Open Collections

BC Sessional Papers

PUBLIC ACCOUNTS (ABRIDGED) FISCAL YEAR ENDED MARCH 31, 1968 PERIOD FROM APRIL 1, 1967, TO MARCH 31, 1968 British Columbia. Legislative Assembly 1967

Item Metadata

Download

Media
bcsessional-1.0364469.pdf
Metadata
JSON: bcsessional-1.0364469.json
JSON-LD: bcsessional-1.0364469-ld.json
RDF/XML (Pretty): bcsessional-1.0364469-rdf.xml
RDF/JSON: bcsessional-1.0364469-rdf.json
Turtle: bcsessional-1.0364469-turtle.txt
N-Triples: bcsessional-1.0364469-rdf-ntriples.txt
Original Record: bcsessional-1.0364469-source.json
Full Text
bcsessional-1.0364469-fulltext.txt
Citation
bcsessional-1.0364469.ris

Full Text

 PROVINCE OF BRITISH COLUMBIA
PUBLIC ACCOUNTS
(ABRIDGED)
FISCAL YEAR ENDED MARCH 31, 1968
PERIOD FROM APRIL 1, 1967, TO MARCH 31, 1968
Printed by A. Sutton, Printer to the Queen's Most Excellent Majesty
in right of the Province of British Columbia.
1968
  To Major-General the Honourable George Randolph Pearkes,
V.C., P.C., CC, C.B., D.S.O., M.C, CD.,
Lieutenant-Governor of the Province of British Columbia.
May it please Your Honour:
The undersigned has the honour to present the Public Accounts of the Province
of British Columbia for the fiscal year ended March 31, 1968.
W. A. C. BENNETT,
Minister of Finance.
Department of Finance,
Victoria, B.C., June 12, 1968.
 Victoria, B.C., June 12, 1968.
The Honourable W. A. C. Bennett, P.C., LL.D., DPol.Sc,
Minister of Finance.
Sir,—I have the honour to submit herewith the Public Accounts of the Province of British Columbia for the fiscal year ended March 31, 1968.
Respectfully submitted.
C. J. FERBER, C.A.,
Comptroller-General.
..  ''      :     ■■
 PUBLIC ACCOUNTS,  1967/68 E 5
■
Order of Public Accounts
(ABRIDGED)
Page
Ref. No.
Main Statements:
Statement of Financial Condition as at March 31, 1968     E 6-7
Revenue and Expenditure (Current Account, Summary by Departments) for the
Fiscal Year Ended March 31, 1968    E 8-9
Cash Receipts and Payments (Consolidated Revenue Fund) for the Fiscal Year
Ended March 31, 1968        E 10
Source and Application of Funds for the Fiscal Year Ended March 31, 1968      Ell
Revenue and Expenditure (Current Accounts and Special Project Funds Consolidation) Showing Revenue by Source and Expenditure by Function for the
Fiscal Year Ended March 31, 1968 E 12-15
Supplementary Statements:
Details of Assets, Liabilities, Surplus, and Revenue Surplus Appropriation Accounts E 16-27
Details of Revenue  1 E 28-29
Details of Appropriation and Expenditure E 30-49
Securities Deposited with the Government Pursuant to Various Acts
Financial Statements of Boards, Commissions, and Government Enterprises Not
Otherwise Shown in the Public Accounts:
British Columbia Liquor Control Board
British Columbia Hydro and Power Authority
Land Settlement Board
British Columbia Ferry Authority
Pacific Great Eastern Railway Company
British Columbia School Districts Capital Financing Authority
Workmen's Compensation Board
 E 6
PUBLIC ACCOUNTS, 1967/68
PROVINCE OF
STATEMENT OF FINANCIAL CONDITION
ASSETS
Page
Ref. No.
General:
E 16      Cash on Hand and in Bank..
-, ,, _. (Par value 1968, $157,444,600-
E 16 Investments, at cost jpar value 1967> $126i559>398_
E 16 Accounts and Taxes Receivable	
E 17 Loans and Advances	
E 17      Agreements of Sale, Mortgages Receivable, and Properties Held for Sale	
E 17      Investments in and Advances to Special Project Funds	
E 18      Pacific Great Eastern Railway Company (entire issued
share capital of 905,729 shares) 	
E 18      Fixed Assets	
Total General Assets 	
1968
32,240,479
26,123,128
2,251,233
61,743,769
1967
Comparative
Basis
$20,304,321       $16,513,285
157,408,127
126,559,398
36,803,076
25,092,311
2,463,866
35,274,974
90,572,900 90,572,900
1,076,812,580       933,142,624
$1,467,456,537 $1,266,422,434
Superannuation and Retirement Funds:
E 18-19 Cash in Banks	
f Par value 1968, $141,394,940	
E 18-19 Investments |Par value 1967! $127,110,876	
Total Superannuation and Retirement Funds-
Trust:
E 19      Miscellaneous Cash and Investments	
$797,242
138,722,176
$2,571,230
125,097,110
$139,519,418     $127,668,340
$170,962,744     $156,042,102
$1,777,938,699 $1^50,132,876
 PUBLIC ACCOUNTS,  1967/68
E 7
BRITISH COLUMBIA
AS AT MARCH 31, 1968
1968 1967
page Comparative
Ref. No. Basis
General:
E 19      Bonded Debt       $67,916,500 $67,916,500
E 20     Treasury Bills—Government of Canada, long-term serial          9,431,352 10,343,106
$77,347,852 $78,259,606
E 20             Less sinking funds—
Par value 1968, $78,128,330     77,347,852
Par value 1967, $79,317,896  78,259,606
E 20      Cheques Issued and Outstanding       $23,917,037 $17,549,026
E 21      Trust Deposits          13,355,891 12,484,828
E 21      Accounts Payable          34,251,395 38,220,901
E 21      Special Project Funds—unexpended balances...          64,011,317 37,513,182
E 21      Reserves for Losses on Realization of Assets           3,047,722 3,108,893
E 22      Excess of Assets over Liabilities and Reserves     1,328,873,175 1,157,545,604
Total General Liabilities, Reserves, and Surplus., $1,467,456,537 $1,266,422,434
Superannuation and Retirement Funds:
E 23      Civil Service Superannuation Fund      $119,332,358 $109,173,657
E 23      Retirement Fund          19,293,176 17,655,364
E 23 Members of Legislative Assembly Superannuation Account                  893,884 839,319
Total Superannuation and Retirement Funds      $139,519,418 $127,668,340
Trust:
E 23      Miscellaneous Trust Deposits       $170,962,744 $156,042,102
$1,777,938,699 $1,550,132,876
E 23-24 Contingent Liabilities (net), representing Provincial
guaranteed securities issued and sold in respect of
physical assets and works, not included in the above
assets of the Province  $1,986,454,921 $1,736,265,166
Loans and advances are carried at book value as the amount of ultimate
realization cannot be determined at this date.
No provision is made for commitments under construction contracts in
force at March 31, 1968. Such future construction is chargeable to appropriations in the years in which the work is actually performed.
In my opinion the statement of financial condition is properly drawn up
so as to show the true position of the Province of British Columbia at March
31, 1968, and is in accordance with the books of the Province.
C. J. FERBER,C.A,
Comptroller-General.
 PUBLIC ACCOUNTS, 1967/68
PROVINCE OF
SUMMARY OF REVENUE AND
FOR THE FISCAL YEAR
Page
Ref. No.
E 28
E 28
E 28
E 28
E 29
E 29
E 29
E 29
E 29
E 29
REVENUE
Property Taxes 	
Social Services, Fuel Taxes, etc.	
Personal and Corporation Income Taxes and Succession
Duties 	
Privileges, Licences, and Natural Resources Taxes or
Royalties 	
Sales and Service Fees	
Fines and Penalties	
Interest, Discount, Premium, and Exchange
Contributions from Other Governments	
Contributions from Government Enterprises
Miscellaneous Revenue	
1968
$10,262,177
234,763,745
132,708,827
11,203,979
1,685,686
6,838,674
128,698,607
50,594,476
12,761,007
i967
$11,643,888
220,488,421
220,647,936       173,927,343
139,243,094
10,502,894
1,496,881
5,515,894
109,443,669
44,856,114
10,445,133
$810,165,114    $727,563,331
* Exclusive of Special Funds.   Complete consolidation shown on pages E 12-15.
 PUBLIC ACCOUNTS,  1967/68
E 9
BRITISH COLUMBIA
EXPENDITURE BY DEPARTMENTS*
ENDED MARCH 31, 1968
EXPENDITURE
Page
Ref. No.
E 30
E 30
E 31
E 34
E 34
E 35
E 36
E 38
E 38
E 39
E 39
E 42
E 43
E 43
E 46
E 46
E 46
E 47
E 47
E 48
E 48
Legislation
Premier's Office
Department of Agriculture	
Department of the Attorney-General _
Department of Commercial Transport.
Department of Education	
Department of Finance	
Department of Health Services and Hospital Insurance
Department of Highways	
Department  of  Industrial  Development,   Trade,   and
Commerce	
Department of Labour	
Department of Lands, Forests, and Water Resources	
Department of Mines and Petroleum Resources	
Department of Municipal Affairs	
Department of the Provincial Secretary
Public Utilities Commission	
Department of Public Works	
Department of Recreation and Conservation-
Department of Travel Industry	
Department of Social Welfare	
Ministers without Portfolio	
Net expenditure, including capital charges
Net Revenue over Expenditure, carried to Revenue Surplus
Appropriation Account (page E 22) for the fiscal year ended
March 31, 1968	
1968
$598,125
70,803
7,559,101
22,843,092
734,939
188,519,054
46,267,104
152,520,750
103,843,382
3,372,948
6,046,568
35,595,222
2,757,490
72,204,814
30,089,128
412,810
23,381,903
5,109,653
1,974,951
76,874,345
30,382
1967
$626,628
68,167
7,562,165
20,083,556
704,474
157,608,426
t46,950,331
130,689,418
96,923,698
2,037,352
5,641,632
26,445,650
3,167,587
t64,727,672
31,078,129
388,685
18,420,387
t4,356,073
tl,466,201
72,554,540
9,630
$780,806,564     $691,510,401
29,358,550 36,052,930
$810,165,114    $727,563,331
t 1967 figures adjusted for comparative purposes.
 E 10 PUBLIC ACCOUNTS, 1967/68
PROVINCE OF BRITISH COLUMBIA
CONSOLIDATED REVENUE FUND
Statement of Receipts and Payments for the Fiscal Year
Ended March 31, 1968
NET RECEIPTS
Page
Ref. No.
E 8        Revenue as scheduled in Statement of Revenue and Expenditure  $810,165,114
Decrease in accounts receivable  3,923,455
Increase in cheques issued and outstanding  6,368,011
Increase in trust deposits  871,063
$821,327,643
Cash on hand and in bank at beginning of period, March 31, 1967       16,513,285
$837,840,928
NET PAYMENTS
E 9       Current Account expenditure, as scheduled departmentally in statement of
Revenue and Expenditure  $780,806,564
Increase in investments  30,848,729
Increase in loans and advances  1,911,091
Decrease in accounts payable  3,969,506
Special Project Funds   717
$817,536,607
E 16      Cash on hand and in bank at end of period, March 31, 1968  20,304,321
$837,840,928
 PUBLIC ACCOUNTS. 1967/68 E 11
PROVINCE OF BRITISH COLUMBIA
STATEMENT OF SOURCE AND APPLICATION OF FUNDS FOR THE
FISCAL YEAR ENDED MARCH 31, 1968
SOURCE OF NEW FUNDS:
Provided by excess of revenue over expenditure for the year ended March 31, 1968 (page E 9)— $29,358,550
APPLICATION OF FUNDS:
Applied to increase of loans and advances     $1,911,091
FUNDS RECEIVED IN EXCESS OF FUNDS APPLIED, accounted for by an increase
in current position shown below    27,447,459
$29,358,550 $29,358,550
STATEMENT SHOWING CHANGES IN CURRENT ASSETS AND LIABILITIES
CURRENT ASSETS:
1968             1967 Differences
Cash on hand and in banks   $20,304,321 $16,513,285 $3,791,036 —
Investments 157,408,127 126,559,398 30,848,729 —
Accounts receivable    32,240,479   36,803,076 — $4,562,597
Non-cash adjustments          —                — 639,142 —
Investments in and advances to Special Project Funds    61,743,769   35,274,974 26,468,795 —
Non-cash adjustments            —                 — 30,057 37,000,000
CURRENT LIABILITIES:
Cheques issued and outstanding     23,917,037    17,549,026 — 6,368,011
Trust deposits      13,355,891    12,484,828 — 871,063
Accounts payable     34,251,395    38,220,901 3,969,506 —
Special Project Funds—unexpended balances    64,011,317   37,513,182 — 26,498,135
Non-cash adjustments          —                — 37,000,000 —
$102,747,265    $75,299,806
NET INCREASE IN CURRENT POSITION, to account for funds received in excess
of funds applied as shown above .  — 27,447,459
$102,747,265 $102,747,265
 E 12
PUBLIC ACCOUNTS, 1967/68
PROVINCE OF
REVENUE BY SOURCE
Taxes:
Income tax—corporation and individual-
Property —
Sales:
Pari mutuel betting tax_
Amusements and admissions-
Social services (net)-
STATEMENT OF REVENUE BY SOURCE
1963      1964      1965      1966      1967      1968
—   t$71,172,187 $85,751,394 $119,740,813 $152,043,763 $206,884,631
$7,168,462   7,325,015   8,487,100  9,077,838  11,984,408  10,681,378
1,716,915   1,839,296  2,213,210   2,462,480   2,480,290
Motor-fuel and fuel-oiL
Succession duties	
Insurance premiums	
Sundry	
Federal-Provincial Tax-sharing Arrangements
Act .	
1,422,069
880,641
96,946,532 107,857,034 125,191,148 147,455,605    154,134,763    164,064,708
45,049,248 48,408,938 53,138,517 58,723,045
— §5,161,250 8,112,325 14,991,802
3,046,767 3,144,152 3,558,370 4,111,847
250,114 228,313 269,194 304,185
76,636,000
63,891,178 68,218,747
21,883,580 13,763,305
4,583,141 4,952,707
309,460 360,828
Privileges, Licences, and Permits:
Liquor control and regulation
Motor-vehicle licences and permits-
Natural resources:
Fish and game-
Lands and forests-
Minerals	
Water resources..
571,272
21,116,387
1,695,200
38,425,258
24,404,320
2,141,831
606,172
22,691,112
1,820,065
48,867,874
26,057,794
1,966,518
625,287
24,639,677
1,870,106
56,747,675
34,120,200
2,182,320
666,276
27,512,606
1,992,084
60,847,042
36,269,217
2,281,801
673,931
29,004,505
2,225,127
56,350,928
42,633,793
2,317,493
703,752
29,896,739
2,268,617
52,154,383
38,672,349
2,467,292
Other-
Sales and Services-
Fines and Penalties-
Interest, Discount, Premium, and Exchange-
Contributions prom Other Governments:
Grants-in-aid and shared-cost contributions-
Subsidies ;	
Percentage of power corporation tax ,	
Contributions  from   Government  Enterprises:
Net profit, Liquor Control Board	
Miscellaneous	
3,123,051 3,220,754 3,660,371 5,212,117 3,622,572 3,796,969f-
10,007,477 10,164,379 12,357,119 14,514,231 20,307,204 21,356,404
766,214 955,687 1,093,188 1,359,935 1,477,194 1,685,686
2,115,405 1,741,534 1,280,370 5,207,124 5,515,894 8,295,601
78,227,448 85,073,682 81,304,872 100,531,964 109,049,277 126,857,198
1,672,417 1,672,417 1,672,417 1,672,417 1,672,417 1,672,417
1,090,378 501,351 284,215 436,793 248,128 168,992
30,658,104     32,229,386     34,829,776     41,017,679     44,182,183     49,890,724
358,912 352,795 123,110 88,363 755,870 902,531
Non-revenue Receipts :
Refund of previous year's expenditure-
Repayment of advances	
55,858
117,013
76,759
233,437
135,921
93,625
271,877
138,313
176,368       2,090,689
116,869 159,545
Carried forward-
$447,946,378 $483,245,520 $543,367,593 $656,638,184 $731,622,517 $814,446,482
■ii Consolidation of Current, Capital, and Revenue Surplus Appropriation Accounts, and Special Funds on a gross functional
basis by fiscal years.
t Income Tax Act, 1962, chap. 27, sees. 4 and 5.
t Hospital Construction Aid Tax Act Repeal Act, 1963.
% Succession Duty Act Amendment Act, 1963, chap. 44, sec. 4.
 PUBLIC ACCOUNTS, 1967/68
'     .-    '
E 13
BRITISH COLUMBIA
AND EXPENDITURE BY FUNCTION*
EXPENDITURE BY FUNCTION 1963
General Government:
Administrative:
General-
Employees' benefits	
Construction and maintenance of public
buildings	
Legislative:
Elections  	
Legislative  Assembly  and  Government
House	
Research, planning, and statistics	
$5,978,258
4,082,354
135,883
667.910
150,589
1964
$6,334,296
4,529,104
1965
$6,918,453
4,689,543
1966
$7,089,111
5,124,000
.
1967
$8,296,578
8,494,862
