TABLE IV.

Debt Maturing Year by Year (approximate Totals).

N.B. The amounts shown for National War Bonds are the Nominal totals, and do not include premiums. National Savings Certificates are shown at issue price, exclusive of accrued interest. External debt is shown at par of exchange. Loans marked * are being repaid by specific statutory Sinking Funds.

1922-23.

TABLE V. giving the estimated RATES COLLECTED by LOCAL
AUTHORITIES in 1922-23.

It is estimated that this total was divisible as follows, viz. :—

The amounts owing by the Dominions and Allies as on 31st March 1923

1923-24.

TABLE VII. showing how the EXPENDITURE to be provided for in 1923-24 compares with the Expenditure in 1922-23 as estimated in April 1922.

Note.-Advances under the Unemployment Insurance Acts, 1921 and 1922, are estimated to amount to £5,660,000 in 1923-4, compared with £2,890,000 net in 1922-3.

1923-24.

TABLE VIII. showing how the Estimated RECEIPTS from Revenue in 1923-24 compare with the corresponding Receipts in 1922-23.

TABLE IX., showing the PROPOSED CHANGES in TAXATION
and POSTAL, &C., RATES.

It is proposed to reduce the standard rate of Income Tax from 5s. to 4s. 6d. in the £.

Corporation Profits Tax.

It is proposed to reduce the rate of this tax from 1s. to 6d. in the £ as respects profits arising after 30th June, 1923, and to reduce proportionately the maximum amount of duty payable in certain cases under proviso (b) to section 52 (1) of the Finance Act, 1920.