"Surplus For Next Fiscal Year is Anticipated, Not Taking Into Account Relief and Part of Sinking Funds," Prince Rupert Daily News, 10 November 1937, p. 1

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title
"Surplus For Next Fiscal Year is Anticipated, Not Taking Into Account Relief and Part of Sinking Funds," Prince Rupert Daily News, 10 November 1937, p. 1
type
newspaper
date
10 Nov 1937
repository
Prince Rupert Newspaper Archives
url
https://prnewspaperarchives.ca/islandora/object/prdn:60462
seen
transcript
access
public

Canadian Press, Victoria, 10 Nov., read in the page's OCR text (10 Oct 2026): the Minister of Finance, John Hart, "told the Legislature today that he had budgeted for a surplus of $80,182 in the fiscal year beginning next March 31. The budget does not, however, provide for unemployment relief expenditures or complete sinking fund allotments. Estimated revenue for the year is $28,065,341 and expenditures $27,985,158. There will be no increase in taxation. Mr. Hart expressed hope that a large part, if not all, of direct relief costs would be paid out of surplus [?] or provided by current revenues. Capital borrowings, the minister of finance said, would be confined mainly to works projects in connection with unemployment relief." And: "Economic conditions do not permit further municipal aid during the forthcoming fiscal year."

What it shows: relief was left out of the 1938-39 estimates, but the government expected to meet direct relief from current revenue, borrowing mainly for relief works, as Fisher reads the same statement (Robin Fisher, Duff Pattullo of British Columbia (Toronto: University of Toronto Press, 1991): "Dawson City, Yukon" and "The Decline of Reform" (in part), p. 308). See Duff Pattullo, 22nd Premier of British Columbia: what did he get right, and what did he get wrong?.

  1. ---
  2. title: "\"Surplus For Next Fiscal Year is Anticipated, Not Taking Into Account Relief and Part of Sinking Funds,\" Prince Rupert Daily News, 10 November 1937, p. 1"
  3. type: newspaper
  4. date: 10 Nov 1937
  5. repository: Prince Rupert Newspaper Archives
  6. url: "https://prnewspaperarchives.ca/islandora/object/prdn:60462"
  7. seen: transcript
  8. access: public
  9. ---
  10. Canadian Press, Victoria, 10 Nov., read in the page's OCR text (10 Oct 2026): the Minister of Finance, John
  11. Hart, "told the Legislature today that he had budgeted for a surplus of $80,182 in the fiscal year beginning next
  12. March 31. The budget does not, however, provide for unemployment relief expenditures or complete sinking fund
  13. allotments. Estimated revenue for the year is $28,065,341 and expenditures $27,985,158. There will be no increase
  14. in taxation. Mr. Hart expressed hope that a large part, if not all, of direct relief costs would be paid out of
  15. surplus [?] or provided by current revenues. Capital borrowings, the minister of finance said, would be confined
  16. mainly to works projects in connection with unemployment relief." And: "Economic conditions do not permit
  17. further municipal aid during the forthcoming fiscal year."
  18. What it shows: relief was left out of the 1938-39 estimates, but the government expected to meet direct relief
  19. from current revenue, borrowing mainly for relief works, as Fisher reads the same statement
  20. (`book-fisher-1991-duff-pattullo`, p. 308). See `pattullo-premiership`.
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