The Canadian Budget was introduced on Monday by Mr White,
the Minister of Finance. The revenue for the past year was $136,108,217—that is, over £27,000,000—and he expected that in the coming year it would reach $168,250,000.
The increase of revenue in one year would then almost equal the entire Canadian revenue of twenty years ago. He had devoted
$23,300,000 to the reduction of debt. Mr. White, as we learn from the Ottawa correspondent of the Times, added:- " The fact that I have been able in a period of great financial stringency not only not to have to resort to the congested money markets of the world, but to reduce so substantially the debt of the Dominion, thus diminishing the interest charges and still further enhancing the high standing of our securities, must be a, matter of gratification to the people of Canada."
The total imports during the past year were $691,943,515, and
the exports $393,232,057. Unlike our Protectionists at home, he made light of what is called the "adverse balance" in trade;
explaining that it was due to causes which were making for the development of Canada. Imports from the United Kingdom were $138,652,198, and exports to the United Kingdom were $177,984,002, an increase of forty million dollars. The imports from the United States were $435,783,343, and exports to the United States $150,961,675, an increase of no less than $140,000,000. The duties on cement, type-setting machines, and certain agricultural machines were reduced.
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