HC Deb 29 April 1897 vol 48 cc1269-70

Against that I anticipate the following revenue: From Customs, £21,500,000, an increase of £246,000 on last year. From Excise, £27,750,000, an increase of £290,000 on last year. Death duties produced last year £10,830,000. They must necessarily produce £832,000 less this year, because that sum will go to the local taxation fund. I have already explained to the Committee some of the reasons why we ought not to be too sanguine in our estimate. So we cannot put the yield of the death duties this year at more than £9,700,000. Stamps I put at £7,000,000, less than last year by £350,000; land and house 'tax at £2,400,000, a small falling-off of £30,000; income tax at £16,900,000, an increase of £250,000; Post Office at £12,210,000, an increase of £350,000; telegraphs at £2,960,000, an increase of £50,000; Crown lands at £415,000; Suez Canal shares, etc., at £750,000, an increase of £56,000, due to certain loans having been transferred to this head from miscellaneous revenue, and also to the interest on the advance lately made to Egypt; and miscellaneous revenue at £1,775,000, a decrease of £322,000. That gives a, total revenue of £103,360,000, against a total expenditure of £101,791,000.