912,855
667,539
161,857
139,182
810,748
173,470
154,091        1,500,034
811,972
207,267
889,457
212,973
1968
$8,757,813
9,316,965
3,130,982       3,925,016       7,166,187       6,467,637       6,356,188       7,314,200
161,502
927,014
243,029
Protection of Persons and Property:
Law enforcement	
Corrections:
Juvenile delinquents	
Other offenders	
Police protection..
rRANSPORTATION AND COMMUNICATIONS:
Highways, roads, and bridges	
Waterways, ferries, docks, and wharves..
Health and Social Welfare:
Health:
Administration	
Public health-
Medical, dental, and allied services-
Hospital care:
General administration	
Provincial Mental Hospitals	
Provincial Tuberculosis Hospitals	
Payments to hospitals	
Provincial Infirmaries and Polio Pavilion
Social welfare:
Aid to aged persons	
Aid to blind persons 	
Social assistance	
Child welfare-
Labour relations, industrial conciliation
and arbitration _
General administration .—	
2,517,920       2,498,233       2,831,375       3,446,915       4,182,464       4,771,991
Registration, regulation, inspection, trusteeship	
1,469,701
5,890,715
2,317,954
1,536,599
6,573,940
2,421,149
1,642,667
7,232,194
2,523,234
1,707,017
8,786,662
3,729,477
1,798,844
9,333,946
4,033,904
2,082,470
9,898,893
4,829,052
3,773,816       4,025,335       4,542,216       5,337,991        5,758,403       6,983,046
•94,662,913 tH8,830,511    {98,678,669     96,624,953     95,824,083     99,875,978
1,752,610       2,097,975       2,879,020       2,154,387       2,307,1?3       4,386,000
1,440,258 1,616,243 1,861,200 2,177,207 2,061,575 \ 2,363,861
7,270,996 7,776,698 8,454,954 9,524,047 9,618,774 <10,565,184
4,982,971        5,446,425       6,529,917       8,159,637      17,961,948    '20,731,949
715,678
15,069,931
1,418,459
61,958,225
840,333
743,858
15,977,613
1,430,484
66,858,104
872,536
782,953
17,261,211
1,358,917
72,172,352
945,827
913,744
20,187,307
1,475,664
79,559,742
1,255,742
1,085,874
21,672,726
1,487,558
97,030,503
627,725
1,220,409
26;387,884
2,286,247
114,917,282
§
17,286,463
611,118
30,439,726
4,382,524
17,885,107
635,934
31,865,352
5,067,750
18,077,130
702,434
32,489,794
5,795,777
19,489,007
695,366
36,930,082
6,811,445
18,122,810
659,068
40,038,701
9,272,113
11,771,940
621,650
46,647,469
13,275,722
475,371
2,088,266
'
517,529
2,267,493
564,328
2,663,469
651,477
2,981,238
3,245,871
3,467,151
3,658,847
3,952,835
575,489
2,247,578
192,328
169,959
582,486
2,082,789
218,366
133,189
752,964
2,165,121
253,849
363,537
2,764,791
2,729,557
302,093
800,000
450,699
2,571,621
2,969,226
389,470
2,500,000
134,867
3,994,257
3,587,888
345,021
250,000
325,601
Recreational and Cultural Services:
Archives, art galleries, museum, and libraries
Parks, beaches, and other recreational areas....
Physical culture __-—-	
Centennial celebrations . __ -
Other- . —-
Carried forward  $278,697,278 $316,492,365 $313,422,692 $339,500,325 $383,906,500 $426,451,999
* Includes $15,585,106 pursuant to Toll Removal Act, 1963, chap. 49, sec. 5.
t Includes $15,439,868 pursuant to Toll Removal Act, 1963, chap. 49, sec. 8, and $17,749,250 pursuant to Toll Removal Act,
1964, chap. 58, sec. 5 (2).
t Includes $17,749,250 pursuant to Toll Removal Act, 1964, chap. 58, sec. 5 (2).
§ Included in aid to aged persons.
 E 14
PUBLIC ACCOUNTS, 1967/68
REVENUE BY SOURCE
Brought forward-
STATEMENT OF REVENUE BY SOURCE AND
1963 1964 1965 1966 1967 1968
$447,946,378 $483,245,520 $543,367,593 $656,638,184 $731,622,517 $814,446,482
TOTAL GROSS REVENUE BY SOURCE $447,946,378 $483,245,520 $543,367,593 $656,638,184 $731,622,517 $814,446,482
Expenditure, Revenue Surplus Account           — 15,439,868 17,749,250          —                  —
Special Project Funds:   Expenditures in excess of revenue .           — 90,786 41,356          —                  —            10,!
4,446,482
0,545,571
$447,946,378 $498,776,174 $561,158,199 $656,638,184 $731,622,517 $824,992,053
 PUBLIC ACCOUNTS, 1967/68 E 15
XPENDITURE BY FUNCTION—Continued
EXPENDITURE BY FUNCTION 1963 1964 1965 1966 1967 1968
Brought forward  $278,697,278 $316,492,365 $313,422,692 $339,500,325 $383,906,500 $426,451,999
Education:
School operated by local authorities:
Grants, operating schools-
Provincial home-owner grants..
Aids and services	
Universities, colleges, vocational, and other
schools	
Education of the handicapped	
Superannuation and pensions	
General administration	
Natural Resources and Primary Industries:
Fish and game	
Forests (including fire suppression)	
Lands—settlement and agriculture	
Minerals and mines	
Water resources	
Other	
Trade and Industrial Development	
Local  Government  Planning  and   Development	
Interest, Other:
Superannuation, Pension, and Trust Funds	
Contributions to Other Governments:
Grants in aid of local government	
Contributions to Government Enterprises:
Subsidy to Toll Highways and Bridges Authority or Ferry Authority	
Other	
British Columbia Ferry Authority  	
Pacific Great Eastern Railway Company	
Other Expenditure:
Civil Defence  __
Housing-
University Endowment Lands..
Flood relief	
Provincial home-acquisition grants	
Provincial home-owner grants	
Sundry .	
Non-expense and Surplus Payments:
Advances	
Loss on sale of investments, sec. 9, Revenue
(Act 
TOTAL GROSS EXPENDITURE BY FUNCTION	
Revenue over expenditure, including capital,
Current Account	
Special Project Funds:    Revenue in excess
of expenditure	
Transfers  to  funds  created  by  Legislative
Authority	
62,432,236
4,804,598
67,184,947
6,574,836
72,199,213
•24,071,124
7,033,208
77,698,951
•29,057,777
13,956,694
88,000,866
•33,073,944
14,289,155
102,099,557
37,341,397
8,497,733
20,902,300
551,035
3,658,316
545,200
25,823,284
1,101,753
3,880,513
578,324
31,700,561
1,402,063
4,110,878
624,444
46,319,746
900.397
4,339,349
681,274
51,852,159
768,905
4,635,407
904,680
73,553,827
835,901
5,020,787
834,608
1,283,421
16,764,884
4,567,675
3,322,872
600.489
495,738
1,457,723
17,751,633
5,218,239
3,212,305
849,469
1,251,200
1,641,545
18,276,805
5,965,566
1,737,629
1,110,018
868,863
2,727,673
23,858,178
7,796,589
2,821,166
1,205,678
1,126,008
1,905,024
23,965,460
11,973,107
3,209,079
1,539,242
674,429
1,918,255
30,400,411
10,552,161
3,079,320
3,411,668
1,803,840
1,344,363
1,444,020
1,595,942
1,812,091
2,713,780
4,405,427
1,958,022
2,634,035
2,411,113
1,094,673
1,679,491
1,863,648
471,976
318,892
278,847
180,416
42,888
41,312
12,846,919
13,347,000
13,405,535
18,923,013
28,073,977
27,752,456
3,048,063
150,000
1,969,086
150,000
968,221
150,000
150,000
41,176,200
25,282,000
150,000
1,000,000
803,400
832,074
295,593
11,581
15,158,812
31,372
763,174
575,991
381,600
121,659,274
194,280
833,843
177,299
386,767
•2,674,570
872,868
787,580
467,860
392,566
•3,228,642
4,408
777,736
2,025,212
384,439
•3,674,883
3,847
725,793
1,365,470
554,540
tll,811,818
4,149,044
8,044
§ II 125,839
\\110,7S8
1181,655
1172,679
252,734
\\845,513
446,425
—
—
—
—
—
$435,898,803 $494,703,155 $507,737,959 $645,416,575 $660,476,944 $758,633,503
11,906,963
4,073,019
53,420,240
10,887,195
36,052,930
29,358,550
140,612
—
—
334,414
92,643
—
—
—
—
—
1135,000,000
1137,000,000
$447,946,378 $498,776,174 $561,158,199 $656,638,184 $731,622,517 $824,992,053
• Provincial Home-owner Grant Act Amendment Act, 1963, increase in grant. Provincial Home-owner Grant Act Amendment Act, 1964, sec. 4, applicable first to local school taxes, balance to other levies.
t Provincial Home-acquisition Grant Act.
% Provincial Home-owner Grant Act Amendment Act, 1963, chap. 35, sec. 6.
§ Repayment of advances under Water Act previously taken to revenue now applied against advances.
II Credit.
U Transfers to funds created by legislative authority: At March 31, 1967—Provincial Home-acquisition Grant Act, $25,000,-
000; Centennial Cultural Fund Act, $5,000,000; Crop Insurance Stabilization Fund Act, $5,000,000; at March 31, 1968—
Provincial Home-acquisition Grant Act, $10,000,000;  Burrard Inlet (Third Crossing) Fund Act, $27,000,000.
 E 16 PUBLIC ACCOUNTS,  1967/68
PROVINCE OF BRITISH COLUMBIA
SCHEDULES TO STATEMENT OF FINANCIAL CONDITION
AS AT MARCH 31, 1968
ASSETS
Cash on Hand and in Bank:
Cash on hand  $2,074
Cash in chartered banks in Canada   20,134,693
Cash in banks in England (converted at $2.60)   84,984
Cash in banks in United States (U.S. dollars)   82,570
$20,304,321
Investments :
Revenue Act, sec. 9 (at cost)       $157,408,127
Par Value
Short-term deposits with chartered banks and trust companies:
Banque Canadienne Nationale   $5,000,000
Canadian Imperial Bank of Commerce   55,000,000
Bank of Montreal       10,000,000
Bank of Nova Scotia   21,000,000
Mercantile Bank of Canada     5,000,000
Toronto-Dominion Bank   10,000,000
Guaranty Trust Company of Canada  15,000,000
Montreal Trust Company    5,000,000
Royal Bank of Canada _.   10,000,000
National Trust Company  15,000,000
Other:
British Columbia Hydro and Power Authority parity bonds
(Province of British Columbia guaranty)   $1,563,100
Pacific Great Eastern Railway Co. parity bonds (Province of
British Columbia guaranty)       3,136,500
British Columbia Hydro and Power Authority bonds (Province of British Columbia guaranty)      1,745,000
$151,000,000
6,444,600
$157,444,600
$157,408,127
Accounts and Taxes Receivable:
Government of Canada:
Shared-cost agreements    $14,880,746
Deposit re postal meter and Air Canada  1,950
$14,882,696
Other Provinces  23,990
British Columbia municipalities:
Social allowances, medical services, and child welfare maintenance   841,848
Sundry   2,847,745
•Other:
Property taxes   $4,482,341
Social services tax  932,020
Insurance premiums tax  305
Logging tax     359,112
Mining tax  39,515
Probate fees and succession duties  1,172,166
Timber royalty and stumpage and grazing fees    4,762,215
Student-aid loans ,  52,995
Teacher-training loans  9,990
Farmers' land-clearing and domestic water assistance    1,829,039
Sundry   4,502
* Not taken into revenue until received.
Record purposes only.
13,644,200
$32,240,479
 PUBLIC ACCOUNTS, 1967/68
E 17
SCHEDULES TO STATEMENT OF FINANCIAL CONDITION
AS AT MARCH 31,  1968—Continued
ASSETS—Continued
Loans and Advances:
British Columbia municipalities:   Corporation of District of Kent
Dyking districts, co-operative associations, and other:
Various dyking districts
Various water and irrigation districts .
Various co-operative associations	
Miscellaneous  	
School districts, library districts, improvement districts, and local areas:
Various school districts 'Public Schools Act, sec. 197 (10))
Various regional library districts (Public Libraries Act, sec. 50 (5))
Various improvement districts (Water Act, sec. 62 (6))	
Miscellaneous	
Boards and Commissions:
Land Settlement Board	
Liquor Control Board 	
Other:
Langford Warehouse Operating Account
Queen's Printer Operating Account	
Textbook Branch 	
University Endowment Lands Administration Account
Miscellaneous	
$1,000
371,400
614,683
68,352
80,000
1,917,284
345,479
1,580,000
55,859
943,254
10,352,048
161,851
344,383
4,393,848
4,184,887
708,800
Note.—The balance-sheet carries the qualifications that the above
assets are carried at book value as the amount of ultimate realization
cannot be determined at this date.
$26,123,128
Agreements of Sale, Mortgages Receivable, and Properties Held for Sale:
Soldiers' Land Act, 1918—Southern Okanagan Lands Project	
•General land sales      _	
* Not taken into revenue until received.
Record purposes only.
$1,733,068
518,165
$2,251,233
Investments in and Advances to Special Project Funds:
Burrard Inlet (Third Crossing) Fund	
Centennial Cultural Fund  	
Conservation Fund (Water Act, R.S.B.C.
Crop Insurance Stabilization Fund
1936)
Provincial Home-acquisition Grant Fund	
Scaling Fund  _ 	
Note.—The above advances are represented as follows:—
Cash in chartered banks in Canada	
Accounts receivable 	
Investments (at cost)
$942,697
288,620
60,512,452
Short-term deposits with chartered banks and trust companies:
Bank of Nova Scotia	
Guaranty Trust Company  .	
Other:
British Columbia Hydro and Power
Authority parity bonds (Province
of British Columbia guaranty)	
Pacific Great Eastern Railway parity
bonds (Province of British Columbia guaranty) 	
British Columbia Hydro and Power
Authority bonds (Province of British Columbia guaranty)
Par Value
$4,000,000
5,000,000
$9,000,000
$39,297,300
1,991,400
$27,000,000
5,038,944
147,522
5,224,039
24,192,166
141,098
British Columbia School Districts Capital Financing Authority bonds
(Province of British Columbia
guaranty) 	
256,000
10,000,000
51,544,700
$60,544,700
$61,743,769
$61,743,769
 E 18
PUBLIC ACCOUNTS, 1967/68
SCHEDULES TO STATEMENT OF FINANCIAL CONDITION
AS AT MARCH 31, 19 6S—Continued
ASSETS—Continued
Pacific Great Eastern Railway Co.:
Par value of 905,729 shares at $100 each
Fixed Assets:
•Highways _ 	
Bridges    	
Wharves   _
tFerries and ferry-landings	
Buildings and furnishings ..
Songhees Reserve, Victoria .
Depreciation
$90,572,900
Gross
Net
$751,160,667
—
$751,160,667
206,156,593
$42,614,768
163,541,825
203,250
203,240
10
64,369,863
2,178,452
62,191,411
139,513,441
40,368,464
99,144,977
773,690
—
773,690
• Placed on the books March 31, 1926, by order of the Treasury
Board, based on mileage classification and average value determined
by the then Department of Public Works, plus additions to date.
t Includes assets of British Columbia Ferry Authority totalling
$56,122,841 (at cost) transferred to Province of British Columbia in
accordance with the British Columbia Ferry Authority (Vesting) Act,
1968.
Superannuation and Retirement Funds :
Superannuation Fund:
Cash in chartered banks in Canada .
$1,162,177,504   $85,364,924
Investments—bonds, debentures, and demand notes at book value
$1,076,812,580
$594,385
118,737,973
Government of Canada
Province of British Columbia .
Province of Ontario	
Province of Quebec	
Manitoba Hydro-electric  Power Commission   (Province   of  Manitoba
guaranty) ,	
Quebec Hydro-electric Commission (Province of Quebec guaranty)	
British Columbia Hydro and Power Authority (Province of British Columbia guaranty) 	
British Columbia Ferry Authority (Province of British Columbia guaranty)  	
British Columbia School Districts Capital Financing Authority (Province of British Columbia guaranty)	
Pacific Great Eastern Railway Co. (Province of British Columbia guaranty)  	
British Columbia municipalities (Province of British Columbia guaranty)
British Columbia improvement districts (Province of Briitsh Columbia
guaranty)	
British Columbia school districts (Province of British Columbia guaranty)  	
Par Value
$1,000
1,292,000
100,000
170,000
2,000
110,000
58,048,500
15,655,000
6,710,300
4,309,000
11,424,140
6,757,500
16,326,500
$120,905,940
Carried forward
$119,332,358
 PUBLIC ACCOUNTS, 1967/68
E 19
SCHEDULES TO STATEMENT OF FINANCIAL CONDITION
AS AT MARCH 31, 1968—Continued
