Public Debts in Canada
Public Debts in Canada
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During the year the expenditure on the public debt was $1, 486, 660.^ The condition of Quebec's finances has caused the present government of that province to declare for a policy of rigid economy. Speaking in the legislature on the 26th of November, 1895, the treasurer ^ outlined it in these words: "We must not undertake extraordinary public works, whose cost cannot be met out of the ordinary revenue, without urgent ne cessity. We 1 Public Accounts, Quebec, 1895, p. 14.
2 Ante, p. 43.
3 Budget... speech, Hon. L. 0. Taillon, 1895, p. 31, Statement A.
4 Ibid, p. 18.
5 Ibid. P. 10.
6 Ibid, p. 30.
46 must not ^ant new subsidies for railway enterprises. We must not revive subsidies which are defunct, and we must refuse, as far as public interest will permit, to transfer subsidies already voted from one enterprise to another. The policy which the govern- ment finds itself compelled to follow does not only mean that we must not increase the public debt, and must reduce it each time the occasion presents itself, but it also means that it will be ne- cessary to practise the most rigid economy.
What to read after Public Debts in Canada?
You can find similar books in the "Read Also" column, or choose other free books by J Roy James Roy Perry to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
During the year the expenditure on the public debt was $1, 486, 660.^ The condition of Quebec's finances has caused the present government of that province to declare for a policy of rigid economy. Speaking in the legislature on the 26th of November, 1895, the treasurer ^ outlined it in these words: "We must not undertake extraordinary public works, whose cost cannot be met out of the ordinary revenue, without urgent ne cessity. We 1 Public Accounts, Quebec, 1895, p. 14.
2 Ante, p. 43.
3 Budget... speech, Hon. L. 0. Taillon, 1895, p. 31, Statement A.
4 Ibid, p. 18.
5 Ibid. P. 10.
6 Ibid, p. 30.
46 must not ^ant new subsidies for railway enterprises. We must not revive subsidies which are defunct, and we must refuse, as far as public interest will permit, to transfer subsidies already voted from one enterprise to another. The policy which the govern- ment finds itself compelled to follow does not only mean that we must not increase the public debt, and must reduce it each time the occasion presents itself, but it also means that it will be ne- cessary to practise the most rigid economy.
What to read after Public Debts in Canada?
You can find similar books in the "Read Also" column, or choose other free books by J Roy James Roy Perry to read onlineMoreLess
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