50

THE BRITISH EMPIRE

-UNITED KINGDOM

The debt at November following : —

30, 1920, included, among other items, the

3* per cent. War Stock and Bonds (repayable 1925-28)

H

5

4

4

4

3, 5, 5$ & 6 per cent. Exchequer Bonds (repayable 1920-30) .

4 4 5 ,, National War Bonds (repayable 1922-29)

Treasury Bills

War Sayings Certificates

Funding Loan Victory Bonds

1925-45) 1929-47) 1929-42) 1960-90) 1975)

Million £

62-7

12-8

1,949-3

67-2

407-0

357-7

3150

1,4410

1,111-6

277-9

The total expenditure on account of debt in 1919-20 charged against the revenue was 336,648,0001.

The net increase in the aggregate gross liabilities of the State in 1919-20 was 397,556,7241.

IV. Local Taxation..— Local Revenue.

Receipts from

England and Wales

(1915-16)

Scotland (1915-16)

Ireland (1915-16)

Water, Gas, 4 Electric Light Undertakings Tramways and Light Railways, 4c. . Government contributions ....

£

75,851,000 .25,851,000 11,240,00a 23,353,000

23,207,000

£

8,209,000 5,266,000 1,616,000 3,037,000 1,468,000 2,705,000

£

3,678,000 1,160,000 283,000 1,515,000 1,028,000 1,307,000

Total receipts ....

168,452,000

22,301,000

8,971,000

Local Expenditure.

Expenditure by

Eng.4Wales 1913-14

Scotland Ireland 1915-16 1J15-16

Town and Municipal Authorities for Police,

Sanitary, and other Public Works, 4c. . Unions and Parishes for Poor Relief, 4c. County Authorities for Police, Lunatic Asylums,

Rural District and Parish Councils, 4c. .

£

112,904,000 17,590,000

22,813,000

5,324,000

10,777,000

£ £

12,023,000 8,444,000 1,527,000 1,391,000

2,712,000 2 538,000 » 13,0001 810,000 3 5,962,000 657,000

Total . . . ...

169,408,000

M,887,000 8,S35,000

1 By Parish Councils only.

a Irish Police and education are mainly provided for from Imperial funds.

1 By Rural District Councils and Rural Sanitary Authorities.

The estimated expenditure of the London County Council (exclusive of revenue- producing undertakings) for the year ending March 81, 19l'1, amounted to 20,040,29»1. Of this amount 11,786,608*. was to be raised by rates. The net debt of the Council at 31 March, 1919 was 45,807,0001.

At the end of the financial year 1915-16, the outstanding local debt of England and Wales amounted to 604,606,0001. J that of Scotland to 06,7 10, 0001.; .of Ireland to 26.280,000*.; total, 657,614,0001. (including 49,948,0001. outstanding in respect of loans taken over or raised by the Metropolitan Water Board, and -.'7,110,0001. outstanding in raspect of loans accounted for by the Port of London Authority). The local debt of

England and Wales outstanding in March 1918 was 550,520,0001.