BRITISH DEFICIT
OF 2.5 MILLIONS. United Pres., Association—By Electric Telegraph.—Copyright.) LONDON. .March 30. Afr Ramsay MacDonald and other members of the Cabi et visited A: Philip Snowden (Chancellor of the Exchequer) and discussed tin' Budget with him. The “Daily Herald” predicts a deficit of twenty-five millions. The paper points out. however. tli«‘ the national debt has actually bee-, re. dneed during tho vear bv tliiCv mi 1 - lions. Moreover, it says, ten niill'n- ■ of the deficit is due to ox* css paV’etd 1 to the National Debt Sinking and as many millions have been s'V'd on the interest charges as the '■'•sub of cheaper borrowing, such si , v"i m ’ will go to the reduet ion of d,o ,lr ‘ ht It says additional income tax is no* liLeiv to he levied.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/HOG19310331.2.22
Bibliographic details
Ngā taipitopito pukapuka
Hokitika Guardian, 31 March 1931, Page 3
Word count
Tapeke kupu
130BRITISH DEFICIT Hokitika Guardian, 31 March 1931, Page 3
Using this item
Te whakamahi i tēnei tūemi
The Greymouth Evening Star Co Ltd is the copyright owner for the Hokitika Guardian. 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 the Greymouth Evening Star Co Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in