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.
