DEBT OF BRITAIN.
TOTAL AT LAST MARCH. HIGH INTEREST PAYMENTS. (British Official Wireless.) (Received November 18, 5.5 p.m.) A. and N.Z. RUGBY, Nov. 17. In the House of Commons, the Chancellor of the Exchequer, Mr. Winston Churchill, said the amount of the national debt at March 31 last was £7,622,000,000, and the interest charged for the year ended March 31 was £316,000,000. The corresponding figures per head of population were £l6B lis and £6 19s lid respectively. These figures, however, taken by themselves would be misleading, since the nominal total afforded no measure of the burden of the debt, and the interest figure for 1926-1927 was abnormally high.
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New Zealand Herald, Volume LXIV, Issue 19798, 19 November 1927, Page 11
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108DEBT OF BRITAIN. New Zealand Herald, Volume LXIV, Issue 19798, 19 November 1927, Page 11
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