HC Deb 10 April 1905 vol 144 cc1056-7

I will now turn to the other side of the account. I budgeted for an expenditure of £142,880,000, including the amount estimated to be required for the military operations in Somaliland. The actual issues, inclusive of further small Supplementary Estimates voted in the present session, have amounted, however, only to £141,956,000, or £924,000 less than my estimate. To complete the comparison of the previous years, and to give the House a statement of the aggregate expenditure of the State, we must add to those figures the amount collected and applied in relief of local rates—namely £9,813,000—and in expenditure on capital account for works authorised by Parliament, which we financed during the course of the year to the extent of £8,069,000. The interest and Sinking Fund for these loans is, as the Committee knows, separately provided for in the Votes of the different Departments on whose account the loans are made. Adding these amounts to the total which I have already given, we arrive at a sum of £159,838,000 as the aggregate expenditure of the State during the year on revenue and capital accounts combined.