CHURCHILL REDUCES DEBT REDEMPTION CONTRIBUION.
INDUSTRIAL TROUBLES CAUSES DE FIC I T OF £25,000,000 TO TREASURY. By Telegraph.—Press Assn.—Copyright. ** Sydney Sun” Cable. (Received February 23, 10.30 a.m.) LONDON, February 22. The political writer of the “ Daily Mail” says that in view of industrial disputes causing the Treasury a deficit of £25,000,000 Mr Winston Churchill has decided to reduce next year’s sinking fund contribution to debt redemption, believing that this action is fully justified under the exceptional circumstances. The contribution for the present year was £60,000,000.
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Star (Christchurch), Issue 18088, 23 February 1927, Page 1
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85CHURCHILL REDUCES DEBT REDEMPTION CONTRIBUION. Star (Christchurch), Issue 18088, 23 February 1927, Page 1
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