HC Deb 09 April 1888 vol 324 cc835-8
FINAL BALANCE SHEET, 1888–9, AS PROPOSED BY THE CHANCELLOR OF THE EXCHEQUER.
Estimate of Revenue. 1888–89
I.—PRODUCE OF TAXES. £
£
1. Customs 19,800,000
Add,—
Tax on Bottled Wines 125,000 19,925,000
2. Excise 25,560,000
Deduct,— £
Revision of Carriage Tax 30,000
Repeal of Hawkers' Licences 25,000
55,000 25,505,000
3. Stamps 12,740,000
Deduct,
One-half Probate Duty, to be handed over to Local Authorities 1,420,000
11,320,000
Add,
Increase to Succession Duty 50,000
Increased stringency in Collection 50,000
Tax on Foreign Securities and Bonds to Bearer 200,000
Tax on Contract Notes 50,000
Tax on Companies Issue 110,000
460,000
11,780,000
4. Land Tax 1,046,000
5. House Duty 1,890,000
6. Property and Income Tax 13,820,000
Deduct,
Allowance in respect of Schedule A. 20,000
Remission of 1d. 1,550,000
1,570,000
12,250,000
Produce of Taxes £. 72,396,000
II.—PRODUCE OF NON-TAX REVENUE.
1. Post Office 8,800,000
2. Telegraph Service 2,000,000
3. Crown Lands 390,000
4. Interest, &c., of Purchase Money of Suez Canal Shares, Sardinian Loan, &c. 241,000
5. Miscellaneous 3,000,000
Produce of Non-Tax Revenue £. 14,431,000
Total Revenue £ 86,827,000
FINAL BALANCE SHEET, 1888–9, AS PROPOSED BY THE CHANCELLOR OF THE EXCHEQUER.
Estimate of Expenditure. 1888–89
I.—CONSOLIDATED FUND. £
1. Debt Charges:
A. Inside the Fixed Charge:
Interest, &c. 26, 000,000
B. Outside the Fixed Charge:
Interest, &c., on Exchequer Bonds (Suez), and Cape Railway Bonds 214,000
2. Other Charges on the Consolidated Fund 1,647,000
Total Consolidated Fund £. 27,861,000
II.—SUPPLY.
1. Army 16,700,300
2. Army (Ordnance Factories) 30,000
3. Navy 13,082,800
£
4. Civil Services 18,145,293
Deduct,—
Grants in aid of Disturnpiked Roads 295,000 17,850,293
5. Customs and Inland Revenue (Collection) 2,745,549
6. Post Office 5,666,666
7. Telegraph Service 2,036,836
8. Packet Service 641,500
Total Supply £58,753,944
Total Expenditure £ 86,614,944
£
Estimated Surplus 212,056
Forward to