MR. MACDONALD CAMERON (Wick, &c.)
asked Mr. Chancellor of the 1125 Exchequer, with reference to the Budget of 1883, which created, by means of the Chancery Stock, an annuity of £2,674,000 for 20 years, and, by means of the Savings Banks Stock, three annuities of £1,200,000 each, to expire in 5, 10, and 15 years, and an annuity of £700,000 for 20 years, absorbing the £5,130,000 falling in in 1885, If he would explain to the House what effect the present Budget will have in delaying the extinction of the National Debt, as then agreed to by Parliament?
§ THE CHANCELLOR OF THE EXCHEQUER (Mr. GOSCHEN) (St. George's, Hanover Square)
The Question hardly admits of being clearly answered orally. It is proposed to lay a Paper now in preparation explaining the exact effect of the Debt proposal, and showing the amount by which the repayment of the Debt is arrested, as compared with the arrangement made in 1883.