“We Shall Come Through”
CHURCHILL CONFIDENT Great Britain Paying Her Way British Wireless—Press Assn.—Copyright -Received 11.32 a.m. RUGBY, Sunday. THE Chancellor of the Exchequer, Mr. Winston Churchill, speaking in Scotland yesterday, said that the national finances, despite last year’s industrial upheaval, had stood the strain.
“VyE shall come through the consequences of that trouble without having to reimpose any of the £40,000,000 of direct taxation remitted by the present Government in 1925, or any of the £20,000,000 of indirect taxation remitted by the Labour Government in 1924.
“There is every expectation that we shall be able to provide every penny of our debts under the sinking fund. The immense total of £65,000,000 was set apart for that purpose this year. “These financial facts had economic
reactions upon the life of the nation. The most notable of these has been the steady diminution in the cost of living by nearly one-third, which meant an extension of real wages and a lightened pressure in every home throughout the land.” “As for the housing problem, before Parliament completed its course in 1929, one million new houses, accommodating five or six million persons, would have been constructed with State assistance during the life of the present Government. —A. and N.Z.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/SUNAK19270905.2.5
Bibliographic details
Sun (Auckland), Volume I, Issue 141, 5 September 1927, Page 1
Word Count
206“We Shall Come Through” Sun (Auckland), Volume I, Issue 141, 5 September 1927, Page 1
Using This Item
Stuff Ltd is the copyright owner for the Sun (Auckland). 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 Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in