BRITAIN’S EXPENDITURE
AS MUCH AS £149 A SECOND. (By Telegraph—Press Association—Copyright) LONDON, January 15. _ Every time the clock ticks the British Government spends £149. For the first 10 days of the current year taxation receipts were equivalent to £7086 for every minute, of which £3621 represented income tax. Expenditure was at the rate of £8940 a minute and the Government had to borrow over £ 1850 a minute.
This is officially regarded as most satisfactory, as recent borrowings avenged £10,000,000 a day, equivalent to £6944 a minute.
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Wairarapa Times-Age, 16 January 1942, Page 6
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86BRITAIN’S EXPENDITURE Wairarapa Times-Age, 16 January 1942, Page 6
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