The Revenue accounts for the half-year are not very favourable.
The yield of the first half-year is always much worse than that of the second, and it may be that there will be no deficit, but there seems little chance of a considerable surplus. The following is the comparison between Mr. Disraeli's estimate and the first half-year's yield :—
YIELD OF FIRST HALF-YEAR ENDED HALF CHANCELLOR'S ESTIMATE SEPTEMBER 30. FOR THE YEAR.
CIIStODIS £11,001,000 £11,000,000
Excise 9,328,000 10,850,000 Stamps 4,747,000 4,775,000 Taxes 1,778,000 1,750,000 Income-Tax 2,225,000 3,000,000 Post Office 2,350,000 2,325,000 Crown Lands 144,000 170,000 Miscellaneous 1,122,665 1,300,000 £32,695,665 £84,670,000
The deficiency is chiefly in the Excise,—which is more than 1,000,000/. under the mark, —and in Income-Tax, which is nearly .1300,000/. under the mark. The latter, however, will, no doubt, , be more than pulled up in the latter half of the year, but with such a deficiency in the Excise Mr. Disraeli can entertain little hope of a surplus available for the remission of taxation.
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