The table given above analyses the Home Accounts in a way which brings out the essential facts more clearly than the Government’s own published accounts. These actual figures may be compared with the hypothetical balance–sheet given in § 13.
The principal items of the Home Charges are analysed below. As these do not vary much from year to year it has been thought sufficient to give the figures of one recent year, namely, 1911–12. It will be seen that in that year about £5,000,000 was spent on pensions and leave allowances, £11,000,000 on debt services, and £2,250,000 on military services (excluding pensions). Other expenses were of a very small amount.
Analysis of Home Charges in 1911–12
| Superannuation and pensions | (Civil) | £2,063,100 | ||
| ” | ” | (Military)(net) | 2,471,400 | |
| Furlough allowances | 426,500 | |||
| Interest on ordinary debt | 2,284,700 | |||
| Interest on railway debt and on capital deposited by companies | 5,268,600 | |||
| Railway annuities and sinking funds | 3,623,600 | |||
| Military services (apart from pensions) | 2,277,400 | |||
| Miscellaneous | 1,130,200 | |||
| ———— | ||||
| £19,545,500 | ||||
| Revenue from interest | £448,000 | |||
| Miscellaneous revenue | 141,600 | |||
| ———— | 589,600 | |||
| ————— | ||||
| £18,955,900 | ||||
| ═══════ | ||||
The total drawings of Council Bills, the average, maximum and minimum rates of allotment, and the fluctuation between the maximum and minimum in recent years were as follows:—
| Total Drawings of Council Bills. | Average Rate. | Maximum Rate. | Minimum Rate. | Fluctuation. | |||
| £ | d | d | d | d | |||
| 1901–02 | 18,500,000 | 15·987 | 16 | · | 125 | 15·875 | ·250 |
| 1902–03 | 18,500,000 | 16·002 | 16 | · | 156 | 15·875 | ·281 |
| 1903–04 | 23,900,000 | 16·049 | 16 | · | 156 | 15·875 | ·281 |
| 1904–05 | 24,400,000 | 16·045 | 16 | · | 156 | 15·970 | ·186 |
| 1905–06 | 31,600,000 | 16·042 | 16 | · | 156 | 15·937 | ·219 |
| 1906–07 | 33,400,000 | 16·084 | 16 | · | 1875 | 15·937 | ·250 |
| 1907–08 | 15,300,000 | 16·029 | 16 | · | 1875 | 15·875 | ·312 |
| 1908–09 | 13,900,000 | 15·964 | 16 | 15·875 | ·125 | ||
| 1909–10 | 27,400,000 | 16·041 | 16 | · | 156 | 15·875 | ·281 |
| 1910–11 | 26,500,000 | 16·061 | 16 | · | 156 | 15·875 | ·281 |
| 1911–12 | 27,100,000 | 16·082 | 16 | · | 156 | 15·937 | ·219 |
| 1912–13 | 25,700,000 | 16·058 | 16 | · | 156 | 15·970 | ·186 |
CHAPTER VI
THE SECRETARY OF STATE’S RESERVES AND THE CASH BALANCES