HomeMy WebLinkAboutZurich Herald, 1937-05-13, Page 4WA.
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ZURICH HERALD
Tharailay, Nay 13%, 1937
ONTARIO
The Treasury Department of the
Announces the "°!esults of the "Pay -As -You -Go Policy" for the
Fiscwi Year, April 1.'36 to March 31, 1937
Is -
a
ement of
Fiscal
Ordinary Revenue and Expenditure
Year endedMarch 31, 1937
NET ORDINARY REVENUE
Department
Agriculture
Attorney -General
Education
Game and Fisheries
Health
Highways—
(a) Signs. Pumps, Garages. etc ............ .............
(b) Gasoline Tax (less refunds)
(c) Motor Vehicles
$ 298,076.18
15,761,876.97
10,916,491.08
Insurance
Labour
Lands and Forests
Legislation
Mines
Prime Minister
Provincial Sacretary
Provincial Treasurer—(including Succession Duties Collected, $15,991,350.80)
Public Works
Stationery Account—(Ereess of Distribution over Purchases)
Amount
807.65
1,290,603.33
1,S03,92
782,217.63
38,485,95'';
DePartmptt
Agriculture
Attorney -General
f
r the
NET ORDINARY EXPENDITURE
••••••••• •••••
Alumni.'
$ 1,546,47/.94
2,290,164.05
1;,.. Education 10.001,950.31
' 'Game and Fisheries 446,131.57
Health 6,125,023.08
Highways • 4,931,306.65
,I.,,.. '.. • Insurance °
65,247_87
• -t",°,' '• Labodr ' ' 270,973,87
26,976,444.23 Lands and Forests 1,590,019_53
Legislation r -• 270,314.38
Lieutenant. -Governor 12,459.75
Mines - 319,660.55
Municipal Affairs 63,053.57
Northern Development 1,407,475.63
Prime Minister 153,596_20
Provindal Auditor 11'2,527_29
•_ Provincial Secretary ................ . ............ ..l_........- ..... ...._ 863,237_41
Provincial Treasure962,164.58
Public Welfare 5.005,358.34
Public Works 565,698.25
Miscellaneous --Including Workmen's Compensation Board—
(Payment to Board, $47,458.15) ....- ..... ----...--..-...--... ....... . 54,238.58
... '
Public Debt—Interest, Exchange, etc • ,
237,84036
7,316.17
2,974,907,54
6,927.07
2,110,581.32
22,632.20
680,750.23
45,344,211,91
7,283.34
5,626.60
$80,488,439.95
• $37,360453.74'
20,543,99035
Unemployment Direct Relief and Adramistratzort thereof
RECAPI.TWBATION'''
Ordinary Revenue
Ordinary Net Revenue as above $80,488,439.95
Ordinary Net Expenditure as above (before providing for "Onemployment Direct Relief)57,904,444.12
aurplus— (before providing for UnemploYmerrr DirectAetif)• $22,583,995.83
Less.Unemployment Direct Relief and Administrationc.the4of 13,270,057.29
Surplus for the FiScal Year ended March 31, 1937
11.=alleen...1.•11.342W•f•IMMINEMINII,
r •-•
$ 9,313,938.54
THE DEBT POSITION OF THE PRtOVINCE OF ONTARIO,
As at the close of the fiscal year elided March n, 18.11'
GROSS DEBT
As at Marcia 31, 1936 .... ,i,„ ......0 0 $689,558,31:31.76,
As at March 31, 1937 ..-.«.... 656,460,348.37'
Reduction in Gross Debt for the Year
DEBENTURE DEBT (LESS SINKING FUNDS)
As at March 31, 1936 $ 594,112,954.50
.As at March 31, 1937 567,973,130.86
Reduction in Debenture Debt for the Year 41 26,139,823.64 01 • Reduction In Treasury Bills for the Year
$12,000,000.01
CERTIFI TRUE AND cOlkRECT
$33,098,165.39'
TREASURY BILLS OUTSTANDING
As at March 31, 1936
°As at March 31, 1937
.$57,904,444_12
13,270,057_29
$71,174,501.4.1
411.1•16.1••••••••1011.M.M.b...11••••••••••11140
$50,000,000.01)
38,000,000.00
In pursu-ance of a promise made during
I take this opportunity of publishing,
together with this a`nnouncement 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.
i'.411=7174177M7Z1taralgrallartlaaSagatEIS
-Provincial Auditor
the Third Session of the Nineteenth Legislature of the Province of Ontario,
for the information of the citizens of Ontario, the above financial report
the plans of the Government for passing on to the people certain benefits
of $9,313,938.54, 0 realized last year;—
PROVI
NCIAL 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 purpoces, 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 fnuriicipal tax rate,
This subsidy will aniouritt in the aggregate, to the sum otapprox-
imattly $3,000,000.00.
ROAD SUBSIDIES TO TOWNSHIPS' ' '0 ° •
The 313 Townships which have in the past received subsidies t
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
. • •
OLD AGE PENSIONS AND MOTHERS' ALLOY/141CM
To further take the burden off real estate, the Provincial Govern-
ment will assume the municipalities' share of Old Age Fenix -cots
and Mothers' Allowances. -
This will enable the municipal councils to reduce their taxation by
approximately $3,500,000.00 pet annum,
PENSIONS FOR THE BLIND
The Province will assume the municipalities' share of the 'cost
Of this social legislation. It is estimated that the xnunicipalities
will. therefore Save approximately $100,000.00 per annum.
AMUSEMENTS TAX
Effective Jane 1, 1937, the Amusements. Tax will be totelly' -
abolished. As over 80 per cent, of the amusements tax isicallectecli
from admissions of 25 cents or under, the lienefit largely to :citi-
zens of lesser nteans, will amount to $1,500,000.00 for the year..
1937.
Prima. IP/inkier and Provinticil,
' Treasurer.
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