The Archive · 1925

An Expensive Half Year

BRITISH TREASURY RETURNS

London, Oct. 1

The Treasury return for the first half of the financial year shows, an expenditure of 36,000,000 compar-with £12,000,000 excess expendture for the corresponding period of the last fiscal year. Revenue totalled £344,000,000 and expenditure £380,000,000, the deficit being mainly due to decreases of revenue from the income and corporation taxes and estate duties aggregate ing £18,000,000, and increases of expenditure on the sinking-fund, th fighting services and the Civil Service, aggregating £17,000,000. The floating debt has been increased by

Text read from the printed page and cleaned; old type leaves the occasional error.

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