The Huron Expositor, 1937-05-14, Page 6The Treasur'y Department of the
PROVINCE
OF ONTARIO
Announces the Results of the .. "Pay -As -You -Go Policy for the.
Fiscal Year, April 1, 1936 to March 31, .1.93 '
•
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 Attorney -General
Education 1,80392 Education .,
Game and Fisheries 782,217:b3 Game and Fisheries
Health . .. _ 38,485.95. Health
' Highways
Insurance
Labour .....
Lands and Forests
Legislation
' Lieutenant -Governor
Mines ,.«
Municipal Affairs
Northern Development
Prime Minister
Provincial Auditor
NET ORDINARY EXPENDITURE
Highways—
(a) Signs, Pumps, Garages, etc _ .. _.._ _... ....
(b) Gasoline Tax (less refunds) .._...._.. ... ...�.. _
(c) Motor Vehicles
Insurance
Labour
Lands and Forests
Legislation
'Wines
Prime Minister
$ 298,076.18
15,761,876.97
10,916,491-08
Provincial Secretary ... ..._......... _...._«.....
Provincial Treasurer—(including Succession Duties Collected, $15,991,350.80)
Public Works
Stationery Account—(Excess of Distribution over Purchases)
26,976,444.23
237;340.86
7,31617
2,974,90734
6,927.07
2,110,58132
22,632.20
680,75023
45,344,211.91
7,283.34
5,626.60
'Amount
$ 1,546,471.9$
2,290,16403
310001,95031
446,1.31.57
6,128,023.0$
4,931,306.65
65,247.87
270,973,87
1,890,019.83
270,314.33
12,459.73
319,660.58
63,053.57.
1,407,475.63
153,896.20
112,57729
863,237.41
962,164.58
5.005,38334
563,69823
Provincial Secretary
Provincial Treasurer •
Public Welfare
Public Works
Miscellaneous—Including Workmen's Coniprnsarion Board—
(Payment to Board, $47,458.15) -
Public Debt—Interest, Exchang", etc
Unemployment Direct Relief and A ministitirin thereof
54,238.58
$37,360,453.77
20,543,990.35
$57,904,444.12
13,270,057.29
$80,488,439.95
$71,174,501.41. _
RECAPITULATION
Ordinary Revenue and Expenditure
Ordinary Net Revenue as above $80,488,439.95
• Ordinary Net Expenditure as above (before providing for Unemployment Direct Relief)57,904,444.12
a
Surplus—(beforeproviding for Unemployment Direct Relief)
Less—Unemployment Direct Relief and Adrninistration thereof 13,270,057.29
$22,583,995.83
Surplus for the Fiscal Year ended March 31, 1937 $ 9,313,938.54
THE DEBT POSITION OF THE PROVINCE OF ONTARIO
As at the close of the fiscal pear ended March 31, 1937
As at March 31, 1936 GROSS DEBT
.As at ,March 31, 1937 $656,460,3.36
656,460,348.378
Reduction in Gross Debt •. for the Year $33,098,i6539
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.....„.,....„..... $ 2.6,139,823.64
TREASURY BILLS OUTSTANDING
As at March 31, 1936 .......«........«.... _ . , _ _ . «„ $50,00000000
As at March 31, 1937 38000,00000
Reduction in Treasury Bills for the Year...,._ ............ 412,00%000E00
CERTIFIED TRUE AND CORRECT
sw
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 carlicense fees will
be announced before October 15 next.
LICENSE E•.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
co ns ierdai motor vehicles and commercial trailers.
The approximate anneal saving will be $1,000,000.00 to the op-
ethtots of commercial vehicles.
Provincial Auditor
the Third Session of the Nineteenth Legislature of the Province of Ontario;
for the information . of the . citizens of Ontario, the above financiatlreport,
the plans of the Government for passing on to the people certain benefits
of $9,313,938.54, .realizgd last year;— .•
PROVINCIAL SUBSIDY
The Provincial Government will pay, by way of a grant, to every
dty, town, village and township of the Province a sum represent-
ing the equivalent of one mill on the dollar of their respective
asgessments for general municipalpurposes. This grant is made
unconditionally but in the :.expectation' and with the intent that
the amount shall be passed on to the taxpayers of eve(ry..commun-
ity by a reduction of one mill in the general municipal tib rate.
This subsidy will amount, in the aggregate, to the sum of approx-
imately
pproximately $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 w 111 he approximately-. -.
$300,000.00,
r.
OLD APE PENSIONS. AND MOTHERS' ALLOWANCES
To further take the burden off real estate, the Provincial Govern-
ment
ovenment will assume the municipalities' share of Old Age Pensions
and Mothers' Allowances.
This will enable the municipal councils to reduce their taxation by
approximately $3,500,000.00 per annum.
PENSIONS FOR Tut BLIND
The Province will assume the Municipalities' share of the Coat
of this social legislation It is estimated brat the 1111MiChkettieS
will therefore save, approximately $100,000.00 per annitm..
AMU's TAX
Effective June 1, 1437, the Amusements Tax Wel be totally
abolitheeL As over 80 per cent. of theamusements tax is catlected
from admissions of. 25 cents or under,, the benefit, largely to citi-
zens of lesserlmeana 'will amount to $1500,000.0 for the year
193,7.
1'sdsse llinistn and Firorirdd