THE PUBLIC DEBT.
STEADILY INCREASING. Some interesting figures showing how the Public Debt has increased since 1914 were submitted to the annual meeting of the shareholders of the Bank of New Zealand by Mr H. Beauchamp, chairman of directors. The figures were as follows: — Year ended Net Per head of 31st March, indebtedness. Population.
The debt now must he over £200,000,000. During the past financial year £7,831,593 was paid in respect 1o interest and sinking fund, as compared with £2,871,512 charged in the year J913-J4. There was paid in pensions during the past .financial year £2,812,750, as against £2,691,444 in the previous year.
£ £ O 8 1914 s .. 91,689,835 84 O 8 1915 96,614,455 87 10 3 1916 105,957,433 96 5 9 1917 ... 125,57-2,515 114 0 9 1918 .... 145,868,450 132 0 8 1919 170,125,204 151 5 6 1920 193,913,191 165 3 1
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Shannon News, 24 June 1921, Page 1
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141THE PUBLIC DEBT. Shannon News, 24 June 1921, Page 1
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