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_ "An honorable member has been inquiring as to the amount of Treasury bills which we have out-- standing. and he and other mem-- bers will be interested to know that 'the amount of Treasury bills, which 'will be a liability of this Province _ _ "During the year we did, at cer-- {tain times, resort to borrowing on 'Treasury bills, principally for the \purpose of retiring other Treasury bills, some of which could have 'been taken up at the time, but, in 'order to keep the Province in a strong cash position, they were re-- newed, generally at reduced in-- terest rates. "Treasury bills outstand-- ing at March 31. 1936, amounted to .. $ 50,000,0004 Add Treasury bills sold during the fiscal year 57,5300,000 Main Office and Branches Hospitals Branch ........ 6--Highways : MI"! 0'"" w e e 6 w# 8 8# 8# # Gasoline Tax Branch .... Motor Vehicles Branch .. .:"ln'unnce S ooo atr s'Labol' w w w e e n e m e e w en# 6 6 6 6 8 66 6 % 9--Lands and Forests: u"'. Bn"Ch w w# a 8 8 4 8# # a Forests Branch .......... !9"!5"!'."0" w e ne h44 6 44 6 446 a e e 11-- 13--Northern Development : M.'n om" ..'..0...'l.....l..lll...'.l. Settlers' Loans Commission .............. "-Pflm M'n'.'.r .CC.......l..'...tl..'......l. 15--Provincial Secretary : i Main Office and Re#'l_:trar-(iencral s E'ch Reformatories and sons Branch....... 12-.\&561}1?'.'1' Affairs: | Main Office ... Housing Branch __ Administration thereof Intertm Surplus .............. Borrowing "I shall now discuss for a few moments a second source of rev-- enue, namely, the receipts from borrowing; and, as borrowing im-- plies repayment with interest, 1. shall later on in my address devote | some attention to the matter of in-- | terest palid during this fAscal yonl'.X First I deal with the borrowing on Treasury notes. ' 16--Provincial Treasurer: Main Office--Subsidy ....... fnterekt. ....... 4¥ $ Miscellaneous . as at March 31, 1937, will show a reduction of $12,000,000 for the vyear, and that the rates of interest The amount of Treas-- ury bills outstanding as at March 31, 1937%. Deduct Treasury bills redeemed during the w'll be a a e 0 e a 0 #.% a # # ® swfim|w.) "I am sure that all members ot' this House will be pleased to ob-- : serve that we have reduced our Treasury bill debt by the sum of «--Attorney--General .. 3--Education --......... 4--Game and Fisheries 5--Health : TINTERIM STATEMENT OF GROSS ORDINARY BREVENUE, Filscal Year April 1, 1936----March 31, 1927, 10 Months Actual--2% Months § Forecast--1% Months. --Agriculture E-----thormy--cq Public Debt--Interest . Controller of Revenue-- Succession Duty .. Corporations Tax . Income Tax ....... Stock 'Transfer Tax Land Transter Tax RAIBCEENCOUS a a 0 a 6 6 6 4 ## ## # l_:'Q'!OI'A_l'ont_l'.L' OOE «cracrrearertartirrs Ordinary Revenue .................. om'mw amltuu a e a s a 8 a e a% 6 # 8 Excess of Revenue over Expenditure w w w w w w w ww m h m m h e h ae ae n e h en a 44 646 bu t# w w a w e m a h# h e n e 6 6 6 w6 n m m e 6 % 6 46# % * # # the amount of _ Outstanding as at March 3itst, 1937. .. w w w w ie m a m ib e n n en h e a n 4 a 46 #% ## w w o e en n en