
 
     YEAR BOOK 103 
     
    
     FINANCES OF P. E. ISLAND 
     
    
     Provincial Treasurer—Hon. Murdoch McKinnon 
     
     Assistant Provincial Treasurer—Arthur Newbery, I.S.O. 
     
     Provincial Auditor—John Anderson. 
     
    
     The ﬁnancial year 1911 ended on 30th September. In the 
     
     legislative session of 1912 it was decided that the ﬁnancial year 
     
     should for the future end on the 3lst of December. So that the 
     
     period between the end of the ﬁnancial year 1911 and the end of 
     
     that of 1912 was ﬁfteen months. 
     
    
     THE PROVINCIAL DEBT 
     
    
     On the 30th of September, 1911, the indebtedness of the Pro- 
     
     vince stood in the public accounts at $904,344.51. But in the two 
     
     months which followed there was an excess of expenditure over 
     
     revenue amounting to $83,281.50, and there was shown to be 
     
     outstanding liabilities to the amount of $84,969.76—so that the 
     
     debt and liabilities of the Province on the second of December, 
     
     1911, amounted to a total of $1,072,595.77. On the 3xst Decem- 
     
     ber, 1912—thirteen months afterwards—the total debt and liabil- 
     
     ities were shown by the Public Accounts, as audited by Mr. Ross- 
     
     borough, to be $1,027,195.48. That is to say they had been re- 
     
     duced in the meantime by $45,400.29. 
     
    
     FINANCIAL RECORD 
     
    
     The receipts and expenditures of the Provincial Government 
     
     with deﬁcits and surpluses in the years since Confederation are set 
     
     forth in the following table : 
     
    
     Year Receipts Expenditure Deﬁcit Surplus 
     
    
     1874 413,256.81 432,907.08 16,650.27 
     
     l87s 301116019 39527743 94,1 17-24 
     
     1876 254,144.26 353,327.84 99,183.58 
     
     l877 326.274-64 353,459-08 27,184-44 
     
    
     1878 3I2.684.34 334,133.29 21.448-95 
     
     1879 285,062.05 313,845.27 28,783.22