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The Post Office Department estimates that the postal revenues for the fiscal year 1919 will probably amount to $349,800,000, exclusive of increased postage to be deposited in the Treasury under the law, with expenditures for the Postal Service for the same period, under existing laws, of $353,200,000.

ESTIMATES FOR 1919 AND APPROPRIATIONS FOR 1918.

Comparison of the estimates for 1919 with the appropriations for 1918 shows an increase in the 1919 estimates of $1,622,364,327.05, including the Panama Canal, as exhibited in the tables following:

SECRETARY OF THE TREASURY.

79

Statement of estimates of appropriations for 1919 increased over appropriations for 1918.

[Excluding sinking-fund requirements, postal service payable from the postal revenues, and public debt.]

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Agreeing with the appropriations for 1918 shown in the preceding table, against which the estimates of appropriations submitted for 1919 show an increase of $1,622,786,002.05 in the ordinary and $1,622,364,327.05, including the Panama Canal.

Attention is respectfully called to 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.

W. G. MCADO0,

To the SPEAKER OF THE HOUSE OF REPRESENTATIVES.

Secretary.

EXHIBITS ACCOMPANYING THE REPORT ON THE FINANCES.

13034°-FI 1917-6

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