£1,056,000, £150,000, £287,000, and £395,000. The expenditure of the year, estimated at £50,247,000, had been £50,291,000, and the surplus in hand was £2,176,988. The expenditure for the current year he estimated at £51,163,979, including an additional vote to be proposed of £200,000 for the Kaffir war, and another of £350,000 for the expenses of the militia. The income, which in some items had been increased by the Exhibition last year, was estimated for the next year thus--Customs, £20,572,000; Excise, £14,604,000; stamps, £6,339,000; taxes, £3,090,000; property tax (the half-year), £2,641,500; Post-office, £938,000; Woods and Forests, £235,000; miscellaneous, £260,000; old stores, £400,000; total, £48,983,000, exhibiting a deficiency of £2,180,479, which would be increased in the next year by the total loss of the income tax, supposing it not to be renewed, to £4,400,000. If, however, that tax were re-imposed, he calculated it would produce net £5,187,000, which would give a gross income, from all sources, of £51,625,000, the surplus would then be £461,021. And though it would give him great pleasure to re-adjust the burdens of taxation fairly and equally on all classes, and all interests, yet, seeing the position of the finances, and the difficulty, if not impossibility, of dealing with the subject in the present state of feeling in the House and the country, he felt bound to propose the re-imposition of the property and income tax for a further limited period of one year. This statement was received by the House, as by the whole country, as embodying a substantial tribute from the Protectionist Ministry to the soundness of the Free Trade policy and to the necessity of leaving it undisturbed.