more likely date. ' TAX REDUCTION ERA. v Although there were no new tax reductions additional to those & ;a.ssured by the Government during the course of the election campaign --the $5 cut on automobile markers, which means a loss in revenue of $1,8$00,000; and the abolition of the amusement tax on theatre tickets » up to and including 25--cent admissions, another logss in revenue of $600,000--Dr. Monteith suggested further hope for the future by de-- fining the era into which Ontario is now entering as one of "taxation 'reduction." § No new tax levies were announced.