BRITISH DEBT INTEREST
WAR LOAN ACTS OF 1914 AND 1915. ACCOUNT FOR £39,911,000. The report of tho Auditor-General on the National Debt charges under tho Consolidated Fund Account for 1915-16 was issued recently. Interest inside the pormanont or fired annual charge on tho funded debt is given as follows:— Year. £ 1914-15 14,632.000 . 1915-16 .: 22,934,000 Reduction 1,698,000 It is pointed out that tlie reduction was due mainly to tt\o, exercise of conversion rights tmder tho War Loan Act of 1915. Outside tho permanent annual charge the interest on debt created under the "War Loans Acts of 3914 and 1915 was as follows for 1915-16:— £ War Loans. 1915-56 24,349,13 V 3 por ceut. Exchequer Bonds, 1920 ■■■■■ 649,791 Prepaid int. on Treasury Bonds 13,446,928 Total 38,445,856 Tlio expenses tmdor tho War Loan Acts of 1914 and M 5 amounted to £1.465,107, malrinp the total £39,911.053 for the financial .year 1915-16.
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Bibliographic details
Dominion, Volume 10, Issue 3008, 20 February 1917, Page 5
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147BRITISH DEBT INTEREST Dominion, Volume 10, Issue 3008, 20 February 1917, Page 5
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