7:ebegiter Budget l'sti- Is , ms iu mate for
1595-95. 1505-96.
Ntional Debt Services £25,C00,000 ....t25,000,000
Other Consolidated Fund Services ... 1M2,000 ... 1,625,000 Total Consolidated Fund Services.. £26,642,000 ... £26,625,000 Army (including Ordnance Factories) £17,900,000 ... £17,984,000
18,701,000 10 298,000 2,702,000 7,134,0;10 2,806,000 732,000
Total Supply Services ..t67,270,000 ... £69,357,000
Total Expenditure ... .V3,918,000 £95,9S2,000 Hence the expenditure next year is to rise by over £2,000,000, the greater part of which will go to the Navy. On the other hand, the revenue for 1895 is estimated to work out on the existing basis of taxation—existing being taken to exclude the extra taxes on spirits and tobacco, which expire in July— at £05,662,000. But if the expenditure is to be £95,982,000, as in the estimate, there would be "an apparent deficit" of over £300,000 to be met by extra taxation. Sir William Harcourt proposes, therefore, to reimpose the Gd. duty on beer, which, since it is worth about £500,000, will meet the deficiency, and leave a margin of nearly E200,000. The final balance-sheet of the Budget, therefore, stands thus:—
Estimated Revenue ...
£96,162,000 Estimated Expenditure 95,982,000 Estimated Surplus £180,000
:Navy ... ... ... ...
Civil Services ... ... ... Customs and Inland Revenue
Pos', Office ... ... ...
Telegraph Service Packet Service ... ... •••
17.515,000 18,015.000 2.010,000 6,860,000 2,671,000 '727,000
••• ••• ••• ••• ••• •••
Previous page
