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Page 8 BUDGET HIGHLIGHTS (Continued from page |) 1964-65 Supplementary Estimates total $15.4 million Special grants and payments include $3,520,000 to the Ontario Research Foundation to construct and equip new facilities at Sheridan Park. $75 per bed to all public hospitals in the Province, aggregating $3,615.000. $3,050,000 in special granis to teath- ing hospitals. $2,500,000 special grant to Wellés- ley Hospital in support of its medical, teaching and research functions. $1,640,000 in advance pay- ments to municipalities in respect of costs incurred for child welfare and $1,065,200 in other grants and payments. Expenditure - 1964-65. Net ordinary expenditure for 1964-65, before pro- viding $40,0 million for sinking fund and $143.0 '| million for financing capital payments out of ordin- ary revenue, amounts to $1,031.7 million, and net capital expenditure on physical assets is estimated at $263.6 million. The aggregate of net ordinary and capital expenditures, before provision for debt retirement, is thus estimated at $1,295.3 million, "an increase of $156.0 million over 1963-64. 1964-65 - Revenue. For 1964-65, net ordinary revenue and net capital receipts are estimated at $1,217.8 million, of which $2.1 million represents net capital receipts from th e 'sale of physical assets. This is an increase of $136.4 million over the preceding fiscal year. 1964-65 - Financial Position The buoyant economy has contributed to a substantial "rise in 1964-65 revenues which will allow over 70% of the capital program to be met out of current in- come. After providing $15.4 million in Supplemen- tary Estimates, the excess of expenditures over revenues w II be $77.5 million and the increase in net capital debt will be 4 27.4 million less than was anticipated a year ago. 1965-66 Expenditure For 1965-66, net ordinary expenditure, will increase $131.2 million over the current fiscal year. Net capital expenditure on physical assets will increase by $33.1 million to a record high of $296.7. Revenue. The combined net ordinary revenue and net capital receipts from the sale of physical assets are forecast at $1,318.5 million, an increase of $109.7 million over the corrent fiscal year. Revenues will fall short of meeting overall requirements by an estimated | $141.1 million. Education - 1965-66 Next expenditures of the Dept .of Education will rise by $62.6 million to $444.9 million. The anticipated increase in the Department's expenditures will repre- sent 38 percent of the total increase in the Budget for all purposes. School Grants The total amount available for school grants will be increased by $32.7 million to $331.0 million. This will mean that over the first two years of operation.of the Ontario Foundation Tax Plan the grants to school boards wil | have been stepped up by $97.3 million or 41.6%. Universities The: Provincial funds made available to universities THE NEWS February 18, 1965 in the form of operating iand special grants and cap-_ ital assistance will be increased by $64 .0 million to $163.3 million. The operating and special grants will be stepped up by $17.6 million to $63.3 million and the capital loans to be made available through the Ontario Universities Capital Aid corporation will be increased by $46.4 million to $100.00 Fur ther details on taxation and proposed changes in the act are outlined in detail in the budget state- ment of the Hon.James N.Allan, Treasurer of Ontario. This statement in the News office and is available to anyone who may be interested. VALENTINE TEA AND CAKE WALK HELD Bright red and white streamers attracted visitors Saturday afternoon when the Local Association to Guides and Brownies held a Valentine Tea and Cake Walk in the Community Church Hall. District Com- missioner, Mrs. S. Mikus, welcomed the guests and | the Girl Guides were active as servitors. Mesdames H. Hiebert and J, Newell convened the event and music was provided during the afternoon by Mesdame J. Roberts and C. Gould. A Valentine bouquet of white mums and red chen- ille hearts was flanked by white tapers and centred ° the teatable draped in white linen. Seated at the tea services during the afternoon were Mesdames A. Farrow, L. Downey, G. Sitch, M. Simmer, B. Tur- ner and S, Mikus. Replenishing were Mesdames J. St. Louis, A. Fraser and H. Lang. Mrs. G. Cotton with Guides Janice McInnes and Pat Simmer conducted the busy Cake Walk. AFTERNOON GROUP OF THE LADIES AUXILIARY The Afternoon Group of the Ladies Auxiliary met Monday in the Community Church, opening with a hymn accompanied at the piano by Mrs. M.Uzicanin Mrs. |. Reynolds conducted the worship period. Chairman Mrs. K. Graham welcomed the ladies and Mrs. L. Harris gave the minutes, financial state ment and correspondence. Discussing films for their March meeting, two were selected - one from the Cancer Society and the other on Canada's Foods... The work period found the ladies packing two cartons of old Christmas cards for shipment to the Retarded Children's School in Toronto, rolling the fast of the bandages for the lepers and counting Canada Packer labels. Members wilil .bring and sort good used clothing at their March meeting for ship- ment to the Salvation Army. Lunch was served. Get well wishes are extended to Mrs. Edith Chard a patient in McKellar Hospital, Fort William, Mrs. Jackie Calder and Mrs. Sadie Gaulin, patients in St. Joseph's Hospital, Port Arthur. Verna and Lorne Vezina welcomed another little member to their family last week, she is nineteen month old Germaine Lucy. Lucy now has three brothers, Dennis, Leonard and Glenn Vezina. A surprise party was held Sunday afternoon for Joan Persson as she celebrated her eleventh party. The girls played bingo and-other-games-and site the birthday cake and lunch.