The Revenue returns to the end of the year 1890
show that in the three expired quarters of the financial year which ends with the end of next March, the receipts have been nearly two mil- lions sterling more than those of the corresponding portion of last year, and have amounted. to £63,153,178, Mr. Goselien estimated the revenue of the whole year, after his pro- posed changes had been made, at £87,190,000, -and three- quarters of this would yield £65,392,500, so that apparently the revenue is below the estimate. In reality, however, so much of the income comes in in the last quarter,—the greater part of the property and income-tax being always paid at that time,—that no doubt Mr. G-oschen will again have a fair if not a considerable surplus, but in all probability nothing like the surplus of last year.
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