Years Fought

Deprettiv" , Wzth UndisputedfSuccess illaniGovernment ‘Baliance Of

_Q1'll8 went out of

ByMac

Opposition Criticism Weighed In The Government Achievements During Years Of Unprecedented World Depress-ion. Premier MocMillan 1,, Brillant Form 1,‘. Delivering Budget Speech, In Which ,He Estimates An Ordinary Revenue Surplus, Excluding Sinking Funds, 0f $37,217. “

incmase of liabilities year 1931? They estima expenditure—ordi relief-would amoun and the total revenu

Following is the full text ofthe Budget speech delivered legislature 011 March 25 by Premier the I-fon. W. J. P. Mach/Lilian, M.D.:

Mr. speaker, this brings us again i0 that point of the Budget and it ls again my duty and r and privilege to submit a record the affairs of Government in this Province for the past year and to submit estimates for the carrying on at said Government for the year to come. I fully appreciate the honour as well- as the responsibility of this duty. I fully recognize that m of the Island's most brilliant sons have in the past stood in the posi- tion where I am now standing and I think, as we look over that long record of men. who have performed this particular duty, that afair an- alysis of their record will inevitab- ly 1nd to the conclusion that they endeavoured to do their full duty. Many of them have passed from this earthly sphere; some of them are still with us. And if I were to nrpress any wish at. this particular time it would be that when 1 am being judged at the bar of public opinion as lender of this Govern- ment for the ‘past four years that all I ask for is fair play on the part of the people.

I don't wish to nu particular time the peculiar diffi- flculties of administering a govern- ment for the last- four; or five ymza-ss. l am not gob" mantle of chant": be thrown over

destruction. Old Age Pensions paid

n expenses $5,220, a de- $1,473. Telegrams $250,

Works $286,620, a decrease seen expenditure

tributloii of $90,000, leaving an estimated increase in lia- bilities to be $114,593, and that es- timate turned out to be an actual figure of $544,000, so only astray $430.0 u for eight mon

of $33,942. Unfore $1,000. Sinking Fund 205, an increase of $1 a total of $1,599,299, a decrease over last year of $57,665.

Revenue asrmA-ras Tannin

HON. W. J. P. Mac MILLAN, MJ’.

Premier of Prince Edward Island

tbs, or in other y were going behind, for- tunately the electors decided it was high time for a change, at the rate of $816,000 a. year.

borrows anothe: ten million or two, he is that much more 1n d:bt. Thay won't admit that when you issue debentures you are not tlmreaslng the debt. They won't admit borrowing, part of this bentures, because that is what it was on our pa look after their borrowing in the only way we could. The

in 1930 $122,000, and in tal of $366,000 worth of gravel which tlfcy charged to nt. Mr. Speaker, how much permanency ls the Ilow much reason is behind a fln- ancial statcmcnt that charges gravel to Capital Expenditure? added their expenditure for gravel to their Ordinary Deficit of $146,000 they would have a Revenue Deficit in their time of $512,000.

Now in 1932 we had a1 Revenue Surplus of $18,600, in 1933 we had a. Revenue Deficit of $20.000, in 1034 we had a Revenue Deficit of $142,000, or in our thzee yeas we have a. total deficit of $146,000. Now it is true that in that we charged one item of gravel, an amount of

going to give you the revenue. I will table the

estimates of revenue. though it has

A COMPARISON

of the House will deral Subsidy $947,-

$150,000. Dlrcet Re-

But they say they ys, had a surplus on O:- dlnary Account. Now, deal with that. Last y ary Expenditure was the Ordinary Revenue was $1,385.- a deficit on Ordinary $271,147, but. following the course that has been [ll by this _and ever some time tho Sinkin vision of $128,500 must be taken 200. from that and that leaves a deficit on Ordinary Account of $142,000. and, mind you there wasn't el transferred to Capital Ac- was the custom tn their lessen the deficit

have done when the d. This $2,450,000 is accounted for by our debt of $932,070 and their debt of $1,177,000 and by funding hank overdraft on hiking Funds and an amount due on Illghwa 1931 for which Striking Funds were not adequate to the $340,000. So we can account for the bonds that, we sold, debentures we issued. We can show by the Public Accounts that our increase 1n debt was not $2,450,000, it was $932,000, and we won’t leave the obligations for them or whoever succeeds us to look after that they did for us.

