IMPERIAL REVENUE, EXPENDITURE, &C.

KINGDOM under the PRINCIPAL HEADS thereof in each Year ended 31st March.

of the United Kingdom.)

1920-1. 1921-2. 1922-3. 1923-4. 1924-5. 1925-6. 1926-7.

Excise.

Motor Vehicle Duties.
Estate, &c. Duties.

134.003,000 130,052,000 123,043,000 119,958,000 99,344,000 103,487,000 107,515,000 Customs.
199,782,000 194,291,000 157,275,000 147,970,000 135,128,000 134,560,000 132,978,000
7,073,000 11,096,000 12,321,000 14,691,000 16,164,00 0 18,056,000 21,393,000
47,729,000 52,191,000 56,871,000 57,800,000 59,450,000 61,200,000 67,320,000
26,591,000 19,638,000 22,222,000 21,570,000 22,850,000 24,700,000 24,750,000
650,000 630,000 650,000 600,000 700,000 675,000 650,000
1,900,000 1,960,000 2,110,000 1,900,000 500,000
338,865.000 337,027,000 314,836,000 269,331,000 273,836,000 259.411,000 234,717,000
55,281,000 61,730,000 64,209,000 60,640,000 62,680,000 68,510,000 65,910,000

219,181,000 30,452,000 650,000

30,000

Stamps (exclusive of Fee and Patent Stamps). Land Tax.

5,000

House Duty.

20,000 130,000

2,004,000 17,516,000 18,977,000 220,000

Income Tax. (a)
Super Tax. (a)

Excess Profits Duty.

Corporation Profits Tax.
Land Value Duties.

1031,725,000 856,713,000 774,738,000 718,060,000 689,702,000 684,544,000 663,933,000 Total.

36,100,000 40,000,000 34,150,000

32,840,000 34,850,000 35,750,000 35,600,000 5,570,000 8,200,000 10,500,000 13,550,000 | 14,390,000

Postal Service.

5,600,000 15,000,000 960,000

950,000

1,802,000 1,361,000 1,653,827 1,695,000 1,686,879 1,914,488 311,526,937 195,778,536 73,504,370 51,087,381 39,695,833 52,358,711 57,218,081

313,328,937 197,159,536 75,158,197 52,782,384 41,382,712 54,273,199 59,053,960 Total Miscellaneous.

1425,984 666 1124,879,873 914,012,452 837,169,284 799,435,595 812,061,658 805,701,233 TOTAL REVENUE.

((b) The rates for 1914-5 were doubled for the last four months of the Income Tax year.

(e) The rates of Income Tax for 1915-6 were increased by 40 per cent. for the second half of the Income Tax year and the scale of Super Tax extended to 3s. 6d.

(d) Relief for earned income was given for the years 1920-1 to 1924-5 inclusive by deducting one tenth with maximum deduction of £200) from the total income to be taxed. From 1925-6 onwards this

deduction was increased to one-sixth, with a maximum deduction of £250,

IMPERIAL REVENUE, EXPENDITURE, &c.

No. 92. AMOUNT of the IMPERIAL EXPENDITURE (Exchequer Issues) Year ended (Compiled from the Finance Accounts

1912-3. 1913-4. 1914-5. 1915-6. 1916-7. 1917-8. 1918-9. 1919-20.

3,540,175 3,202,026
1,171,863 1,115,850
166,907 166,530
4,620,303 5,228,485

15,000,752 14,787,109 14,632,008 12,934,406 7,965,587 7,952,475 7,949,299 7,899,901
2,931,216 2,897,758 2,860,176
1,771,644 4,330,772 8,630,482
162,320 175,321 327,130
1,000,000

2,808,493 2,573,097 2,588,332

8,519,436 12,402,552 12,397,707 547,208 713,145 887,112

Outside the Permanent or
Fixed Annual Charge:

From 1923-4 inclusive :

Interest of Funded Debt

Interest of Terminable
Annuities.

Interest of Treasury
Bills.

Interest of U.S.A.

Government Loan.

Interest of Other Unfunded Debt.

Management and Expenses.

