Mr. Disraeli's estimate for the financial year now begun wax-

es. follows :—

Foa 1867-8.

REVENUE.

EXPENDITURE.

Customs .C22,000,000 Interest on Debt

.C26,000,000

Excise

20,700,000

Other Consolidated

Stamps

9,550,000

Fund Charges

1,900,0001

Assessed Taxes 8,500,000 Army

15,258,000'

Income Tax .

6,000,000 Navy 10,928,000

Crown Lands

340,000

Civil Service 8,203,000 Post Office

4,650,000

Revenue Departments

5,045,000

Miscellaneous

2,600,000

Packet Service 807,000

469,340,000

.C68,134,000

—showing an estimated surplus of 1,206,000/. Of this Mr. Disraeli proposes to apply 7,500,000/. to the reduction of Debt, which will increase, of course, the first item in the calculation oE expenditure by that sum, and to devote further 210,0001. to tho. reduction of the duty on marine insurance, which will, we sup- pose, if adopted, reduce the estimated amount of the stamp duties by that BM; and leave it 9,340,0001., instead of 9,550,0001., and make the total revenue of the year 69,130,0001., instead of 69,340,000/. Mr. Disraeli proposes to keep the remaining surplus of 246,000/. to guard against contingencies.