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Press, Volume LVII, Issue 17109, 2 April 1921, Page 8

A cable message from London to-day gives us the totals of the national revenue and expenditure for the financial year ended March 31st. The. revenue was and the expenditure £1,195,330,000. The original estimates in" the Budget presented to Parliament last April were: Revenue, £1,418,300,000; expenditure, £1,184,102,000. Supplementary estimates increased the expenditure total by about 47 millions; The Budget estimates, therefore, have been pretty closely calculated, and the year apparently ends with a.credit balance- of-230 millions—a trifle less than was expected. But the revenue, includes over 300 millions of receipts from the sale of stores and the realisation of other assets, so that the year lias really ended with a deficit. The deficit is not largo, but it is alarming on account of the enormously high taxation, which must be reduced at the earliest passible moment.