New Sinking Fund (1923)

24,500,000 24,500,000 20,497,188 20,338,257 19,783,375 19,827,612 23,638,093 23,773,052
2,171,708 39,911,054 107,467,119 170,023,454 246,326,557 308,260,656
(c)
(c)
(c)
(c)
(c)

(c)

Total National Debt Services 24,500,000 24,500,000 22,668,896 60,249,311 127,250,494 189,851,066 269,964,650 332,033,708

316,576 319,069 320,422 315,029 332,487 56,468 56,547 56,366 56,219 53,748 56,122 523,450 533,042 534,154 531,224 528,895 524,370 321,625 317,725 313,825 1,409,925 606,025 287,502 313,831 554,869 1,692,426 1,693,890 1,693,414 2,787,790 1,973,697 1,670,481 1,699,406 1,947,631

Total Consolidated Fund

Services (carried for- 37,017,930 37,322,969 35,419,809 73,488,347 139,119,657 201,252,085 281,344,868 348,204,928 ward).

(a) Including Road Improvement Fund, to 31st December 1920.

(b) For details, see pp. 160 and 161.

(c) Interest, &c., on debt created under the War Loan Acts, 1914 to 1919.

IMPERIAL REVENUE, EXPENDITURE, &c.

of the UNITED KINGDOM, under the PRINCIPAL HEADS thereof, in each

31st March.

of the United Kingdom.)

1920-1. 1921-2. 1922-3. 1923-4. 1924-5. 1925-6. 1926-7.

40,000,000 45,000,000 50,000,000 60,000,000

349,598,616 332,294,347 323,989,932 347,308,748 357,161,261 358,229,246 378,583,679 (a)8,936,689 10,795,000 11,772,043 14,090,044 15,563,044 17,455,044 17,373,190 10,785,503 11,171,716 10,471,016 13,662,631 13,967,146 14,453,559 14,172,075

I.-CONSOLIDATED FUND
SERVICES:

National Debt Services (d)
To 1922-3 inclusive:

Inside the Permanent or
Fixed Annual Charge

Interest of Funded Debt.

Terminable Annuities.

Interest of Unfunded
Debt.

Management of the Debt.

New Sinking Fund.

Total.

Outside the Permanent or
Fixed Annual Charge:

From 1923-4 inclusive:
Interest of Funded Debt.
Interest of Terminable
Annuities.

Interest of Treasury
Bills.

Interest of U.S.A. Government Loan.

Interest of Other Unfunded Debt.

Management and Expenses.

New Sinking Fund (1923).
Total National Debt Services.
Road Fund.

Payments to Local Taxation
Accounts, &c. (b)

5,766,752 Payments to

470,000 470,000

Northern

Ireland Exchequer.

Land Settlement.

Other Consolidated Fund
Services:

Civil List.

Annuities and Pensions.

470,000 470,000 470,000 470,000 470,000
347,143 359,954 366,457 389,263 423,167 430,350 376,706
56,323 57,803 53,974 42,386 41,820 41,841 41,658
533,789 531,076 536,266 515,179 481,763 473,910 475,907
389,021 449,269 1,278,103 1,385,967 1,013,488 955,468 1,505.060
1,796,276 1,868,102 2,704,800 2,802,795 2,430,238 2,371,569 2,869,331

378,046,877 359,879,627 353,496,604 383,040,211 393,606,711 398,149,778 418,765,027

Salaries and Allowances.

Courts of Justice.
Miscellaneous Services.

Total.

Total Consolidated Fund Services (carried forward).

(d) Rearranged from 1923-4 in consequence of the institution of a Statutory Sinking Fund under the Finance Act, 1923.

(e) Excluding 3 per cent. Conversion Loan, Interest on which was not included in the Permanent or Fixed Annual Charge.

IMPERIAL REVENUE, EXPENDITURE, &c.

No. 92. AMOUNT of the IMPERIAL Expenditure (Exchequer Issues) of the UNITed Kingdom

1912-3. 1913-4. 1914-5. 1915-6. 1916-7. 1917-8. 1918-9. 1919-20.

£

L

£ £ £ £ 37,017,930 37,322,969 35,419,809 73,488,347 139,119,657 201,252,085 281,344,868 348,204,928

3,661,000

3,433,000

2,976,000 2,880,296

3,350,157 9,949,817

4,287,000 4,589,000 4,626,000 4,842,000 | 5,364,475

7,555,937 15,067,452

4,474,000 4,790,867

6,519,482 14,060,790

3,491,000 3,338,000
4,320,000
4,470,000 4,491,000 4,755,000 4,664,000
19,531,000 19,450,000 20,234,000 20,677,000 20,307,000 25,802,701 25,590,796 | 43,196,857
2,151,000 1,523,000 1,838,000 1,497,000 1,229,000 1,316,705 1,230,847 2,728,635
795,000 824,000
1,080,000 1,072,000 1,066,000 1,045,570 2,229,117 10,731,371
509,000 322,000
16,677,000 19,666,000 20,799,000 18,749,000 19,218,000 20,009,286 21,466,264 34,087,206
(b)1,000 (b)32,100 (b)15,100 439,231,872
51,944,000 53,901,000 56,956,000 54,718,000 54,113,000 61,242,000 67,988,000 569,054,000

