HC Deb 30 June 1921 vol 143 cc2327-8

asked the Chancellor of the Exchequer whether the conditions in industry, commerce, trade,. and agriculture during the last three months have been such as to warrant a revision of estimates of revenue as calculated on 31st March last; and, if so, what occasion does he propose to take in order that the nation may realise that its financial position is getting worse and worse, and the consequent necessity, not only for less expenditure, but also for more and cheaper production to secure larger exports?


I am not in a position as yet to supplement the Budget statement. The main consideration affecting the estimates of revenue for the current year is the condition of industry, commerce, and finance in the quarter from January to March, 1922, which I cannot, of course, forecast accurately now. I do not think it probable, therefore, that I shall be able to give the House any revised figures of estimated revenue during the current Session. As regards expenditure, I certainly intend to take a suitable opportunity towards the end of the Session to make a statement on the general financial position.

Served as Lord Chancellor. Period. Pension.
Great Britain From To
Earl Halsbury 24 June, 1885 17 Aug., 1892 7 years 1 month 17 years 6 months £5,000 p.a.
29 June, 1895 10 Dec., 1905 10 years 5 months
Earl Loreburn 11 Dec., 1905 10 June, 1912 6 years 6 months Originally £5,000 but reduced to £2,500 p. a. from 4 Dec., 1918, at his own request.
Viscount Haldane of Cloan. 11 June, 1912 26 May, 1915 2 years 11½ months £5,00 p.a.
Lord Buckmaster 27 May, 1915 10 Dec., 1916 1 Year 6 months £5,000 p.a.
Baron Shandon 26 Mar., 1913 7 June, 1918 5 years 2 months £3,692 6s. 1d. p.a.

Does my right hon. Friend really think that the estimated revenue as anticipated by the Leader of the House in his Budget statement will be realised?


Oh, no; of course I do not; no sane man would.