BRITISH FINANCE.
THE REVENUE STEADY. HELP FROM REPARATIONS. NECESSITY FOR ECONOMY. By Telegraph.—Press Assn.—Copyright. Received August 18, 1.10 a.rii. London, August 16. In the House of Commons, Sir Robert Horne (Chancellor of the Exchequer) stated that in the first four and a half months of the financial year the ordinary revenue had been remarkably steady. The only serious deficiency involved the sales of the disposals boards, and the excess profits duty, but these deficiencies would not wipe out entirely the -favorable figures. The sum of £78,000,000 was ear-marked for the redemption of the debt. A very substantial amount would be obtained from the German, reparations to help the revenue, and ' therefore he did not view the year’s position gloomily, but felt real apprehension as regards 1922. Excess profits, sales of war material, and income tax receipts would shrink considerably, and to balance ac- • nunts, therefore, the expenditure must bo reduced by £130,000,000 compared with 1921.—Renter.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/TDN19210818.2.41
Bibliographic details
Ngā taipitopito pukapuka
Taranaki Daily News, 18 August 1921, Page 5
Word count
Tapeke kupu
155BRITISH FINANCE. Taranaki Daily News, 18 August 1921, Page 5
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Taranaki Daily News. 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