-mmmwmmmmmmu" ma‘ newt A (with. swim: > iqpqiiiuu From1hgd2)

fund-s of the Province. R9 you su pose, if they knew the sinking funds uiere natprovideiPfor at l, that the Government utoiild have sold these bonds at ‘favorable prices, or at ANY price? We are faced with these conditions. We know that further ‘borrow- ings will have to be made, if we continue, as we propose to coir- tinue, the highway improvement work under a modified system, iind it wiill be necessary to borrow sixty p_er cent. of this expendi- lure, If we gqintovthfi money market with this outside audit, the actual truth, how could‘ weask any brokerage house to bu our bonds? We have taken up this piatter and we have _ RED this condition. We have purchased bonds of the Dominion 0f Canada to the total amount of $178,000 (the amount found to be short) and the~1'e hat/e been deposited where they should be, and where they should always have been. (Applause) _ These bonds have been purchased by its at ninety-nine, bearing interest at-fizie tier cont, so that they zvill yield slightly over five per cent.

But; my hon. friendswill say: “You had to g0 t0 the Bank to get that money to pay them.” Yes, that is perfectly true’; "And vou have to pay five and one-half per cent for that money._ V05. that is also true. Buta-part from other considerations, taking that bald statement as I make it: Is the good name of this Province not ruorth “more than a fractioin of one pcr cent-less than one-half of one per cent-of interest in the Iianké’ Applause.)

GOVERNMENT SHORT LOAN POLICY.

_ mun.

I have already referred to the short loans. I will give) a brief (iutline of what we mean by that term. statute-of this l rovmcfl was passed in the ea-rly ’ninet1es by which the Government was empowered to borrow money from its own citizens at a rate of live per cent, up to a certain amount that was fixed by t.he_statutc. The terms on which that money could be loaned by_ individuals to the Government were very easy. I here were no stipulations as to the period for \Vl]IL'll the money would bc received; a citizen might receive live per cent from the very day 011 which his money was deposited, and that money might be withdrawn at any day afterwards. _ _ I a ,

You can understand that in this way money could be oanui to the (lovernnient on much more favorable temis by way of de- posit in Banks and consequently the system became very popular, and the amount of money received has been increasing from year to year; it has passed the half-million mark; and this vear, in the Legislature, we had to pass a statute enlarging the

limits of the borrowing amount previously fixed. l‘l1lS'liS‘_]l0l"- ‘llfectly good financing, bccziuse we are paying less, by (inc-Ilia i par -, cent. than we are pa_ving to the Bank. liut we now take t nsyiuv L of it, and I believe it will be held to be the sound view z. lhere . "KZIIC two classes of (ICPOSIIOTS; one class who ileposit their nioncy as they “mild invest iiiany Stftfillflly, f0? lcllit! ])l]ll'p0SlJtl()ftC(lf;ll:lg5 - _, . .» i =ziv~ 1a in .61" 1'1°°"“» =““l.'l‘°l ‘m’ Wm” n M1511 0 "i1 Iimvtheir i... llhere for a considerable period and regu ry wi it‘ l _n tercst ; the other class 1s composed of trustees 11ml 0K 1W5 W 10 51 l ply deposit the money for a very short perIOd 11ml lllll‘ lclllllolllly convenience until they can find some more permanent investment r until it lias been distributed withlthe‘ csliltfi- 01"‘ F0"l1‘"ll"" ll" lJ/ldl the latter class should not rcccizle the sonic rotc os_ those ‘whiz ,q,],,,-,- [Iwfy money ttt a more permanent iciay; and the (itwernmcn. llllpropose to miikc near regiiilotioiis providing thaé tlicfiushofr: depositors shall receive FQUR per can! mistco of t’ ll_ _ - lThis contract will be contained in the deposit receipts which will be given at the time I submit that in doing this we shall savc liiery much more than trill over-balance the loss of filntcgsltlkttigsgi b3? “wrmll m‘: bonds and Iakwg H“, "lomylfronf HIS-St iiare "Ullil .so. Alnd in doing flint ice have inade oitrse vcs 0 1 - , g the warm as a prowl-Ha,‘ 1m, have in.” fag]; qgttlll- our bond-holders 5,, ma; we have our sinking fu-nds and that in our tTflVCIPtlld/HIDIS to them 'll't."./l(l7/L' made good. (Alllllilllsll) i '

