6 APRIL 1929, Page 31

EXCISE DISAPPOINTING.

- Both as regards Customs and Excise the results have failed to come up to Mr. Churchill's expectations. In the case of Customs, the figure is about £8,000,000 short, but in Eicise the movement is more serious, for whereas an increase of /8,818,000 was officially budgeted for, there is an actual shrinkage for the year of £5,200,000. Mis- cellaneous Revenue has done well, the OrdinaryReceipts being just about in accordance with the official Estimates, while the Special Receipts show an advance over the Estimate of more than £8,000,000.