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ABSTRACT ACCOUNT,

1921-1922.

ABSTRACT ACCOUNT, showing the ISSUES made from the CONSOLIDATED FUND of the UNITED KINGDOM, in the Financial Year ended 31 March 1922, for the Interest and Management of the Debt, for the Civil List, and for all other Issues in the Financial Year for Services charged directly on the said Fund; together with the Report of the Comptroller and Auditor General thereon.

(Presented pursuant to Act 29 & 30 Vict. c. 39, s. 21.)

Ordered, by The House of Commons, to be Printed,
16 February 1923.

LONDON:

PUBLISHED BY HIS MAJESTY'S STATIONERY OFFICE.

To be purchased through any Bookseller or directly from

H.M. STATIONERY OFFICE at the following addresses:

IMPERIAL HOUSE, KINGSWAY, LONDON, W.C. 2, and 28, ABINGDON STREET, LONDON, S.W. 1;
37, PETER STREET, MANCHESTER; 1, ST. ANDREW'S CRESCENT, CARDIFF;
or 120, GEORGE STREET, Edinburgh.

1923.

Price 3d. Net.

CONSOLIDATED FUND.

ABSTRACT ACCOUNT showing the ISSUES made from the CONSOLIDATED FUND of the UNITED KINGDOM, in the Financial Year ended 31 March 1922, for the Interest and Management of the DEBT, for the CIVIL LIST, and for all other ISSUES in the Financial Year for SERVICES charged directly on the said FUND.

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Outside the Permanent or Fixed Annual Charge:

Interest, &c., on War Debt (page 40)

PAYMENTS TO LOCAL TAXATION ACCOUNTS, &c. (page 41)

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TEMPORARY ADVANCES (page 9):

For purchase of Bullion for Coinage

Interest on Exchequer Bonds issued under the Capital Expenditure (Money) Act, 1904 (4 Edw. VII. c. 21), repayable from Army and Navy Votes

ISSUES TO MEET CAPITAL EXPENDITURE (page 9):

57,802 12 4 531,076 6 449,268 19 10

11,000,000

169,818

Under the Unemployment Insurance Acts, 1921, repayable from the Unemployment Fund

14,470,000

25,639,818

Under the Telegraph Acts, 1892 to 1921 (55 & 56 Vict. c. 59; 62 & 63 Vict. c. 38; 7 Edw. VII. c. 6; 1 & 2 Geo. V. o. 26; 3 & 4 Geo. V. c. 24; 10 & 11 Geo. V. c. 37; and 11 & 12 Geo. V. c. 57) Under the Post Office (London) Railway Act, 1913 (3 & 4 Geo. V. c. oxvi. (Local) )

7,961,474 27,500

Under the Housing Act, 1914 (4 & 5 Geo. V. c. 31)

56,000

8,044,974

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DEPRECIATION FUND:

Under the Finance Act, 1917 (7 & 8 Geo. V. c. 31) (page 9)
ISSUES FOR REDEMPTION OF UNFUNDED DEBT (page 11):
Treasury Bills paid off:

Under the Finance Act, 1920, Section 59 (6)
Under the War Loan Acts, 1914 to 1919

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War Loans, Exchequer Bonds, &c., paid off under the Finance Acts, 1916 and 1917 (6 & 7 Geo. V. c. 24 and 7 & 8 Geo. V. c. 31) (transferred for Death Duties and Excess Profits Duty, &c.) National Savings Certificates paid off:

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2

8. d.

3,997,413,000

33,358,262 10 6

36,400,000

£

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5 per Cent. 1922

Less paid off by the National Debt Commissioners

£31,818,312 14 4 8,000,000

23,818,312 14 4

42,781,132 14 4

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Other Debt created under the War Loan Acts, 1914 to 1919, paid off

WAYS AND MEANS ADVANCES REPAID (page 11)

ISSUES TO NATIONAL DEBT COMMISSIONERS TO REDUCE DEBT (pages 11 & 13): Anglo-Persian Oil Company, Dividends, &c., under Section 3 (2) of the Anglo-Persian Oil

Malcolm G. Ramsay,
Comptroller and Auditor General.

Company (Acquisition of Capital) Amendment Act, 1919 (9 & 10 Geo. V. c. 86)
East Africa Protectorate Loan, Repayment under the Finance Act, 1911 (1 & 2 Geo. V. c. 48)
Cunard Loan Repayments under the Cunard Agreement (Money) Act, 1904 (4 Edw. VII. c. 22)
Capital of Suez Canal Drawn Shares under the Finance Act, 1898 (61 & 62 Vict. c. 10. s. 15)
Comm
PROCEEDS OF NATIONAL SAVINGS CERTIFICATES issued to National Debt Commissioners under the Finance
Act, 1920, Section 59 (4) (10 & 11 Geo. V. c. 18) (page 13)

OLD SINKING FUND, 1910-11 (page 13)

Amount issued in 1921-22 under the Finance Act, 1911 (1 & 2 Geo. V. c. 48), Section 16 (1) (b)

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I hereby certify, pursuant to the Act 29 & 30 Vict. c. 39, s. 21, that the foregoing Account has been examined with reference to the several Acts of Parliament under which the issues have been made, and is correct.

(A.)

STATEMENT showing the SUMS Issued from the EXCHEQUER to the INTEREST on the undermentioned PUBLIC DEBT and for paying off period in respect thereof, and the BALANCES of

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The Annuities for Terms of Years per 10 Geo. IV. c. 24, which are managed by the the Reduction of the National Debt.

† Annuities created under the Telegraph Acts paid annually by the Postmaster-
This amount is composed of unpaid fractions applied in reduction of the
§ The amounts in italics represent debit balances.

Excluding £202,890 received by the Bank of Ireland through the Bank of
Bank of England,

31 July 1922.

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(A.)

BANK OF ENGLAND in the YEAR to 31 March 1922, for the payment of PRINCIPAL of TREASURY BILLS, &c., the AMOUNT paid by the Bank in that the same unpaid at the commencement and close of the Year.

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£4,275,416,624 9 4 £4,273,943,701 15 7 £4,274,350,082 18 11 £1,036,304 12 8 £30,236 17

9

Bank of England, are included in this item, although the amount is issued to the Commissioners for

General to the Commissioners for the Reduction of the National Debt. amount advanced under Section 18 of 45 and 46 Vict. c. 72.

England, as shown in Statement B.

E. M. Harvey,

Chief Cashier.

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