THE FliNANOlAL SIDE OF EDUCATION

I would like for a few moments to deal with the financial as- : pect of the various departments of the public seryice; and first with . education just so far as finances are concerned. I_ spoke on iduca ‘ r tional matters fonnerly n1 the House at this session somew iat in “l detail, and I will not go over that ground, but I would like _t( draw attention to the way 1n which the cost of (tdlicillfwlllllt-lbtilgln creased during the lasth few Yfills- l" “J03 lll“ Ho“ ° “lg” I,“

to mis province was $27,500; ten yczirs later, in 4913. 1 I

‘ ooo- 1nd in 1923 it amounted to $193.0“); >0 lll-‘ll 1“ 5“ $155" i 1 s t- cars it Iris pretty nearly doubled. W6 llll

eve" dbl.“ 13.5" finish-e’ of ciducation. The importance of tht

i apprulllu- ll m‘ ll] p f ‘Ill country cannot bcIlwfl-‘illffll lW 111679 lllll °‘l“°=“"”"'.fyluiilg. igc-YCVCII the earning capacity of fhc country l "m? aim} Lulibitiocni-‘il largely to its standard of education. ‘.111 Wbhél1ll10'l)rl‘i)tltl]) asking ourselves this practical (iucstioii: Are M

yvgif”) full qluhtf.’ for the ttlflllt‘)! tor ore expending? _ I

‘. We have all been proud of our system of education and in results which it has produced. Year after Year “T ll-“Vc ha“ ll.“ \ , 3‘~ duayes of 0m- Colp-gcs Qiifcl‘ thc collcgcs of. the world, and in ‘ ‘gm . 1 . | - doiic so with credit to themselves and ti "cry ca?‘ if“), mills, mt- ‘tvnne lint are we keeping up \Vlll‘

I ‘he proiuhcil- rclml will} othcry count-ties? As l have said before uflvi‘"Liicslliliiiieuwi shall endeavor t0 solve. We have mad:

./, lly which a carefulcxaniiiintion of our educatgizongl * _.,;.tem will be made in comparison with other systems. - 0 PL 1'1~

. , . , .. '- ~- 'll s1 lf1lll\'l\ ‘vibe financial zispcct of the case is concerned, I WI iy - ,

‘ ' ‘ ' -. st pr ' us “fllltllllOll we have to fact l ‘ i‘ lhill "-111nltlllgtlyllllttlllvllllll ‘c1113; ciliiblilliontil svstcm is the llllllllpllCll.) ,»Oflyl c _ H ', ,1‘ lmpprfi i» mr‘"‘":.°‘*1:‘":i:.:;z. 1115.1: ... 2...... ‘s vincc in which the average .iitcn_.inte I. i I11. ‘ "mend to H“ "3 I am not going to elaborate on this. b"! l ‘Vgllll Th]? n for {hi -," . I - t h . _ ~ ' - ) 5 earnest consldiirlltlon of a" m" Pfuflplfrtehiort tilihiirciiilflu: Sllpcrin y“? nndfplafltlculilrliltlttllil; liiiitthdhisliiiatlor and gives tables whirl ten ento ‘xuca ioi 1 _ . . _ _ _ _" , of i‘, show how much it costs this Province to educate some ‘ -J ' ' a i. pupils. . -( , .____ This system has a very scrionf effect not onlty llliziiitiitlrgarlchdllllll: I'll other ways“ h ls costing this llrovlllchiiliizdtclioiiitl l0 siiy whc it should cost to educate-our P11P1,5- i . . - ,, is io ‘blame for the conditions. 'lhe sclioorls arfilélisgrélitlifiglglllla ‘heterogeneous way, somcof them placed wiere Y ‘l ' l_ we be» time m‘ ‘is a “-°“‘°“‘“t"-"‘f““f‘.‘é‘l "cilia: system A teachelicamlot do Ills lwor "ll‘l(le tlie ‘uiiils lose wiih_ _a disproportionately smith.‘ téacher is ‘wasting hi} ambition and lack in IHtIUSfIfY elf; qhoukbbc teaching’ This .., time over half the number 0 n11!" 5 ,_ ~ . _ $ 0w =1 matter will have to be dealt with. Ilie cost is now alinost/Uéi l. ‘r 00o. That is too burdensome entirel)’ llml mllsl “ml k m '9 . remedied.

