HC Deb 15 March 1923 vol 161 c1758
58 and 59. Mr. A. M. SAMUEL

asked the Chancellor of the Exchequer (1) which are the sinking funds or repayment charges on Government debt that have not been in operation from April. 1922, to April, 1923; what sum will be required to restore their operation in full, excluding debt to the United States during 1923–24?

(2) what proportion of the surplus of revenue over expenditure during the financial year 1022–23 has been or will be applied to any and to which of the sinking funds and repayment charges suspended by the Finance Act of 1922; and to what, specifically, will the balance be applied for debt reduction or other purposes?


I hope my hon. Friend will not press me for details which would more properly be given in the Budget Statement. The amount of sinking funds and similar charges not provided from revenue in the current year's Budget was estimated by my predecessor at approximately £30,000,000.


Will the right hon. Gentl1eman be able to give me specific answers to those two questions in his Budget Statement?


I hope so.