State of the Surplus of the Revenue for 11 years ended at 1775.
Unappropriated Revenue.
| Neat Produce of the Sinking Fund, for five years, including casual surplusses, reckoning to Christmas in every year; being the annual medium, after deducting from it about 45,000l. always carried to it from the supplies, in order to replace so much taken from it every year to make good a deficiency in a Fund established in 1758. | £. 2.610,759 |
| Neat annual produce of Land Tax at 3s. militia deducted; and of the Malt Tax[128] | 1.800,000 |
| (N. B. These two taxes in 1773, brought in only 1.665,475l.) | |
| There are some casual Receipts, not included in the Sinking Fund, such as Savings in Pay-Office, duties on Gum Senega, American Revenue, &c. But they are so uncertain and inconsiderable, that it is scarcely proper to give them as a part of the permanent Revenue. Add however on this account | 50,000 |
| Total of unappropriated Revenue | £. 4.460,759 |
Produce of the Sinking Fund, reckoned to Christmas in every Year.
| 1770 | £. 2.486,836 |
| 1771 | 2.553,505 |
| 1772 | 2.683,831 |
| 1773 | 2.823,150 |
| 1774 | 2.731,476 |
The average of these five years is 2.655,759l. or, deducting 45,000l. (as directed in the last page), 2.610,759l.
In 1775, the Sinking Fund was taken for 2.900,000l. including an extraordinary charge of 100,000l. on the Aggregate Fund; but it produced 2.917,869l. The average of six years, including 1775, was 2.654,443l. The average of five years before 1770, was 2.234,780l.
ANNUAL EXPENDITURE.
| £. | |
|---|---|
| Peace Establishment, for the Navy and Army, including all miscellaneous and incidental expences | 3.700,000 |
| Annual increase of the Navy and Civil List debts | 350,000 |
| Interest at 2 per cent. of 3.600,000l. unfunded debt, which must be paid out of the unappropriated Revenue | 72,000 |
| Total | 4.122,000 |
| Annual Surplus of the Revenue | 338,759 |
| Annual income £. | 4.460,759 |