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The Pamphlet Collection of Sir Robert Stout: Volume 47

Finances of the Dominion

Finances of the Dominion.

Receipts and payments of the Dominion of Canada for the fiscal year ending June 30th, 1878.

1877 Revenue. Expenditure. 1878 Revenue. Expenditure. Months. $ $ Months. $ $ July ........... 1,288,407 84 2,073,340 57 January ....... 1,728,776 92 4,087,157 16 August ........ 2,230,320 77 1,140,788 37 February ....... 1,962,368 74 2,919,844 21 September... 2,025,221 63 765,442 86 March ......... 1,503,665 00 719,895 14 October ....... 2,307,025 72 1,933,060 89 April .......... 1,523,273 31 1,780,035 38 November ... 1,985,128 07 1,540,801 72 May .......... 2,001,902 91 1,726,988 27 December ... 1,560,492 34 794,068 96 June .......... 1,651,183 93 786,660 89 21,714,767 18 20,268,064 45 Add for Revenue, short credit, say ............................... 800,000 00 Add to Expenditure for interest paid in London ....................... .................. 3,000,000 00 22,514,767 18 23,268,064 45 Less transferred, May 1st, to railway suspense account.. 251,937 73 Totals ................................................. 22,262,829 45 23,268,064 45

(Compiled from the Canada Gazette.)

The above figures may be subject to slight correction on final revision But they may be accepted as showing the Receipts and Expenditure for the last fiscal year.

page 151
Receipts. Amount. Total.

Statement of Receipts and Payments for the Year Ended June 30th, 1877.

page 152

Payments. Amount. Total.

page 153

The following is a Detailed Comparative Statement of the Total Liabilities of the Dominion of Canada, on July 1st, 1876 and 1877.

Funded and Unfunded Debt—Payable in London. $ cts. $ cts.

page 154

The following is a Detailed Comparative Statement of the Assets of the Dominion of Canada, at July 1st, 1876, and 1877.

Investments. $ cts. $ cts. Sinking Fund, Consolidated Canadian Loan, 5 per cent. 3,665,855 14 3,655,855 14

page 155

Recapitulation. 1876 1877 Total Debt.................................................................. $161,204,687 86 $174,675,834 97 Total Assets.................................................................. 35,653,173 98 41,467,140 52 Net Debt.................................................................. 124,553,493 88 133,208,694 45 Interest on Public Debt............................................... 6,753,171 89 7,132,408 11 Interest on Assets................................................................. 673,955 49 648,680 89 Net Interest...................................................................... 6,079,216 40 6,483,727 22 Average Interest.................................................................. 4 88 4 86

Debt and Interest per capita of Population
Net Debt per capita in 1877 $33 25
Gross Debt per capita 1877 43 50
Net Interest per capita 1 60
Receipts per capita Population
Consolidated Revenue, Fiscal Year 1877, per capita $5 62