Page:Statesman's Year-Book 1921.djvu/101



FINANCE

Tear

Debt*

Million £

1727.

Accession of George II. ... 52

1756.

Commencement of Seven Years' War 75

1703.

End „ ., „ 1S3

1775.

Commencement of American War. 1 27

1784.

End „ „ „ 243

1703.

Commencement of French Wars. 248

]>15.

End ,, „ ,. 861

1817.

Consolidation of English and Irish

Exchequers f39

49

Anneal Annuities only charge, includ- (included in prt- ing annuities vious column)

Million £

Millie ii £

2-4

0-2

2-8

0-2

5-0

0-5

47

0-5

95

1-4

9-7

13

32-6

1?

31-C

2-0

Tear

1 These amounts do not include the capital value of terminable annuities.

Gross debt

including Annual Annu

terminable cbarge.inciud- (included Debt 1 annuities ing annuities vious column) Million £ Million * Million £ Million £

mmeneement of Crimean War

Knd ,. „ „

ommencement of Boer War

1!**?. End ,. „ ..

1914. Commencement of European War

1917. iMarch 31)

'■larch 31)

1919. (March 31). ...

MarehSl)

U'21. (March 31)

i These amounts do not include the capital value of terminable annuities. '-' Including 1,162,000,0001. owing to other countries.

The following statement shows the total amount of the Gross Liabilities

unci the Assets of the State on March 31, 1920 :—

Liabilities : Million £ Million £

Funded Debt 315-0

Estimated Capital Liability of Terminable Annuities 19 3

Unfunded Debt 7,497 4

•608

802 BS7 635

27 4 23-2

3-9 40

7-3

74S

678 4040 5,899 7.460

7,859

708 4,064 5,921

7,-lSl 7,879 7,573*

270

24-6 127-3 (1916-17) 1917-18) 27K (1918-19) S32-0 (1919-20) 349-6 (1920-21)

6 5 3-2 2-9 28 2-6 2-6

Leu Rocds tendered for Death Duties. Other Capital Liabilities : Telegraph Acts, 1892 to 1913 Telephone Transfer Act, 1911 Uganda Railway Acts, 1896 to 1902 Public Offices (Acquisition of Site) Act, 1895 Public Offices (Whitehall) Site Act, 1897. Royal Niger Company Act, 1899. Naval Works Acts, 1895 to 1905 Mil itarr Works Act, 1897 to 1903 Land Registry (New Buildings) Act, 1900. Pacific Cable Act, 1901 .... Public Offices Site (Dublin) Act, 1903. Public Buildings Exi-enses Act, 1903. Canard Agreement (Money) Act, 1904 Post Office (London) Railway Act, 1913

Housing Act, 1914

Anglo-Persian Oil Co. Acts, 1914, 1919

7,831-7

12-S 6-2 17 0-3 0-4 0-3

11 3 5ti 02 lti 01 11 1-0 0-9 !•••> 1-8

",828-8

46-9

Total Gross Liabilities

Assets ; £

Suez Canal Shares, market value (March 31, 1920) 23 2 Other Assets i 82-S 1

Exchequer Balances at the Banks of England and Ireland

£ l<v, 11 9*4

1 Excluding advances from votes of credit to Dominions, Allied Powers, he., and other war asset*. These assets were estimated to be at March 31, 1920 : loans owing by Allies, 1,724 million; Dominions, 120 million; loans for relief, S million ; other vote of credit assets and surplns stores, 4c, 700 milliou ; mtal 2,552 million. In March, 1921 the Dominions owed 144 n.illions, and the Allies, 1,804 million.