BRITAIN’S DEBT.
RATE OF INTEREST. By Telegraph—Press Association—Copyright Australian and N.Z. Cable Association.. LONDON. May 8. * j Mr Stanley Baldwin, Chancellor ot the Exchequer, replying to a question | in the House ol Commons, said that the ( average interest on Britain’s debt, ex- ! eluding the floating debt, was about -I.’ I per cent-. Including the floating debt, j it was less. This interest was practic- j allv all liable to income tax and super- ( tax. If allowance was made for this, ! the rate did not compare unfavourably \ with the rate Britain was paying the j United States.
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Bibliographic details
Star (Christchurch), Issue 17037, 10 May 1923, Page 12
Word Count
96BRITAIN’S DEBT. Star (Christchurch), Issue 17037, 10 May 1923, Page 12
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