The History of England in Three Volumes, Vol.III. / From the Accession of George III. to the Twenty-Third Year of the Reign of Queen Victoria, Volume 5 Papyras Classics

← The History of England in Three Volumes, Vol.III. / From the Accession of George III. to the Twenty-Third Year of the Reign of Queen Victoria, Volume 5

Chapter 75

The Budget

On the 29th of June the chancellor of the exchequer brought forward his budget. He estimated the ordinary income at £51,550,000, and the extraordinary income at £580,000. The expenditure he estimated at £53,287,000. He contemplated a surplus income for the ensuing year of about three quarters of a million sterling. The statement was received favourably, but a general impression existed that the chancellor might have carried retrenchment much farther. The supplies, however, were granted upon the basis of the statement offered.