ASSETS—Continued
Brought forward   _ 	
Superannuation and Retirement Funds—Continued
Retirement Fund:
Cash in chartered banks in Canada — 	
Investments—bonds, debentures, and demand notes at book value
Province of British Columbia 	
Province of Ontario 	
Province of Quebec
British Columbia Hydro and Power Authority (Province of British Columbia guaranty)  	
British Columbia School Districts Capital Financing Authority (Province of British Columbia guaranty)   	
Pacific Great Eastern Railway Co. (Province of British Columbia guaranty)   	
British Columbia municipalities (Province of British Columbia guaranty)
British Columbia improvement districts (Province of British Columbia
guaranty)     	
British Columbia school districts (Province of British Columbia guaranty)
Members of the Legislative Assembly Superannuation Account:
Cash in chartered banks in Canada  	
Par Value
$28,000
5,000
9,000
10,835,500
1,340,000
97,000
1,121,000
1,366,300
4,809,800
$19,611,600
Investments—bonds and debentures at book value
Province of Ontario
British Columbia improvement district (Province of British Columbia
guaranty)     	
British Columbia Hydro and Power Authority (Province of British Columbia guaranty)    	
British Columbia school districts (Province of British Columbia guaranty       	
British Columbia School Districts Capital Financing Authority (Province of British Columbia guaranty) _ _   _	
Par Value
$100,000
46,000
541,000
100,400
90,000
$877,400
$119,332,358
155,507
19,137,669
47,350
846,534
Trust:
Cash in chartered banks in Canada  _.   _ _	
Investments:
Direct or guaranteed obligations of the Government of Canada or the Provinces (par
value, $174,270,250)      	
10,000 shares of Bank of British Columbia     	
$139,519,418
$1,269,641
169,447,327
245,776
Note.-—The above section is grouped for convenience.    Each individual trust is kept as a
separate entity for administration purposes.
$170,962,744
LIABILITIES
Bonded Debt:  Debentures (for details as to terms of issue, etc.,
see pages E 26-27):
Payable in Canada in Canadian dollars:
2% per cent debentures, Series JB	
2% per cent debentures, Series HZ	
3 per cent debentures, Series JN	
3 per cent debentures, Series JS	
3 per cent debentures, Series JT	
3 per cent debentures, Series JV	
Date of
Issue
June 15, 1947
June 15, 1947
Nov. 15, 1948
Dec. 15, 1949
Dec. 15, 1949
June 15, 1950
B. Payable in Canada in Canadian dollars or
in New York in U.S. dollars at option
of holder:
4V_ per cent debentures, Series FO      Jan.  23,
3% per cent debentures, Series KF _    Feb.  15,
1929
1952
C. Payable in New York in U.S. dollars:
3V_ per cent debentures, Series KD  Aug. 15, 1951
Carried forward 	
Date of
Maturity
June 15, 1968
June 15, 1968
Nov. 15, 1973
Dec. 15, 1969
Dec. 15, 1969
June 15, 1968
Principal
Amount
Outstanding
March 31, 1968
$492,000
2,357,500
2,000,000
8,105,000
1,218,000
7,319,000
$21,491,500
Jan. 23, 1969   $6,286,000
Feb. 15, 1977   22,500,000
$28,786,000
Aug. 15, 1976  $17,639,000
  $67,916,500
 E 20
PUBLIC ACCOUNTS, 1967/68
SCHEDULES TO STATEMENT OF FINANCIAL CONDITION
AS AT MARCH 31, 1968—Continued
LIABILITIES—C ont in ued
Brought forward
Treasury Bills:
Government of Canada long-term serial:
Series RA-D21-30, interest free, 1968-77	
Series RA-D51-60, interest 2% per cent, 1968-77	
Sinking Funds (Deducted from Debt) :
Cash in chartered banks in Canada	
Investments—bonds and debentures (adjusted book value)
Railway companies (Government of Canada guaranty)
Province of British Columbia	
Province of Manitoba	
Province of Quebec   	
Province of Ontario 	
British Columbia Hydro and Power Authority bonds and debentures (Province of British Columbia guaranty)	
Pacific Great Eastern Railway Company bonds and debentures
(Province of British Columbia guaranty)	
Ontario Hydro-electric Power Commission (Province of Ontario
guaranty)   	
Manitoba Hydro-electric Power Commission (Province of Manitoba guaranty)	
Quebec Hydro-electric Commission (Province of Quebec guaranty)   	
University of Toronto (Province of Ontario guaranty)	
Montreal-Laurentian  Autoroute  Board   (Province  of   Quebec
guaranty)   	
Net direct debt
$67,916,500
$2,780,730
6,650,622
Par Value
$80,000
10,691,000
23,331,352
179,000
48,000
26,092,200
129,100
1,999,500
3,400,000
330,000
6,818,000
5,030,000
$78,128,152
Reconciliation:
Sinking fund balance, April 1, 1967 _   -
Add—
Adjustment in respect to provision for future interest requirements	
Interest earnings	
9,431,352
$178
77,347,674
$77,347,852
77,347,852
Nil
Less—
Redemptions
$78,259,606
122,445
2,562,003
$80,944,054
$911,754
Interest paid on Provincial securities outstanding, 1967/68      2,684,448
3,596,202
$77,347,852
Notes.—(1) The above sinking fund includes "Sinking Fund for the Sinking Fund Debentures due 1977," $22,034,827, pursuant to subsection 1 (e) of section 45 of the Revenue Act,
chapter 341, R.S.B.C. 1960.
(2) The excess of sinking fund cash and investments at par value over requirements includes
provision of $557,920 for future interest requirements.
Cheques Issued and Outstanding:
Cheques issued and outstanding at March 31, 1968	
$23,917,037
 PUBLIC ACCOUNTS,  1967/68
E 21
SCHEDULES TO STATEMENT OF FINANCIAL CONDITION
AS AT MARCH 31, 1968—Continued
LIABILITIES—Continued
Trust Deposits:
Boys' Industrial School Inmates' Trust Account   	
Contractors' deposits   	
Cemetery Tax Fund	
Companies in liquidation
Crop Insurance Fund	
Intestate estate deposits .
Municipalities Enabling and Validating Act
Official Committee	
Official Guardian deposits	
Patients' Trust Accounts, Provincial Mental Hospitals
Provincial Home Trust Account	
Provincial Auxiliary Hospitals Trust Account
Timber-sale deposits	
Sundry trust accounts 	
Accounts Payable:
General current accounts
Suspense accounts—permit and licence applications
Suspense accounts—miscellaneous	
Suspense accounts—British Columbia Hydro and Power Authority Bond Deposit Accounts-
Suspense accounts—right-of-way compensation	
Municipal Vehicle Licence Account	
Unclaimed cheques and miscellaneous balances	
Retention on construction contracts pending final certificates of completion .
Special Project Funds—Unexpended Balances:
Beef Cattle Producers' Assistance Fund 	
Burrard Inlet (Third Crossing) Fund	
Centennial Cultural Fund	
Crop Insurance Stabilization Fund
Dairy Producers' Protection Fund
Dog Tax Fund	
Grazing Range Improvement Fund .
Pound District Act	
Provincial Home-acquisition Grant Fund	
University Endowment Lands Administration Account .
Reserves for Losses on Realization of Assets:
Agreements of sale, mortgages receivable, and properties held for sale:
Soldiers' Land Act, 1918—Southern Okanagan Lands Project —
Loans and advances:
Various dyking districts	
Land Settlement Board	
$695
147,289
76,755
141,355
272,884
5,481,372
9,097
4,680,383
226,953
230,759
26,994
83,801
1,965,118
12,436
$13,355,891
$28,234,847
1,064,844
1,494,871
491,241
142,234
377,441
269,233
2,176,684
$34,251,395
$116,191
27,000,000
5,039,297
5,224,039
62,664
15,332
1,930
117
24,192,166
2,359,581
$64,011,317
$1,733,068
371,400
943,254
$3,047,722
 E 22
PUBLIC ACCOUNTS, 1967/68
SCHEDULES TO STATEMENT OF FINANCIAL CONDITION
AS AT MARCH 31, 1968—Continued
LIABILITIES—Contin ued
Excess of Assets over Liabilities and Reserves :
Arising from Capitalization of Assets
1967
Mar. 31. By balance   	
1968
Mar. 31. By capital  expenditure  out  of  current  appropriations,  now  charged  to
asset accounts:
Buildings and furnishings $18,833,382
Highways, bridges, and ferries 132,888,374
$1,045,673,380
By adjustment in excess reserves:
Southern Okanagan Lands Project .
To expenditure chargeable to asset accounts, decrease in:
Advances under Water Act	
Less increases in—
Advances   under   Public   Libraries   Act,   sec.
50 (5) . $114,405
Advances under Public Schools Act, sec. 197
(10) 117,284
Sundry advances    112,638
$1,112,758
344,327
To decrease in accounts receivable:
Insurance premiums tax	
Land sales	
Mining tax
Social services tax	
Timber royalty and stumpage .
Student-aid loans	
Teacher-training loans	
Sundry accounts receivable
$23,655
171,010
240,972
17,381
1,035,917
7,919
519
2,334
$1,499,707
Less increases—
Farmers'   land-clearing   and   domestic   water
assistance
Logging tax
Probate and succession duties and fees
Property taxes	
$192,384
79,605
269,517
148,049
To refunds of recoverable expenditures  credited  to  asset  accounts:
Advances to Conservation Fund	
Advances under Canada-British Columbia Potato-warehouse
Assistance Act .	
Irrigation Assistance Loan Act	
Soldiers' Land Act, 1918—Southern Okanagan Lands Project
Sundry advances 	
689,555
$6,859
4,149
24,340
41,623
63,804
To depriciation:
Bridges
Ferries and ferry-landings	
Provincial buildings and furnishings .
$5,184,050
197,228
2,670,522
To write-offs authorized by Order in Council:
Conservation Fund, No. 992/68	
Surplus arising from capitalization of assets	
Arising from Revenue Sources
151,721,756
41,623
$1,197,436,759
$768,431
810,152
140,775
i,051,80O
23,198
$111,872,222
9,794,356
$1,187,642,403
1967
Mar. 31. By balance	
1968
Mar. 31. Add excess of revenue over expenditure for the fiscal year ended March 31,
1968 29,358,550
Revenue surplus
Total excess of assets over liabilities and reserves as at March 31, 1968 .
141,230,772
$1,328,873,175
 PUBLIC ACCOUNTS, 1967/68 E 23
SCHEDULES TO STATEMENT OF FINANCIAL CONDITION
AS AT MARCH 31, 1968—Continued
LIABILITIES—Continued
Superannuation and Retirement Funds:
Civil Service Superannuation Fund         $119,332,358
Retirement Fund         19,293,176
Members of Legislative Assembly Superannuation Account   893,884
$139,519,418
Trust:
British Columbia Medical Grant Stabilization Fund  $308,894
British Columbia Hydro and Power Authority Sinking Funds  61,033,181
British Columbia Ferry Authority Sinking Fund    69,893,767
British Columbia School District Capital Financing Authority Sinking Fund  2,991,795
British Columbia World Relief Fund .  53,609
Bond Redemption Accounts  27,441
Burnaby, District of, Sinking Fund Accounts  216,711
Coupon Interest Account  33,186
Dyking District Renewal Accounts  62,936
Greater Vancouver Sewerage and Drainage District Sinking Fund Accounts  6,374,391
Improvement District Sinking Fund Accounts  821,197
Land Registry Assurance Fund  492,134
Pacific Great Eastern Railway Sinking Fund  18,680,377
Port Moody, City of, Sinking Fund Accounts  24,159
Queensborough Bridge Account  3,311,923
Suitors' funds deposits  5,723,576
Workmen's Compensation Board—Accident Fund bank account  913,467
$170,962,744
Contingent Liabilities:
In addition to direct liabilities of the Province, the following securities as to both principal and interest have
been guaranteed by the Province:—
Outstanding Sinking Fund   Outstanding
Guarantees (Gross)       Investments (Net)
Municipalities and other local governments:
(1) Guarantees authorized pursuant to British Columbia School
Districts Capital Financing Authority Act:  Debentures      $196,685,000
Less sinking funds (investments at par value plus accrued
interest)      — $3,101,943     $193,583,057
(2) Guarantees authorized pursuant to the Public
Schools   Construction   Act,   1953,   and   Public
Schools Act (repayable serially) ._ _ $295,758,900
Less held by British Columbia School Districts Capital Financing Authority    196,685,000
99,073,900 — 99,073,900
(3) Guarantees authorized pursuant to sec. 5, Municipal Improvements Assistance Enabling Act, 1938 (amortized in annual
instalments)      10,170 — 10,170
(4) Guarantees authorized pursuant to sec. 3, Municipalities Assistance Act (principally serials)   _          67,126,630
Less sinking funds (investments at par value plus accrued
interest)      — 233,901 66,892,729
(5) Guarantees authorized pursuant to sec. 3, Village Municipalities Assistance Act (repayable serially)    3,798,900 — 3,798,900
(6) Guarantees authorized pursuant to sec. 12, Improvement Districts Assistance Loan Act: Debentures (principally serials)-        19,577,500
Less sinking funds (investments at par value plus accrued
interest)    — 910,842        18,666,658
(7) Guarantees authorized pursuant to sec. 5, Distress Areas Assistance Act   100,042 — 100,042
(8) Greater Vancouver Sewerage and Drainage District debentures (some serials)          24,323,000
Less sinking funds (investments at par value plus accrued
interest)    — 6,680,981 17,642,019
Sub-total, municipalities and local governments     $410,695,142   $10,927,667    $399,767,475
 E 24
PUBLIC ACCOUNTS, 1967/68
SCHEDULES TO STATEMENT OF FINANCIAL CONDITION
AS AT MARCH 31, 1968—Continued
LIABILITIES—Continued
Contingent Liabilities—Continue-!
Guarantees
University education:
(9) Guarantees authorized pursuant to sec. 47, British Columbia
University Act, re Student Aid Loan Fund	
Outstanding Sinking Fund   Outstanding
(Gross)       Investments (Net)
$181,578 —
$181,578
Crown agencies:
(10) Guarantees authorized pursuant to sec. 46, British Columbia
Hydro and Power Authority Act, 1964:
Bonds and debentures—funded . $1,297,092,556
Less  sinking  funds   (investments  at  book  value  plus
accrued interest)  — $61,859,331 $1,235,233,225
Parity bonds—unfunded       202,020,000 — 202,020,000
$1,499,112,556   $61,859,331 $1,437,253,225
(11) Guarantees authorized pursuant to sec. 17, Pacific Great Eastern Construction Loan Act, 1954:
Bonds and debentures—funded	
Less sinking funds (investments at par value plus accrued
interest)  	
Parity bonds—unfunded	
$118,648,000
— $19,900,357      $98,747,643
50,505,000 — 50,505,000
$169,153,000   $19,900,357     $149,252,643
(12) Guarantees authorized pursuant to sec. 28, British Columbia
Ferry Authority Act:
Bonds and debentures—funded	
Less sinking funds (at adjusted book value)  (par value
plus accrued interest, $72,000,572)	
$66,322,000
$66,322,000
Sub-total, Crown agencies
Grand total, all contingent liabilities
$1,734,587,556 $148,081,688 $1,586,505,868
$2,145,464,276 $159,009,355 $1,986,454,921
  E 26
PUBLIC ACCOUNTS, 1967/68
PROVINCE OF
f Statement of Debentures and Treasury Bills
Maturity
Date of Issue
Rate
%
Nature
Series
Amount
Outstanding
Interest
Payable
June 15,
June 15,
June 15,
Jan.   23,
Dec. 15,
Dec. 15,
Nov. 15,
Aug. 15,
Feb.  15,
1968
1968
1968
1969
1969
1969
1973
1976
1977
1968-77
1968-77
June 15, 1947
June 15, 1947
June 15, 1950
Jan. 23, 1929
Dec. 15, 1949
Dec. 15, 1949
Nov. 15, 1948
Aug. 15, 1951
Feb. 15, 1952
July    1, 1947
July    1, 1947
Total Treas
Grand tota
2%            Debentures
2%             Debentures
3               Debentures
AVi            Debentures
3                Debentures
3                Debentures
3                Debentures
3V_             Debentures
3%            Debentures
Total Debe
Treasury Bills
2%          Treasury Bills
ury Bills to Government of C.
	
