exact state of the case he estimated expenditure for 1892-93

was £90,253,000; the actual expenditure, £90,375,000; excess, £122,000. The estimated revenue for 1892-93 was £90,453,000 ; the actual revenue was 290,395,000; deficit, £58,000. For the current year, the estimates of expenditure and of revenue (including the proposed additional ld. of Income-tax) are as follows

ESTIMATE OF EXPENDITURE, 1803.94. ESTIMATE OF REVENUE, 1893.91.

I. Consolidated Fund Services.

Customs £19,650,000 National Debt Services :

Excise 25,100,000 (a ) Inside the Fixed

Stamps 13,600,000 Charge £25,000,000 Land-tax 1,035,000 (1.) Outside the Fixed

House-duty

Charge 200,000 Property and Income Tax... 15,150,000 Naval-Defence Fund 1,429,000

Other Consolidated Fund

Exchequer Re ceipts Services 1,591,000 from Taxes £75,950,009 Total Consolidated Fund

Services Q28,320,000 Post Office £10,600,000

Telegraph Service 2,480,000

IL Supply Services. Crown Lands 430,000 Army (including Ordnance

Interest on Purchase.

Factories) £17,803,000 Money of Suez Canal

Navy 14,240,000 Shares, Sardinian Loan,

Civil Services 18 ISO 000 &c. 220,000 Customs atInland Revenue.

2,700,000

Miscellaneous 1,950,000 Post Office 6,791,000 Exchequer Receipts

Telegraph Service 2,739,000 from Non-Tax

Packet Service 735,000 Revenue £15,080,000 Total Postal Services £10,265,000

Total Supply Services £713,144,000

Total Expenditure £91,404,000 Total Revenue 1191,640,000

As the expenditure is estimated at £91,404,000, the balance for the year reserved against contingencies is only 2170,000.