HOMELAND FINANCES
NATIONAL DEBT BURDEN.
[BY CABLE —PRESS ASSN. —COPYRIGHT.]
LONDON, February 16.
Surprising figures of the effect of the fall in prices were given by Sir Josiah Stamp, in a speech at Westminster. He said that the dead burden of the National Debt was now about three times as great as it was in 1920, but that year was the maximum one of inflation. He personally had calculated the effective weight of the debt in terms of 1924 values, and at present it was 11,638 millions sterling, or an increase of over four thousand millions. The situation had become worse .since March, 1931. t
‘INCOME TAX CONCESSION.
LONDON, February 16.
the “Daily Telegraph’s” political contributor says: Mr Neville Chamberlain, is aiming at a reduction in the income tax in the next budgetPossibly it will be ninepence or one shilling in the pound less. At least it will be sixpence. This is due to a certainty of the. substantial surplus on March 21.
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Greymouth Evening Star, 17 February 1932, Page 5
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163HOMELAND FINANCES Greymouth Evening Star, 17 February 1932, Page 5
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