HC Deb 08 December 1927 vol 211 c1573
69. Mr. LUNN

asked the Chancellor of the Exchequer the statutory amounts payable to the Sinking Fund in the years 1925–26 and 1926–27, together with the amounts actually paid, less Budget deficits involving additions to the National Debt?


For the financial year 1925 the new Sinking Fund was £50 millions, and for 1926 £60 millions. If the Budget deficits are deducted, the net amounts available for reduction of debt may be stated as £35,961,880 and £23,306,206, respectively. I should explain that, in accordance with the law, the Sinking Fund was paid in full in each case and the Budget deficit covered by fresh borrowing.