Estimate for the year 1912-1913 10,839,000

Add free gift of £500,000 to be reduced in nine years to 200,000

The Postmaster-General's Estimate of £200,000 normal yearly increase of revenue in twenty years 4,000,000

Income in twenty years (round figures) 15,000,000

Expenditure:

Sum transferred to Ireland 1912-1913 5,462,000

Post Office, 1912-1913 1,600,000

Old-age pensions (Treasury Paper) 2,800,000

Land purchase (£761,000 in 1912-1913 increased by £450,000) 1,211,000

Insurance £191,500 in 1912-1913 increased by £300,000 491,500