BRITISH FINANCES

Evening Post, Volume CXXI, Issue 1, 2 January 1936, Page 8

BRITISH FINANCES

NINE 31.0XTJIS* FKiUUES

EXPANDING REVENUE

(British Official Wireless.)

LONDON, December 31

The Exchequer returns for the first nine months of Ihe financial year show an expanding revenue, but also an increasing expenditure. The total lor the period, including ordinary and sell-balancing revenue, amouts to £492,467,307, compared with £467,709,----612 at December 31, 1934. The total of ordinary and self-balancing expenditure amounts to £606,493,932, compared with £578,172,150 at the same dale last year. It is, of course, in the last quarter of the year that receipts from income tax and surtax (which far the whole year were estimated in the Budget .at £232,500,000 and £51,500,000 respectively) are heaviest. The ordinary revenue for the period was £445,924,367, representing an increase of £22,612,755 over the ordinary revenue for the first nine months of last Budget year. Receipts from inland revenue items are more than £8,000,000 higher this year, estate duties and income tax sharing fairly equally in the increase, while only surtax shows a drop—of about £2,500,000. Receipts from Customs are £7,919,000 higher at £140,409,000, and from exise £1,700,000 higher at £81,200,000, compared with the Budget estimates for the whole year (respectively £188,570,000 and £106,350,000). Self-balancing items show an increase of about £2,000,000. On the expenditure side, supply services show increases of about £4,000,000 on defence votes, and just over £15,000,000 on civil votes.