The figures for the financial year just ended and Mr.
Snowden's estimates for 1924-25 may be most conveniently shown in the following table, which we take from the excellent summary in the Daily News :- 1923-24.
REVENUE (Actual) I EXPENDITURE (Actual) £837,169,000 £788,840,000 (£18,669,000 over Estimate) (£30,919,000 under Estimate) Surplus for Debt Redemption .. £48,329,000.
1924-25.
On Basis of Existing Taxation : REVENUE £828,100,000 1 • EXPENDITURE £790,026,000 Surplus , . .. £38,074,000..
Final Balance Sheet after alterations proposed :- REVENUE (Estimate) EXPENDITURE (Estimate) Customs a n d National Debt .. £350,000,000 Excise .. £237,700,000 Other Consolidated Motor Vehicles .. ' 15,600,000 Fund Services 34,840,000
Inland Revenue 432,250,000 Supply .. • • 405,186,000 Non-tax Revenue 108,500,000
Total .. £794,050,000 Total £790,026,000 SURPLUS .. . £4,024,000.
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