NIGERIA'S VOTE TO EMPIRE DEFENCE
LONDON, February 28. Nigeria is contributing ■ £75.000 to Imperial defence.
GOVERNMENT STOCKS RECOVER
(British Official Wireless.) (Received March 1, 11.50 a.m.) RUGBY, February 27. Further sharp recoveries in British Government stocks which were recorded yesterday on the Stock Exchange are attributed in part by financial journals to the assurances given by the Chancellor of the Exchequer in the House of Commons debate on Thursday concerning the effects of the defence expenditure on taxation.. In this speech Mr. Chamberlain pointed out that the annual interest charge on the national debt had been reduced from £282,500,000 in 1931 to about £210,500,000 this year, and that the resultant annual saving of £72,000,000 was not much less than the annual average of the new defence borrowing that was contemplated.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19370301.2.84.3
Bibliographic details
Evening Post, Volume CXXIII, Issue 50, 1 March 1937, Page 9
Word Count
130NIGERIA'S VOTE TO EMPIRE DEFENCE Evening Post, Volume CXXIII, Issue 50, 1 March 1937, Page 9
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in