Surplusage

Director Lord of the Budget Bureau issued the final figures on the Treasury's year--writing the final chapter of the book which might be written on the expectations and predictions on how the year would end. At the low end of the scale was the point where a deficit of $823,000,000 was expected. At the other end of the scale was the final announcement of General Lord, a $310,000,000 surplus on June 30. While the $310,000,000 surplus of revenues over expenditures (including sinking fund and interest on the public debt) was unexpectedly large, it was no world's record, being almost $200,000,000 smaller than the surplus of the British Government for its fiscal year ending March 31 last. The change from an expected deficit of $823,000,000 to an actual surplus of $310,000,000 was brought about as follows: Increase of customs receipts . . . . . . . . . . . . . .$213,000,000 Increase of internal revenue . . . . . . . . . . . . . . . 423,000,000 Misc. receipts . . . . . . . . . 131,000,000 Reduction in general expenditures . . . . . . . . . .151,000,000 Reduction in interest payments . . . . . . . . . . . 45,000,000 Net decrease in capital outlays . . . . . . . . . . . . . 170,000,000