1 MAY 1909, Page 1

From the revenue thus derived must be deducted, however, 2600,000,

which is to be spent on improved roads ; 2200,000, which is to go in agricultural development ; 2100,000, which will be required for labour exchanges ; and £60,000 for valuations, making a total of new expenditure of 2960,000. From these figures it will be seen that Mr. Lloyd George's completed Budget estimate is as follows :— Total estimated revenue plus additions ... £165,690,000 Total estimated expenditure plus additions .2166,102,000

Estimated surplus ..• .£488,000