31 DECEMBER 1937, Page 30

REVENUE PROSPECTS.

In view of the necessary growth in the National Expenditure, it is satisfactory to note that the Revenue is coming in fairly well, and the latest Weekly Return of the Exchequer shows that Receipts through Income Tax show a gain of well over £12,600,000. Customs Revenue continues to go ahead. The same may also be said with regard to Excise, but in view of the slackening of business on the Stock Exchange it is not surprising that Stamp Revenue should be falling short of official hopes.