BRITAIN’S DEBT
REDUCTION OF INTEREST CHARGES. RY CABLE—PEESS ASSOCIATION —COPYEIGHT. Received 12.30 p.m. to-day. LONDON. April 26. In the House of Commons, the Chancellor of the Exchequer (the Rt. Hon. Winston Churchill) informed! Mr Petbick Lawrence that loan conversions since 1918 had increased the face value of the national debt by £318.000.000, but face values were misleading. Aotunllv the annual interest charge had decreased during the last seven years by £47,000,000 per year.
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Hawera Star, Volume XLVI, 27 April 1927, Page 9
Word Count
73BRITAIN’S DEBT Hawera Star, Volume XLVI, 27 April 1927, Page 9
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