BRITISH FINANCE.
EXCHEQUER RETURNS FOR NINE MONTHS. (uiut«» mtn* **«ociat«oi»—*» aMoraic •nuitoa.vFH -copi»ia»r.) 1 (Received January 2nd, 12.90 a.m.) IX)NDON, Jinuary 1 The Kxehequer retum§ for the mine months of the Budget year show a revenue of .0418,000,000, a decrease of £18,000.000. The expenditure in £.568,000,000, an increase of £17,000.000. The "Financial News" says thai it is painfully evident that Mr Fhili|> Snowden will need unexampled reMli©ncy in revenue if the Budge* it to balance. Tlie national accounts ahow a deficiency in revenue for threequarters of" the vear of £169,797,000. an compared with £137,770.000 for • similar period laat year, and £150.261 .- 000 two years ago. Admitting thai the final quarter always goea far to correct the ultimate balance, the editorial expresses the opinion that a sub stantial deficit on the year i» inevilable. It was extremely difficult to aee how new taxation can be avoided, which cannot further trade or employment.
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Press, Volume LXVI, Issue 19816, 2 January 1930, Page 11
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151BRITISH FINANCE. Press, Volume LXVI, Issue 19816, 2 January 1930, Page 11
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