HZ
JB
JV
FO
JS
JT
JN
KD
KF
$2,357,500
492,000
7,319,000
6,286,000
8,105,000
1,218,000
2,000,000
17,639,000
22,500,000
15 J&D
15 J&D
15 J&D
23 J&J
15 J&D
15 J&D
15M&N
15F&A
15F&A
$67,916,500
RA-D-21-30
RA-D-51-60
nada -	
July     1,
July     1,
$2,780,730
6,650,622
$9,431,352
$77,347,852
77,347,852
Net debt-
Nil
i Par value, $78,128,330.
G.—In gold. L.M.—In lawful money. C.B.C.—At the Canadian Imperial Bank of Commerce. V.—Victoria.
Vr.—Vancouver. E.—Edmonton. C—Calgary. R.—Regina. W.—Winnipeg. T.—Toronto. O.—Ottawa.
M.—Montreal. Q.—Quebec. StJ.—Saint John. H.—Halifax. StJ's.—St. John's, Newfoundland. N.Y.—New
York, U.S.A.
 PUBLIC ACCOUNTS, 1967/68
BRITISH COLUMBIA
Outstanding and Unpaid as at March 31, 1968
E 27
Place and Manner of Payment
Term,
Years
Denomination
Authority
L.M.—C.B.C.—V., Vr., W., T., or M.
L.M.—C.B.C.—V., Vr., W., T., or M.
L.M.—C.B.C.—V., Vr., E., C, R., W., T.,
M., Q., StJ., H., or Stf's.
G.—C.B.C.—V., Vr., T., M., or N.Y.
L.M.—C.B.C.—V., Vr., W., T., or M.
L.M.—C.B.C.—V., Vr., W., T., or M.
L.M.—C.B.C.—V., Vr., W., T., or M.
L.M.—C.B.C.—N.Y.
L.M.—C.B.C.—V., Vr., W., T., M., or
N.Y.
L.M.—C.B.C.—O.
L.M.—C.B.C.—O.
21
21
18
40
20
20
25
10-25
10-25
•500, 1,000
•1,000
•500, 1,000
•1,000
•500, 1,000
•500, 1,000
•1,000
$*1,000
§•1,000
Electric Power Act, 1945—O.C. 1087.
Electric Power Act, 1945—O.C. 1381.
Revenue Act, R.S.B.C. 1948—O.C. 1253.
Revenue Act, R.S.B.C. 1924—O.C. 83.
Revenue Act, R.S.B.C. 1948—O.C. 2682.
Revenue Act, R.S.B.C. 1948—O.C. 258.
Revenue Act, R.S.B.C. 1936—O.C. 2649.
Revenue Act, R.S.B.C. 1948, and Highway Development Act—O.C. 1937.
Revenue Act, R.S.B.C. 1948, and Electric
Power Act—O.C. 332.
* Debentures may be obtained in fully registered form.
t Exclusive of matured securities, not presented for redemption, covered by earmarked deposits,
j Callable in whole or in part by lot.
§ Callable as a whole at the following prices plus accrued interest: 10114 per cent if redeemed on or before
February 14, 1970; 100% per cent if redeemed thereafter and on or before February 14, 1974; 100 per cent if
redeemed after February 14, 1974. This series is also redeemable in part, at par, for sinking fund purposes only,
by lot, on August 15th, annually.
G. S. BRYSON,
Deputy Minister of Finance.
 E 28
PUBLIC ACCOUNTS, 1967/68
PROVINCE OF BRITISH COLUMBIA
DETAILS OF REVENUE FOR THE FISCAL YEAR ENDED MARCH 31, 1968
Estimated
SERVICE
Received
$350,000
5,750,000
Property Taxes
Land Taxes, General:
$353,880
5,893,001
277,631
87,381
$6,611,893
3,650,284
300,000
Wild lands
90,000
Land Taxes, Forest:
675,000
1,250,000
450,000
2,250,000
550,000
$584,988
1,265,402
401,806
814,389
583,699
F. A N   Railway ttrlr Tmid Trrr Arf
$11,665,000
$10,262,177
Social Services, Fuel Taxes, Etc.
Pari miitn. 1 hetting tav
$2,480,290
164,064,708
61,185,216
4,362,566
2,670,965
$2,500,000
150,000,000
57,000,000
4,500,000
Motiv<?-fiifil use tax
2,400,000
Fnel-oi1 tflx
Total, Social Services, Fuel Taxes, Etc.
$216,400,000
234,763,745
$55,000,000
123,000,000
Personal and Corporation Income Taxes and
Succession Duties
$64,032,614
142,852,018
13,763,304
15,500,000
Total, Personal and Corporation Income Taxes
$193,500,000
220,647,936
Privileges, Licences, and Natural Resources
Taxes or Royalties
Motor-vehicle Licences and Permits:
$16,470,263
13,007,109
419,368
$29,896,740
2,247,586
49,156,822
38,672,349
2,467,291
$29,000,000
Natural Resources:
2,200,000
145,000
1,500,000
6,200,000
125,000
600,000
3,000,000
43,500,000
Lands and Forests:
$355,052
2,015,406
7,988,183
102,216
897,696
3,214,893
34,583,376
Minerals:
300,000
34,000,000
150,000
825,000
4,600,000
85,000
$155,817
33,999,734
179,551
1,006,525
3,262,647
68,075
Coal, petroleum, and natural-gas leases and fees	
Unworked Crown-granted mineral claims—.	
Water Resources:
2,300,000
 PUBLIC ACCOUNTS, 1967/68
E 29
DETAILS OF REVENUE FOR THE FISCAL YEAR ENDED MARCH 31,  1968-
Continued
Estimated
SERVICE
Received
$125,000
Privileges, Licences, and Natural Resources
Taxes or Royalties—Continued
Other:
$147,112
207,216
931,659
681,268
367,936
21,032
137,527
128,227
4,952,707
932,663
70,035
52,094
88,486
404,120
36,305
167,783
59,971
881,898
$10,268,039
140,000
1,000,000
550,000
280,000
20,000
Fire Marshal Act—Fees, etc—   	
130,000
150,000
4,500,000
800,000
60,000
50,000
70,000
300,000
Municipal licences, regulated areas, etc.. . .
35,000
Kent F.stnte Art
125,000
60,000
1,000,000
Total, Privileges, Licences, and Natural Re-
$137,925,000
$132,708,827
Sales and Service Fees
Sales:
$939,024
146,961
$1,085,985
10,117,994
$1,150,000
135,000
Services:
90,000
$99,216
462,140
4,598,345
285,338
144,093
4,528,862
400,000
3,800,000
250,000
125,000
3,000,000
$8,950,000
11,203,979
Fines and Penalties
$1,300,000
1,685,686
Interest, Discount, Premium, and Exchange
$5,000,000
6,838,674
Contributions from Other Governments
$1,672,417
168,992
119,865,463
$1,760,000
125,000
105,000,000
Canada share of joint service programmes in lieu of
$106,885,000
6,500,000
$121,706,872
6,513,893
477,842
275,000
Total, Contributions from Other Governments
Contributions from Government Enterprises
Net profit, Government Liquor Board (including per-
$113,660,000
128,698,607
$43,000,000
50,594,476
Miscellaneous
$4,859,572
7,901,435
$2,600,000
6,000,000
$8,600,000
12,761,007
$740,000,000
$810,165,114
 E 30
PUBLIC ACCOUNTS, 1967/68
PROVINCE OF BRITISH COLUMBIA
Appropriation and Expenditure
Summary Showing Amounts Appropriated, Expended, Unexpended, and Overexpended
for the Fiscal Year Ended March 31, 1968
No.
of                                      SERVICE
Vote
1        Total
Appropriation
Expended
Unexpended
Over-
expended
CURRENT ACCOUNT
1   Legislation:
$605,684
$598,125
$7,559
Premier's Office
2   Premier's Office:
$79,237
$70,803
$8,434
Department of Agriculture
3   Minister's Office:
$33,076
$32,596
$480
4   General Administration:
128,322
132,801
$4,479
4,442
5   Markets and Statistics Branch:
104,348
108,790
6   Horticultural Branch:
219,406
212,283
7,123
7   Plant Pathology Branch:
36,484
35,864
620
8   Entomology Branch:
63,728
67,236
3,508
9   Apiary Branch:
30,577
30,512
65
10   Live Stock Branch:
627,986
192,342
564,623
193,686
63,363
11   Dairy Branch:
1,344
12   Poultry Branch:
110,364
79,300
12,420
110,238
86,059
11,984
126
13   Field Crops and Seed Improvement Branch:
6,759
14   Farmers' Institutes:
436
15   Women's Institutes:
12,000
12,000
16   Soil Survey Branch:
Main Estimates 	
149,675
120,724
28,951
17   Agricultural Development and Extension Branch:
312,179
95,154
313,538
77,224
66,640
1,359
18   Agricultural Engineering Branch:
17,930
2,724
19   4-H Clubs:
Main Estimates
69,364
1
 PUBLIC ACCOUNTS, 1967/68
E 31
No.
of                                     SERVICE
Vote
Total
Appropriation
Expended
Unexpended
Over-
expended
CURRENT ACCOUNT—Continued
Department of Agriculture—Continued
20   Milk Board:
$89,806
97,000
25,000
73,000
10,000
125,000
22,000
20
100,000
700,000
750
37,000
1,200
70,000
$81,193
138,775
20,921
72,954
4,413
113,025
10,011
$8,613
21   Temporary Assistance:
$41,775
22   Motor-vehicles and Accessories:
4,079
46
5,587
11,975
11,989
20
23   Grants and Subsidies:
24   Rebates on Stumping-powder:
25   Subsidies on Agricultural Lime:
26   Farm Labour Service:
27   Farms:
Main Estimates 	
28   Crop Insurance:
103,938
593,849
235
5,530
44
76,138
3,938
29   Farmers' Land-clearing and Domestic Water Assistance:
106,151
515
31,470
1,156
30   Pound District Act:
31   Grasshopper-control Act:
Main Estimates  _	
32   Natural Products Marketing (B.C.) Act:
Main Estimates.	
33   Pest Control:
6,138
34   Aid in Construction of Storage Facilities, Farm
Commodities:
Main F.sfimatps
16,000
35   Agricultural Rehabilitation and Development
Act:
Main Estimates  $3,600,000
3,980,589
12,108
6,234
25,000
30,250
200,000
1,000
3,980,589
12,108
6,234
23,973
30,250
108,123
Statutory       380,589
Statutory:
British Columbia Crop Insurance Act	
Special Warrants:
Nos. 1 and 37.   Freight assistance programme on
grain produced and shipped by rail from Creston-
Wynndel area  _	
1,027
No. 2.   Building grants to agricultural exhibitions
No. 6.  Joint Federal-Provincial tree-fruit and grape
assistance programme - ~    .
91,877
1,000
No. 36.  Grant to assist in the erection of fair and
activity building for the Lumby Agricultural Society	
$7,898,682
$7,559,101
$413,323
$73,742
 E 32
PUBLIC ACCOUNTS, 1967/68
No.
of
Vote
SERVICE
Total
Appropriation
Expended
Unexpended
Over-
expended
CURRENT ACCOUNT—Continued
Department of the Attorney-General
Administration
36   Attorney-General's Office:
Main Estimates	
37   General Administration:
Main Estimates	
38   Incidentals and Contingencies:
Main Estimates	
Justice and Courts
39   Supreme and County Courts:
Main Estimates	
40   Administration of Justice:
Main Estimates	
Special Warrant No. 27
$710,000
150,000
41   Constitutional Litigation and General Law Costs;
Main Estimates 	
42   Coroners' Inquests and Inquiries:
Main Estimates	
43   Sheriffs' Offices:
Main Estimates	
44   Official Court Reporters :
Main Estimates	
Special Warrant No. 28	
$372,800
25,000
45   Promotion of Uniformity of Legislation:
Main Estimates 	
46    Coroners' Conference:
Main Estimates	
47   Magistrates' Conference:
Main Estimates	
48   Prosecutors' Conference:
Main Estimates	
49   Court of Appeal Act:
Main Estimates	
50 Supreme Court Act:
Main Estimates	
51   County Courts Act:
Main Estimates	
52   Magistrates Act:
Main Estimates „
Statutory	
$318,859
237,571
Registration
53   Land Registry Offices:
Main Estimates	
54   Companies Office:
Main Estimates	
55   Motor-vehicle Branch:
Main Estimates	
56   Motor-vehicle Testing:
Main Estimates	
$36,204
274,276
6,500
860,000
137,500
112,500
296,833
397,800
1,750
5,000
10,000
5,000
9,500
15,500
16,000
556,430
1,284,746
152,982
1,862,067
50,000
$34,205
273,547
5,971
558,795 562,087
1,095,187
181,984
106,409
281,281
417,606
1,814
4,825
6,409
4,378
1,333
2,583
2,954
556,430
1,164,434
149,020
1,898,203
8,246
$1,999
729
529
6,091
15,552
175
3,591
622
8,167
12,917
13,046
120,312
3,962
41,754
$3,292
235,187
44,484
19,806
64
36,136
 PUBLIC ACCOUNTS, 1967/68
E 33
No.
of                                     SERVICE
Vote
Total
Appropriation
Expended
Unexpended
Over-
expended
CURRENT ACCOUNT— Continued
Department of the Attorney-General—Continued
Trustees
57   Public Trustee's Office:
$213,924
$215,677
$1,753
Regulation and Inspection
58   Insurance and Real Estate Office:
112,216
107,494
$4,722
59   Securities Commission Office:
80,490
83,865
3,375
60   Credit Unions Office :
69,132
65,437
3,695
61   Fire Marshal's Office:
227,726
30,530
184,637
29,205
43,089
62   Censor of Moving Pictures Office:
1,325
63   Racing Commission :
71,384
73,921
2,537
Police Services
64   Policing by Royal Canadian Mounted Police:
4,567,580
4,519,006
226,225
48,574
65   Sundry Incidental Police Expenses :
350,000
10
123,775
10
66   Grant re Police Academy :
Corrections
67   Corrections Office:
258,300
1,204,752
235,243
952,940
14,559
19,151
403,041
23,057
251,812
5,256
68   Probation Office:
69    Probation Hostels :
19,815
70   Parole Board :
19,020
419,752
131
71   Alouette River Unit:
16,711
9,426
72   Narcotic Drug Treatment:
82,528
3,496,772
534,305
608,874
73,102
3,397,794
488,853
601,298
73   Oakalla Prison Farm:
98,978
45,452
7,576
46,675
19,948
74   Women's Gaol and Camp :
75   Chilliwack Forest Camps:
Main Estimates    	
76   Prince George Gaol and Forest Camp :
Main Estimates.. _	
633,465
628,025
586,790
77   Kamloops Gaol and Forest Camps :
Main Estimates   _	
608,077
L
 E 34
PUBLIC ACCOUNTS,  1967/68
No.
ot                                     SERVICE
Vote
Total
Appropriation
Expended
Unexpended
Over-
expended
CURRENT ACCOUNT—Continued
Department of the Attorney-General—Continued
Corrections—Continued
78   Haney Correctional Institution (Including Forest
Camps and New Haven) :
$2,492,852
$2,454,858
$37,994
79   Vancouver Island Unit and Camps :
691,510
689,714
1,796
Special Warrants :
No. 4.   Compensation re injury sustained by an in-
750
53,000
299
53,000
451
No. 42.  Grant to Salvation Army House of Concord
$23,516,095
$22,843,092
$1,019,768
$346,765
Department of Commercial Transport
80    Minister's Office:
$2,850
$1,675
$1,175
81   General Administration:
96,590
91,319
5,271
82   Engineering Branch:
Main Estimates   ....
98,138
97,264
874
83   Weigh-scale Branch:
546,450
544,681
1,769
Department of Education
84   Minister's Office:
$744,028
$734,939
$9,089
$27,750
$28,689
$939
85   General Administration :
202,408
200,423
$1,985
86    Curriculum Branch:
89,232
95,989
6,757
87   Tests, Standards, and Research Branch:
119,082
77,989
41,093
88    Post Secondary and Adult Education Branch:
181,500
206,282
24,782
89   Secondary Correspondence School:
466,841
405,158
61,683
90   Elementary Correspondence School:
102,315
107,681
5,366
109,140
91   Textbook Branch:
500,000
609,140
92   Inspection of Schools and School Services:
Main Estimates   - __ 	
1,236,966
1,195,185
41,781
93   Jericho Hill School:
620,028
601,212
18,816
94   Teacher Registration and Examinations:
444,418
374,732
69,686
95   Finance Branch:
96,398
66,553,976
88,826
66,334,192
7,572
219,784
96   Post-secondary Education and Training:
 PUBLIC ACCOUNTS,  1967/68
E 35
No.
of
Vote
SERVICE
CURRENT ACCOUNT— Continued
Department of Education—Continued
97   Capital  Expenditures,   Provincial  Technical  and
Vocational Schools and Vocational Grants to
School Districts:
Main Estimates— - _. _ _ —
98   Grants to School Districts :
Main Estimates   	
Statutory 	
$101,100,000
999,557
99   Teachers' Superannuation Fund:
Main Estimates  	
Statutory  	
,880,000
140,787
100   Free Textbooks, Maps, Etc. :
Main Estimates- 	
101   Night-school Grants:
Main Estimates	
102   Training Programmes:
Main Estimates	
103   Education  of  Soldiers'  Dependent Children and
Expenses :
Main Estimates-   _ —
104   Community Programmes Grants:
Main Estimates  _ _
105   Incidentals, Grants, and Contingencies:
Main Estimates—   	
106   Temporary Assistance:
Main Estimates	
107    Advances re Rural School and Library Taxes:
Main Estimates    ._
Department of Finance
108   Minister's Office:
Main Estimates	
109   General Administration:
Main Estimates _	
110    Controlling and Audit Branch:
Main Estimates 	
Ill    Data Processing Branch:
Main Estimates _	
112   Consumer Taxation Branch :
Main Estimates 	
113    Real Property Taxation Branch:
Main Estimates- _ _	
114   Income Taxation Branch:
Main Estimates	
115   Assessment Equalization Act:
Main Estimates 	
116   Purchasing Commission:
Main Estimates	
117   Langford Warehouse:
Main Estimates	
Total
Appropriation
$15,000,000
102,099,557
5,020,787
1,000,000
Expended
$9,581,848
102,099,557
5,020,787
861,869
187,785| 175,760
183,000
30,000
205,000
45,000
47,500
10
166,904
29,998
201,801
44,193
47,500
*36,661
Unexpended
$5,418,152
138,131
12,025
3,199
807
36,671
Over-
expended
$194,459,553|$188,519,054|    $6,087,483|       $146,984
 1 ]	
$5,370
$296
$5,074
188,064
195,017
407,998
400,181
7,817
412,824
353,192
59,632
908,880
857,489
51,391
379,057
336,247
42,810
$220,811
$200,813
$19,998
207,366
174,710
32,656
373,898
373,068
830
10
*17,607
17,617
$6,953
* Credit.
J
 E 36
PUBLIC ACCOUNTS, 1967/68
No.
of
Vote
SERVICE
Total
Appropriation
Expended
Unexpended
Over-
expended
CURRENT ACCOUNT Continued
Department of Finance—Continued
118   Government Agencies, Etc.:
Main Estimates	
119   Courts of Revision:
Main Estimates	
120   Assessment Appeal Board:
Main Estimates.	
121    Printing    Public    Accounts,
Revenue Receipts, Etc.:
Main Estimates  	
Estimates,    Bonds,
122   Temporary Assistance:
Main Estimates	
123    Incidentals and Contingencies:
Main Estimates	
124   Civil Service Superannuation Act—Interest:
Main Estimates  	
125   Members of Legislative Assembly Superannuation
Act—Interest:
Main Estimates 	
126   Dyking Assessment Adjustments Act, 1905:
Main Estimates  $200
Statutory        5
127   Supreme Court Act (Sec. 33):
Main Estimates 	
Statutory   	
$50,000
212,967
128   Salary Contingencies and Adjustments (All Departments):
Main Estimates    	
129    Expense Contingencies (All Departments) :
Main Estimates.— 	
130   Motor-vehicles    and   Accessories    (All   Departments) :
Main Estimates  	
131    Power Subsidy:
Main Estimates..
132    Nancy Sloan Act:
Main Estimates	
Statutory:
Cemetery Companies Act (sec. 10 (4) ) —
Interest on Official Guardian deposits _
Interest on Official Committee deposits
Water Act     _ 	
Municipal Act (sec. 437) 	
Municipal Act (sec. 784)   	
Unclaimed Moneys Deposits Act 	
Burrard Inlet (Third Crossing) Fund Act
Provincial Home-acquisition Grant Act	
Special Warrant:
No. 5.  Grant for home acquisition to certain Armed
Forces personnel 	
$1,703,762|    $1,666,347
I
I
40,000|    36,184
26,000
75,000
10
205
4,100,000
75,000
75,000
1,000,000
3,556
2,906
6,086
30,260
5,600
272,426
7,839
26,073
118,476
151,5001   151,244
50,0001    48,507
I
101   *259,702
•7,439
205
262,967    262,967
1
4,060,642
60,644
12,755
1,000,000
3,556
2,906
6,086
30,260
"1,111,878
5,600
272,426
7,839
27,000,000  27,000,000
10,000,000  10,000,000
50,000
$48,042,405| $46,267,104  $1,825,803
$37,415
3,816
$73
43,476
256
1,493
259,712
7,449
39,358
14,356
62,245
1,111,878
50,000
$50,502
Credit.
 PUBLIC ACCOUNTS,  1967/68
E 37
No.
of                                     SERVICE
Vote
Total
Appropriation
Expended
Unexpended
Over-
expended
CURRENT ACCOUNT Continued
Department of Health Services and
Hospital Insurance
133    Minister's Office:
$34,308
222,624
$27,807
$6,501
134   Accounting Division:
219,957
2,667
Public Health Services
135   General Services:
1,215,506
1,202,633
12,873
136   Grants re Local Health Services:
545,000
650,000
450,000
600,000
510,493
34,507
137   Rehabilitation Services, Including Grants for Related Health Agencies :
648,060
1,940
138   Cancer Control (Including Grants, Etc.) :
449,464
494,870
4,042,460
557,563
468,983
155,139
194,018
560,124
1,890,232
14
536
139   Public Health Research:
105,130
140   Local Health Services:
3,951,014
550,326
475,416
170,224
220,680
561,068
1,794,278
14
$91,446
7,237
141   Division of Laboratories :
142   Division of Vital Statistics:
6,433
143   Division of Venereal Disease Control:
15,085
144   Divisional Headquarters, Patient Care:
26,662
944
145   Out-patient Care:
146    In-patient Care:
95,954
Statutory:
Vital Statistics Act, sec. 7 (3) _	
Special Warrant:
No. 40.    Grant to Lower Fraser Valley  Cerebral
12,000
12,000
$11,452,458
$11,433,817
$213,278
$194,637
Mental Health Services
147   General Administration:
$655,508
1,076,044
1,847,200
22,579,942
$604,652
1,158,965
1,216,479
22,443,840
$50,856
148   Division of Nursing Education:
82,921
149   Community Services:
630,721
136,102
150   In-patient Care:
Sub-total, Mental Health Services	
$26,158,694
$25,423,936
$817,679
$82,921
 E 38
PUBLIC ACCOUNTS,  1967/68
No.
of                                     SERVICE
Vote
Total
Appropriation
Expended
Unexpended
Over-
expended
CURRENT ACCOUNT—Continued
Department of Health Services and
Hospital Insurance—Continued
Hospital Insurance Services
151   Hospital Insurance Service:
Main Estimates  _   $107,937,061
$113,937,061
$115,662,997
Special Warrant No. 29        6,000,000
$1,725,936
$113,937,061
$115,662,997
$1,725,936
Total, Health Services and Hospital Insurance
$151,548,213
$152,520,750
$1,030,957
$2,003,494
Department of Highways
152   Minister's Office:
$44,080
2,517,674
28,000,000
10,000,000
60,000,000
5,000,000
650,000
50,000
707,500
17,775
3.000,000
1,624,179
$43,395
2,506,408
27,728,053
2,056,567
64,933,868
1,865,069
646,330
66,411
668,555
12,328
1.692,219
1,624,179
$685
11,266
153   General Administration:
154   Roads,   Bridges,   Ferries,   Wharves,   and  Tunnels
(Maintenance   and   Operation,   Repairs,   and
Snow and Ice Removal) :
271,947
7,943,433
3,134,931
3,670
155   Trans-Canada Highway:
156   Roads, Bridges, and Ferries—Capital Construction:
Main Estimates  .„ _    $54,000,000
Special Warrant No. 30.           6,000,000
$4,933,868
157   Hydro-development Highways—Capital Construction:
158   Highways within Municipal Limits:
159   Vehicle Damage Claims:
16,411
160   Highway Signs, Signals, Traffic Control, Etc.:
Main Estimates         _ $650,000
38,945
5,447
Special Warrant No. 31          —.               . —     57,500
161   Grants and Subsidies:
162   Purchase of New Equipment:
1,307,781
Statutory:
British  Columbia  Ferry  Authority   (Vesting)   Act,
1968 (1968, chap. 1)—"B.C. Ferries " Division
Department of Industrial Development, Trade,
and Commerce
163   Minister's Office:
$111,611,208
$103,843,382
$12,718,105
$4,950,279
$32,070
81,666
163,730
267,644
$33,903
68,099
202,110
225,161
$1,833
164   General Administration:
$13,567
165   Agent-General's   Office   and   British   Columbia
House, London, England:
38,380
166   Bureau of Economics and Statistics:
42,483
 PUBLIC ACCOUNTS,  1967/68
E 39
No.
of                                     SERVICE
Vote
Total
Appropriation
Expended
Unexpended
Over-
expended
CURRENT ACCOUNT— Continued
Department of Industrial Development, Trade,
and Commerce—Continued
167   Data Processing Centre:
$983,802
69,774
50,437
7,000
65,000
30,000
15,000
300,000
1,270,560
399,000
$726,257
62,529
51,390
6.722
53,108
27,947
13,820
300,000
$257,545
168   Industrial and Trade Office:
7,245
169   British Columbia House, San Francisco:
$953
170   Temporary Assistance:
278
11,892
2,053
171   Advertising and Publicity:
172   Trade Promotion:
173   Provincial Exhibits, British Columbia Building:
1,180
174   Grant to British Columbia Research Council:
Special Warrants :
Nos. 8, 10,  13,  18, 22, 26, 38, and 41.   Provincial
share of cost of Trade Fair and Sports Building,
1,270,560
No. 16.  Design contract and first-phase construction
contract for new building for British  Columbia
331,342
67,658
Department of Labour
175   Minister's Office:
$3,735,683
$3,372,948
$403,901
$41,166
$9,094
494,794
97,386
4,200,307
205,966
2,500,000
10,500
500
$8,595
489.342
87,992
2.468,049
204,064
2.500,000
2,429
$499
176   Labour Standards Branch:
5,452
177   Factories Branch:
9,394
1,732,258
1,902
178   Apprenticeship and Industrial Training Branch:
179   Labour Relations Branch:
180   Government Grants to Increase Workmen's Compensation Pensions:
8,071
500
181   Motor-vehicles and Accessories:
182   Temporary Assistance:
Main Estimates _	
Statutory:
Workmen's Compensation Act	
273,499
4,506
8,092
273,499
4,506
Special Warrants :
No. 14.   Expenses re strike vote, United Fishermen
and Allied Workers' Union 	
Nos. 22 and 24. Expense re strike vote, International
8,092
$7,804,644
$6,046,568
$1,758,076| _. 	
 E 40
PUBLIC ACCOUNTS,  1967/68
No.
of                                     SERVICE
Vote
Total
Appropriation
Expended
Unexpended
Over-
expended
CURRENT ACCOUNT—Continued
Department of Lands, Forests, and Water Resources
183   Minister's Office:
$29,850
$29,714
$136
Lands Service
184   General Administration :
113,882
3,500
79,206
6,640
2,500
107,016
3,500
76,572
3,515
6,866
185   Grant  to  British  Columbia  Natural  Resources
Conference:
186   Accounting Division:
2,634
3,125
2,500
9,129
35,564
20,433
187   Land Settlement Board:
188   Investigation of Doukhobor Lands:
189   Lands Administration :
235,224
226,095
164,436
370,229
190   Pre-servicing Crown Lands for Sale or Lease:
200,000
191   Land Inspection Division :
Main Estimates	
390,662
Surveys and Mapping Branch
192   Administration :
35,080
36,144
266
$1,064
193   Special Commitments:
2,000
1,734
36,508
12,661
1,376
73,200
10
194   Legal Surveys Division:
563,287
526,779
195   Geographic Division:
192,676
180,015
196   Topographic DrvisiON:
613,476
612,100
197   Air Division :
338,518
265,318
198   University Endowment Lands Administration Act:
10
$2,806,511
$2,601,699
$205,876
$1,064
Forest Service
199   General Administration, Protection and Management of Forests:
$14,132,052
1,121,000
13,000
142,900
$14,073,419
$58,633
200   Reforestation and Forest Nursery:
Main Estimates  $1,071,000
1,157,363
Special Warrant No. 39          50,000
$36,363
201   Forestry and Correction Camp Programme:
13,000
202   Forest Research:
Main Estimates
142,558
342
 PUBLIC ACCOUNTS, 1967/68
E 41
No.
of                                     SERVICE
Vote
Total
Appropriation
Expended
Unexpended
Over-
expended
CURRENT ACCOUNT—Continued
Department of Lands, Forests, and Water
Resources—Continued
Forest Service—Continued
203   Public Information and Education:
$61,350
110,640
17,500
2,959,250
7,148,687
801,318
10
1,303,050
78,545
20,000
10
$61,049
110,860
17,500
2,971,385
$301
204   Forest Service Training-school:
$220
205   Grant to Canadian Forestry Association :
206   Engineering    Services    and    Forest-development
Roads:
12,135
207   Fire Suppression:
Main Estimates _. ,  $1,950,000
7,148,687
795,098
Statutory _     5,198,687
208   Forest Inventory:
6,220
10
12,465
209   Scaling Fund:
210   Silviculture:
1,290,585
78,545
20,000
211   Grazing Range Improvement Fund:
Main Estimates  $76,000
Statutory _       2,545
212   Peace River Community Pastures:
213   Peace River Power Timber Salvage:
1,332,014
1,332,004
$27,909,312
$29,212,063
$77,971
$1,380,722
Water Resources Service
214    General Administration :
$47,280
546,596
39,300
122,000
25,000
15,470
525,582
923,000
$45,933
496,835
37,798
98,989
25,000
$1,347
49,761
1,502
215   Water Rights Branch:
216   Inspection of Dykes:
217   River-bank Protection:
23,011
218   Assistance to Improvement Districts:
219   Canadian Council of Resources Ministers:
Main Estimates  $15,000
15,470
432,520
813,283
Special Warrant No. 11            470
220   Water Investigations Branch:
	
