1.—15

To complete this general survey, the following table gives a general picture of local-body (except Hospital Board) indebtedness

Table showing Gross and Net Debt and Annual Loan Charges of Local Authorities (except Hospital Boards) from 1918-19 to 1943-44

The period of heavy borrowing by all local authorities was between 1920 and 1931. There was little new borrowing during the depression, and since the depression territorial local authorities have not been heavy borrowers. Power Boards since 1921, and Harbour Boards recently, have had some heavy borrowing. Net debt is obtained by deducting sinking funds and repayments of capital from gross debt outstanding. „ , , , . , „ , The following table shows the total of all loan receipts of local authorities (except Hospital Boards) in the years from 1923-24 to 1943-44 :

Table showing Recorded Receipts from Loans of all Local Authorities (except Hospital Boards) from 1923-24 to 1943-44

43

_ , , . , T Annual Loan „ ,tiu Gross Debt Annual Loan pi, arlTe T)Rr Financial Yoar. Gross. Net Debt. per Head. Charges. Head! 1 ' £ £ £ s. d. £ £ s. d. i q 18—19 .. •• 28,074,950 24,321,413 23 16 6 1,489,890 1 5 3 1919-20 •• 30,187,942 26,492,420 24 8 1 1,633,341 16 5 1920-21 ■■ 32,104,957 28,138,025 25 6 7 1,755,951 1 7 7 1921-22 .. •• 36,745,089 32,443,639 28 4 9 2,133,764 1 12 9 1922-23 43,191,184 38,179,778 32 11 10 2,579,571 1 18 11 1923-24 .. •• 46,537,833 40,929,813 34 10 8 2,798,645 2 16 1924-25 •• 53,353,466 47,259,153 38 13 7 3,331,163 2 8 3 1925-26 •• 59,419,754 52,549,798 42 2 11 3,740,647 2 13 1 1926-27 64,012,24-7 56,523,579 44 10 3 4,050,895 2 16 4 1927-28 •• 66,404,172 58,082,687 45 13 6 4,255,469 2 18 6 1928-29 .. •• 69,294,619 60,072,123 47 2 1 4,479,180 3 0 11 1929-30 •• 71,207,539 61,595,740 47 16 4 4,682,181 3 2 11 1930-31 .. 72,686,036 62,166,199 48 1 8 4,828,793 3 3 11 iqsi-32 " .. 72,402,282 61,554,906 47 9 2 4,905,467 3 4 4 1932-33 " •• 72,476,056 60,902,632 47 2 5 4,919,221 3 4 0 1933-34 •• 71,969,387 59,854,736 46 8 7 4,449,777 2 17 5 ino, o, " .. 71,245,458 59,551,850 45 12 10 4,421,506 2 16 8 1935-36 " •• 70,400,176 59,238,117 44 14 8 4,395,758 2 15 10 1936-37 68,559,750 57,920,884 43 3 11 4,446,706 2 16 0 1 a 37 _ 38 " .. .. 68,060,951 57,404,727 42 8 5 4,457,874 2 15 7 1938-39 .. 68,206,674 57,349,522 41 19 7 4,602,062 2 16 7 1.939-40 •• 69,486,970 58,356,358 42 6 11 4,726,074 2 17 7 <940-41 •• 67,974,687 57,900,236 4110 10 4,806,901 2 18 9 1941-42 •• 66,645,990 56,779,108 40 15 7 4,823,847 2 19 0 1942-43 " 65,131,074 55,328,901 39 17 2 4,822,975 2 19 0 1943-44 " .. 63,262,828 53,537,828 38 9 8 4,830,072 2 18 9

H - 42 SfS . x 2? o o .2 oT^ tH S S -S *5 J2 ° i2 fti2 2 42 £ +=' 'C S S "to" • m .S3 » S ° 5> «S ft -Sh H •§ J •" la .2 S IE! I & | a ft ft S| |1 II g i *3 S § S |g 1 1 S 1 1 I Is |s Is |s |s §s ill | ffl | | i § & S3 a j* p p. £ w n p £ +• £ £ £ £££££££ £ £ . -XT • 794,821 1923-24 .. Not given Not given 491 300 1924-25 .. 2,931,470 89,817 97Z *no 1925-26 .. 2,510,504 71,967 1,832,608 327'300 926-27 2 460 788 95,986 1,109,382 327,300 1927-28 4i 2,058,458 44,484 „ s A 690,371 A A & A « s J «43,400 1928-29 "S 1,647,389 99,272 3 ,a .0 692,606 -o H H I | | m'iiOO 1929-30 :: 1 i;487;aei 36,350 I I 1 686,787 | | a | >g | | 120,000 1930-31 .. I ( :i ) 998,000 ( 4 ) 41,842 i> > > I S | S =s 128^870 1931-32 <8) 633,160 ( s ) 10,728 * ® * 183,100 iSS:: | M«*» n«s 111 SZ * * t * * * * { \1;S 1934-35 " (I") 415',086 ( ll ) 10',390 124,414 170*000 1935-36 .! I 1 2 ) 53 8 ; 9 46 V)7,145 275 840 »f a " u . 546,425 fLLHgg 1 500 434'805 43,250 10,000 18,109 54,703 131,100 1938-39 " 214'477 7671127 6J30 1,750 42>0 5,730 742,015 35,700 6,200 11,900 48,419 357,780 Zttx ?99 : o6 9 o m'm '• 2 ?'ooo 2 ' 5 °° SSiuo 1,6 °° So Aooo - aoo K %,m Is ::5 S i! IS'S.SS "SZT IS K llllu 18!930 I 360,518 1,000 .. 41,000 .. 86,800 •• •• 39,550 r«i ?Mye|TaKpte mb er. $ ( 3 ) M.H.B. £1,900. ,! 2) i nc i U( i es loans from Main Highways Account (£600). !: fit IStlliri,i-i (') Includes loansifiom1 Main Highways Board (£230) and from State (J J) /™nsfrom Main Highway! Account jsi^lO)! Advances Office (£46,000) v ' («) S.A.O. (£2,500).