Excise had realized expectations, Customs and Excise had yielded £14,500,000 over the estimate, but the Income Tax, Surtax and Death Duties were £5,500,000 under the estimate, 'Death' Duties, which Mr. Chamberlain said he regarded as a "sor! of trade barometer," had reached the gratityng total of over £20,00,-
The buoyant revenues were the product of expanding trade and me creasing purchasing power.
"the Exchange Equalization Account stil showed a -proft, and he proposed to adhere to the old figure of £224,- 00,000 5 the fixed debt charge, Although there was a saving on the Civil Mstimates, the Defence Bstimates, Mr. Chamberlain explained, showed an excess of nearly £8,000, 000, the total Defence issues ems £106,000,000, or nearly 260,000,000 over those of the previous year. This figure gave an idea of the amount which would have been available for the redemption of debt and other purposes if the circumstances of the worl had been happier,
Text read from the printed page and cleaned; old type leaves the occasional error.