§ Bringing together the two sides of the account, we find that the Exchequer issues were £1,665,773,000 and the revenue was £1,339,571,000, leaving a deficiency of £326,202,000; that is to say, £76,202,000 more than the Budget Estimate, but nearly £147,000,000 less than seemed probable in October. Of the total issues in 1919–20 80'4 per cent, was provided by revenue, and 19'6 per cent. by borrowing. In the preceding year the figures were 34'47 per cent. from revenue, and 65'53 per cent. from borrowing. The percentages for the six years from 1st April, 1914, to 31st March, 1920, which are the years of War borrowing, were 3617 per cent. from revenue and 63'83 per cent. from borrowing, a proportion which, thanks to the courage of my predecessors, holds, I think, a good record as we look back upon the course of those years.