Revenue foe the Ybar 1888-89 (OfiDINARY. REVENUE.) The total revenue estimated to be received during the.' year 1888-89 was £4,162,400 ; the actual amount received was £1,055,030, so that the revenue as estimated in the financial statement exceeded the actual receipts by £107,366. The Customs duties yielded less than the estimate by about £55,392. This will probably not surprise members. It is certainly, under the circum stances, hot an unreasonable margin of error, taking into account the great difficulty in forming an accurate -estimate when some thing like a complete revision of the tariff takes place. During the year for which the estimate is made the railways also yielded less than the estimate by £38,865, but this was counterbalanced by a reduction in the expenditure of a still greater amount, bo that the net revenue re eived was £360,016 instead of £358, 162 as estimated. Stamps appear to (have yielded less than estimated by £14.329. 'This arose through an error which should nob have occurred of twice including in the estimate certain postal receipts, the result of a misunderstanding between the two depart ments which have to deal with questions of the Stamps estimate, viz., the Stamp and Postal Departments. Registration and •other fees fell short of the estimate £8273, Ibut the estimate included £11,500 for rates to be received under the District Railways Purchasing Act, which, however, through the failure of the Bill introduced last yea*?, did not come in. The ouly it em of revenue in the receipts of the year which can be con ssidf-red exception^ m a »urn of £18,000 tproiit earned by the Public Trust office ifbis hj law is made revenue, but for some reasc-B the amount has been allowed to accumulate in the office and has been paid into the public account year by year as it should have been. Of this amount £2587 «ras earned last year, bo the latter sum was strictly revenue of the year, and the wind fall was only £15,433. We shall always have s»ch exceptional items ©a both sides of the account, for instance in this flame year we had to pay a sum nearly as large, viz., £14.914, paid on accountof abolition of offices offices on carrying out retrenchment. LANI> THND EXPKKDITPBB AND REVENUE The ea>.._."ited exp.TX'Mia.n vi the Land Fund was £127.423. The actual expenditure 1 was therefore Jess than the estimate by £7927. 