BRITAIN SPENDS MORE
INCREASED SINKING FUND British Wireless—Press Assn.—Copyright RUGBY, Tuesday. The increase of £17,415,092 in the expenditure of Britain in the past nine months to December 31 is more than accounted for by un increase in the sinking fund of is an actual decrease in the supply services of over £5,500,000. In kis Budget the Chancellor of the Exrireqyer. Mr. Winston Churchill, estimated the year's revenue at £834,830,000, so that if tho Budget estimate is to be realised, a large sum still remains to be collected in the last three months of the year, as the revenue to December 31 was £492,614,312. Last year, however, no leas than £345,500,000 was raised and there is generally a bigger inflow of revenue in the final quarter of the financial year.—A. and N.Z.
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Sun (Auckland), Volume I, Issue 244, 5 January 1928, Page 11
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131BRITAIN SPENDS MORE Sun (Auckland), Volume I, Issue 244, 5 January 1928, Page 11
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