PAVIMINT OF TEACHERS’ SALARIE3

- ' th t hers thirteen months gatagurkltllgi; iii: Tfelattltfillttet‘ liiubirin; niciatche accounts to the end l‘ f the year. I canpot see any reasoinlgpod 31' lbilgl.‘ ttlgleyfilrlylfifnflilzl; "Clal Ye“ should ‘ml l?“ “lo ‘list of Lcelllher iofith of Decem- ool year a month earlier, in_ Nlovember. ‘c’ Igavm m“ Wm r belongs to the fiscal year 111st the samckilltlhe endlgf {he year ple in mind we havepnid the teachers up o h “d having i r belon s to the fiscal-year iusi as do the other mom": aend of ‘he i at principle "in mind wehave paid the teacher‘: uhp to ‘e! r we m} . 9x933‘ m,‘ “i”; “gtvgjltflv! to deal wit t is in‘: encreylqed y; to d0 5° at theend of. each year. This,_of cgiizsfi. as! flrmn ‘than l ewh“ ‘he may“ paid out ‘m. education‘ d“ s hncontrollable. , cost of education mi ht almost be ferme B reason for theWn in; cost is that for the last two or f; year, t; grater roportion than formerly of first and second .88 tuéhm,’ and ‘n, r proportion ofi mllehteacherst a}? .,. , , . ' reuse: automat cellyt e amoun pa that tip to the end of the war period _\ e high prices paid for labor, attragt‘; vour older” teach s, “Pecllllly ll1¢_ file tteactzarsr. wf£fi:8§y“;he not enlist in t war were attract in o o e

l a».

‘ _ .~ -.~ .

essentials.

theteaching profession, here is another matter connected with the increased cost of.

education.

tinned by ‘order of

subject very briefly

refer to the storm for repairs already

season. work. Very many

attended to. One t

the bridges built in

THE \/Ve will return \‘Ve

ticiilly the same as

be very much bette the people that w,»

pend largely on the

massing that Prince tlrit still adheres to

In the matter WIIICII we

mg the cost otter a rlcbt falls due. placing of concrete rowed money

in a general rcay, is eminent.

their original policy

he ordinary roads. shown flint.

icglectcd fish a limited patrol

This extra upkeep eniie we now lltll'l-'L’,

adopted by niany ed out admirably.

der of summer visito hey will come year

En g some assistance

.vl1icli will assist iii whole Province.

few moments.

‘atcr, in 1923, it wa

uhcr provinces has

culture. You can understand the wrench it has

. ~ - r ' mor lar el collected. gfiglifiirghigiiyingwiizti (‘lzépmfioijsiil lhil ggiolylegi lrlilldhjed reviinue gfriini the collection of_ IISCSC ‘taxes without any more than one-half during the previous years. further hardship on the tax-payers of this rovmcc, means that we must get down to the ver e must let down to dollars and cents. T ere are certain activities which we must carry on unless _we close ihlis all’? To: aTli-‘igllilzrilziiltcillrall ‘fileltehiagebxflutiifli its present Land Assessment Act, hi}! lmfflflifll QKXBIIO" 0h ft-‘lll

It simpl

8 h nion of ‘our- young men-going back to * . 1- ' 1

ponhmmiy hi ‘paid; but ‘as soon as labor became psi» we nature I

§§§“bl,'l,l"f,{l” ifffpi§lifiglalliigiflisaiisei in connection th Prince system of valuation adopted is practically the some. There is no

_. _i , '

_ Ever since school inspectors-three of them-were pai grant forAgi-icultural

and since that time, and for the future, will of necessity have to be paid from cunrent provincial revenue. I come to the matter of Public Works. I shall deal with this

by the Commissioner of Public Works;

more or less temporary in order A great deal of work is

troyed along with other public works, and they will have to be

say, lias_been impressed more strongly upon us, is the importance of building works of as permanent a nature as possible; because

not so well built were swept (away. in connection with the Department of expenditure from this source. niciit to rebuild, iii as many cases as possible, in a permanent way. because rue [relieve that is the most

have already been ivarneil by the leader of the Opposition that we are not taking the right course, but up to the present ‘he does not seem alble to outline a better one. The 1920 Road Actjs prac-

the 1920 Act for Road inspectors. have fully (lcmonstratetl to the people that this Province would

eliminate them from our system altogether; and ‘ZUC Iicwe carried out that promise. (Applause) two acts, since I911, is practically the same, and I tliihl-r it has moved nearly as good as the system of statute labor.

