The Clinton News Record, 1937-05-13, Page 3HURS., MAY 13, 1937
THE CLINTON NEWS -RECORD
PAGE
The Treasury Department,, of the
PROVINCE OF ONTARI
Announces the Results of the "Pay -As -You -Go Policy" for the
Fiscal Year, April 1, 1936 to March 31, 1937
•
Statement of Ordinary Revenue and Expenditure for the
Fiscal Year ended March 31, 1937
NET ORDINARY REVENUE
Department Amount Department
Agriculture
$ 807.65 Agriculture
Attorney -General 1,290,603.33
Education 1,803,92
Game and Fisheries 782,217.63 Game and Fisheries
Health 38,485.95 Health
Highways— Highways
(a) Signs, Pumps, Garages, etc $ 298,076.18 Insurance
(6) Gasoline Tax (less refunds) 15,761,876.97 Labour
Lands and Forests
Legislation
Lieutenant -Governor
Mines
Municipal Affairs
Northern Development
Prime Minister
Provincial Auditor
Provincial Secretary
Provincial Treasurer
Public Welfare
Public Works
Miscellaneous—Including Workmen's Compensation Board—
(Payment to Board, $47,458.15)
NET ORDINARY EXPENDITURE
Attorney -General
Education
(c) Motor Vehicles 10,916,491.08
26,976,444.23
Insurance 237,840.86
Labour 7,316,17
Lands and Forests 2,974,907.54
Legislation 6,927.07
Mines 2,110,581.32
Prime Minister 22,632.20
Provincial Secretary 680 750.23
Provincial Treasurer—(including Succession Duties Collected, $15,991,350.80) 45,344,211.91
Public Works 7,283.34
Stationery Account—(Excess of Distribution over Purchases) 5,626.60
$80,48S,439.95
Public Debt—Interest, Exchange, etc.
Unemployment Direct Relief and Administration thereof
RECAPITULATION
Ordinary Revenue and Expenditure
Ordinary Net Revenue as above..
Ordinary Net Expenditure as above (before providing for Unemployment Direct Relief)
Surplus—(before providing for Unemployment Direct Relief)
Less—Unemployment Direct Relief and Administration thereof
Surplus for the Fiscal Year ended March 31, 1937
$80,488,439.95
57,904,444.12
$22,583,995.83
13,270,057.29
$ 9,313,938.54
THE DEBT POSITION OF THE PROVINCE OF ONTARIO
As at the close of the fiscal year ended March, 31, 1937
GROSS DEBT
As at March 31, 1936
As at March 31, 1937
Reduction in Gross Debt for the Year
$689,558,513.76
656,460,348.37
$33,098,165.39
Amount
$ I,546,471.94
2,290,164.08
10.001,950.31
446,131.57
6,128,023.08
4,931,306.65
65,247.87
270,973,87
1,890,019.83
270,314.38
12,459.03
319,660.58
63,053,57
1,407,475.63
153,896.20
112,577.29
863,237.41
962,164.58
5.005,388.34
565,698.28
54,238.58
$37,360,453.77
20,543,990.35
$57,904,444.12
13,270,057.29
$71,174,501.41
DEBENTURE DEBT (LESS SINKING FUNDS) TREASURY BILLS OUTSTANDING
As at March 31, 1936 $ 594,112,954,50 As at March 31, 1936 $50,000,000.00
As at March 31,-1937 567,973,130.86 As at March 31, 1937 38,000,000.00
Reduction in Debenture Debt for the Year $ 26,139,823.64 Reduction in Treasury Bills for the Year $12,000,000.00
In pursuance of a promise made during
I take this opportunity of publishing,
together with this announcement as to
made available by ,reason of the surplus
MUNICIPAL DRAINAGE AID AND, TILE
DRAINAGE DEBENTURES
A reduction in interest on Municipal Drainage Debentures and
Tile. Drainage Debentures effective April 1, 1937, from 5, per
centum to 4 per centum.
PASSENGER MOTOR CAR LICENSE FEES
A substantial reduction in passenger motor car license fees will
be announced before October 15 next.
LICENSE FEES ON COMMERCIAL VEHICLES
Effective on November 1, 1937, when the 1938 permits will be
available, there will be a reduction of 25 per cent. in the fees to
be charged for the registration of all farm trucks and all other
commercial motor vehicles and commercial trailers.
The approximate 'annual saving will be $1,000,000.00 to the op-
erators of commercial vehicles.
CERTIFIED TRUE AND. CORRECT
7rava,ciat Auditor
the Third Session of the Nineteenth Legislature
for the information of the citizens of Ontario,
the plans of the Government for passing on to
of $9,313,938.54, realized last year;—
PROVINCIAL SUBSIDY
The Provincial Government will pay, by way of a grant, to every
city, town, village and township of the Province a sum represent-
ing the equivalent of one mill on the dollar of their respective
assessments for general municipal purposes. This grant is made
unconditionally but in the expectation and with the intent that
the amount shall be passed on to the taxpayers of every commun-
ity by a reduction of one mill in the general municipal tax rate.
This subsidy will amount, in the aggregate, to the sum of approx-
imately $3,000,000.00.
ROAD SUBSIDIES TO TOWNSHIPS
The 313 Townships which have in the past received subsidies of
less than 50 per cent. will enjoy an increase to 50 per cent.
The annual benefit to the .313 Townships Will be approximately-
$300,000.00.
of the Province of Ontario;
the above financial .report,
the people certain benefits
OLD AGE PENSIONS AND MOTHERS' ALLOWANCES
To further take the burden off real estate, the Provincial Govern -
went will assume the municipalities' share of Old Age Pensions
and Mothers' Allowances.
This will enable the municipal councils to reduce their taxation by,
approximately $3,S00,000.00 per annum,
PENSIONS FOR THE BLIND
The Province will assume the municipalities' share of the cost
of this social legislation. It is estimated that the municipalities
will therefore save approximately $100,000.00 per annum.
AMUSEMENTS TAX
Effective June 1, 1937, the Amusements Tax will be totally
abolished. As over 80 per cent. of the amusements tax is collected
from admissions of 25 cents or under, the benefit, largely to citi-
zens of lesser means, will amount to $1,500,000.00'for the year
1937.
Prime 'Minister and Provincial
Treasurer.