BRITISH FINANCE
REVENUE remarkably steady CHANCELLOR APPREHENSIVE REGARDING 1922 By Telegraph—Press Assooiation-OopyrlgM (Rec. August 18, 1.10 a.m.) London, August 16. In the House of Commons Sir Robert Horne, Chancellor of the Exchequer, stated that in the first four and a half months of the financial year the ordinary revenue was remarkably steady. The only serious deficiency involved the Sales Disposals Boards and the excess profits duty, but these deficiencies would not wipe out entirely the favourable figures. Seventy-eight millions had been earmarked for the redemption of the debt. A very substantial amount would bo obtained from the German reparations to help the revenue. Therefore he did not view the year’s position gloomily, but felt real apprehension as regards 1922. The excess profits, sales of war material, and income tax receipts would shrink considerably. To balance the accounts, therefore, expenditure must be reduced by 130 millions compared with that of 1921,—Reuter.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/DOM19210818.2.29
Bibliographic details
Ngā taipitopito pukapuka
Dominion, Volume 14, Issue 278, 18 August 1921, Page 5
Word count
Tapeke kupu
150BRITISH FINANCE Dominion, Volume 14, Issue 278, 18 August 1921, Page 5
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Dominion. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in