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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