AMERICAN FINANCE.
THE NATIONAL DEBT. . : MAY BE EXTINGUISHED. •WASHINGTON.' Aug. 5. The national debt of America, which is just less than £800,000,000, bids fair to be extinguished by. 1945, with taxes also steadily dropping in the meantime. . The debt is being reduced at the rate of £130,000,000 a year and if Europe ever pays the principal and interest of war debts to America the nation's debt -will automatically disappear.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZH19260821.2.60
Bibliographic details
New Zealand Herald, Volume LXIII, Issue 19412, 21 August 1926, Page 11
Word Count
69AMERICAN FINANCE. New Zealand Herald, Volume LXIII, Issue 19412, 21 August 1926, Page 11
Using This Item
NZME is the copyright owner for the New Zealand Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence . This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries and NZME.
Log in