BRITISH POLITICS.

Colonist, Volume LII, Issue 12766, 12 April 1910, Page 3

BRITISH POLITICS.

THE FLOATING DEBT,

INCREASE OF CHAMPAGNE IMPORTS.

[Pbess Association-Copybight.J

London, April 10. Four millions of fresh Treasury Bills have been issued, making tne floating debt £35,000,000 since the end of October. The interest paid is now £20,000 a week. The f «™i» W ". ilia last month was- £4,000,UUU. Analysing the whole position, and including the taxation in abeyance, the "Spectator" estimates this year s revenue at £162,000,000, and expenditure at £175,000,000. *■ The imports of Continental champagne this year have increased 25 per cent owing to the fear that Mr Lloyd George, Chancellor of the Exchequer, intends to increase the duties.