93,062
109,717
221    Water   Investigations,   Hydraulic   Surveys,   and
Projects:
Main Estimates    _.
 E 42
PUBLIC ACCOUNTS,  1967/68
No.
of                                     SERVICE
Vote
Total
Appropriation
Expended
Unexpended
Over-
expended
222
CURRENT ACCOUNT— Continued
Department of Lands, Forests, and Water
Resources—Continued
Water Resources Service—Continued
Okanagan Flood Control:
Main Estimates    	
$94,000
5,000,000
70,000
222,984
172,564
1,150,000
$80,000
187,698
64,238
214,780
118,916
1,150,000
$14,000
4,812,302
5,762
8,204
53,648
223
Canada-British Columbia Joint Development Act:
Main Estimates  	
224
B.C. Hydrometric Stream-gauging:
Main Estimates      	
225
South Okanagan Lands Project:
Main Estimates     _. $192,984
Special Warrant No. 23          30,000
226
Pollution Control:
Main Estimates   	
Special Warrants:
Nos. 7 and 17.  Cost of flood-prevention work	
Sub-total, Water Resources Service—	
$8,953,776
$3,781,460
$5,172,316
Total, Department of Lands, Forests, and Water
$39,669,599
$35,595,222
$5,456,163
$1,381,786
Department of Mines and Petroleum Resources
Minister's Office:
Main Estimates   	
227
$35,540
332,674
258,970
63,912
291,296
316,748
30,500
500,000
2,750,000
40,000
2,000
7,500
100,000
$33,626
299,774
236,826
63,392
283,401
275,136
30,498
294,861
973,704
29,891
1,011
7,374
99,984
1
$1,914
32,900
22,144
520
7,895
41,612
2
205,139
1,776,296
10,109
989
126
16
1
228
General Administration—Titles and Accounts :
Main Estimates     	
229
Mineralogical Branch:
230
Analytical and Assay Branch:
Main Estimates..    	
231
Inspection Branch:
Main Estimates     	
232
Petroleum and Natural Gas Branch:
Main Estimates    _	
233
Grants and Subsidies:
234
Grants in Aid of Mining Roads and Trails :
235
Construction of Mining-roads:
Main Estimates    _	
236
Grub-staking Prospectors:
237
Interprovincial Committee on Mining:
238
Incidentals and Contingencies:
239
Special Mineral Surveys :
 PUBLIC ACCOUNTS,  1967/68
E 43
No.
of                                     SERVICE
Vote
Total
Appropriation
Expended
Unexpended
Over-
expended
CURRENT ACCOUNT— Continued
Department of Mines and Petroleum
Resources—Continued
240   Iron Bounty Act:
$300,000|       $126,000
12                  12
2,000             2,000
$174,000
Statutory:
Special Warrant:
No. 12.   Grant to assist in publication of proceedings of International Symposium on the Devonian
$5,031,152
$2,757,490
$2,273,662
Department of Municipal Affairs
241    Minister's Office:
Main Estimates 	
$42,720
363,906
380,000
2,500,000
69,625,000
750,000
39,921
1,338
48,168
2,197
61
39,873
$43,577
384,244
374,390
1,363,970
69,242,897
664,178
39,921
1,338
48,168
2,197
61
39,873
$857
242   General Administration:
Main Estimates.. ' _ 	
20,338
243   Grants and Subsidies:
Main Estimates __ _    $310,000
$5,610
1,136,030
382,103
85,822
Special Warrant No. 32„          70,000
244   Urban Renewal and Slum Clearance:
245   Grants in Aid of Local Governments and Homeowners' Subsidies:
246   Winter Works Incentive Programme:
Statutory:
Special Warrant:
No. 5.   Payment to City of Prince Rupert of 1965
taxes pursuant to sec. 23 (1) of the Municipal Act
$73,793,184
$72,204,814
$1,609,565
$21,195
Department of the Provincial Secretary
Provincial Secretary
247   Minister's Office:
Main Estimates 	
$42,764
68,924
98,708
674,334
142,612
$36,037
68,442
95,665
784,678
143,846
$6,727
482
248   General Administration:
Main Estimates 	
249   Central Microfilm Bureau:
Main Estimates 	
3,043
250   Postal Branch:
Main Estimates— _  	
110,344
1,234
251    Provincial Library:
Main Estimates 	
 E 44
PUBLIC ACCOUNTS, 1967/68
No.
of
Vote
SERVICE
CURRENT ACCOUNT—Continued
Department of the Provincial Secretary-
Continued
Provincial Secretary—Continued
252   Provincial Archives:
Main Estimates    	
253   Public Library Commission:
Main Estimates	
254   Library and Library Association Grants :
Main Estimates	
255   Queen's Printer:
Main Estimates ..
256   Government House:
Main Estimates	
257   Indian Advisory Act:
Main Estimates	
258 Assessment on Class 13 (the Crown), Workmen's
Compensation Act:
Main Estimates 	
259 Incidentals and Contingencies:
Main Estimates   	
260   B.C. Medical Plan:
Main Estimates	
261    Grants, Etc.:
Main Estimates... 	
Special Warrant No. 25-
$700,000
143,568
262   Grant re Narcotic Foundation:
Main Estimates..
263
Grant re Alcoholic Foundation:
Main Estimates   .                          	
264
Capital Improvement District Act:
265
Centennial Celebrations:
Main Estimates
266
Restoration of Historical Sites, Etc.:
267
Civil Defence:
Main Estimates  _	
268
Provincial Elections Act:
Main Estimates...	
. $85,284
66 433
Public Inquiries Act:
269
$10
. -. 176,686
Statutory  _	
270   Arch_eological   and   Historical   Sites   Protection
Act:
Main Estimates	
Statutory:
Medical Services Act, sec. 9.—
Medical Services Act, sec. 11..
Total
Appropriation
Expended
Unexpended
$101,736| $91,334
274,968) 253,451
325,000| 324,961
"51,698
52,140
24,402
10
53,404
27,020
555,000
57,000
16,000,000
843,568
225,000
225,000
200,000
555,000
63,030
14,385,533
843,567
225,000
225,000
175,000
1,500,000| 250,000
400,000
750,000
151,717
176,696
10,000
1,353
27,869
399,163
702,642
151,717
176,696
10,002
1.353
27,869
Over-
expended
$10,402
21,517
39]
51,708
1,264
2,618
1,614,467
25,000
1,250,000
837
47,358
$6,030
; Credit.
 PUBLIC ACCOUNTS, 1967/68
E 45
No
of                                     SERVICE
Vote
Total
Appropriation
Expended
Unexpended
Over-
expended
CURRENT ACCOUNT—Continued
Department of the Provincial Secretary—
Continued
Provincial Secretary—Continued
Special Warrants:
No. 3.   Expenditures in  connection with Western
Canadian pavilion at 1967 World's Fair in Mont-
$37,500
175,000
23,755
$37,500
174,952
23,755
No. 19.  Provincial share of cost during 1967/68 of
$48
No. 21.  Grant to Association of Retarded Children
$23,168,938
$20,251,037
$3,035,511
$117,610
Civil Service Commission
271   Administration :
$350,424
54,321
111,471
20,000
$358,763
54,321
111,471
12,169
$8,339
272   Grants re Civil Service—Gratuities:
Main Estimates                                                       $1S(inn
Statutory _       39,321
273   Retiring Allowances—Civil Service Act and Other
Government Employees:
Main Estimates.         $50,000
Statutory       61,471
274   Civil Service Schedule Bond :
$7,831
Sub-total, Civil Service Commission	
$536,216
$536,724
$7,831
$8,339
Superannuation Branch
275   Administration :
$258,304
28,000
5,929,135
53,000
1,159,124
126,258
37,000
64,638
$256,719
25,797
5,929,135
$1,585
2,203
276   Grants—Retiring Allowances:
277   Civil  Service  Superannuation  Act—Government
Contributions :
Main Estimates     .         $5,300,000
Statutory _      629,135
278   Members of the Legislative Assembly Superannuation Act—Government Contributions:
Main Estimates
46,952
1,159,124
6,048
279   Public Services Medical Plan Act:
Main Estimates.           $1,110,000
Statutory     , _                   49,124
280   Public Services Group Insurance Act:
Main Estimates       _
98,332
22,814
64,638
27,926
14,186
281   Death Benefits :
Main Estimates	
282   Municipal Superannuation Act:
Main Estimates   $60,000
Statutory              4,638
 E 46
PUBLIC ACCOUNTS. 1967/68
No.
Of                                     SERVICE
Vote
Total
Appropriation
Expended
Unexpended
Over-
expended
CURRENT ACCOUNT—Continued
Department of the Provincial Secretary—
Continued
Superannuation Branch—Continued
283   Canada Pension Fund:
Main Estimates                                    .    - - $1,600,000
$1,637,326
60,530
$1,637,326
Statutory             37,326
Statutory:
Members of the Legislative Assembly Superannua-
60,530
$9,353,315
$9,301,367
$51,948
Total, Department of the Provincial Secretary	
$33,058,469| $30,089,128
$3,095,290
$125,949
Public Utilities Commission
284   Public Utilities Act, Cemeteries Act, and Prearranged Funeral Services Act:
$173,609
254,380
$174,621
$1,012
285   Motor Carrier Act:
238,189
$16,191
$427,989
$412,810
$16,191
$1,012
Department of Public Works
286   Minister's Office:
$29,325
256,490
9,017,896
10,000,000
1,547,088
888,102
$28,546
252,227
8,605,735
12,348,855
1,284,303
862,237
$779
4,263
412,161
287   General Administration:
288   Government Buildings (Maintenance) :
Main Estimates                                              $8,617,896
Special Warrant No. 33    .          400,000
289   Construction of Provincial Buildings:
$2,348,855
290   Rentals:
262,785
25,865
291   Safety Inspection Division :
$21,738,901
$23,381,903
$705,853
$2,348,855
Department of Recreation and Conservation
292   Minister's Office:
$33,494
108,188
237,202
35,802
1,778,088
1
1
2,792,810
$31,593
100,296
225,847
34,892
1,751,978
1
1
1
2,799,924
$1,901
7,892
11,355
910
26,110
293   General Administration:
294   Provincial Museum:
295   Commercial Fisheries Branch:
296   Fish and Wildlife Branch:
297   Parks Branch:
Main  Estimates..         $2,492,810
Special Warrant No. 34       300,000
$7,114
 PUBLIC ACCOUNTS, 1967/68
E 47
No.
of
Vote
SERVICE
CURRENT ACCOUNT—Continued
Department of Recreation and Conservation—
Continued
298   Grants in Aid of Regional Park Development:
Main Estimates 	
299   Youth Training Programme:
Main Estimates	
Department of Travel Industry
300   Minister's Office:
Main Estimates	
301   General Administration:
Main Estimates 	
Tourist Traffic (British Columbia Government
Travel Bureau)
302   Travel Division:
Main Estimates  _ 	
303   California Office:
Main Estimates	
304   Photographic Branch:
Main Estimates	
Department of Social Welfare
305   Minister's Office:
Main Estimates	
306   General Administration:
Main Estimates	
307   Social Assistance and Rehabilitation Division:
Main Estimates	
308   Field Service:
Main Estimates-
Special Warrant No. 9..
$3,206,817
500,000
309   Medical Services Division:
Main Estimates.. 	
310   Social Assistance:
Main Estimates—
311   Residence and Responsibility Act—Administration:
Main Estimates  	
312   New Denver:
Main Estimates..
313   Administration, Child Welfare Division:
Main Estimates	
314   Maintenance of Dependent Children and Grants
to Homes:
Main Estimates  $8,235,000
Special Warrant No. 35      2,000,000
Total
Appropriation
$325,000
110,000
$5,420,584
$3,650
28,566
Expended
$55,856
109,267
$5,109,653
$2,920
28,651
1,694,919|      1,704,395
I
I
56,883| 54,520
191,506| 184,465
$1,975,524|    $1,974,951
$4,000
115,736
30,504
3,706,817
124,618
51,450,000
500
268,260
245,172
10,235,000
$3,258
105,144
29,223
3,406,762
106,498
52,790,677
261,214
223,823
11,641,546
Unexpended
$269,144
733
$318,045
$730
2,363
7,041
$10,134
$742
10,592
1,281
300,055
18,120
500
7,046
21,349
Over-
expended
$7,114
$85
9,476
$9,561
$1,340,677
1,406,546
 E 48
PUBLIC ACCOUNTS, 1967/68
No.
of
Vote
SERVICE
Total
Appropriation
Expended
Unexpended
Over-
oxpended
CURRENT ACCOUNT—Continued
Department of Social Welfare—Continued
315   Provincial Home:
Main Estimates 	
316   Brannan Lake School for Boys:
Main Estimates	
317   Willingdon School for Girls:
Main Estimates... .. 	
318   Division for the Aged:
Main Estimates. 	
319   Blind Persons' Allowances:
Main Estimates	
320   Disabled Persons' Allowances :
Main Estimates.. 	
Statutory      	
$2,141,000
48,741
321   Ministers without Portfolio:
Main Estimates 	
Statutory    	
$28,500
1,882
APPROPRIATION AND EXPENDITURE
SUMMARY
Legislation  .	
Premier's Office  	
Department of Agriculture	
Department of the Attorney-General —
Department of Commercial Transport-
Department of Education  	
Department of Finance _. 	
Department of Health Services and Hospital Insurance:
Public Health Services	
Mental Health Services 	
Hospital Insurance Services
Department of Highways	
Department of Industrial Development, Trade,  and Commerce 	
Department of Labour-
Department of Lands, Forests, and Water Resources:
Lands Service	
Forest Service 	
Water Resources Services
Department of Mines and Petroleum Resources
Department of Municipal Affairs 	
Department of the Provincial Secretary:
Provincial Secretary
Civil Service Commission
Superannuation Branch __
Public Utilities Commission ..
Department of Public Works .
$228,500!       $210,881
I
$17,619
525,850| 530,608|   I $4,758
I I
356,194| 332,0001           24,194
I
I
5,143,698| 4,619,436)         524,262
484,000]        423,534
I
2,189,741]      2,189,741
$75,108,590] $76,874,345
60,466
$986,226
$30,382]   $30,382
$2,751,981
$605,684
79,237
7,898,682
23,516,095
744,028
194,459,553
48,042,405
$598,125
70,803
7,559,101
22,843,092
734,939
188,519,054
46,267,104
$11,452,458
26,158.694
113,937,061
$11,433,817
25,423,936
115,662,997
$7,559
8,434
413,323
1,019,768
9,089
6,087,483
1,825,803
$213,278
817,679
$151,548,213|$152,520,750| $1,030,957
$111,611,208J$103,843,382
3,735,683
7,804,644
$2,806,511
27,909,312
8,953,776
3,372,948
6,046,568
$12,718,105
403,901
1,758,076
$2,601,699
29,212,063
3,781,460
$39,669,599
$5,031,152
73,793,184
$35,595,222
$2,757,490
72,204,814
$23,168,938| $20,251,037
536,216|   536,724]
9.353,3151      9,301,367
-I-
$33,058,469]  $30,089,128
$427,989
21,738,901
$412,810
23,381,903
$205,876
77,971
5,172,316
$5,456,163
$2,273,662
1,609,565
$3,035,511
7,831
51,948
$73,742
346,765
146,984
50,502
$194,637
82,921
1,725,936
$2,003,494
$4,950,279
41,166
$1,064
1,380,722
$1,381,786
$21,195
$117,610
8,339
$3,095,290]       $125,949
$16,191
705,853
$1,012
2,348,855
 PUBLIC ACCOUNTS, 1967/68
E 49
SERVICE
Total
Appropriation
Expended
Unexpended
Over-
expended
APPROPRIATION AND EXPENDITURE
SUMMARY—Continued
Department of Recreation and Conservation .
Department of Travel Industry	
Department of Social Welfare 	
Ministers without Portfolio 	
$5,420,584
1,975,524
75,108,590
30,382
$5,109,653
1,974,951
76,874,345
30,382
$318,045
10,134
986,226
$7,114
9,561
2,751,981
$806,299,806 $780,806,564
$39,753,627
$14,260,385
RECONCILIATION, MAIN ESTIMATES
AND TOTAL APPROPRIATION
Main Estimates, 1967/68 .
Expenditure authorized under various Statutes-
Expenditure authorized by special warrants	
$739,380,917
47,710,065
19,208,824
Total expenditure authorized
$806,299,806
-J
  SECURITIES DEPOSITED WITH THE GOVERNMENT AS AT
MARCH 31, 1968
PURSUANT TO THE INSURANCE ACT, CHAPTER 197, R.S.B.C.  1960
Par Value
Name of Company of Security
B.C. Automobile Association  $75,000
British Columbia Life & Casualty Co  300,000
B.C.F.G. Mutual Hail Insurance Co  8,000
British Columbia Insurance Co  50,000
British Columbia Plate Glass Insurance Co   7,000
Canadian National Insurance Co., The  70,000
Canadian Western Insurance Co  38,000
Fraser Valley Mutual Insurance Co  50,000
Fruit Growers Mutual Insurance Co  112,000
Industrial Life Insurance Co   135,000
Non-Marine Underwriters, Members of Lloyd's, London, England  54,000
Pacific Automobile and Fire Insurance Co   200,000
Pacific Indemnity Co  40,000
Provident Assurance Co., The  60,000
Seaboard Life Insurance Co  330,000
United Home Life Insurance Co   50,000
Van-Tel Service Society  65,000
PURSUANT TO THE TRUST COMPANIES ACT, CHAPTER 389, R.S.B.C. 1960
Administration and Trust Co   $85,000
Bankers Trust Co., The     35,000
City Savings and Trust Co  210,000
Commonwealth Trust Co   206,000
Crown Trust Co  250,000
International Trust Co.  —    25,000
Metropolitan Trust Co.    25,000
Montreal Trust Co  200,000
National Trust Co. Ltd., The  300,000
North West Trust Co. Ltd., The  212,000
Okanagan Loan and Investment Trust Co     25,000*
Principal Savings and Trust Co     30,000
Royal Trust Co., The  260,000
Security Trust Co     30,000
Trans-Canada Savings and Trust Corporation     25,000
Trust Co. of Victoria    25,000*
Trustee Co. Ltd. (now Mercantile Mortgage Co. Ltd.)     25,000*
Western Pacific Trust Co    25,000
Yorkshire and Canadian Trust Ltd., The  225,000
Yorkshire Trust and Savings Corporation    25,000
Yorkshire Trust Co  231,100
Certified.
C. J. FERBER, C.A., G. S. BRYSON,
Comptroller-General. Deputy Minister of Finance.
* Bonds not good for new business at this date, but are held as security in respect of business previously
existing, contracted, arising, or entered into during the period of their currency.
 BRITISH COLUMBIA
BALANCE-SHEET AS
ASSETS
CURRENT:
Cash in bank  $12,763
Cash in hands of warehouse managers and vendors  375,070
Cash in transit to Provincial Treasury _  3,626,206
Accounts receivable  78,617
Inventories of merchandise at cost, as determined and certified by officials of the
Board 10,050,859
Advance payments for merchandise . 217,132
    $14,360,647
LAND, BUILDINGS, AND EQUIPMENT:
Land at cost .  $547,205
Buildings at cost, less depreciation  — 2,131,196
Furniture, fixtures, and equipment at cost, less depreciation __  345,166
3,023,567
PREPAID AND DEFERRED:
Unexpired premiums—general insurance and fidelity bonds  31,315
$17,415,529
D. McGUGAN, K. PROWSE, C.A.,
Chairman. Chief Accountant.
STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED
MARCH 31, 1968
SALES $169,085,853
COST OF MERCHANDISE SOLD:
Stock on hand, March 31, 1967 $8,950,864
Purchases 111,533,542
  $120,484,406
Less stock of hand, March 31, 1968  10,050,859
    110,433,547
GROSS PROFIT __. _      $58,652,306
OPERATING EXPENSES:
Warehouse         $858,545
Retail stores 6,823,563
Administrative and general . 1,224,248
        8,906,356
OPERATING PROFIT $49,745,950
OTHER INCOME:
Licence fees . $703,752
Sundry 196,076
Social services tax—commissions  65.379
         $965,207
SUNDRY EXPENSES:
Law enforcement and inspection  _ 116,681
848,526
NET PROFIT FOR YEAR ENDED MARCH 31, 1968    $50,594,476
 LIQUOR CONTROL BOARD
AT MARCH 31, 1968
CURRENT:
Accounts payable	
LIABILITIES
GENERAL RESERVE
PROVINCE OF BRITISH COLUMBIA, WORKING  CAPITAL ADVANCES
$17,415,529
The accounts of the Liquor Control Board for the year ended March 31, 1968, have been examined under
my direction. In my opinion, the above balance-sheet and relative statement of profit and loss are properly
drawn up so as to exhibit a true and correct view of the affairs of the Board, according to the best of my information and the explanations given to me and as shown by the books of the Board.
Victoria, B.C., June 12,1968.
C. J. FERRER, C.A.,
Comptroller-General, Province of British Columbia.
 BRITISH COLUMBIA HYDRO
BALANCE-SHEET AS
(With Corresponding Figures
1968 1967
PROPERTY ACCOUNT:
Lands, franchises, water rights, storage dams, plants for the generation, transmission, and distribution of electricity and gas, trolley-coaches, motor-
buses, freight railway and rolling-stock, etc., at cost   $1,416,938,821   $1,256,333,794
Less accumulated depreciation       300,097,184        271,573,963
$1,116,841,637 $984,759,831
Unfinished construction—
Peace River project       438,129,187 271,974,120
Arrow and Mica storage projects (1967—Duncan storage project included)      244,076,300 189,731,799
Other .         30,100,000 79,400,000
$1,829,147,124   $1,525,865,750
CURRENT AND WORKING ASSETS:
Cash  $8,342,856 $7,223,851
Temporary investments  63,142,016 116,160,859
Accounts receivable and unbilled revenues .  28,405,205 23,430,638
Materials and supplies at average cost.  10,516,485 10,259,481
Prepaid expenses             568,589 531,577
$110,975,151       $157,606,406
MORTGAGES AND OTHER DEFERRED ACCOUNTS RECEIVABLE         $6,251,948 $4,768,258
UNAMORTIZED   DISCOUNT   AND   EXPENSE   ON   LONG-TERM   DEBT
AND PARITY DEVELOPMENT BONDS .        $22,143,505 $20,454,769
$1,968,517,728    $1,708,695,183
Approved on behalf of the Board.
E. M. GUNDERSON, H. L. KEENLEYSIDE,
Director. Director.
 AND POWER AUTHORITY
AT MARCH 31, 1968
ay at March 31,1967)
LONG-TERM DEBT (Notes 1 and 2).
PARITY DEVELOPMENT BONDS, payable on demand (Note 2):
5V_ per cent Series E due August 15, 1967	
5V_ per cent Series K due August 3, 1968	
Wz per cent Series P due September 1, 1969 -
5V_ per cent Series R due September 1, 1970 _
5V_ per cent Series AN due August 15, 1972 _
1968
$1,193,389,518
$50,505,000
50,505,000
50,505,000
50,505,000
1967
$1,003,226,345
$50,505,000
50,505,000
50,505,000
50,505,000
$202,020,000      $202,020,000
NOTES PAYABLE, held by the Province of British Columbia.
CURRENT AND ACCRUED LIABILITIES:
Accounts payable	
Interest accrued on long-term debt, parity development bonds,  and notes
payable	
Long-term debt payments due within one year—
Sinking fund instalments	
Debt maturities .	
$75,493,098
20,068,402
13,783,733
28,059,974
$7,500,000
$67,999,173
15,401,986
13,577,526
11,905,101
$137,405,207      $108,883,786
CONTRIBUTIONS ARISING FROM COLUMBIA RIVER TREATY (Note 4)     $344,628,253       $311,906,730
CONTRIBUTIONS IN AID OF CONSTRUCTION  	
$14,737,035   $11,711,242
STABILIZATION OF RATES AND CONTINGENCY RESERVE (Note 5) .
$76,337,715   $63,447,080
$1,968,517,728 $1,708,695,183
COMMITMENTS (Note 7)
The accompanying notes are an integral part of the above balance-sheet.
REPORT OF THE AUDITORS
The Lieutenant-Governor in Council, Province of British Columbia:
We have examined the balance-sheet of British Columbia Hydro and Power Authority as at March 31, 1968,
and the statements of net income and source and application of funds for the year then ended. Our examination
included a general review of the accounting procedures and such tests of accounting records and other supporting
evidence as we considered necessary in the circumstances.
In our opinion these financial statements present fairly the financial position of the Authority as at March 31,
1968, and the results of its operations and the source and application of its funds for the year then ended, in
accordance with generally accepted accounting principles applied on a basis consistent with that of the preceding year.
PRICE WATERHOUSE & CO., Chartered Accountants.
Vancouver, B.C., May 24, 1968.
 BRITISH COLUMBIA HYDRO AND POWER AUTHORITY—Continued
STATEMENT OF NET INCOME FOR THE YEAR ENDED
MARCH 31, 1968
(With Corresponding Figures for the Year Ended March 31, 1967)
1968 1966
GROSS REVENUES   $201,469,898 $178,146,926
EXPENSES:
Salaries, wages, and employee benefits .
Materials and services	
Grants, school taxes, etc	
Provision for depreciation	
Interest and other costs on debt (Note 3).
Less interest charged to construction ...
NET INCOME, transferred to stabilization of rates and
contingency reserve (Note 5)	
$43,999,168
$40,141,462
43,340,818
36,655,844
13,265,734
11,351,142
34,739,611
31,673,951
$74,334,668
$61,249,033
21,100,736
12,275,460
48,973,573
$188,579,263
$168,795,972
$12,890,635
$9,350,954
 BRITISH COLUMBIA HYDRO AND POWER AUTHORITY—Continued
NOTES TO FINANCIAL STATEMENTS AS AT MARCH 31, 1968
Note 1—Long-term Debt:
Issued by British Columbia Hydro and Power Authority
Bonds:
5V4 per cent Series A due May 1, 1982.
3!4 per cent Series B due October 1, 1979 .
5 per cent Series C due March 1, 1993	
514 per cent Series D due May 1, 1993 .
5Vi per cent Series F due June 1, 1993 .
5'/4 per cent Series G due October 15, 1993	
5!_4 per cent Series H due December 15, 1993	
5V4 per cent Series J due March 1, 1994	
5.4 per cent Series L due July 2, 1994.
51/. per cent Series M due December 15, 1994 .
5Vi per cent Series N due March 15, 1995	
5% per cent Series S due September 15, 1995 _
5Vi per cent Series T due December 29, 1995..
5% per cent Series U due April 18, 1991	
5% per cent Series X due July 1, 1991  	
5% per cent Series Y due July 2, 1991 .
6!4 per cent Series Z-A due September 23, 1991.
614 per cent Series AG due December 1, 1991 _..
5% per cent Series AH due January 2, 1992	
6V4 per cent Series Z-B due January 9, 1992	
5.46 per cent Series W-A due February 1, 1987 _.
5.36 per cent Series V-N due March 2, 1987 __
6 per cent Series AJ due March 15, 1992	
5.39 per cent Series V-P due April 4, 1987	
5.37 per cent Series V-R due May 2, 1987	
6 per cent Series BA due May 29, 1992	
6'4 per cent Series AK due June 1, 1992	
5.48 per cent Series V-S due June 2, 1987	
6.10 per cent Series AL-A due July 2, 1992	
6V. per cent Series AM due July 4, 1992	
5.56 per cent Series V-T due July 4, 1987	
6V4 per cent Series BB due July 19, 1992 _.
5.61 per cent Series V-U due August 1, 1987	
5.61 per cent Series V-V due September 1, 1987..
5.69 per cent Series V-W due October 3, 1987-.
6'/_ per cent Series AP due November 1, 1992	
6.14 per cent Series V-X due November 2, 1987-
6.27 per cent Series V-Y due December 1, 1987..
6.44 per cent Series V-Z due January 3, 1988	
6.51 per cent Series V-A due February 1, 1988—.
6% per cent Series BC due February 1, 1993	
6% per cent Series Z-S due February 15, 1993—
6% per cent Series Z-T due February 15,  1993	
6.53 per cent Series V-B due March 4, 1988	
6% per cent Series AR due March 29, 1993	
1968
1967
$32,496,300
$32,496,300
10,000,000
10,000,000
15,000,000
15,000,000
25,000,000
25,000,000
10,000,000
10,000,000
15,000,000
15,000,000
10,000,000
10,000,000
10,000,000
10,000,000
10,000,000
10,000,000
20,000,000
20,000,000
10,000,000
10,000,000
10,000,000
10,000,000
29,000,000
29,000,000
40,000,000
40,000,000
5,000,000
5,000,000
50,000,000*
50,000,000'
—
1,000,000
20,000,000
20,000,000
50,000,000*
50,000,000*
—
3,000,000
80,396,000
80,396,000
9,088,000
9,088,000
25,000,000
25,000,000
8,618,000
—
9,310,000
—
2,500,000
—
50,000,000*
—
8,571,000
—
10,000,000
—
25,000,000
—
9,084,000
—
4,000,000
—
9,496,000
—
8,593,000
—
8,114,000
—
20,000,000
—
7,397,000
—
6,325,000
—
4,963,000
—
5,442,000
—
10,200,000
—
3,300,000
—
4,200,000
—
10,688,000
—
10,000,000
—
Issued by the Former British Columbia Electric Company Limited
First mortgage bonds, after deducting bonds redeemed  in accordance
with sinking fund requirements:
3<4 per cent Series B due October 1, 1967-   __ — 7,148,000
3% per cent Series C due April 1, 1968    12,074,000 12,424,000
3% per cent Series D due February 1, 1969    _.. 11,995,000 12,350,000
3V_ per cent Series E due March 1, 1975    14,120,000 14,592,000
4 per cent Series F due July 1, 1991    2,702,000 2,800,000
3% per cent Series G due December 1, 1976     15,482,000* 15,870,000*
43/4 per cent Series H due December 1, 1977 _   11,555,000 11,903,000
4% per cent Series I due February 1, 1979   11,828,000 12,168,000
3% per cent Series J due June 1, 1980    12,236,000 12,544,000
454 per cent Series K due February 1, 1981 _   24,559,000 25,209,000
5 per cent Series L due February 1, 1982   33,686,000 34,499,000
5Yb per cent Series M due January 2, 1988  43,022,000 44,001,000
5V2 per cent Series N due March 1, 1989   26,405,000 26,961,000
6V& per cent Series O due April 1, 1990    27,444,000 27,881,000
5% per cent Series P due May 1, 1991   -   13,945,000 14,159,000
 BRITISH COLUMBIA HYDRO AND POWER AUTHORITY—Continued
NOTES TO FINANCIAL STATEMENTS AS AT MARCH 31, 1968—Continued
Note 1—Long-term Debt—Continued
Issued by the Former British Columbia Electric Company Limited—Continued
Perpetual callable bonds:
4 per cent .
414 per cent .
4'/_ per cent .
4% per cent .
5 per cent 	
5V- per cent .
1968
1967
$365,300
$405,900
125,950
132,700
237,800
254,800
601,950
659,550
532,450
568,350
371,950
390,750
11,634,700
11,594,100
10,874,050
10,867,300
14,762,200
14,745,200
25,811,450
25,753,850
24,467,550
24,431,650
14,628,050
14,609,250
36,000,000
36,400,000
25-year callable bonds due August 1, 1986:
4 per cent Series AA	
414 per cent Series AB	
4V_ per cent Series AC	
4% per cent Series AD	
5 per cent Series AE 	
5V_ per cent Series AF	
Sinking fund debentures:
5% per cent Series A due April 1, 1977, after deducting debentures
redeemed in accordance with sinking fund requirements	
Issued by the Former British Columbia Power Commission
Bonds:
3 per cent Series A due October 1, 1967  — 7,000,000
3 per cent Series B due November 1, 1968  6,000,000 6,000,000
3% per cent Series C due September 15, 1991  3,000,000 3,000,000
4 per cent Series D due May 21, 1992  1,000,000 1,000,000
4 per cent Series E due June 15, 1992  1,000,000 1,000,000
4 per cent Series F due September 15, 1992  1,500,000 1,500,000
4 per cent Series G due November 1, 1988  10,000,000* 10,000,000*
314 per cent Series H due July 15, 1989  6,300,000* 6,300,000*
314 per cent Series J due July 4, 1975     10,000,000 10,000,000
5 per cent Series MC due September 15, 1982  5,149,000 5,149,000
5 per cent Series MD due September 15, 1992   18,724,000 18,724,000
5 per cent Series N due September 15, 1992  10,000,000 10,000,000
3 per cent Series S due April 1, 1976  17,738,000 17,738,000
3% per cent Series T due April 1, 1977 (payable in Canadian or
United States funds at option of holder)  9,285,000 9,285,000
Debentures:
3% per cent Series K due June 15, 1986  20,000,000* 20,000,000*
4% per cent Series L due April 15, 1987  25,000,000* 25,000,000*
3% per cent Series P due February 1, 1988  20,000,000* 20,000,000*
$1,287,943,700       $1,076,998,700
Exchange premium at date of issue on long-term debt payable in United
States funds   9,148,856 5,157,928
$1,297,092,556        $1,082,156,628
Less sinking funds on deposit with trustee, Minister of Finance for the
Province of British Columbia   _..        61,859,331 53,447,656
$1,235,233,225       $1,028,708,972
Classification on Balance-sheet
Long-term debt    $1,193,389,518       $1,003,226,345
Long-term debt payment due within one year, included in current and
accrued liabilities:
Sinking fund instalments  13,783,733 13,577,526
Debt maturities         28,059,974 11,905,101
$1,235,233,225       $1,028,708,972
* Payable in United States funds and carried at par exchange.
Note 2—Guarantee by Province of British Columbia.—The Government of the Province of British
Columbia has unconditionally guaranteed the principal and interest of the long-term debt and parity development bonds.
Note 3—Interest.—Included in interest and other costs on debt for the year ended March 31, 1968, is
$1,820,216 for amortization of discount and expense on long-term debt and parity development bonds, and there
has been deducted $3,210,747 for income from sinking fund investments.
 BRITISH COLUMBIA HYDRO AND POWER AUTHORITY—Continued
NOTES TO FINANCIAL STATEMENTS AS AT MARCH 31, 1968—Continued
Note 4—Columbia River Treaty.—The Authority is the Canadian entity for purposes of the Columbia
River Treaty between Canada and the United States and is required to construct three storage dams—Duncan,
Arrow, and Mica. Canada's entitlement to half the increased power generation in the United States resulting
from the construction of the three dams was sold to the Columbia Storage Power Exchange for periods of 30
years from the scheduled dates of completion of the respective dams. The consideration for this sale was
received by the Government of British Columbia and transferred to the Authority. Payments are receivable by
the Government of British Columbia for providing flood control as each of the storage dams becomes operational. Duncan storage project was declared operational on July 31, 1967, and a payment of $11,929,031 for
flood control was received and transferred to the Authority. Because Duncan Dam was completed ahead of
schedule, the Authority benefited by receiving a share of the additional power generated downstream in the
United States and Canada. These various payments and benefits, with interest, aggregated $344,628,253 as at
March 31, 1968:—
Amount received from the sale of entitlement to downstream benefits   $273,291,661
Flood-control benefits       __        11,929,031
Additional downstream benefits (net)              4,008,532
Interest (including charges to construction of $20,777,208)         55,399,029
$344,628,253
This amount has been applied as follows:—
Temporary investments and accrued interest (included in current assets) $35,584,310
Funds temporarily advanced to the Authority for general purposes, with interest at 6V4 per
cent          34,196,776
Expenditures on Duncan, Arrow, and Mica storage projects to March 31, 1968, including
interest charged to construction 274,847,167
$344,628,253
As operations of the Arrow and Mica storage dams are commenced, amounts aggregating $53,3000,000
(United States dollars) will be receivable by the Government of British Columbia for providing flood control.
Amounts receivable for flood control are subject to reduction if full operation of either of the storage dams is
not commenced within the time required by the treaty. Arrow is expected to become fully operative in 1968;
Mica is presently under construction and scheduled for completion in 1973.
If these storage dams are not completed so as to be fully operative by agreed dates, the Authority is liable
under certain covenants to make compensation to the Columbia Storage Power Exchange. The Authority also
has obligations relating to the operation and maintenance of these storage dams.
Note 5—Stabilization of Rates and Contingency Reserve:
Balance as at March 31, 1967       $63,447,080
Net income for the year ended March 31, 1968         12,890,635
Balance as at March 31, 1968      $76,337,715
Note 6—Pension Plans.—Substantially all employees of the Authority are covered under existing contributory pension plans, and provisions are being made for current services according to the requirements of the
various plans. Provision has been made for all past service costs under these plans with the exception of those
relating to a new contributory plan introduced effective January 1, 1965. Employees may elect, by a date to
be fixed by the Authority, to transfer from existing plans to the new plan. Some transfers will depend upon
a re-examination being made of recent amendments to the existing plans and of their relationship to the Canada
Pension Plan. Until it is known how many employees will transfer to the new plan, the amount of the past
service costs of this plan cannot be determined.
Note 7—Commitments.—In addition to the general commitment to construct the storage dams on the
