50,553,651; and he calculated that next year there would be a surplus
of two millions and a quarter. He had calculated last year on a surplus
of only L104,000, whereas the increase amounted to L523,500. He did not,
however, anticipate such favourable results from the customs this year
as last, for there would be a probable loss on sugar of between four
and five hundred thousand pounds; on brandy, and likewise on corn,
there would also be probably a loss. The right honourable gentleman
then enumerated the various sources of revenue from which he anticipated
revenue, as follows:--

Excise 14,045,000

Stamps 6,860,000

Assessed Taxes 4,320,000

Income Tax 5,410,000

Customs 20,000,000

Post-Office 820,000

Crown Lands 160,000

Miscellaneous 260,000

Old Stores 410,000

Making a total of L52,285,000.

With respect to the expenditure,

the interest on the Funded Debt was 28,105,000

Other charges on the Consolidated Fund 2,620,000

Navy Estimates 6,613,000

Army Estimates 6,120,006

Ordnance 2,434,417

The Militia 110,000

Commissariat 500,000

Miscellaneous 211,159

Excess of expenditure in former years 4,000,000

Making altogether an expenditure of L50,613,582.

To this should be added the expenses of the new houses of parliament,
and for a building to hold the records of the house. Upon the whole, he
calculated, after meeting their expenses, upon an available surplus of
fifteen hundred thousand, in round numbers. The right hon. gentleman
then adverted to the propositions which had been made to reduce
the duties on windows, tea, timber, malt, soap, bricks, paper,
advertisements, and attorneys' certificates; and also the proposition
of the hon. member for Buckingham, to place on the consolidated fund
certain charges otherwise provided for hitherto, and said he would not
assent to those propositions, for which no special case had been made
out. When he remembered that, within the last few years, no less a
sum than L148,000,000 had been laid out in railways, he could not help
thinking that there was a strong symptom of a return to more prosperou