BRITISH NATIONAL DEBT
GIGANTIC CONVERSION SCHEME. BENEFIT TO TAXPAYER. London, Jan. 27. The “Daily Express’ ” City editor understands that a gigantic conversion scheme for the whole of the national debt is under consideration. The greater part of the saving in interest payments, equivalent to eighteenpence in income tax, would be passed on to the taxpayer. It would be similar to the plan carried out in Australia, where Government stocks stand at a higher level to-day than before the conversion. i
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Bibliographic details
Hawke's Bay Tribune, Volume XXII, Issue 37, 27 January 1932, Page 9
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80BRITISH NATIONAL DEBT Hawke's Bay Tribune, Volume XXII, Issue 37, 27 January 1932, Page 9
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