A question was asked here

1st December, 1934. and what is it on the 1st of Mar 1935." The answer was quite simple, $294,000 on 31st, Dece 1st March $210,000. We don’ verdrafts of over a million.

500. Although our expenditure on

Old Age Pensions looked

d road tax $155,000, C911- adlan National Railway tax $40,000, H1096 tWO it $195,000. corporation taxes, mg domiciled com Succession Duties

ment Tax $5.000, 000, making a l0

y Government for

it should be charged Expenditure. In 1933 avel was charged dituzre. Therefore

t forward at this int item of $225,000. and in 1934 the gr on Ordinary Expsn our Ordinary Deficit on Ordinary Account against our $512,000 was $161000. There ls the comparison of Ordinary Revcnue-. deficits and surpluses analyzed.

years in order to s on Ordinary Account. y that I we; badly o admit that 1 was off. There for it. There was

nts and Marriaae and Penalties $500. Fees from dlfierent General Governme enue, Department

Health, _ Prohibition Police and fMatnten- $54,600, a total esti- ygrevenue of $1,496,- 271.98. and the estlm

were good reasons an increase in relief, Old Age Pensions, the amount of wor to pay for in conju Federal Government, whic my figures given an extent. But w of our deficit on Ordinary A of $142,000. How does thatxoompare e Province of New Bruns-

regaid. but I think those who an- alyze the situation logically those who follow the trend of mod- rm events, will nwalize that within the last four or five years the duties and difficulties of government have been tzemendous.

of Public Works.

k which We W‘ LIABILITIES ANALYZEI)

011 August 20, 1031, the total l'a- bilities of this Province was $3,337,- what my Friends one c of the House left in came in on Aug- ust 12, 1927, four yenrs before, the debt of this Province was $2,159.50; so that in their four years of office, as shown by the External Auditor's ncrns-zd the indebt- edness of this Province $ or in four years they added 50 per existing debt from Confederation, or from this Province started out to do its own business down to the year 1927 our accumulated debt was $2,159,030 and in four years our Friend; on the other side of the House, who pretend to be such great economists, just added 50 per cent to that total. In four years they were able to do what every Government from the time this Govr: nment was doing business, all of them put together, in four years they were able to do half of it in piling up debt. Now it i5 quite true that since that time and in our regime w have increas- ed the debt not quite as much as they increased it, We increased it $932,000. We can still spend $245,000 before we are as bad as they are.

Mr. McIntyre: ‘That wasn't vcry much of an increase."

Premier MacMtllnn: much compared with yours. You will notice, Mr. Speaker, the wisdom

last year to quite hat do you think

TIIE ESTIMATES ed surplus on Ordlm debt. when‘ they SINKING runo Account of $37,217,

Sinking Funds, a5 hat we have Cap- Federal contribution lief Act 1994, exrlus- ive of concrete hlghwa

Now. there is a matter which I fer to in Justice to all governmtnts and that d poposltion. I may say I am not satisfied with that each government 1n the past, that we are providing too much 1n our Sinking Funds at the present ti

r funded debt.

With tiles.‘ preliminary“remarks f will tat”: you a‘. one: into that particularly dry realm of figures. I the estimates of revenue and expenditure which w: are submitting totiiclit do not differ

1. -->- s.“

Account of $800,000. I wonder, caker, how it compares h a revenue defic $1,129,000. So that if

tie Province didn't do st year. When times are u consider our deflelt

on Ordinary Accoun

has been foolish

the last day or two. Th timated expenditur

concrete highway $48000, and was

partmcnt of Justice is $64,175.21. dc- '1

20 per cent of You Nova Scotia has B per can Brunswick has 10 has 12 per cent, On 1r cent. We are putting more sinking Funds than Province in this country. It la nd every Government has to go out. year borrow an amount. over $140.000, in our Sinking Fun

ment of Agricu ture $51.22’). mi in- crease of $5.371. , Council $3.750. a decrease cf $147. For the Department of Education 8344.420. an increase of $1,265. For

t in 1931 would be to a new record of $253,000. There is one thin ellef payments dldn’ 01d Age Pensions, for re- at year was only $12,- 900 against $39,000 l eoume. there is the old a1 d they spend rroney without control. Even honourable friend the immense Mlnhter of Public Works lost control at that time."

