Part of the debate – in the House of Commons at 12:00 am on 14 July 1947.
" I. Whereas it appears by the Navy Services Appropriation Account lor the year ended the 31st day of March 1946, that, as shown in the Schedule hereunto appended, the total surpluses and deficits on Navy Votes for that year are as follows:—
| £ | s. | d. | £ | s. | d. | |
| Total Surpluses, viz.;— | ||||||
| Surpluses of actual as compared with estimated receipts (Vote 2–6 and –16) | — | 55,106,623 | 12 | 4 | ||
| Deduct — Sum to be surrendered to the Exchequer in respect of the Excess of receipt over the total of Appropriations-in-Aid authorised by Parliament | — | 8,215,984 | 15 | 7 | ||
| 46,890,638 | 16 | 9 | ||||
| Total Deficits, viz.:— | ||||||
| Deficiencies of actual as compared with estimated receipts (Votes 1 and 7) | 46,890,638 | 16 | 9 | — | ||
| Excusses of acutal over estimated gross expenditure | 721,843,260 | 15 | 11 | — | ||
| 768,733,899 | 12 | 8 | ||||
| Net Deficit charged to Vote of Credit | £721,843,260 | 15 | 11 | |||
| And whereas the Lords Commissioners of His Majesty's Treasury have temporarily authorised the application of that part of the surplus receipts relaised under votes 2 to 6 and 8 to 6 which is required to make good the defict in receipts under Votes 1 and 7. | ||||||
