In addition, there will be certain reductions in Telephone charges. TABLE X., showing the Estimated Loss due to the proposed alterations in TAXATION and POSTAL, &c., RATES.

*The loss of Customs duty on cider is insignificant. The gross loss of Revenue owing to the reduction of the table water duty is estimated at £210,000 in 1923-24, and £225,000 in a full year. The net loss shown in the table above allows for an increase of Revenue from the dutiable ingredients due to an anticipated increase in consumption.

On the basis of the Commercial Accounts these reductions represent the surrender out of the Post Office Surplus of about £2,500,000 in a full year and about £2,000,000 in 1923-24.

19,000,000

26,000,000

Nil.

12,500,000

19,000,000

38,500,000

1,300,000
600,000

1,560,000

840,000

1,900,000+

2.400,000+

57,775,000

1923-24.

TABLE XI., giving BALANCE SHEET after alterations proposed by the Chancellor of the Exchequer, and separating Special Receipts and Expenditure.

1923-24.

TABLE XII., giving FINAL BALANCE SHEET, 1923-24, after alterations proposed by the Chancellor of the Chancellor.

ESTIMATED REVENUE, 1923-24.

£

116,900,000

ESTIMATED EXPENDITURE,

1923-24.

CONSOLIDATED FUND SERVICES.

£ 350,000,000

3,000,000 12,650,000

10,348,000

1,500,000

2,972,000

TOTAL CONSOLIDATED
FUND SERVICES

£380,470,000

Payments to Local Taxation
Accounts, &c.
Land Settlement -

Other Consolidated Fund Ser-
vices

(RATES OF INCOME TAX AND SUPER-TAX).

TABLES ILLUSTRATING THE EFFECTIVE RATES OF INCOME TAX (INCLUDING SUPER-TAX) UNDER THE PROPOSALS OF THE CHANCELLOR OF THE EXCHEQUER FOR 1923-24.

Presented to the House of Commons by Command of His Majesty.

mon-drow

LONDON:

PRINTED & PUBLISHED BY HIS MAJESTY'S STATIONERY OFFICE

To be purchased through any Bookseller or directly from H.M. STATIONERY OFFICE at the following addresses: Imperial House, Kingsway, London, W.C.2, and 28 Abingdon Street, London, S.W.1; 37 Peter Street, Manchester; 1 St. Andrew's Crescent, Cardiff; or 120 George Street, Edinburgh.

1923 Price 2d. net.

Cmd. 1850.

TABLES showing in the case of (a) SINGLE PERSONS, (b) MARRIED COUPLES without Children, and (c) MARRIED COUPLES entitled to the Allowance for Three Children, the amount of INCOME TAX (including Super-tax where the total income exceeds £2,000) PAYABLE ON CERTAIN INCOMES, and the EFFECTIVE RATES CHARGED in the £: (i) for the year 1922-23 (with Income Tax at the standard rate of 5s. in the £), and

(ii) for the year 1923-24 (with Income Tax at the standard rate of 4s. 6d. in the £ as proposed by the Chancellor of
the Exchequer on the 16th April, 1923).

NOTE.-The reduction in the standard rate of Income Tax from 5s. to 4s. 6d. in the £ automatically involves a reduction
from 2s. 6d. to 2s. 3d. in the £ in the rate of Income Tax chargeable on the first £225 of an individual's taxable income
(i.e., the actual income less the allowance in respect of earned income and less the personal allowances and deductions).

(a) Single Persons.

TABLE showing amounts of Income Tax (including Super-tax where the total income exceeds £2,000) payable by Single
Persons on Earned and Investment Incomes of Selected Amounts, and the Effective Rate of Tax on each £ of Actual
Income in each case.

Note. In the case of incomes exceeding £2,000, the above figures include Super-tax as well as Income Tax.