§ 1. As shown by the Tables on pp. 2 and 3 of the Financial Statement, the Ordinary Revenue, including the appropriation of £16,000,000 from the Rating Relief Suspense Account, amounted to £775,895,000, exceeding the previous year by £41,706,000, but falling short of the 1392 estimate by £13,550,000. Supplementary Estimates and Excess Votes amounted to £14,889,000, but as the result of savings of £11,430,000 on Debt Interest and Management and smaller savings on other heads the Ordinary Expenditure exceeded the estimate by £532,000 only. The saving on debt interest and management was, under the law relating to the Fixed Debt Charge, added to the Sinking Fund; and the result was therefore—
| £ | ||
| Margin provided in Budget Estimates | 2,236,000 | |
| Less— | £ | |
| Shortage of Revenue | 13,550,000 | |
| Excess on Ordinary Expenditure | 532,000 | |
| Addition to Sinking Fund | 11,430,000 | |
| 25,512,000 | ||
| Shortfall | £23,276,000 |
§ The total Sinking Fund amounted to £66,830,000 and deducting the shortfall of £23,276,000 the sum applied out of revenue to the reduction of debt was £43,554,000.