Synopses & Reviews
Synopsis
Excerpt from W. E. Gladstone's Financial Statements of 1853, 1860 63: To Which Are Added a Speech on Tax-Bills, Etc
But, Sir, having reached this point by a smooth and easy progress, it is now my duty to entreat hon. Gentlemen to make large deductions from the very sanguine estimate which has been made in this House - so sanguine as, considering the quarters from which it came, to excite my surprise - to the effect that, because our balance-sheet for the past year shows 2,460,000l. Of surplus, therefore we have that sum available for remission of taxation. That would indeed be a precipitate inference. Unfortunately, before we arrive at such a conclusion, there is one circumstance rather material to examine, and this is, what is the probable or estimated amount of expenditure for the financial year which we have just commenced.
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