§ I have, therefore, to deal with a deficit of 45½ millions. This is, however, not the net deficit, because I propose to reduce it by suspending the Sinking Fund, as I did last year and the year before, which means rather more than 4½ millions. The deficit would therefore be reduced to 41 millions. Now, how is that to be met? I hope that the Committee will be of the opinion, as they have been of opinion during the last two years, that part of it shall be provided by increased taxation. It is primarily a war deficit, and. being a war deficit. I think part of it ought to be provided for, by a call on the direct taxpayers as well as on the indirect taxpayers of the country.