VIII. REVENUES; DEBTS; ASSETS; TAXATION
102. All Duties and Revenues over which the respective
Legislatures of Canada, Nova Scotia, and New Brunswick before and
at the Union had and have Power of Appropriation, except such
Portions thereof as are by this Act reserved to the respective
Legislatures of the Provinces, or are raised by them in
accordance with the special Powers conferred on them by this Act,
shall form One Consolidated Revenue Fund, to be appropriated for
the Public Service of Canada in the Manner and subject to the
Charges of this Act provided.
103. The Consolidated Revenue Fund of Canada shall be
permanently charged with the Costs, Charges, and Expenses
incident to the Collection, Management, and Receipt thereof, and
the same shall form the First Charge thereon, subject to be
reviewed and audited in such Manner as shall be ordered by the
Governor General in Council until the Parliament otherwise
provides.
104. The annual Interest of the Public Debts of the
several Provinces of Canada, Nova Scotia, and New Brunswick at
the Union shall form the Second Charge on the Consolidated
Revenue Fund of Canada.
105. Unless altered by the Parliament of Canada, the
Salary of the Governor General shall be Ten thousand Pounds
Sterling Money of the United Kingdom of Great Britain and
Ireland, payable out of the Consolidated Revenue Fund of Canada,
and the same shall form the Third Charge thereon.
106. Subject to the several Payments by this Act
charged on the Consolidated Revenue Fund of Canada, the same
shall be appropriated by the Parliament of Canada for the Public
Service.
107. All Stocks, Cash, Banker's Balances, and
Securities for Money belonging to each Province at the Time of
the Union, except as in this Act mentioned, shall be the Property
of Canada, and shall be taken in Reduction of the Amount of the
respective Debts of the Provinces at the Union.
108. The Public Works and Property of each Province,
enumerated in the Third Schedule to this Act, shall be the
Property of Canada.
109. All Lands, Mines, Minerals, and Royalties
belonging to the several Provinces of Canada, Nova Scotia, and
New Brunswick at the Union, and all Sums then due or payable for
such Lands, Mines, Minerals, or Royalties, shall belong to the
several Provinces of Ontario, Quebec, Nova Scotia, and New
Brunswick in which the same are situate or arise, subject to any
Trusts existing in respect thereof, and to any Interest other
than that of the Province in the same.
110. All Assets connected with such Portions of the
Public Debt of each Province as are assumed by that Province
shall belong to that Province.
111. Canada shall be liable for the Debts and
Liabilities of each Province existing at the Union.
112. Ontario and Quebec conjointly shall be liable to
Canada for the Amount (if any) by which the Debt of the Province
of Canada exceeds at the Union Sixty-two million five hundred
thousand Dollars, and shall be charged with Interest at the Rate
of Five Per Centum per Annum thereon.
113. The Assets enumerated in the Fourth Schedule to
this Act belonging at the Union to the Province of Canada shall
be the Property of Ontario and Quebec conjointly.
114. Nova Scotia shall be liable to Canada for the
Amount (if any) by which its Public Debt exceeds at the Union
Eight million Dollars, and shall be charged with Interest at the
Rate of Five per Centum per Annum thereon.
115. New Brunswick shall be liable to Canada for the
Amount (if any) by which its Public Debt exceeds at the Union
Seven million Dollars, and shall be charged with Interest at the
Rate of Five per Centum per Annum thereon.
116. In case the Public Debts of Nova Scotia and New
Brunswick do not at the Union amount to Eight million and Seven
million Dollars respectively, they shall respectively receive by
half-yearly Payments in advance from the Government of Canada
Interest at Five per Centum per Annum on the Difference between
the actual Amounts of their respective Debts and such stipulated
Amounts.
117. The several Provinces shall retain all their
respective Public Property not otherwise disposed of in this Act,
subject to the Right of Canada to assume any Lands or Public
Property required for Fortifications or for the Defence of the
Country.
118. Repealed.
119. New Brunswick shall receive by half-yearly
Payments in advance from Canada for the Period of Ten Years from
the Union an additional Allowance of Sixty-three thousand Dollars
per Annum; but as long as the Public Debt of that Province
remains under Seven million Dollars, a Deduction equal to the
Interest at Five per Centum per Annum on such Deficiency shall be
made from that Allowance of Sixty-three thousand Dollars.
120. All Payments to be made under this Act, or in
discharge of Liabilities created under any Act of the Provinces
of Canada, Nova Scotia, and New Brunswick respectively, and
assumed by Canada, shall, until the Parliament of Canada
otherwise directs, be made in such Form and Manner as may be from
Time to Time be ordered by the Governor General in Council.
121. All Articles of the Growth, Produce, or
Manufacture of any one of the Provinces shall, from and after the
Union, be admitted free into each of the other Provinces.
122. The Customs and Excise Laws of each Province
shall, subject to the provisions of this Act, continue in force
until altered by the Parliament of Canada.
123. Where Customs Duties are, at the Union, leviable
on any Goods, Wares, or Merchandises in any Two Provinces, those
Goods, Wares, or Merchandises may, from and after the Union, be
imported from one of those Provinces into the other of them on
Proof of Payment of the Customs Duty leviable thereon in the
Province of Exportation, and on Payment of such further Amount
(if any) of Customs Duty as is leviable thereon in the Province
of Importation.
124. Nothing in this Act shall affect the Right of New
Brunswick to levy the Lumber Dues provided in Chapter Fifteen of
Title Three of the Revised Statutes of New Brunswick, or in any
Act amending that Act before or after the Union, and not
increasing the Amount of such Dues; but the Lumber of any of the
Provinces other than New Brunswick shall not be subject to such
Dues.
125. No Lands or Property belonging to Canada or any
Province shall be liable to Taxation.
126. Such Portions of the Duties and Revenues over
which the respective Legislatures of Canada, Nova Scotia, and New
Brunswick had before the Union Power of Appropriation as are by
this Act reserved to the respective Governments or Legislatures
of the Provinces, and all Duties and Revenues raised by them in
accordance with the special Powers conferred upon them by this
Act, shall in each Province form One Consolidated Revenue Fund to
be appropriated for the Public Service of the Province.
Constitution Act 1867