IMPERIAL REVENUE, EXPENDITURE, &c. No. 97.-STATEMENT of LOANS GUARANTEED by the BRITISH NOTE. For other contingent Liabilities of the State, see pages 90 and 91 of the Finance Accounts for 1925-26. 19 20 20 21 (a) The liability in respect of this guaranteed Loan has been arrived at by deducting the nominal amount of securities held on account of Sinking Fund from the gross amount of the Loan outstanding. IMPERIAL REVENUE, EXPENDITURE, &c. GOVERNMENT outstanding at the close of each Year ended 31st March-continued. 3 10,055,506 9,801,376 9,491,565 9,301,713 9,081,310 8,909,867 8,523,038 8,232,913 7,978,981 7,795,251 7,597,552 7,205,880 14 56,939,481 57,190,807 57,353,075 57,273,689 57,206,422 57,038,291 56,768,356 56,621,017 56,523,331 56,473,078 56,415,537 54,944,284 5 31,022,012 37,692,487 38,341,306 41,357,092 45,243,179 50,588,555 54,269,267 60,920,212 65,752,630 67,395,705 70,117,208 70,155,364 (b) The extent of the Guarantee is given in the Annual Finance Accounts. (c) These are the maximum amounts guaranteed (after deducting principal repayments), but in some cases the loans in question have not been fully issued. For further particulars see House of Commons paper 61 of 1926 and previous quarterly returns. NOTE. As a reduction or repeal of duty as a rule leads to an increased consumption or use of the articles affected, the gain to the taxpayer is usually greater than the loss to the Revenue resulting from such reduction or repeal. (a) Budget estimate based on the change taking effect on or about 1st July. (b) See note (a). p. 130. |