Columbia River (Note 4) (the final costs of which cannot yet be determined), in respect of which the uncompleted portions of contracts entered into as at March 31, 1968, amounted to a total of $157,000,000, other
commitments and contracts of the Authority for capital projects and inventories of materials and supplies
aggregated approximately $135,000,000 as at March 31, 1968.
 LAND SETTLE
(Including Agricultural
STATEMENT OF FINANCIAL CONDITION
ASSETS
CASH IN BANK      $118,258
INVESTMENTS:
British Columbia Hydro and Power Authority 5V_  per  cent   parity  development  bonds  due
September 1, 1970  —      640,000
PRINCIPAL OUTSTANDING:
On mortgages .     $26,142
On agreements for sale        71,677
         97,819
ACCOUNTS RECEIVABLE:
Lister Waterworks debentures (matured January 1, 1950)     $65,000
Lister Waterworks debenture interest and charges  —     47,841
OVERDUE INTEREST:
On mortgages      $18,518
On agreements for sale .        2,026
PROPERTY ACQUIRED BY FORECLOSURE OF MORTGAGES:
Held for sale -     $19,991
Resold under agreements .         8,264
PROJECTS:
Land purchases and development $224,864
Sumas Drainage, Dyking, and Development District     337,441
112,841
20,544
28,255
562,305
$1,580,022
Certified correct.
D. BORTHWICK,
For Chairman.
STATEMENT OF REVENUE AND EXPENDITURE
REVENUE
INTEREST EARNED  $34,089
LEGAL FEES —         632
PROPERTY RENTALS      2,182
STUMPAGE—AREA 2 . .      1,350
$38,253
 MENT BOARD
Credit Commission)
.
AS AT DECEMBER 31, 1967
LIABILITIES
PROVINCE OF BRITISH COLUMBIA ADVANCES 	
SUSPENSE ACCOUNT 	
SURPLUS:
Land Settlement Board balance as at December 31, 1966 —_
$943,254
30
  $921,418
Add excess of revenue over expenditure for year ended  December 31, 1967     32,672
$954,090
Less deficit:
Agricultural Credit Commission balance as at December 31, 1966-
$322,695
Deduct excess of revenue over expenditure for year ended December 31,
1967          5,343
317,352
636,738
.
$1,580,022
The accounts of the Land Settlement Board for the year ended December 31, 1967, have been examined
under my direction. Assets are shown at book value, as the realizable value of unsold land and balances due
to the Board cannot at the present time be determined. Arrears of mortgages, agreements for sale, overdue
interest, and accounts receivable amount to $176,061. The amount due from the Sumas Drainage, Dyking,
and Development District is subject to the provisions of the Dyking Assessments Adjustment Act, 1947, and
the Dyking Assessments Adjustment Act, 1962. Except to the extent that they are modified by the provisions
of the Land Settlement and Development Act, the above statements of financial condition and relative revenue
and expenditure statement are, in my opinion, properly drawn up so as to exhibit a true and fair statement of
the position of the Board as at December 31, 1967, and the result of the operations for the year ended that
date, according to the best of my information and the explanations given to me and as shown by the books of
the Board.
C. J. FERBER, C.A.,
Comptroller-General, Province of British Columbia.
June 11,1968.
FOR THE YEAR ENDED DECEMBER 31, 1967
EXPENDITURE
INTEREST PAYMENTS APPLIED ON PRINCIPAL 	
$238
EXCESS  OF  REVENUE OVER  EXPENDITURE   FOR  THE   YEAR  ENDED   DECEMBER   31,
1967:
Land Settlement Board
Agricultural Credit Commission
$32,672
5,343
38,015
$38,253
 BRITISH COLUMBIA
STATEMENT OF FINANCIAL CONDITION
ASSETS
FERRY SYSTEM:
Cumulative expenditure to date	
Less provided by—
Province of British Columbia Debt Liquidation Grant.
Operational and subsidy credits to March 31, 1966	
Capital expenditures out of income, 1967 and 1968	
$56,122,841
$41,176,200
10,032,473
4,914,168
56,122,841
CURRENT:
Cash in banks and on hand
Temporary investments 	
Marine insurance claim and other receivables
Prepaid insurance 	
$107,148
3,880,219
175,419
422,220
$4,585,006
$4,585,006
Note.—All of the above assets and liabilities, other
than the self-liquidating debentures outstanding, were
transferred to the Province of British Columbia Department of Highways as of February 16, 1968, in accordance
with the British Columbia Ferry Authority (Vesting)
Act, 1968.
Approved on behalf of the Authority.
W. A. C. BENNETT,
Chairman.
G. S. BRYSON,
Secretary.
 FERRY AUTHORITY
AS AT FEBRUARY 16, 1968
LIABILITIES
NET DEBT:
Debentures outstanding (guaranteed by the Province of British Columbia).
Accrued interest  _
Provision for premium on U.S. issues.
Less sinking funds
CURRENT:
Accounts payable	
Contract retention and guarantee deposits	
GENERAL AND RATE MAINTENANCE RESERVE:
Balance at March 31, 1967	
Exhibit A
 $66,322,000
         622,820
      2,430,719
$69,375,539
    69,375,539
     $2,516,262
  119,463
    $1,815,311
Excess of revenue over expenditure for the period ended February 16,1968 (Exhibit B)        133,970
$2,635,725
1,949,281
$4,585,006
The accounts of the British Columbia Ferry Authority for the period ended February 16, 1968, have been
examined under my direction. In my opinion, the statement of financial condition (Exhibit A) and relative
revenue and expenditure statement (Exhibit B) are properly drawn up so as to exhibit a true and correct view
of the affairs of the Authority at February 16, 1968, and the result of the operations for the period ended that
date, according to the best of my information and the explanations given to me and as shown by the books of
the Authority.
C. J. FERBER, C.A.,
Comptroller-General, Province of British Columbia.
Victoria, B.C., May 13,1968.
 BRITISH COLUMBIA FERRY AUTHORITY—Continued
STATEMENT OF REVENUE AND EXPENDITURE FOR THE PERIOD
:._!:.':':.j APRIL 1, 1967, TO FEBRUARY 16, 1968
Exhibit B
REVENUE FROM TRANSPORTATION AND SERVICES.
EXPENDITURE:
Salaries and wages	
Operation and servicing of vessels.
Terminal and office expenses	
Advertising and publicity	
Other, including insurance	
CAPITAL EXPENDITURE OUT OF INCOME in lieu of depreciation.
INTEREST EARNED  ON TEMPORARY  INVESTMENTS.
$18,278,186
$8,246,309
5,705,334
1,233,309
122,518
573,024
EXCESS  OF  REVENUE  OVER  EXPENDITURE,  carried to General and Rate Maintenance
Reserve (Exhibit A)  .	
15,880,494
$2,397,692
2,498,479
$100,787
234,757
$133,970
 '
'
■    . -
: .••■.-• !
 PACIFIC GREAT EASTERN
BALANCE-SHEET AS
CURRENT ASSETS:
Cash and deposits
ASSETS
Temporary cash investments
Traffic accounts receivable	
Other accounts receivable 	
Materials and supplies 	
Interest receivable ~ 	
Special deposits and prepayments
Working Fund advances	
Total current assets
UNADJUSTED DEBITS __.
DEFERRED ASSETS:
Other investments—non-rail .
Deferred contract payments
Discount on funded debt 	
ROAD AND EQUIPMENT PROPERTY:
Investment as at December 31st 	
Additions during year 	
Total investment 	
Deduct accumulated depreciation allowances
Miscellaneous non-operating property  	
1967
1966
$654,447
$354,006
410,700
1,894,000
2,539,101
3,852,859
1,716,772
1,488,234
2,692,097
3,537,098
—
46,372
9,461
68,893
12,741
12,131
$8,035,319
$11,253,593
$236,320
$218,757
$211
$1,083
559,182
730,179
1,429,163
1,410,982
$1,988,556
$2,142,244
$232,827,083 $215,726,066
8,991,434      17,101,017
$241,818,517 $232,827,083
9,343,412       8,075,702
$232,475,105 $224,751,381
760,164 768,442
$233,235,269 $225,519,823
Note 1.—Series G debentures totalling $3,000,000 are redeemable annually, 1964-
1988, inclusive, in prescribed amounts as set out in the Debenture Agreement.
$243,495,464 $239,134,417
ROBERT D. MILLER,
Comptroller.
 RAILWAY COMPANY
AT DECEMBER 31, 1967
LIABILITIES, CAPITAL, AND I  2TAINED INCOME
CURRENT LIABILITIES:
Traffic accounts payable   	
Accounts payable  	
Guarantee deposits and holdbacks
Accrued charges
Other current liabilities
Total  current  liabilities
UNADJUSTED   CREDITS   	
DEFERRED LIABILITIES:
Notes payable
Insurance reserve .
Other   —
FUNDED DEBT:
314 per cent sinking fund bonds, October 15, 1984, Series A
3% debentures, June 15, 1981, Series B 	
per cent debentures, April 15, 1982, Series C	
5 per cent sinking fund bonds, December 2, 1982, Series D 	
4% per cent sinking fund bonds, December 15, 1987, Series E 	
4% per cent sinking fund debentures, March 1, 1988, Series G (Note 1)
4V_ per cent sinking fund debentures, April 1, 1994, Series H  	
5% per cent sinking fund bonds, June 1, 1991, Series J 	
5% per cent sinking fund bonds, September 1, 1991, Series K	
6 per cent sinking fund bonds, April 15, 1992, Series M	
Less sinking fund deposits, Series A to E and H, J, and K 	
5V_ per cent parity development bonds, September 15, 1971, Series L
GRANT IN AID OF CONSTRUCTION:
Government of Canada 	
CAPITAL STOCK AND RETAINED INCOME:
Capital stock:
Authorized—905,729 shares at $100 each
Exhibit A
1967
1966
$2,756,169
1,072,867
140,573
2,285,755
410,700
$1,295,979
1,549,395
122,985
2,374,970
1,894,000
$6,666,064     $7,237,329
$120,746 $176,405
—     $3,000,000
$450,604    50,000
908,182    832,854
$1,358,786  $3,882,854
500,000
000,000
000,000
000,000
,000,000
725,000
000,000
000,000
500,000
000,000
$4,500,000
10,000,000
20,000,000
10,000,000
30,000,000
2,799,000
10,000,000
14,000,000
7,500,000
$118,725,000 $108,799,000
18,909,371      15,900,088
$99,815,629    $92,898,912
50,505,000     50,505,000
$150,320,629    143,403,912
$1,250,000      $1,250,000
$90,572,900    $90,572,900
Issued—905,729 fully paid shares to Her Majesty in right of the Province of
British  Columbia  	
Retained income:
Deficit at December 31 	
Less profit for year, Exhibit B	
$90,572,900    $90,572,900
7,388,983
595,322
6,828,398
560,585
$6,793,661      $7,388,983
$83,779,239    $83,183,917
$243,495,464 $239,134,417
AUDITOR'S REPORT
(Report by Buttar and Chiene, Chartered Accountants, Vancouver, B.C., upon the Accounts of the Pacific
Great Eastern Railway Company, as at December 31, 1967)
We have examined the balance-sheet of the Pacific Great Eastern Railway Company as at December 31,
1967, and the statement of consolidated income for the year ended on that date and have received all the
information and explanations required by us.
The statements for the current year are prepared in conformity with the Uniform Classification of Accounts
prescribed by the Board of Transport Commissioners for Canada.
Our examination included a general review of the accounting procedures and such tests of accounting
records and other supporting evidence as we considered necessary in the circumstances.
In our opinion, and according to the best of our information, the explanations given to us and as shown
by the books of the Company, the accompanying balance-sheet and statement of consolidated income present
fairly the financial position of the Company as at December 31, 1967, and the results of its operations for the
year ended on that date, in accordance with generally accepted accounting principles applied on a basis consistent
with that of the previous year.
Reported by,
BUTTAR & CHIENE,
Chartered Accountants.
Vancouver, B.C., January 24, 1968.
 PACIFIC GREAT EASTERN RAILWAY COMPANY—Continued
STATEMENT OF CONSOLIDATED INCOME FOR THE
YEAR ENDED DECEMBER 31, 1967
Exhibit B
OPERATING REVENUES:
Freight   	
Switching
Passenger
Express ...
Communications  	
Rents of buildings and other property
Miscellaneous income 	
Foreign exchange  	
OPERATING EXPENSES:
Maintenance of way and structures
Maintenance of equipment	
Traffic expenses   	
Transportation expenses
General expenses 	
Equipment rents 	
Railway tax accruals 	
Commercial  communications
REVENUE FROM RAILWAY OPERATIONS BEFORE DEPRECIATION ...
Add non-operating income 	
NET INCOME BEFORE DEPRECIATION, INTEREST ON DEBT, AND AMORTIZATION OF BOND DISCOUNT -	
Deduct—
Interest on funded and unfunded debt
Amortization of discount on funded debt
NET PROFIT BEFORE DEPRECIATION
Less depreciation for the year	
NET PROFIT FOR YEAR, carried to balance-sheet, Exhibit A
1967
1966
$22,527,964
$16,865,194
694,188
463,362
238,407
246,655
50,024
58,094
406,484
354,263
157,285
167,850
155,900
109,303
130,013
52,677
$24,360,265
$18,212,044
$3,294,783
$2,515,319
2,759,866
2,431,905
239,553
197,207
7,416,723
5,944,169
775,758
674,047
767,174
699,888
70,101
57,565
180,776
144,862
$15,504,734
$12,664,962
$8,855,531
$5,547,082
1,284,962
2,508,840
$10,140,493
$8,055,922
$6,966,833
$6,658,098
155,313
157,468
$7,122,146
$6,815,566
$3,018,347
$1,240,356
2,423,025
1,800,941
$595,322
$560,585
 BRITISH COLUMBIA SCHOOL DISTRICTS CAPITAL
FINANCING AUTHORITY
STATEMENT OF FINANCIAL CONDITION AS AT MARCH 31, 1968
ASSETS:
Debentures of various school districts, 4V_-614 per cent, redeemable 1968-88, at
par value, issued to Authority to completely offset liability as shown $196,685,000
Less sinking fund provision (per contra)         3,101,943
LIABILITIES:
Funded Debt Outstanding at March 31, 1968
A. Payable in Canada in Canadian dollars:
514 per cent serial debentures	
5Vs per cent serial debentures-
6V. per cent sinking fund debentures	
614 per cent sinking fund debentures	
6% per cent sinking fund debentures	
6% per cent sinking fund debentures	
6% per cent sinking fund debentures	
Date of
Issue
Nov. 15, 1963
Sept. 1, 1965
Nov. 1, 1966
Feb. 15, 1967
Nov. 15, 1967
Dec. 15, 1967
Jan.   15, 1968
Date of
Maturity
Nov. 15, 1968-83
Sept.   1, 1968-85
Nov.   1, 1986
Feb. 15, 1987
Nov. 15, 1987
Dec. 15, 1987
Jan.  15, 1988
Total payable in Canada in Canadian dollars
B. Payable in New York in U.S. dollars:
5 per cent serial debentures	
4% per cent serial debentures	
4% per cent serial debentures	
4V_ per cent serial debentures	
4% per cent instalment debentures	
4% per cent instalment debentures	
5 per cent sinking fund debentures-.
5V_ per cent sinking fund debentures	
5Vb per cent sinking fund debentures.	
5V_ per cent (aver.) sinking fund debentures	
May 15,
July 15,
Apr. 1,
Sept. 1,
Feb. 1,
Apr. 15,
Feb. 15,
May 9,
Apr.  15,
1963
1963
1964
1964
1965
1965
1966
1966
1967
May 15,
July 15,
Apr. 1,
Sept. 1,
Feb. 1,
Apr. 15,
Feb. 15,
May 9,
Apr. 15,
1968-83
1968-83
1968-84
1968-84
1985
1985
1986
1986
1987
Oct.   15, 1967      Oct.   15, 1987
Total payable in New York in U.S. dollars
Total funded guaranteed debt
Less sinking fund investments (at par value plus accrued interest)_
Net funded guaranteed debt	
$193,583,057
Principal
Amount
Outstanding
Mar. 31, 1968
$4,000,000
9,000,000
20,000,000
25,000,000
1,000,000
15,000,000
10,000,000
$84,000,000
$4,000,000
4,000,000
8,500,000
8,500,000
8,500,000
9,000,000
12,000,000
20,000,000
25,000,000
13,185,000
$112,685,000
$196,685,000
3,101,943
$193,583,057
The accounts of the British Columbia School Districts Capital Financing Authority have been examined
under my direction. In my opinion the above statement of financial condition and the accompanying statement
of receipts and disbursements are properly drawn up so as to show a true and correct statement of the affairs of
the Authority at March 31, 1968, according to the best of my information and the explanations given to me and
as shown by the books of the Authority.
C. J. FERBER, C.A.,
Comptroller-General, Province of British Columbia.
Victoria, B.C., June 12, 1968.
STATEMENT OF RECEIPTS AND DISBURSEMENTS FOR THE
YEAR ENDED MARCH 31, 1968
RECEIPTS:
Net proceeds of sale of 514-6% per cent debentures of the Authority (including U.S. premium),
redeemable 1987-88 (par value, $64,185,000)
Redemptions of various school district debentures, par value
Interest received from various school districts (at par)	
$65,055,972
3,250,000
8,022,812
$76,328,784
DISBURSEMENTS:
Purchase of 5V_-6% per cent debentures of various school districts, redeemable 1987-88 (par
value,  $64,185,000)
Redemption of debentures of the Authority, par value
Interest paid (at par)	
$65,055,972
3,250,000
8,022,812
$76,328,784
Note.—Printing costs and other charges in connection with the debenture issues have been charged directly
to the school districts.
 WORKMEN'S COMPENSATION BOARD
STATEMENT OF ASSETS AND LIABILITIES (FUND BALANCES)
AS AT DECEMBER 31, 1967
Exhibit A
ASSETS
CASH IN BANK         $962,994
INVESTMENTS at cost or par, whichever is lower, including accrued interest  (market value,
$155,146,858)—
Short-term bank deposits $10,082,198
Other   173,644,547
     183,726,745
PROVINCE OF BRITISH COLUMBIA future grants in accordance with  Provincial
Order in Council No. 565/66 $10,000,000
Deduct grants received      4,375,000
5,625,000
Total assets  __ $190,314,739
LIABILITIES (FUND BALANCES)
CURRENT FUND:
Actuarial provision for costs of accident claims incurred and in process but not fully paid—
Charged to implementation costs	
Charged to classes	
Balance to be collected from future assessments	
Balance at the credit of silicosis class	
Contingent fund—section 34 (1) (6) .
Disaster fund—section 34 (1)  (d)	
PENSION RESERVES (Exhibit B):
Provision for life and term pensions awarded .
Accident
Fund
Silicosis
Fund
	
