Statutes of Canada

An Act for granting to Her Majesty certain sums of money required to defray certain expenses of the public service, for the financial years ending respectively the 30th June, 1869, and the 30th June, 1870, and for other purposes relating to the public service.

MOST GRACIOUS SOVEREIGN:

[Assented to 22nd June, 1869.]

THEREAS it appears by messages from His Excellency Sir Preamble. John Young, Governor General of the Dominion of Canada, and the Estimates accompanying the same, that the sums hereinafter mentioned are required to defray certain expenses of the public service of the Dominion not otherwise provided for, for the financial years ending respectively the thirtieth day of June, one thousand eight hundred and sixty-nine, and the thirtieth day of June, one thousand eight hundred and seventy, and for other purposes connected with the public service: May it therefore please your Majesty, that it may be enacted, and be it enacted by the Queen's Most Excellent Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, that :

Con. Rev.

1. From and out of the Consolidated Revenue Fund of Canada, $380,904.12 there shall and may be applied a sum not exceeding in the whole granted for three hundred and eighty thousand nine hundred and four dollars 1863-9 out of and twelve cents, towards defraying the several charges and expen- Fund of Canases of the public service of the Dominion, from the first day of da. July, in the year of Our Lord one thousand eight hundred and sixty-eight, to the thirtieth day of June, in the year of Our Lord one thousand eight hundred and sixty-nine, not otherwise provided for, and set forth in the Schedule to this Act, and for the other purposes in the said Schedule mentioned.

2. From and out of the Consolidated Revenue Fund of Canada, $14,205,016.68 there shall and may be paid and applied a sum not exceeding in granted for the whole fourteen million two hundred and five thousand and six- of the game teen dollars and sixty-eight cents, towards defraying the several Fund.

charges

1869-70 out

Loan of $1,460,000

authorized to

pay Hudson's

Bay Co. for

Rupert's Land.

charges and expenses of the Public service of the Dominion, from the first day of July, in the year of our Lord, one thousand eight hundred and sixty-nine, to the thirtieth day of June, in the year of our Lord, one thousand eight hundred and seventy, not otherwise provided for, and set forth in the said schedule to this Act, and for the other purposes in the said schedule mentioned.

3. The Governor in Council may authorize the raising of a sum of money, not exceeding three hundred thousand pounds sterling, or one million four hundred and sixty thousand dollars, by way of loan, with the guarantee of the Government of the their rights in United Kingdom, for the purpose of meeting a like sum, payable out of the Consolidated Revenue Fund, to the Hudson's Bay Company, as provided in the proposed agreement with the said Company, laid before the Parliament of Canada, with other documents on the same subject, by His Excellency the Governor General, on the seventeenth of May, in the present year, and embodied in the Address to Her Most Gracious Majesty adopted by the Senate and House of Commons of Canada; And such loan may be raised either in currency or sterling money, on such terms, for such period, in such form, at such rate of interest and with such sinking fund and subject to such conditions as the Governor in Council may think most advisable, with the approval of the Commissioners of Her Majesty's Treasury; and such loan, interest and sinking fund shall be a charge upon the Consolidated Revenue Fund of Canada.

Further loan

for other ex

to the same Territory.

4. The Governor in Council may authorize the raising, by way of $1,460,000 of loan, of a further sum not exceeding in the whole, three hundred penses relative thousand pounds sterling, or one million four hundred and sixty thousand dollars, on the credit of the Dominion of Canada, for the purpose of defraying the expense of opening up communication with and of the settlement and administration of the Government of the North-West Territories; and such loan may be raised either in currency or sterling money, on such terms, for such period, in such form, at such rate of interest, with such sinking fund and subject to such conditions as the Governor in Council may think most advisable; and such loan shall be a charge upon the Consolidated Revenue Fund of Canada.

Recital of

money on credit of Con.

Canada.

5. And whereas it appears by the Public Accounts of the power to raise Dominion laid before Parliament during the present Session, that on the thirtieth day of June, one thousand eight hundred Rev. Fund of and sixty-eight, there remained unborrowed and negotiable, of the sums which the Governor in Council had then by virtue of divers Acts authority to cause to be raised by Loan on the credit of the Consolidated Revenue Fund of Canada, the sum of eight million three hundred and eighty thousand nine hundred and twenty-five dollars and fifty-five cents, exclusive of the balance of the loan authorized for the Intercolonial Railway, the loan for certain works of fortification, the issue of Dominion Stock to Insurance

Insurance Companies under the Act in that behalf, and the balance unissued of the amount of Dominion Notes authorized to be issued under the Acts in that behalf; And whereas since the day last aforesaid, and up to the time of the passing of this Act, Debentures of the Dominion, or for which the Dominion was liable, have been redeemed to the amount of one million five hundred and seventy-three thousand six hundred dollars, making together the sum of nine million nine hundred and fifty-four thousand five hundred and twenty-five dollars and fifty-five cents, for which debentures might be lawfully issued; And whereas it is desirable that the authority to issue such debentures should be cancelled and repealed, and that in lieu thereof the Governor in Council should be authorized to raise by way of loan on the credit of Consolidated Revenue Fund a sum not exceeding seven million dollars, over and above the special loans and issues hereinabove mentioned therefore it is declared and enacted, that the Governor in Council may authorize the raising of the said sum of seven Total amount million dollars, as well as the said special loans and issues men- beyond certain special loans tioned in this section, and the loans authorized by the foregoing and issues, sections of this Act, in such sums either in currency or in sterling limited to $7,money, as he thinks best, and by any of the methods following, the same may or partly by one and partly by another or others of such methods, be raised. that is to say: by the issue, or issue and sale of Dominion Stock, or of Debentures or of Exchequer Bills, or Exchequer Bonds, or by the granting of Terminable Annuities; any of which said securities shall be in such form and be made payable for such sums and bearing such rate of interest and for or redeemable at such periods of time respectively, as the Governor in Council may deem expedient; and such provisions may be made for the creation of a sinking fund for the repayment of the said loans and for the management thereof as the Governor in Council may think proper to make, subject always as respects the loan mentioned in section three, to the approval of the Commissioners of Her Majesty's Treasury; and all sums of money so raised shall form part of the Consolidated Revenue Fund of Canada, out of which the sums mentioned in the foregoing sections and in the said Schedules are made payable as aforesaid.

000,000. How

Council may

6. Provided always, that if at any time the Governor in Council Governor in deems it advisable to change the form of any part of the existing change the Funded Debt by substituting one class of securities for another, form of securi the restriction as to the above total sum of seven million dollars ties without increasing the which by the preceding section may not be exceeded in the debt, &c. financial year ending on the thirtieth day of June, eighteen hundred and seventy, shall not prevent the issue of new securities in place of old ones called in and redeemed, provided neither the capital of the debt nor the annual charge for interest be thereby increased.

7. A detailed account of the sums raised under the authority of Accounting this Act shall be laid before the House of Commons of Canada clause. during the first fifteen days of the then next session of Parliament.

SCHEDULE

SCHEDULE.

SUMS granted to Her Majesty by this Act, for the Financial Year, ending 30th June, 1870, and the purposes for which they are granted.

SERVICE.

CIVIL GOVERNMENT.

The Salaries of the Staff of the several Departments at Ottawa,

The Customs Department.

The Inland Revenue Department..

The Department of Public Works..
The Post Office Department..

The Department of Agriculture..

The Department of Marine and Fisheries.
Departmental Contingencies....

To meet the possible amount beyond the average salaries
voted, which may be required to cover the sums payable
in each individual case, after the final reorganization
of the Civil Service, or any extension of the staff or
other change which such reorganization may require.....