84]
ENGLISH HISTOKY.
ESTIMATED REVENUE FOR 1899-1900. Compared with Receipts of 1898-9.
[APRIL
Estimate, 1899-1900.
Exchequer
Receipts,
1898-9.
Customs
Excise
Estate, etc., Duties -
Stamp*
Land Tax
House Duty .... Property and Income Tax -
Post Office
Telegraph Service
Crown Lands -
Interest on Suez Canal Shares, etc.
Miscellaneous -
£
21,770,000
29,850,000
11,160,000
8,050,000
800,000
1,650,000
18,800,000
13,200,000
8,800,000
450,000
787,000
1,850,000
Total 111,157,000
Estimated Increase of Revenue in 1899-1900, 2,821,000/.
£
20,850,000
29,200,000
11,400,000
7,630,000
770,000
1,600,000
18,000,000
12,710,000
3,150,000
430,000
713,000
1,883,000
108,336,000
ESTIMATED EXPENDITURE FOR 1899-1900. Compared with the Issues of 1898-9.
Service.
National Debt
Other Consolidated Fund - Payments to Local Taxation Accounts
Army
Navy
Civil Services
Customs and Inland Revenue -
Post Office
Telegraph Service -
Packet Service
Estimate, 1899-1900.
£
23,000,000
1,603,000
1,147,000
20,617,000
26,595,000
22,180,000
2,813,000
8,563,000
3,638,000
781,000
Exchequer
Issues in
1898-9.
£
25,000,000
2,044,000
20,000,000
24,068,000
22,025,000
2,816,000
8,030,000
8,347,000
820,000
Total 110,927,000 108,150,000
Estimated Increase of Expenditure in 1899-1900, 2,777,000/.
Commenting on the estimated expenditure, the Chancellor of the Exchequer explained the principal causes of the increase, and pointed out that it followed a similar increase of more than 5,000,0002. last year, and that the total increase in our estimated expenditure, if they included the local taxation account, was no less than 19,076,0002. more than it was four years ago. During the time, however, that our naval and military expenditure had been constantly increasing no less than 29,296,000Z. had been devoted to paying off our old debt. In 1902 and 1904 no less than 7,000,0002. a year would fall into the new sinking fund, and if no fresh arrangements were made the fund would be increased until in 1905 it would amount to 9,214,000Z. a year. In his opinion it ought not to be allowed to increase to such an
