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In estimating a surplus of $150,-- 87217 for the next fiscal year, let me say that we shall continue our vigorous campaign to stamp out the scourge of tuberculosis, and, as I have indicated in the earlier part of my address, sanatorium treat-- ment for tubercular patients cost the province $1,300,000 last year. It The sum of $15,200,000 has been placed in the estimates for high-- way construction and this sum represents the amount necessary to , complete projects already under-- The government believes that this expenditure is fully warranted on economic as well as humanitarian grounds. _ Tuberculosis, unfortu-- nately, strikes at the individual at a time in his life when he or she is a wage--earner, and often its rav-- ages extend to the whole family and menace an entire community, We hope and believe that the efforts of the Health Department, backed, as they are, by the finan-- clal resources of this government, will bear fruit and will eventually result in completely eradicating | this scourge from our province. We have placed in the estimates the sum of $4,762,000, which sum will be expended for the following purposes: Educational buildings ....$ 50,000 Agricultural buildings .... _ 46,500 District buildings ........ _ 46,500 Reformatories ............ 152,000 Hospiuls 10 a a a o 0 0 0 0 # 8# 6 6 # 6 a 3,9'0.(m Provincial parks .......... 5,000 H.td'eries # a a a 0 # a a e a a a # # % &'m Forestry buildings ........ 30,000 Public works # a e # 0 # 6 6# 8# # # 410'" Highways Public Worl(s will cost us not less than two Ilog dollars this year. MARCH z1 $4,762,000 50,000 46.5«) 46,500 5,000 82,000 30,000 I take this opportunity of pre«' senting to this House estimates for the coming fiscal year. We esti«, mate that the net ordinary revenue for the coming fiscal year from'* April 1, 1939, to March 31, 1940, will amount to $90,261,982.40, and the net expenditure, not including | unemployment relief, will amount " to $80,291,110.23, providing an excess. of ordinary revenue over ordinarg expenditure of $9,970,872.17. It bee ing, however, the policy of the: | government to treat the cost af unemployment direct relief as P * ] ordinary expenditure, and this bw» ing estimated to reach the sum $9,820,000, a surplus, after provié ing for all expenditures, including unemployment relief and sinking fund provisions, is forecast in the amount of $150,872.17. With the permission of the House I shall place upon the records the Budget forecast of ordinary reva= nue, ordinary expenditure, capitam receipts and capital payments {f®#. the fiscal year April 1, 1939, fe. »3March 31, 1940. You have before you a printed statement of the forecast of rev-- enue and you will observe that. some increase in revenue is ex-- pected from the Corporation Tax Act, which is being amended at this season. We are budgeting for ten million dollars and, in thig connection, it should be stated that, owing to the amendments presented this week to the House, the inci-- dence of the tax is altered from capital employed to revenue earned. Formerly the tax on capital em-- ployed was one--tenth of 1 per cent, and it is the view of the govern-- ment that to impose too large a tax on capital that should properly' be based on the revenue--earning power of a business is a mistake,. It is collecting at seed time what should be collected at harvest time, and we have therefore cut in hali the tax formerly imposed and based: on the capital employed by cor»* porations. _ The tax on the net revenue of corporations will be 2. per centum of the net corporation® income; and it is believed that, by' shifting a part of the tax. from. capital to income, the revenue will be increased and, at the same time," the tax burden resting upon induge, tries that are carrying on at a loss. will be cut in two. * taken. Beyond completing projects-- already undertaken, let me say that it is not the intention of the gov-- ernment to embark upon any new highway construction projects dur-- ing the coming fiscal year. Estimates core"* net. ie %: