§ The CHANCELLOR of the EXCHEQUER(Mr. Churchill)
Those prophets who incautiously declared that the late Chancellor of the Exchequer had made an unwarrantable Budget and who predicted a heavy deficit at the end of the financial year have been rebuked by the event. The realised surplus of 23,659,000 corresponds with remarkable accuracy to the Budget forecast of 24,024,000, and although within this total there are considerable variations which show that the right hon. Gentleman has been fortunate as well as far sighted, the final and general result may justly be laid to the credit of the careful and scrupulous finance by which his administration of the Treasury was distinguished. The paper, which I believe is called the Blue Paper, although it is rather a colourless document, which hon. Members have in their hands, gives the details of last year's finance. I cannot afford the time to dwell on them at any length. Everything is found within the Limits of the Paper.