1920/21 » 745,741,000 (— 232,769,000) 1924/25 » 486,239,000 (— 37,019,000) 1926/27 » 394,946,000 (+ 4,382,000) 1929/30 » 376,072,000 (+ 20,030,000) 1931/32 » 360,834,000 (— 24,981,000) 1932/33 » 370,800,000 (— 35,667,000) 1933/34 » 367,000,000 (+ 10,213,200) 1934/35 » 395,900,000 (Budget) The fact that the latest national accounts reveal a material increase in expenditure is due to the general crisis, which has on the one hand neces- sitated increased grants for the relief of unem- ployment, and, on the other hand, has involved further heavy shrinkage in incomes, so that new taxes have had to be levied. It should be noted that each Budget includes the deficit from the previous financial year, and also that repayments in respect of the national debt are being main- tained. National income is derived primarily from consumption taxes (customs duties and various taxes on consumables), income tax, and property (real and personal) tax, surplus of State commer- cial services, and so forth. 34