The estimate of£75,450,000 is the assumed total of the net expenditure of local education authorities in England and Wales, which will be met partly from rates and partly from taxes. The composition of this total and the assumptions on which it is based are explained on page 8 of the Memorandum on the Board of Education Estimates, 1922–23. The estimate of£103,000,000 is apparently an estimate, based on provisional forecasts, of the total educational expenditure from taxes and rates, whether included in the accounts of local education authorities or not.