REVENUE RETURNS

Nelson Evening Mail, Volume LXVI, 21 February 1935, Page 7

REVENUE RETURNS

MAY EXCEED BUDGET ESTIMATE BRITAIN’S FINANCIAL YEAR (British Official Wireless) (Received 21st February, noon) RUGBY', 20th February. With six weeks to go to the end of Britain’s financial year, revenue returns show that there are good prospects that the Budget estimates will lie realised, and possibly exceeded. Tho estimate of ordinary revenue for the current year was £700,520,000 and £573,878,820 lias.so far come in. An average of £18,773,000 for the remaining weeks is therfore required to reach that estimate, and as last week’s revenue was £24,401,461 it would seem that anticipations should be realised. The income tax total is up on last year’s, and £43,831,000 remains to be collected to reach the estimate. Last week £13,905,000 came in. Other items are well up to the estimates. Expenditure is about the same as last year. £022,280,759, but the estimate. including supplementary grants, was for £711,190,000.

INTERESTIN' G COMPARISONS

(Unitod Press Association —By Electric Telegraph—Copyright)

LONDON, 19th February. The latest treasury returns show that the ordinary revenue for the financial year to 16th February amounted to £593,878,820, compared with £609,701,084 for the corresponding period last year. Including self-balancing revenue the figures are £670,468,920 this year and £683,098,084 last vear respectively. Income tax collected last week amounted to about £l4 millions, bringing the total t’o date £175,669,000 against £173,594,000 for the corresponding date last year. The total ordinary expenditure up to last Saturday was £622,286,759, compared with £608,39G,793 for the 7th February 1934. With self-balancing expenditure the total for the current year is £705,248,427'again5t £690,472,745 last year.