§ Now I will mention income tax. The estimate was £15,530,000, as against £15,200,000 Exchequer receipts in 1893–4. The actual yield has been £15,600,000, an increase of £70,000 upon the estimate. A most remarkable approximation, considering the multifarious changes made under Schedule A, Schedule B, and the new allowances on the smaller incomes.
§ THE CHANCELLOR OF THE EXCHEQUER
I am afraid the analysis is not yet complete. As the right hon. Gentleman is aware, it takes a good deal of time to analyse the figures, but if in the course of these discussions the result 304 comes to hand I will give it to the House. I have made these observations upon the expenditure and revenue. I now would make a statement as to the other parts of the Public Accounts. First, as to balances.