We now come to the Estimates of Revenue and Expenditure
for next year—that is, for the financial year 1911.12. The prospective balance-sheet is as follows Estimated Revenue ... • " ••• £181,621,000 Estimated Expenditure • .• ••• £181,284,000 Surplus
£337,000
The expenditure on the Navy shows an increase of £4,006,000 over that of last year, and a total increase in three years of £12,204,000. The total cost of old-age pensions last year was £9,798,000. This year it, will be £12,415,000, or an increase of £2,617,000. The Post Office expenditure, it is estimated, will be increased by £1,401,000. Next, the Coro- nation will cost £300,000, while payment of Members will require about £250,000. Fifty thousand pounds will also be required, if the Insurance Bill passes, for the first instalment of expenditure under the scheme.
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