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Miscellaneous Revenue, 1946–47

Volume 436: debated on Tuesday 15 April 1947

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Miscellaneous Revenue in 1946–47 brought in £380 million, £92 million more than the estimate. This substantial surplus was made up of £4 million more than the estimate for motor vehicle duties, £6 million more from the sale of war stores, £9 million more from the trading surpluses of Government Departments—for which I have to thank, principally, my right hon. and learned Friend the President of the Board of Trade. £5 million more from wireless licences, £12 million more from repayment of the so-called "Sundry Loans" and £56 million more from Miscellaneous Receipts—a number of small items. Therefore, last year's total revenue from all sources was £3,341 million, or £180 million more than the estimate. The revenue was indeed buoyant, and we have nothing to regret in this state of affairs. We collected £180 million more than the estimate for the revenue last year.