2l8

GREAT BRITAIN AND IRELAND.

the Chancellor of the Exchequer proposed to add 150,000/., the computed produce of a new licence, thus making the total estimated surplus 4,487,000/. The disposal of this surplus -was laid in remissions ol taxes to the total estimated amount of 4,156,000Z., the main items being remission of sugar duties to the amount of 2,350,000/., and of income-tax to the amount of 1,250,000/. The propositions of the Chancellor of the Exchequer having been adopted by the House of Commons, the votes left the final summary of the budget estimates for the financial year 1870-71 as follows: —

Estimated excess of revenue over expenditure Gains by new licence ....

Estimated total surplus .... Reductions in taxation ....

4,487,000 4,156.000

331,000

Estimated actual surplus ....

A supplementary vote of expenditure of 2,000,000/., passed by the House of Commons, August 2, 1870, 'towards defraying the expenses incurred in maintaining the naval and military services of the kingdom,' converted the estimated surplus of 331,000/. into a deficit amounting to 1,669,000/.

The following table shows the total amounts of the estimated and actual revenue for the last sixteen years, together with the proportion of actual receipts per head of population of the United Kingdom : —

Revenue

Proportion of receipts

Years ended

Estimated

Actual receipts

More (+)

in the

at the

or less ( — )

per head

Budgets

Exchequer

than Budget

of population

Net amounts

£

£

£

£ .<:. <!.

March 31, 1855 .

59,496,000

59,496,154

+ 154

2 3

1856 .

1857 .

67,139,000

65.704.491

-1,434.509

2 7 3

2 12 1

Gross amounts

71,740.000

72,334.062

+ 594.062

1858 .

66,365.000

67,881,513

+ 1,516.513

2 8 3

1859 .

63.920,000

65,477.284

+ 1.557.284

2 6 3

1860 .

69,460,000

71,089,669

+ 1,629.669

2 9 10

1861 .

72,248,000

70,283,674

-1,964.326

2 8 11

1862 .

70,283.000

69,674.479

- 608,521

2 8 3

1863 .

70,050.000

70,603.561

+ 553,561

2 8 4

1864 .

68.171.iioo

To. 2os. 061

+ 2.037,964

2 7 9

1865 .

67,128.000

70,313.436

+ 3,185.436

2 7 7

,. 1866 .

66,392,000

67,812.292

+ 1.420,292

2 5 7

1867 .

67,013.000

69, 134.568

+ 2.421,568

2 6 5

1868 .

69,970,000

69.600.21 S

- 369,782

2 6 2

1869 .

73,150,000

72.591.991

— 558.009

2 7 9

1870 .

73,515,000

75,434,252

+ 1.919,252

2 9 3