BRITISH REVENUE
■ « INCREASE FOR YEAR OF £450,500,000 GREAT REDUCTION IN EXPENDITURE .. (By Telegraph-Press Association-Copyright (Rec. April 2, 5.5 p.m.) London, April 1. The revenue for the past quarter was i' 643,334,000, an increase of ,£26.'!,500,000 compared with the corresponding quarter of 131!). The revenue for the fiscal . year ended March 31. 1920, was ,£1,339,500,000, an increase of compared with th". year 1918-19. Practically all sources of revenue show increases. The biggest items nve income tux ,£359,000,000, excess profits .£290,000,000, miscellaneous ,£280,000,000. The latter was mostly derive,-] from sales of war stores. The total expenditure chargeable against revenue was which is a decrease of ,£913,500,000 compared with the preceding year. The deficit for the year was 000,000 — Imperial News Service.
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Dominion, Volume 13, Issue 161, 3 April 1920, Page 8
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119BRITISH REVENUE Dominion, Volume 13, Issue 161, 3 April 1920, Page 8
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