2,324,000 2,431,000 2,479,000 2,514,000 2,397,000 2,473,000 2,562,000 4,992,000 1,876,000 2,052,000 2,123,000 2,080,000 2,331,000 2,683,000 2,970,000 4,430,000 23,024,000 24,607,000 26,060,000 26,673,000 26,454,000 25,738,000 26,396,000 48,064,000 151,604,000 160,170,000 168,053,724 86,018,019 85,328,320 92.169,320 99,956,320 1230,568,000 357,000,000 1399,652,011 1973,664,733 2402,800,000 2198,000,000 87,000,000

TOTAL EXPENDITURE chargeable 188,621,930 197,492,969 560,473,533 1539,158,377 2198,112,710 2696,221,405 2579,301,188 1665,772,92%

against Revenue

3,700,000 3,150,000 1,550,000 270,000 165,000 270,000 2,565,000 (a) 329,249 7,000

Under Public Buildings Expenses

Act. 1900.

Act, 1903.

Total Issues to meet Capital (a)3,057,500 (a) 4,220,749 4,293,000 3,049,036 1,047,868 1,702,400 623,100

4,974,000

Expenditure

(a) Exclusive of Exchequer Bonds issued to the National Telephone Company in part payment of the purchase money of their undertaking, viz., 7.000.0007. in 1912-3 and 380,0007, in 1913-4.

(b) Nominal amounts, the substantive issues being made under Votes of Credit. (c) Included under Civil Services in 1919-20 and 1920-1.

IMPERIAL REVENUE, EXPENDITURE, &c.

under the PRINCIPAL HEADS thereof, in each Year ended 31st March-continued.

1920-1. 1921-2. 1922-3. 1923-4. 1924-5. 1925-6. 1926-7.

£ £ £ £ £ £ 378,046,877 359,879,627 353,496,604 383,040,211 393,606,711 398,149,778 418,765,027

181,500,000 95,110,000 45,400,000 43,600,000 44,765,000 44,250,000 43,600,000 (e)

88,428,000 80,770,000 56,200,000 22,300,000 13,560,000 9,400,000

12,376,496 11,240,516 6,076,522

52,600,000 55,625,000 59,657,000 57,600,000
9,600,000 14,310,000 15,470,000 15,530,000

5,885,879 6,501,750 6,921,279 6,445,139 18,392,843 17,083,007 10,833,370 12,115,761 8,924,298 10,852,679 13,695,871 19,481,207 22,396,973 14,443,950 11,006,557 11,029,375 11,802,075 12,109,229 59,331,426 65.436,854 49,792,312 47,665,789 48,675,304 48,568,829 53,175,258 4,987,169 32,457,917 12,264,536 18,125,161 6,808,036 7,623,214 7,449,231 (d)

3,770,162 131,373,867 107,128,683 97,682,353 99,612,390 98,951,328 102,022,662

VI. Non-effective and Miscellaneous
Services. (d)

VII. Health, Labour and Insurance.
Unclassified Services.

Customs and Excise.

72,514,197 46,646,291 34,941,466 33,528,199 35,544,611 36,372,941 32,549,671
260,362,500 123,064,575 51,345,161 13,356,301 9,038,236 22,170,655 13,038,939
460,216,000 449,700,000 286,826,000 239,366,000 226,134,000 243,263,000 240,486,000 Total Civil Services.
4,610,000 6,750,000 4,880,000 4,780,000 4,640,000 4,770,000 4,860,000
6,649,000 7,440,000 6,437,000 6,043,000 6,316,000 6,590,000 6,654,000
53,678,000 65,977,000 49,857,000 49,811,000 50,380,000 53,950,000 54,900,000
817,381,000 719,307,000 459,000,000 405,800,000 402,170,000 427,950,000 423,630,000

1195,427,877 1079,186,627 812,496,604 788,840,211 795,776,711 826,099,778 842,395,027
(e)
(e)
(e)
(e)
(e)

Inland Revenue.

Post Office Services.

Total Supply Services.

Votes of Credit-Naval and Military
Operations, &c.

TOTAL EXPENDITURE
against Revenue.

chargeable

(d) Inclusive of Old Age Pensions and Ministry of Pensions from 1921-2 inclusive. Formerly these Votes were included in Class VII and " Unclassified" respectively.

(e) See note (a) on page 107.