FINANCE
43
The national expenditure falls under two categories ; I., the Consolidated Fund Charges, mainly bestowed on the National Debt ; and 11. , the Supply Services, including the Army, Navy, and Civil Service.
Branches of Expenditure
Year ending March 31, 1912
Budget Esti- mate 1912-13
I. Consolidated Fund :
i. National Debt Services : — Interest of Funded Debt . Terminable Annuities Interest of Unfunded Debt Management of Debt New Sinking Fund
£
15,202,702
3,517,569
1,158,842
173,181
4,447,706
£
■
24,500,000
£
24,500,000
ii. Development and Road
Improvement Funds iii. Other Consolidated Fund Services : — Civil List
Annuities and Pensions . Salaries, &c. Courts of Justice Miscellaneous .
470,000 317,745 56,572 523,000 325,525
1,709,859
1,692,842 9,636,399
1,225,000
1,709,000 9,584,000
iv. Payments to Local Tax- ation Accounts
Total Consolidated Fund Services II, Supply :
i. Army ....
Ordnance Factories
—
27,648,900 100
37,539,100
27,649,000 42,858,000
46,001,000
3,951,000 20,547,000
37,018,000
27,860,000 44,085,000
49,859,0001
4,254,000 23,809,000
ii. Navy ....
iii. Civil Services
iv. Customs and Excise and Inland Revenue
V. Post Office Services
—
Total Supply Services
141,006,000
149,867,000
Total Expenditure .
178,545,100
186,885,000
1 Including 12,200,0001. for Old Age Pensions; 18,729,000i. for Public Education ; and 2,845,000?. for National Insur.ince and Labour Exchanges.
'■ The exchequer issues for 1911-12 shown above are those with which the various departments were .supplied to meet all requirements, whether original or supplementary.