The revenue in detail for 1917-18 (exclusive of 121,7387. duties collected for and due to the Isle of Man, but inclusive of the proceeds of duties the value of which is assigned under various Acts to local purposes), and the expenditure, are given below, as are also the Exchequer receipts and expenditure for 1918-19, and the Budget estimates for 1919-20. revenue for 1918-19, 88 per cent. was derived from taxation.

Of the

1 That is, revenue actually paid into the Exchequer during the financial year.

1 That is, revenue actually paid into the Exchequer during the finan

2 On property of persons dying after August 1, 1894.

3 On property of persons dying before August 2, 1894.

The national expenditure falls under two categories; I., the Consolidated Fund Charges, mainly bestowed on the National Debt; and II., the Supply Services, including the Army, Navy, and Civil Service.

1 Token Votes. The full expenditure is included in item ix., Votes of credit. The Exchequer issues shown above are those with which the various departments were supplied to meet all requirements, whether original or supplementary.

:

In addition to the ordinary expenditure above given, there were in 1918-19 issues to meet capital expenditure under the Telegraph (Money) Act, 1913, 270,000Z.; Housing Act, 1914, 228,000l. ; the Post Office (London) Railway Act, 1913, 58,000l. amounting in the aggregate to 556,000l. The money raised for Supply purposes by War loans was 555,224,6047.; National War Bonds, 1,066,413,7807.; Exchequer Bonds, 808,4707.; War Savings Certificates, 89,500,000l.; total, 1,711,946,8547. The balance in the Exchequer on April 1, 1918, was 21,030,0301.; the gross receipts into the Exchequer in the year 1918-19 amounted to 7,922,423,2757.; the gross issues out of the Exchequer amounted to 7,930,653,7991.; leaving a balance on March 31, 1919, of 12,799,5062.

Army and Navy and other war expenditure down to was met by votes of credit, the total of which, voted from to November, 1918, amounted to 8,742,000,000l., of whi represented votes of credit for 1914-15, 1,420,000,000 2,010,000,000l. for 1916-17, 2,450,000,000l. for 1917-18, and for 1918-19.

The net expenditure for the Revenue Departments in 1919-20 is estimated as follows: Customs and Excise, 4,091,6647.; Inland Revenue, 4,445,3807.; Post Office, 41,273,9227. Thus the total expenditure for Civil Service and Revenue Departments for the year is estimated at 495,614,8347.

The following statement shows for the year ended March 31, 1918, the net amount estimated to have been contributed by England, Scotland, and Ireland to the revenue expenditure on English, Scottish, and Irish services :--