The national accounts for the first three quarters of the current financial year, issued to-night, show that the total ordinary revenue for the period April 1 to December 31 amounted to £416,300,783 compared with £404,831,904 in the corresponding period of last year.
For the same period the total expenditure amounted to £514,417,178 og against £608,099,098 for the corresponding period of last yet Subject, to realisation of the estimates for income tax and surtax receipts, there is every prospect that, at the end of the current financial" year, on March 31 ext, the Dudget will balance with a surplus.
The excess of expenditure over revenue to date is about £98,000,- 000 whereas, at the same time last} year, the excess was £204,500,000, The difference of £166,500,000 between the two years is accounted for, a8 to £94,500,000, by reduction expenditure, and, as to £12,000,- riy increased revenue.
Text read from the printed page and cleaned; old type leaves the occasional error.