n ha n aa n a 68 4 6 4# % a w w# ue ba #a % a 4 0 a 08 a e h8# % # 6# # w a a e 0 h a a 0e a 4 % a 66 a 6 % 6 6 6 % #% 8 a aa 0 a4 e a 00 e 60 a 8 a 6 6 6# % # m a w e h e a h e 64 a 8 0 a 6e # 6 8# # # $107,500,000 69 500,008) a w e a a 0 4 # 6 6 66 6 a # 6 6# # % a e e e 0 6 a me a 4 8 n e h4 a t e a 4 # 8 8 ® w e n e a e 0 a a 8 6 a 6 6 # 6# # % v w8 0 aa 0 ae e a 8 a 0 o 6 6 6 6 6 6 a% a m e a 0 0 66 % a 6 6 a 6 8# # % SUMM AR Y . lon these bills are less than half of |the rates which were effective in regard to the $47,500,000 of Treasury {bills which were left outstanding by the Henry Government on July 11, 1934. "In (the printed copy of this <Budget Address there will be \shown a detailed statement of the \outstanding Treasury bills, all of | which, by the way, are held by \chartered banks of' the Dominion 'of Canada, and all payable only in rlawful money of Canada. Less--Redemptions : As ut March 3ist; 1906 »ssriixerirnri1ss1. ADD--Sale of Treasury Bills: RTA, 2 %, Due Sept. 1. 1936. RTB. 1%%, Due Feb. 28, 1937. RTC. 1%%, Due Mar. 1?7, 1937 RTD, 1%%, Due June 1, 1937. RTE, 1%%, Due Aug. 15, 1937. RTE. 1%%, Due Feb. 15, 1938. RTF. 1%%, Due Aug. 28. 1937 RTG. 1%%. Due Sept. 12, 1937 Detail Summary of Estimated Changes in Treasory Bilis for the Year Ending March 31, 193%. $ _ 45,000.00 1,274,000.00 270,000.00 15,750,000.00 10,250,000.00 2,0941,424.28 712,816.35 6,232.672 10,000,000.00 15,500,000.00 9,100,000.00 2,500,000.00 1,300,000.00 225,000.00 360,000.00 25,066.29 1,800,000.00 90,000.00 22.15 261 ,790. 44 6872,000.00 2,.738,000.00 627 ,249.63 665,594. 28 12. 168. 35 1090.149.27 15,580.59 14,951.81 $ 71347,17M91.173 $02,221,800.51 12,374,079. T2 $19,847,720.13 12,500,000.00 Junre 1. 19%. DY Sept. 1, 1936, RTA, Sept. 12, 1936, DN, Nov. 15, 1936, DW , Dec. 1, 1936, DV, Mec.. 1, 1936, DP, Dec. 1, 1936, DX, Jan. 31, 1937, DR, Feb. 15, 1937, DR. Feb. 2%, 1937, RTB, Feb. 25, 1937, RTD, Feb. 28. 1937, RTD, 1(0 Total, Redemptions . Total New Issues ... Net Reduction . $ -- 320,000.00 1,150,000.00 120,000.00 460,000.00 $92,221,809.51 26,270,000.00 235,000.00 121,000.00 81.670,988.98 10,550,820.53 44,272,352.173 90, 500. 00 60,050.00 1,319,000.00 3,420,000.00 13,718.56 2,050,000.00 1,292,843.91 121,317.52 | 30,532.40 2M4,673.86 PROVINCE OF ONTARIO. = /4 C Iic 24 %o 1%}%.00'......!. l?'%co-lo'..o.-o 1%%. 11;%. 4& Oe a o e a 8 e e e e e s "'%onoloocna.o- a o a e e 6 0 6 0 0 6 66 8 8 e /0 a a e a a 4 0 a e e a e a a 0 0 6 0 0 00 0 8 0 e e e e e n e e e e en e a o 6 0 66 69 a a% 8# e a o o 0# 8 o e 6 # e a o o 0 0 6 6 8 s a e a o o 0 6 0 6 0 6 a e a o 0 0 0 o a 6 6 a s a e o e 0 e # 0 4 6e 0 6 6 o % 0 6 6 e a a #a o# 8# % s :".m,m,m «+ + + ++ + _ 5,000,000.00 *» s *« » + _ 10,000,000.00 a # 0 t o e e 14.5@",") AAALII 4.m,m,w ++ + ++ .+ _ 4,000,000.00 +++*«>s . : $,000,000.00 x+ «+ +« + 10,000,000.00 $50, 000, 000. 00 $ 1.000,000.00 5,000.000.00 10,000,000. 00 2,000.000.00 2,500,000.00 7,000,000.00 5,000,000.00 10,000,000.00 10,000,000.00 5,000.000.00 1,000,000.00 1,000,000.00 10,000,000.00 $69,500,000.00 57,500,000.00 12,000,000.00 +++++ $38,000,000.00 | omm anmremememme esmm dll $107,500,000.00 57, 300,000.00