HC Deb 13 April 1899 vol 69 cc1017-8

Now, if those proposals are accepted, the expenditure for which I have to provide in the present year will stand at £110,927,000. Against that, on the existing basis of taxation, I expect a revenue from Customs of £21,350,000, £500,000 in excess of last year's Exchequer receipts; from Excise, £29,850,000. £650,000 in excess of last year's receipts; from Death Duties, £11,150,000, £250,000 less than last year's receipts, because I have to allow for a falling off in the exceptional receipts from legacy duty; £7,600,000 from stamps, £30,000 less than last year's receipts; £800,000 from land tax, £30,000 more than last year's receipts; £1,650,000 from house duty, £50,000 more than last year; £18,300,000 from income tax, £300,000 more than last year; a total tax revenue of £90,700,000. Then I expect from the Post Office £13,200,000, an increase of £490,000; from the telegraph service £3,300,000, an increase of £150,000; from Crown lands, £450,000, an increase of £20,000; from Suez Canal dividend £787,000, an increase of £74,000; and from miscellaneous revenue £1,850,000; a total non-tax revenue of £19,587,000, making a total revenue of £110,287,000 as against a total expenditure of £110,927,000.