University of Toronto Studies; History and Economics Series Volume 1, No. 3

University of Toronto Studies; History and Economics Series Volume 1, No. 3

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1898 edition. Excerpt: ...261,361 3 Railway companies' guarantee deposits...... 1,916,685 4 Railway subsidies under 49-50 Vict. c. 76.... 2,898,247 5 Balance of debts of Q. M. O. & O. railway.. 122,364 1 Quebec Sessional Papers, 1894, State-3 Quebec, 49-50, Vict., chap. 76. ment 2, p. 1. 4 Quebec, 54 Vict., chap. 2. 2 Quebec, 50 Vict. chap. 2. 5 Ibid. 6 Loss on Exchange Bank to be replaced...... $27,000 in sinking fund (45 Vict., c. 21) 7 Amount due Protestant Committee of Instruc-tion......................... 62,961 under J esuits' estates settlement 8 Estimated special expenditure 1890-91...... 912,183 Total............................ ecflem Less cash on hand.................. 525,344 Additional amounts............. $5, 788,030 9 Supplementary estimates specialexpdr 1890-91 115,448 I10 Estimated special expenditure 1891-92...... 558,555 11 Railway subsidies per resolutions(23 Dec. 1890) 2,544,270 12 Railway land subsidies converted into cash per same resolutions................... _ 4, 400,320 The government obtained the necessary authority to borrow $10,000,000 in order to meet this large fioating debt, as well as to pay off railway subsidies and the additional debt likely to result from projected works. In 1891 it negotiated a loan of 20,000,000 francs on the Paris money market; but the circumstances were not favourable, and the government had to confine itself to temporary arrangements, making the loan for two years only. Thus the situation in 1s91 was not promising. In that year the consolidated debt of the province was $25,842,148, while the floating debt amounted in the aggregate to over $8,000,000 To offset this liability of $8,000,000, there was only an Act authorizing a loan of $10,000,000, by virtue of which $4,000,000 had already been...show more

Product details

  • Paperback | 30 pages
  • 189 x 246 x 2mm | 73g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236767438
  • 9781236767431