Mr. McIntyre: Not as much as you did this year.

Premier Mari/Lilian: No, much. My deficit on Ordinary Ac- count was $142000

Borden which cost per cent, Quebec

borne in full by the

TED SURPLUS

In this year we must make pro- vision for the General Provincial Election. and while at this point and before 1 forget it. I might say that we have had some criticism, I was going to say considerable but. l won't, Mr. Speaker, criticism on the point that we never filled the two vacant seals in this House. On.‘ from the Belfast District. made V10- ant by the lamented death of Mr. Callum Bruce and the other in the Georgetown District. triad: vacant by the lamentpd death of the lat: Premier of this Province. The prin- ciple reason why they were not fill- ed was that those districts were rep- resented adequately by the remain- ing representatives. Each has two representatives and wc con- sidered that for the remainder of this House that the gentlemen who represent those districts could rzp- resent them adequltcly.

It meant that we saved this Pro- vince the amount of

Tm,- mnln point about I am estimating a dinary Account of $3 of Sinking Funds.

Now. Mr. Speaker,

d that Estfmaw

ds. And there ts another point where 1 believe that acturial or expert advice would be beneficial to evolve a proper plan as it is not a good proceeding vince to carry their own bonds in their own Sinking Funds. I made that declaration advisedly. Province in this country that l; not carrying our own bonds in our own Sinking Funds and tn some Provinces three-quar- ters 0f their entire Sinking Fund provision is thci right we are wronz, t But I know thlsythat getting off a great deal easier than we are, before I forget it, my friend of the Patriot in other day, using some at Black Wed- plcal of. drew attention that this Government its bungling issued bonds didn't make them callable as other inces did. I haven't time to xact words, but I have gh 1 don't suppose 1t‘ akes much difference. d this Gwernment for not g this issue callable. He knows ll as any man tn this Prov- because he is editor of a

that l! supposed to know it doesn't know anything that there nevorwas a unks bond in this as he should know,

ated Revenue an will lle on the table.

of the Government. ewspeper on Wednes- dont know what

$142,000 l5 much We are the mfly

er than $253,000! (Laughter) That is not the

ber of this House. On the Patriot came glaring headlines

"MacMillan Govern You will realize the great period

of depression in which my friends administered the merit of this Province from 1927 to 193l.-When they get up to those were the ‘wonderful’ yeast What about the trade-of th try? Why, money was ove everywhere. It was wcn W m“ was so wonderful that nt to remind step with it $1,177,000. They didn't $544,000 0f the presslon to contend with; th in debt in that have hat the deficit on “m; 8S 3353-000 m‘ Pensions to deal with; l, find Y0" have the Teachers‘ Superann D0" Fund to ,dcal with", 0Y1 have any fires M1905‘ 39- 1931- is their main dttor’: Rerorl built two ferry

llabllltlel they ma. They u: the Prince of Wales

al .

lllali: That is the old ste:y. The b11301‘ the the bigger the deficit. I know t n. friend th,“ Leader of the ion never wishes to take this year into consideration. par-

hat, is

and very little more about it». We admit W0 efer to the Journ

for last. ‘year you find that we estimated total expenditure (ordinary, and construction accounts, would amount to $155,390. estimated that the revenue would a and that at the tlmates of expe find that the Itednr

therefore the total estim- $1.4$4,471.66. Now

this

MI

capital Mr, Lea: We will take yours ln- rqown; the Editor relief) to consideration next year. Premier Maclvflllan: ordinary was coming. But I wa t to $1,940,621 hlm, bottom of the es- w nditure you would al contribution year and also Ordinary Account w elusive of Sinking Fund will get it by com of the External A you the liabilities at an ln- and the Provincial Au