HC Deb 28 April 1925 vol 183 c50

Expenditure was £5,750,000 above the Budget estimate, but here again there are variations. The service of the debt, for several reasons, chiefly the increased cost of the floating debt, cost £7,000,000 more than was expected, but, on the other hand, Supply Services, in spite of the Sutton judgment, cost us 23,000,000 less than was expected. In the end, there emerged, to vindicate the prescience of the right hon. Gentleman the late Chancellor of the Exchequer, a surplus of £3,659,000, which surplus, I need hardly say, has, in accordance with the exemplary purity of our financial law and practice, already been devoted to the redemption of debt.