THE NATIONAL DEBT

Evening Star, Issue 19793, 17 February 1928, Page 2

THE NATIONAL DEBT

GIFTS TOWARDS REDUCTION GAMBLERS’ GENEROSITY. LONDON, February 16. Mr Winston Churchill (Chancellor of the Exchequer) received the following letter;—“ Honuorable Sir, —Seeing that someone has kindly given £500,000 to help the debt, I felt 1 would like to do a bit myself, so am sending 10s, as 1 am only poor.” Mr Churchill publidly expressed the thanks of the natimi and warm appreciation for the patriotism of two British visitors to Nice recently who won £6,000 at the baccarat tables, and telegraphed to Mr Churchill offering to devote a substantial part of the winnings to the National Debt.

PUBLIC FUND SUGGESTED. LONDON, February 16. Besides the gift of 10s, the Chancellor of the Exchequer gratefully acknowa gift of £IOO for debt extinction. Sir Reginald Hall, at a public dinner in Eastbourne last night, hoped that a public fund would bo started, and within a few minutes £SO was subscribed and a committee formed to carry out schemes. No doubt if the movement was popularised throughout the country, perhaps even throughout the Empire, a huge sum might be raised. Several critics, however, see objections to locking up money for fifty or 100 years.