will naturally be wiriablc. 1-. standard of general cfficiciicy as

THE GOVERNMENT HIGHWAY POLICY

laid down when in Opposition ; in fact, in a general wriy, the policy laid down. by the Conservative (lovernment iii 191i); the policy which the Liberal Government at first adopted. as shown by their resolution in the House in I920, but which, unfortunately for this Province, and perhaps unfortunately for themselves, they were induced by some evil genius to depart from. that under the circiimslriticcs it is o- good, ttl0tti">\' for permanent works, but we believe it ‘is as these iuorks are of (ll least suflicivnt permanency as to outlive the period fOTJU/lfflt thc-moncyi is borrowed. Tho! mciins spread-

cach jvcor, and providing that the total cost is made

lIut such a course is only dcfcirsible in the con- struction of work of a. certain

\Vhat we condemn in the was the expenditure of such l on level stretches of ordinary clay great expense, of material so perishable that in two years or less they have been almost destroyed, Jriginal condition or worse.

count of that departure this in dcbt, and the tax-payers have lost a great deal of money,

I/Vith the material we have at hand we cannot expect to build ticrmoncnt highways in this Province. \Ve have learned to our :ost that our highways require a continuous system of upkeep; hey require continuous repair, and rvapair of a (liffercnt kind from

under the old system

While built at a great cost, these roads have been and have suffered iii consequence.

is the only system we belictic is practical. tho-t out we must hot/c

.’c'z/,yiing,a tax on the gasoline used by cor orcincrs. provinccsnnd by the United States, and hos ruor/c-

This tax will be paid by those who have a special interest in he upkeep of these highways, and I believe that the saving in ‘he wear and tear of the cars, gasoline used because of thc improved condition of the roads by our nethod of itonstantly repairing them under the patrol system, \Vlll more than repay those who pay this tax. Also, we have a great num-

.’.‘l'lII‘-‘0l\l has iaken an interest in the tourist movement and is giv-

Associafion, in the importance of this movement to the Ilrovincc :nil the benefits that will accrue from it. :re:iscd number coming; they will want smooth roads, and. ivi-ih the iiglnvays that we have constructed we will not i system of proper upkeep is established.

hcin a revenue which they will be perfectly

AGRIOULTURAL DUOATIION

I would like to deal with the Department of Agriculture for a I may say that this to ine is a somewhat difficult lcpartnicnt. The expenditure in this for the last nuniber of years '1as increased considerably.

he total amount because since 191i this department like all the

‘iy way of a special grant for agricultural instruction, an amount ivcraging for this Province about $30,000 a yea-r. wast year we have had over $60,000 expended iii this department. l know that this expenditure is questioned by a great many people; especially in the farming communities. The question they ask them- selves is this: “ls the Province getting value for all that

expended?" "This year we are faced with a dlfliculty in that de-

with the result that I have mentioned. t l

1911, up to the past ear one-half of one _ ‘out of the Federal instruction. That arrangement was discon- Federal Government durin the past year all our sc ool inspectors

the

because it will be dealt with more exhaustively but I would like again to of last October. I have referred to the outlay occasioned, but the outlay made last year was to carry on during the Fall yet to be done — permanent large bridges, as well as small ones, were des-

h-ing that we have learned, or perhaps I should

a permanent way withstood the storm; those So there will he thjsyear, Public Works, an increased

lt-will be the policy of the ‘Got/eni-

vconoiiiicci! riiay in thc end. ROAD insi5§crons Asocisnso

, practically speaking, to the Road Act ‘f 1912.

the 1912 Act, except there was a provision in l. think the last four yciirs

r without these Road Inspectors. We proniisrii’ "(would discharge those oflicilils, that we would

The general system under tlicsc

we can devise, so long as we adhere to It is quite true that we have to de- efficiency of our Road blasters, and the results lint it will he our policy to get as high possible. I may remark in lidward Island is, I believe, the only province the old system of statute labor.

