Mr. Goschen explained his Budget on Monday evening. The Expenditure

of the year ending on March 31st had been 2941,072 less than the original Budget Estimate, and the total Revenue had been 21,645,000 above the Estimate. The account stood thus :—

EXPENDITURE (1888-89). REVENUE (1888-89).

Consolidated Fund Charges.. £27,854,580 Customs £20,067,000 Army 15,950,000 Excise 25.600,000 Navy 12,999,895 Stamps 12,270,000 Civil Service 17,672,986 Land-tax 1,020,000 Customs 926,889 House-duty 1,940,000 Inland Revenue 1,791,333 Property and Income Tax... 12,700,000 Post Office 5.667,849

£73.597,000 Telegraphs 1,965,000 Tax Revenue Packet Service 037,502

£9,100,000

Post Office

Telegraphs 2,080,000

Crown Lands 430,009

Interest on Advances 244,000

Miscellaneous

3,022,000

Non-tax Revenue £14,876,000

£85,666,034 Total Revenue 288,473,000

Adding together the saving in Expenditure, the excess of Revenue, and the original surplus allowed for (namely, 2212,000), the surplus for last year amounts to 22,798,000 available for the payment of Debt, the largest realised surplus since 1873-74.