Tuesday, April 25, 1967 Accrued Interest Payable .............................................................................. 889,978. Mortgages Payable .............................................................................................. 682,896. 165,398,286. Against this debt there are some $16,722,917 of realisable assets which leave the net debt of some 849,670,369. These realizable assets are shown in detail on page 8 of the Public Accounts. I should like to emphasize that the Balance Sheet of the Province includes the assets and liabilities of the Consolidated Fund and those of the following government branches, enterprises, and Crown Corporations in addition to those accounts detailed on the schedule of trust and retirement fund assets— Fishermen's Loan Board Farm Establishment Board School Supply Branch Liquor Control Commission Crown Building Corporation Senior Citizens Housing Commission Laboratory Council The net profit of the Liquor Control Commission is included in the statement of revenue and expenditure, while the net profits or losses of the others are shown in unappropriated surplus. In addition to the direct liabilities indicated above, the Province has guar¬ anteed certain bank credits and debenture issues for the development projects, towns and villages, school districts and others, amounting to $15,882,809. In addition to these guarantees there are other contingent liabilities totalling $4,287,176 and a contingent liability of undetermined amount for the guarantee of the solvency of the Teachers' and Civil Service Superannuation Ponds. A synopsis of these guarantees and other contingent liabilities is as follows. A detailed listing is shown in the Public Accounts beginning on page 111: Guaranteed bank loans and debentures Development Projects Bank loans ....................................................................................$ 4,616,660. Debentures .................................................................................. 90,000. ---------------- $ 4,706,660. Town and Village Improvements Bank loans ....................................................................................$ 898,269. Debentures .................................................................................. 1,797,767. ---------------- $ 2,191,086. School Districts Bank loans ..................................................................................$ 886,009. Debentures .................................................................................... 6,148,472. ---------------- $ 6,988,481. Other Guarantees Bank loans ........................................................................................................ $ 8,001,142. $16,882,809. Other Contingent Liabilities Uncompleted Contracts) New Provincial Office Building $ 464,291. Roads (after deducting estimated recoveries from Canada ) .................... 771,476. $ 1,225,766. Grants to schools for payment of debt charges ($168,081. due within one year) ...................................................... 8,011,410. $ 4,287,176. Before passing on to the finances of the Province for the fiscal year ended March 81, 1967,1 would like to refer Honourable Members to the funded debt opera¬ tions during the fiscal year 1965-66. In this period the Province redeemed $2,960,000. of bonds which matured as follows: