BRITISH EXCHEQUER.
BIG INCOME TAX YIELD
(British Official Wireless.) RUGBY, Sept. 30. Exchequer returns for the first half of the financial year show that the total ordinary revenue amounted to £452,518,411, an; increase of £114,054,021 over the corresponding period of the last financial year. ' The most striking increases in the yield from the various sources of revenue are in respect to income tax, which at £95,111,000 is £42,101,000 higher than a year ago, and excise, which is more than £23,01X1,000 higher at £85,100,000. The total expenditure, less self-bal-ancing items, was £610,135,776, compared with £552,826,216 at the corresponding date of 1939, after only one month of war!. This great increase in expenditure, which was almost exclusively in the supply services, reflects the country’s effort in the prosecution of the war. The floating debt outstanding at September 30 totalled £2,136,680,000.
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Manawatu Standard, Volume LX, Issue 262, 3 October 1940, Page 7
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138BRITISH EXCHEQUER. Manawatu Standard, Volume LX, Issue 262, 3 October 1940, Page 7
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