of highways we purpostnto follow the policy

lVc bclicv: policy to Imrrow, only good insofar;

ivistir

number of ycors, anti/ring; it cosy ‘of piivnicnt

up before the

amount of permanency. The

culverts, the building up in a more or less per-

manent way of the low-lyiiig, swampy places, tho reduction ufl grzides——thcse urc of a permanent nature and upon these the bor- shoiild‘ be car/tended, and upon tliinro alone. zlnd that,

the policy vcihich ziiill be followed by this Goo-

I policy of the Liberal Government arge amounts of borrowed nioncy roads, elaborately built up at

the roads going lback to their “In doingthis they have departed from the policy of common sense and on ac-

Proviiice today is very much deeply

and from

They require repair which cannot be done of statute labor; the last four years have

lV e purpose to estab- Ihcsc Jiighitiiiynr. That [liit in orilirr to curry some extra provision by ri-oy of retiirnuc. cannot be carried out it'll/i the ordinary r01.’- and 7W.’ purpose to ‘make provision for that by That has been

system of taking; core of

and in the reduction in the amount of

rs here. We are glad to sec them and we believe after year in increasing numbers. 'l‘li:s Gov-

to it financially. “he bclicvc, with the Tourist We will have an in- have that unless We will get from ‘willing to pay and keeping up the highways, thus benefiting the

In 1913 it was $18,500; ten years s nearly double; and that does not represent

been receiving from the Federal (lovernment

During the

money

barest

" 'i?'i"1ft{i»' is“ I

ed a separate system shortly after, and they now have two tax

of our friends in the administration of that DAct. _ the Assessment Rolls, w-hich arc the very ‘basis of this Act, upon ivhich (lepciitl the whole success of ilic system, had not been from the first year properly prepared. _ names of the people liiilble Ulltltfl‘ taxcs of fill kmdfi. 011 fibril BSIIITC. personal property and incomc, and examine these and iitakfi 1'6- turns; and on these returns was based the Assessment ROIIS- depended entirely on the manner in which ‘these Assessors per- formcd their duty and upon the iviiy those Rolls wcrcinailc up. In the first year they apparently did their duty, but iii ‘the later venrs the rolls were entirely. niadc up 111 the Treasury. The As- sessors come into the office. them and swear to them, and receive for that $25. _ _ understand whether or not that was a fair meihotfl 3f nnrtment wihichhas already been referred to-the sudden witli- 1118 U16 -’\¢l- l“? "F" “lldflrslaild 5° ‘ifégvglg ilfcorrchtxmd drawal of the a ricutlu-rdl grant. For the past number of years I111"! 56¢" "lllloyedrd Elm lam“ gsked 107m wnore ma“ on“, and numerous expen itures have been based on the expenditure of this llllPfoPl" "lillles l" flvfio silch an extent ywe Say ma, A“ has {with certain orwfization pili ‘been bum up and carried 0'" hgiibre 1i:(l|‘lt3cl"l;p;tidii‘lllfltil¢!f€d, and under the proposed admin- and entwined with the other activities of the D¢PDl_'\f:::t1t;t)thi/s\gdl:: {Shawn the revenue Wm be mom equitably wnecwd, and very

of Wales College; and very largely for the upkeep of the Teehni- qaltSchool; for School Fairs and Women's Institutes; and all the activities, more or less, of the Department of Agriculture where there was any excuse for terming that expenditure “instruction- al.” We must remodel our system, we must get down to essen- tials. We purpose continuing our system of agricultural exhibi- tions; our School Fairs; our assistance to Wbmeifs Institutes and

we purpose to carry on, as far as possible, our system of Short Courses.

THE TECHNICAL ISOH-OOL

In regard to the Agricultural and Technical School we have heard and read a great deal about this institution. We all believe in the importance of technical education; there is no question about that. But it is a question, in a small province like this, with lini- ited revenues; just how far we are justified in making elaborate expenditures in this connection. I want to say that as far as I am concerned the expenditure that has been made in connection with the 'l‘echn~ical School is absolutely indefensible when the re- sults produced are considered. . (Aipplanse) I believe that we must carry on these activities; but carefully and economically, ac- cording to our means as a province. Vlle cannot afford these elab- orate expenditures by way of overhead expenses; paying men :1 year's salary for six months’ or less work? paying teachers in that school $2,000 or $1,800 a year for a few months’ work in. the win- tcr. 'l‘his, Province is too poor to stand ihai kind of expense. t Applause.) . -