LONDON’S DEBT.
Th© aggregate n©tt debt of London secured 'on the rates on March 31, 1909. was .£110.621.600, as against .£109,983,174 on-the corresponding date of th© previous year, an increase of <£H35,426. This *s less than one-half of the increase of tho previous year, which was less than onc-half of the increase of tfi© year before that. This addition to the nett liability, inasmuch as a sum of no less than .£2,595,165 was paid off or set .aside for redemption of debt during the year 1908-9, represents the creation of a fresh debt to the aggregate amount of .£3,233.591, a largo part of which, however, has been incurred for revenue-producing services.- The total nett debt in its relation to the rateable value •of London shows a reduced percentage. Chi March 31. 1909, the nett debt was' equivalent to 254.28 pey cent, of the rateable value of London, whereas on March 31, 1908, it worked out to 255.0-4 per cent. . t
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Bibliographic details
New Zealand Times, Volume XXXII, Issue 7110, 23 April 1910, Page 10
Word Count
160LONDON’S DEBT. New Zealand Times, Volume XXXII, Issue 7110, 23 April 1910, Page 10
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