Tuesday, April 25, 1967

Highways (Maintenance) ........................................ 2,969,266. 3,404,287. 2,818,961. Public Works Administration .............................. 189,324. 208,994. 267,571. Provincial Secretary ................... 230,442. 330,062. 519,776. Tourist Development . V . .. 379,904. 537,054. 611,090. Municipal Affairs ............................................. 546,510. 738,708. 854,259. Provincial Treasurer , ............................... 238,127. 262,680. 301,531. Other Current Expenditures ............................... 766,021. 2,189,404. 1,606,389. Refunds of Revenue ......................................... 61,311. 70,000. 83,400.

$28, 477, 593. $38, 444, 576. 341, 836,040. Revenue Estimates

I wish now, Mr. Speaker, to summarize the anticipated revenues for 1967-68.

The estimated revenue has increased $7,879,862. over that which is forecast for 1966-67.

We expect to receive from Ottawa:

Subsidies ............................................................................ S 657, 000. Tax Collection Agreement ............................................................ 2,921,000. Equalization ., ............................................................................... 14,071,000. Income Tax on Electricity ............................................................... 75,000. Contribution - Education ................................................................ 1,635,000. Shared-Cost Programs ........................................................................ 7,931,721.

Total .............................................................................. $27,290,721. From Provincial sources it is estimated that $14,815,720 will be collected: Taxes ........................................................................................... 3 9,210,000. Licenses. permits and Fees .......................................................... 1,848,520. Liquor Control . . . ......................................................................... 2,460,000. Fines and Penalties ......................................................................... 100,000. Other Revenues and Refunds ........................................................ 1,197,200.

Total ......................................................................... m

Total estimated ordinary revenue for 1967-68 is 342, 106, 441. compared with the forecast for 1966—67 of $34,226, 579. and the actual received in 1965-66 of 330, 433, 275.

The breakdown by source as a % of the whole is as follows:

Actual Forecast Estimate 1965-66 1966-67 1907-03 Federal ................................................. 51% 61% 65% Provincial ............................................ 49 39 35 100% 100% 100%

CAPITAL AND OTHER PAYMENTS

Total capital expenditures are estimated at $9, 851 ,.533 and is made up as follows. ..

Construction of Highways and Bridges ............................................. 8 8,238,858. Fixed and Moveable Assets ........................................................................ 1,477,675. Rural Electrification ...................................................................................... 185,000.

Total .......................................................................................... 3 9,851,533.

The capital receipts for the coming year are estimated at $5,010,450 resulting in a net cost for these capital additions of 84,841,083.

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