DEBTS AND TAXES

Patea Mail, Volume LIII, 9 March 1932, Page 4

DEBTS AND TAXES

NATIONAL INCOME’S FALL. COMPARISONS MADE. The increase in national debt charges and tax revenue since 1925-26, against which there has been a large shrinkage in the national income, is illustrated in a table appended to the economists’ report presented to the House of Representatives on Friday. The table is as follows: —

Ig- i i y- £ § .g.2 £? § Co 5 a rt p p |.l O O O§ M .2 I 4. .2 §l3 o _oj e# a O 3 fl EH MPh +3 Year. £m. £m. . £m. % 1925-26 ~ 136 9.93 17.25 12.7 1928-29 ~ 150 10.15 17.82 11.9 1930-31 .. 120 10.95 18.88 15.7 Excluded from the table given above are “ all other expenses,” which arc shown as follow: —1925-26, £13.64 m.; 1928-29, £14.02 m.; 1930-31, £14.08 m.