91 



CANADA, PARLIAMENT OF. 



dant indirect return to the revenue of the coun- 

 try for the expenditure, then there is no cause 

 for alarm, no cause for anxiety. Since confed- 

 eration to the 1st of July last, increased grants 

 have been allowed to provinces to the extent 

 of $30,743,392.69. That would not become a 

 question of controversy, for the good and suffi- 

 cient reason that it was the policy sustained by 

 an overwhelming majority of the members of 

 both sides of this House ; therefore, no excep- 

 tion will be taken to that, but we may fairly 

 deduct that from the increased net indebted- 

 ness because it was not an expenditure, it was 

 a transfer from the provinces to the Dominion. 

 Dominion lands chargeable to capital, to the 

 same date, $2,566,689.36 ; and no person would 

 be found at the present day who would ques- 

 tion that sum as a wise and judicious expendi- 

 ture. Eastern Extension Railway, $1,286,551.- 

 68; the Intercolonial, $31,226,348.15; the 

 canals, $32,132,280.73; the miscellaneous pub- 

 Mc works, in which are included the public 

 and departmental buildings Ottawa, the Esqui- 

 malt Graving Dock, the land and cable tele- 

 graph lina-i, and the harbors at Cape Tormen- 

 tine and Port Arthur, $2,947,723.65 ; the 

 Northwest Territories, cost and organization, 

 $2,920,000; the Pacific Railway, $60,864,- 

 430.61, to which should be added the amount 

 of debt canceled by return of lands, $10,189,- 

 521.33, or in all for the Pacific Railway, $71,- 

 053,951.94; the Prince Edward Island Rail- 

 way, $212,288.27; and the Short Line Rail- 

 way, $184,801.83. In addition various rail- 

 ways have received subsidies, in accordance 

 with the several acts passed by the Dominion 

 Parliament, to the extent of $3,312,494. All 

 these charges, as so far shown, are to the close 

 of the last fiscal year. Since that date and to 

 the first of the present month further sums 

 have been paid for the before-mentioned serv- 

 ices to the extent of $4,706,062.46. The ag- 

 gregate of the several sums just mentioned to 

 the first of May is $183,292,584.76, and the 

 net debt to the same period showed an increase 

 since confederation, as before stated, of $149,- 

 377,319.71. The boldest had felt that, in order 

 to accomplish the gigantic public works that 

 had been accomplished, it might become neces- 

 sary to strain the credit of the country, but felt 

 also that it was imperatively necessary to bring 

 the remotest province into easy and rapid com- 

 munication with the center of the country. But 

 what was the fact? When the Canadian Pa- 

 cific scheme was grappled with, Canada's three- 

 and-a-half-per-cent. securities were selling on 

 the English market at about 90. Now they had 

 changed hands at par. At this moment Cana- 

 da had not a dollar of floating loan, and there 

 was no prospect of any new loan being re- 

 quired for a long period. He had been asked 

 to consider the question of reducing the rate 

 of interest on Government savings-banks de- 

 posits, but had not entertained the proposition 

 because it was desirable to give the working- 

 classes the strongest incentive to save. lie 



submitted diagrams to the House to show the 

 progress of the country since confederation : 



DEPOSITS BY THE PEOPLE IN THE CHARTERED BANKS 



OF CANADA. 

 June 30. 



1868 $32,808,104 



1869 88,823,338 



TS70 50.767,100 



1S71 55,763,067 



1872 68,986,818 



1873 56,547,607 



1874 65,991,047 



1875 58,367,942 



1876 68,320,858 



1*77 63,241,128 



June 30. 



1878 $66.503,757 



1879 63,635,952 



1880 77,891.498 



1881 86,507,571 



1882 99.100,729 



1883 99,364.750 



1884 92.413,313 



1885 99,383,678 



1886 103,583,950 



DEPOSITS IN SAVINGS-BANKS OF CANADA. 



1878 $14,222,074 



1879 14.702,715 



1880 18,237,496 



1881 24,381,202 



1882 81,098,718 



1888 85,lS9,426 



1884 88,003,116 



1885 41,990,776 



1886 45,072,886 



1868 $4.360,692 



1869 5,723.567 



1870 7.591,978 



1871 9,367,941 



1S72 10,526,376 



1^73 12,933.894 



1874 15,101,195 



1875 14.125,477 



1876 18,338,201 



1877 13,391,014 



DISCOUNTS GIVEN BY THE CHARTERED BANKS OF 

 CANADA. 



1868 $50,500.316 1878 . . . . $124,888,552 



1S69 53.572,807 1879 122,502.537 



1870 62,252,569 1880 118,916,970 



1871 88,989,756 I 1881 144.139,875 



1872 107,354,115 1882 177.W1.MIO 



1878 117,64l ! ,219 1883 177.222.569 



1874 188,731.260 1SS4 160,459,1*3 



1875 123,786,038 1885 158,209,174 



1876 128,645,288 1886 165,044,608 



1877 126,169,577 



TOTAL IMPORTS INTO CANADA. 



1868 $78,459,644 



1869 70,415,165 



1870 74,814.889 



1871 96,092.971 



1872 111,430,527 



1873 128,012,281 



1S74 128,213.582 



1875 123.070,283 



1876 98,210,346 



1877 99,329,962 



1878 $03.081,787 



1879 81.964.427 



1880 86.4Mi.74T 



1881 105.330,840 



1882 119,419,5110 



1888 182,254,022 



1884 116,397,043 



1^5 108,941,486 



1886 104,424,561 



TOTAL EXPORTS OF CANADA. 



1368 $57,567,888 



1869 60.474,781 



1870 78.573,490 



1871 74,173,618 



1872 82,639,663 



1873 89,789.922 



1874 89,351,928 



1875 77,886.979 



1876 80.966,435 



1877 75,875,893 



1878 $79.323,667 



1879 71,491,255 



1830 87,911,458 



1831 98,2.90,823 



1882 102,137,203 



1883 98,085,804 



1884 91.406,496 



1886 89,238,361 



1886 85,251,814 



SHIPPING EMPLOYED, NOT INCLUDING COASTING 

 VESSELS. 



Tons register. 



1863 12,982,825 



18(59 10,461,044 



1870 11,415,370 



1871 18,126,028 



1872 12,808,160 



1878 11,748,997 



1874 11,399,857 



1875 9,527,155 



1876 9,911,199 



1877 11,091,244 



Tons register. 



1878 12,054,890 



1879 11,646,812 



1880 18.577.845 



1881 13.802.432 



1882 13,379,882 



1S&3 13,760.735 



1884 14,359,026 



1885 14,084,712 



1886 , 13,969,232 



COASTING TRADE TONNAGE EMPLOYED. 



1876 10.300,939 



1877 8,968.862 



1878 11,047,661 



1S79 12,066,633 



1880 14,053,013 



1881 15,116,766 



1S82 

 18S3 

 1884 

 1SS5 

 1886 



14,791,064 

 15,653,566 

 15,473,707 

 15,944,421 

 16,366,274 



