BRITAIN'S FINANCES.
STATEMENT EY OHANOBLLOR, OF EXOHEQTJEB.
(By A»»«a»U4a—Coprttjhi) (R«at«r ■ 'Xew-rnußt-J (Received August 18th, 1.10 a.m.) LONDON, August 18.. In, the House of Commons Sir Robert Home, Chancellor of the Exchequer, stated that in the first four and a half months of the financial year the ordinary revenue was remarkably steady. The only serious deficiency was involved in the sales by the Disposal Boards and the excess profits duty, but these deficiencies woujd not wipe out entirely the favourable figures. Seventy-eight millions of pounds was earmarked for redemption of debt. A. very substantial amount would be obtained from German reparations to help the revenue. Therefore, he did not view this year's position as gloomy, but he felt real apprehension as regards 11)22. Receipts from excess profits duty, sales of war material, and income tax would shrink considerably. To balance accounts therefore expenditure must be reduced by £130,000,000 as compared with 1021. -
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Bibliographic details
Press, Volume LVII, Issue 17227, 18 August 1921, Page 7
Word Count
151BRITAIN'S FINANCES. Press, Volume LVII, Issue 17227, 18 August 1921, Page 7
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