§ There are difficulties in the way of estimating the revenue from the Income Tax, difficulties which are entirely attributable to the exceptional circumstances of the year. We were very late in collecting the Income Tax of last year. We have only just collected it, and, as I have already pointed out, the machinery for the Supertax is not complete even now. Therefore we shall be very late in collecting both the ordinary Income Tax and the Super-tax so far as this year is concerned. I estimate that at the end of this financial year we shall be £2,000,000 in arrear with the ordinary Income Tax, and £1,000,000 in arrear in connection with the Super-tax. I have got to take all that into account because of the lateness of the period at which we shall approach the question of the collection of the money for this year. Therefore I do not think it will be safe to put the Income Tax at more than £37,550,000. I do not know whether the Committee will be interested to know how that sum is made up. [HON. MEMBERS: "Yes."] Very well, I estimate the yield of the ordinary Income Tax for 1909–10 at £36,600,000. The increases made last year were estimated to produce in the second year £850,000 more than they produced the first year. That is a total of £37,450,000, which we should have collected if everything had gone in its ordinary normal way. We deducted £150,000, because in the three years over which the average has to be taken, you have to substitute one bad year for a good year; and therefore the total collected would have been £37,300,000. We anticipate there will be £2,000,000 of arrears carried forward to next year, and that reduces the amount to £35,300,000. We expect the Super-tax for last year and the present year to produce £2,250,000. That brings the total up to £37,550,000. That means there will be something like £3,000,000 of revenue which is appropriate to this year—I want the Committee really to get this figure into its mind, if I may say so, for some reason later on—there will be £3,000,000 appropriate to this year, which will be carried forward into the next year, for the simple reason that we cannot possibly collect it in the course of the current year.