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