	
$2,945,777
$42,330,648
—
(12,539,864)
—
—
$185,436
481,435
—
936,910
—
$31,209,129
$185,436
31,394,565
$149,464,451
6,509,946
155,974,397
Total liabilities (fund balances) $190,314,739
Approved on behalf of the Board.
J. E. EADES, Q.C., Chairman.
 WORKMEN'S COMPENSATION BOARD—Continued
STATEMENT OF ASSETS AND LIABILITIES (FUND BALANCES)
AS AT DECEMBER 31, 1967—Continued
Exhibit A
ACTUARY'S CERTIFICATE
We certify that as at December 31, 1967, the following amounts, which were examined by us, make safe and
reasonable provision for the applicable liabilities and were calculated upon accepted actuarial principles and
factors including statistical ratios developed from past experience and the assumptions as to rates of interest,
mortality, remarriage, and changes in the Consumer Price Index recommended or confirmed by us and adopted
by the Board:
A. Accident Fund:
(1) Present value of future payments on life or term pensions awarded to date $148,645,776
(2) Present value of future benefits not yet awarded in respect of accidents incurred
to date	
(The portion or this amount which is the present value of the increases, arising from the 1965 amendments to the Act, in future benefits not yet awarded for
accidents incurred to December 31, 1965, is $2,945,777.)
B. Silicosis Fund:
(1) Present value of future payments on life or term pensions awarded to date	
(2) Present value of future benefits not yet awarded in respect of silicosis claims incurred to date ,	
45,276,425
6,443,402
1,545,738
BYRON STRAIGHT & CO., Consulting Actuaries.
AUDITOR'S CERTIFICATE
The accounts of the Workmen's Compensation Board for the year ended December 31, 1967, have been
examined under my direction and I have obtained all the information and explanations I have required.
The accompanying statements of assets and liabilities (fund balances) and the condensed statement of fund
transactions are as shown by the books of the Board.
In my opinion, the accompanying statement of assets and liabilities (fund balances) and the condensed
statement of fund transactions present fairly the financial condition of the Board as at December 31, 1967, and
the results of its operation for the year then ended.
C. J. FERBER, C.A.,
Comptroller-General, Province of British Columbia.
 WORKMEN'S COMPENSATION BOARD—Continued
CONDENSED STATEMENT OF FUND TRANSACTIONS FOR THE
YEAR ENDED DECEMBER 31, 1967
INCOME—Additions to fund:
Assessments collected from employers.
Investment income, net	
Current
Funds
$51,042,592
931,571
Pension Reserves
Accident       Silicosis
Fund Fund
$6,252,656      $284,919
Exhibit B
Consolidated
Funds
$51,042,592
7,469,146
$51,974,163        $6,252,656       $284,919     $58,511,738
EXPENDITURE—Net reductions to fund:
Cost of workmen's claims—
Time-loss compensation paid	
Medical aid provided	
 $12,807,397
      6,114,881
$12,807,397
6,114,881
Pensions awarded—capitalized values transferred
to reserves i	
12,523,366    ($12,271,489)   ($303,898)       ($52,021)
$31,445,644
Operating expenses—
Vocational rehabilitation
$156,352
Accident prevention, industrial hygiene, first aid
and investigation, etc.  .	
General and administration expense	
Pensions paid from reserves—to workmen and  (or)
their dependents '.—_ _
Cost of increases—section 27 (6), 1967 amendment-
Awarded 	
Charged to classes	
The Province of British Columbia—grant.
Implementation costs—additional requirement—interest
816,361
3,379,708
10,542,655
(477,195)
(276,065)
678,300
(69,803)
(9,864)
$4,352,421
4,352,421
$273,499
285,929
11,220,955
(273,499;
$559,428
$36,357,493
($2,482,094)
$294,735
$34,170,134
ADDITIONS TO FUNDS for the year.
REDUCTIONS TO FUNDS for the year	
ADD—FUND BALANCES at January 1, 1967 .
$15,616,670       $8,734,750 $24,341,604
$9,816 —
15,777,895      139,920,380     6,519,762     162,218,037
$31,394,565   $148,655,130   $6,509,946   $186,559,641
IMPLEMENTATION COSTS—Claims in process January
1, 1967—
Processed during 1967—actuarial valuation	
Still in process	
FUND BALANCES at December 31, 1967	
809,321
2,945,777
3,755,098
$34,340,342   $149,464,451    $6,509,946    $190,314,739
 WORKMEN'S COMPENSATION BOARD—Continued
INVESTMENTS HELD AS AT DECEMBER 31, 1967
Government of Canada	
Canadian National Railway	
Province of British Columbia.
Province of Ontario	
British Columbia Highway and Toll Authority.
British Columbia Power Commission	
British Columbia Electric Company Limited	
British Columbia Hydro and Power Authority.
Pacific Great Eastern Railway	
Greater Vancouver Water District	
Greater Vancouver Sewerage and Drainage Board	
British Columbia School Districts Capital Financing Authority.
District of Burnaby 	
City of Vancouver   	
Vernon Irrigation District  	
Valleyview Irrigation District	
Ontario Hydro-electric Commission   	
Quebec Hydro-electric Commission	
Alberta Government Telephone Commission	
British Columbia school districts, unconditionally guaranteed by the Province of British Columbia	
Accrued interest
Par Value
Book Value
$16,870,000
$16,712,850
4,900,000
4,816,125
3,864,000
3,783,877
9,825,000
9,662,124
13,000,000
12,650,000
10,735,000
10,458,793
14,697,500
14,237,300
43,176,900
42,614,651
8,267,000
7,997,453
4,915,000
4,759,907
5,125,000
5,098,350
4,403,000
4,321,322
93,000
89,336
500,000
496,250
500,000
486,150
505,000
491,011
20,381,000
20,188,375
290,000
287,937
800,000
784,000
12,037,400
11,563,770
$174,884,800
$171,499,581
2,144,966
$173,644,547
Printed by A. Sutton, Printer to the Queen's Most Excellent Majesty
in right of the Province of British Columbia.
1968
2M-668-4959
   

Cite

Citation Scheme:

        

Citations by CSL (citeproc-js)

Usage Statistics

Share

Embed

Customize your widget with the following options, then copy and paste the code below into the HTML of your page to embed this item in your website.
                        
                            <div id="ubcOpenCollectionsWidgetDisplay">
                            <script id="ubcOpenCollectionsWidget"
                            src="{[{embed.src}]}"
                            data-item="{[{embed.item}]}"
                            data-collection="{[{embed.collection}]}"
                            data-metadata="{[{embed.showMetadata}]}"
                            data-width="{[{embed.width}]}"
                            async >
                            </script>
                            </div>
                        
                    
IIIF logo Our image viewer uses the IIIF 2.0 standard. To load this item in other compatible viewers, use this url:
https://iiif.library.ubc.ca/presentation/cdm.bcsessional.1-0364469/manifest

Comment

Related Items