§ Having stated the expenditure, I will now state the Revenue of the past year. The Revenue was estimated in the Budget at £94,175,000. The Exchequer receipts have been £94,684,000; or more than the Budget Estimate by 295 £509,000, and more than the receipts of the preceding year, 1893–94, by £3,551,000. The Customs were estimated to yield £20,010,000. The Exchequer receipts were £20,115,000, which was £105,000 more than the estimate, and £408,000 more than the yield of the preceding year, 1893–4. The Excise was estimated at £26,240,000. The Exchequer receipts were £26,050,000, or less than the estimate by £190,000, and more than the receipts of 1893–4 by £850,000. Stamps were estimated at £14,080,000. The Exchequer receipts were £14,440,000, or £360,000 more than the estimate, and £1,580,000 more than the receipts in 1893–4. The Income Tax was estimated at £15,530,000. The Exchequer receipts were £15,600,000, or £70,000 more than the estimate, and £400,000 more than in 1893–4. The Post Office was estimated at £10,570,000. The Exchequer receipts were £10,760,000, or £190,000 more than the estimate, and £290,000 more than in 1893–4. The Telegraphs were estimated at £2,620,000. The Exchequer receipts were £2,580,000, or £40,000 less than the estimate, and £40,000 more than the receipts in 1893–4. The other items—the Land Tax and House Duty, Crown lands, and miscellaneous receipts—varied little from the estimate, and do not call for any special remarks. I need not, therefore, trouble the Committee with them.