HC Deb 08 February 1938 vol 331 c877W
Mr. H. G. Williams

asked the Secretary of State for Dominion Affairs whether he is in a position to make any further statement in respect of the default of the Government of Alberta?

Mr. M. MacDonald

So far as I am aware, no further developments have taken place since the reply which I made to my hon. Friend on 4th December.

Mr. Lyons

asked the Secretary of State for Dominion Affairs whether he can make any further statement on the financial position of the Province of Alberta?

Mr. M. MacDonald

It is understood that the public accounts for the year ending 31st March, 1937, show an actual net surplus on ordinary account of nearly $78,000 but an actual excess of capital expenditure over capital revenue of $2,583,000. According to the interim report of the acting provincial auditor, the figures for the first six months of the present financial year, including expenditure on unemployment relief, show a surplus on ordinary account of $2,664,000 but an excess of capital payments over capital receipts of $2,289,000, resulting in a net cash surplus of $375,000.