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COMPARISON OF DISBURSEMENTS, FISCAL YEARS 1909 AND 1910-Continued.

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a Exclusive of grants from the Treasury for deficiencies in postal revenues for 1909, $19,501,062.37, and for 1910, $8 495,612.37, included in expenses of civil establishment, page 33.

Fiscal year 1911.

The ordinary receipts of the Government for the current fiscal year are estimated upon the basis of existing laws as follows:

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Transactions in deposits and redemptions for the national-bank note redemption account, act of July 14, 1890, are excluded from the estimates, no excess of redemptions over deposits for retirement of the notes being anticipated.

Postal service:

Estimated postal revenues for the current year.

Estimated expenditures for the postal service, payable from said

revenues..

$243, 000, 000

243, 000, 000

Fiscal year 1912.

It is estimated that upon the basis of existing laws the ordinary receipts for the fiscal year 1912 will be

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The estimates of appropriations for the fiscal year 1912, as submitted by the executive departments and offices, are as follows:

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Treasury Department, public buildings and works 11, 864, 545. 60

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Total estimated ordinary appropriations, including public
buildings and works under Treasury Department, and ex-
cluding postal service payable from the postal revenues.....

$7, 193,784.85

43, 246, 776. 00

1,314, 600.00

4,314, 216. 41 93, 246, 776. 80 117, 924, 832. 24

8, 146, 260.00 153, 688, 000. 00

60, 146, 063. 92

72, 696, 778.78

68, 575, 924. 12

630, 494, 013. 12

The Panama Canal appropriations to be reimbursed by proceeds of bond sales are estimated at.

Total estimated appropriations for 1912..

A surplus of ordinary receipts over estimated expenditures of...
A deficit, including Panama Canal estimates, of....

Postal service:

The postal revenues for the year are estimated at...........

$56, 920, 847. 69

687, 414, 860. 81

49, 505, 986. 88 7,414, 860. 81

250, 733. 945, 00

250, 733.945. 00

And the appropriations for the postal service, payable from said revenues, are submitted at...... Comparison of the estimates for 1912 with the appropriations for 1911 shows a decrease in the 1912 estimates of $33,899,039.67, as exhibited in the tables following.

STATEMENT OF ESTIMATES OF APPROPRIATIONS FOR 1912 DECREASED UNDER APPROPRIATIONS FOR 1911.

[Excluding sinking fund and postal service payable from the postal revenues.]

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Exhibit of appropriations for 1911.

Total appropriations for 1911, including estimated permanent annual appropriations and deficiencies for prior years..... Deduct appropriations made for the postal service for 1911, $243,907,020, and deficiencies made therefor for prior years, $983,207.05, which are payable from the postal revenues, except any excess of expenditures over the revenues....

Add

Deficiency in the postal revenues for 1911, payable by law from the General Treasury, estimated at..

Deduct

Sinking fund, and deficiencies for prior years...

Total....

Agreeing with the appropriations for 1911 shown in the preceding table, against which the estimates of appropriations submitted for 1912 show a decrease of $33,899,039.67.

$1,039, 550, 617.01

244, 890, 227. 05

794, 660, 389. 96

10, 634, 122. 63

805, 294, 512. 59

83, 980, 612. 11

721, 313, 900. 48

I respectfully call your attention to the two further divisions of this report, to-wit: The condensed annual reports of the various bureaus and divisions of the Treasury Department, and the tables accompanying the report on the finances.

FRANKLIN MACVEAGH,

Secretary.

To the SPEAKER OF THE HOUSE OF REPRESENTATIVES.

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