To go into more detail, here is the balance-sheet, as

drawn up in the Times, of the current financial year :- EXPI4NDITURE.

Navy .6 O. ••• 600 .6 £190,000,000

Array ••• ••• ••• 715,000,000 External Advances ... 423,000,000 Pro- and Post-Moratorium Bills ... 86,000,000 Ordinary National Services 170,000,000

Food Supplies, Minor Items, and Contingencies 56,000,000 Total •69 -.91,590,000,000

Rio/swum

On Existing Basis of Taxation.,.

£272,110,r.00 New Taxation ...

004

... 30,924,000 Revenue from Postal Changes ...

66.9

... 1,980,000 Total (in round figures) ...

6.0

£305,000,000 Estimated deficit

-.91,285,000,000 Estimated dead-weight debt

-.92,200,000,000