EXCESS REVENUE
BRITAIN’S FINANCES THE LATEST TREASURY RETURNS INLAND RECEIPTS (British Official Wireless.) (Rec. 5.5 p.m.) Rugby, March 20. The weekly Treasury returns show that up to March 17 the total ordinary revenue for the current year amounted to £696,053,578. This figure, which is within £2,724,000 of the estimated total revenue for the whole year ending on March 31, shows a surplus over ordinary expenditure, including the American debt payment (£3,304,392) of £29,252,971. A sum of £7,215,097 has, however, been allocated to the sinking fund for the repayment of the debt, leaving a net balance to date of £22,037,874. The return shows that £11,966,000 in inland revenue and £7,762.000 in Customs and excise were collected last week. During the financial year to March 17 the total yield of inland revenue was £369,078,000 and the total yield of Customs and excise £277,227,000. The outgoings last week in ordinary expenditure amounted to £12,309,353.
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Bibliographic details
Southland Times, Issue 22280, 22 March 1934, Page 7
Word Count
151EXCESS REVENUE Southland Times, Issue 22280, 22 March 1934, Page 7
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