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The Chancellor went on to say that the expenditure on

Supply Services for 1922-23 would be £546,500,000—£460,000,000 for ordinary services, £61,500,000 for special services and £25,000,000 for contingencies. The revenue, and expenditure, of about £24,000,000 for Southern Ireland disappeared from the accounts. The Chancellor called attention to the reduction of £218,500,000 as compared with the adjusted estimate of expenditure last year, and he promised that there would be further savings this year and next. " It is foolish to expect that you can do everything at one blow, even with an axe." The Consolidated Fund charges were £363,438,000 ; of this, £335,000,000 was for interest on debt, including £25,000,000 to be paid to America in October. The total expenditure would thus be £910,000,000.

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