THE PUBLIC DEBT.
STEADILY INCREASING.
Some interesting figures showing how the Public Debt has increased since .1914 were submitted to the annual meeting of shareholders of the Bank of New Zealand by Mill. Beauchamp, chairman of directors. The figures were as follows: Year Ended Net Per head of 31st Mar. Indebtedness. Population.
The debt now must be over £200,000,000. During the past financial year £7,831,593 was paid in respect to interest and sinking fund, as compared with £2,871,512 charged in the year 1913-14. There was paid in pensions during the past financial year £2,812,750, as against £2,(191,444 in the previous year.
1914 91,089,835 84 2 8 1915 90,644,455 87 10 3 1910 105,957,433 96 5 9 1917 125,572,515 114 0 9 1918 145,808,450 132 0 8 1919 170,125,204 151 5 0 1920 193,913,191 165 '3 i
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Manawatu Herald, Volume XLIII, Issue 2292, 21 June 1921, Page 3
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136THE PUBLIC DEBT. Manawatu Herald, Volume XLIII, Issue 2292, 21 June 1921, Page 3
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