FINANCES IN BRITAIN
INCREASE IN EXPENDITURE
(Official Wireless.)
RUGBY, Jan. 1
The depression in trade is reflected in the Treasury returns showing the national revenue and expenditure for the first nine months of the current financial year, Although an increase in ordinary revenue of barely £17,000000 is recorded, ordinary expenditure has increased by £25,000,000 as compared with the corresponding period of last year. The deficit* shown amount*; to £1SO,(X)O,0OO, against a deficit of £170,000,000 at the corresponding date last year. No estimate of the year’s results ban however, be formed at this stage, as the larger part of the income tax is usually collected in the last quarter of the financial year. Substantial increases are recorded in revenue during the nine months from income tax, surtax and death duties. Decreases occurred in revenue from stamps, excise and miscellaneous receipts.
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Hokitika Guardian, 5 January 1931, Page 3
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139FINANCES IN BRITAIN Hokitika Guardian, 5 January 1931, Page 3
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