§ 47. Sir F. SANDERSONasked the Chancellor of the Exchequer what is the total amount of donations received towards the extinction of the National Debt for each of the four years ended 31st March, 1926, 1927, 1928, and 1929?
§ Mr. CHURCHILLThe total amount of donations received in the four years was £1,290,703, including the anonymous gift of £500,000 in 1927 establishing the National Fund and Lord Inchcape's gift of like amount in 1928 in memory of the Hon. Elsie Mackay. I will circulate the details for particular years in the OFFICIAL REPORT.
§ Following are the details:
| The following donations towards the extinction of the National Debt have been received in the years shown: | ||
| Financial Year. | Cash. | Securities (Nominal Value). |
| 1925 | £12,057 | £21,398 |
| 1926 | £10,352 | £63,862 |
| 1927 | £38,811 | £38,648 |
| $3,000 | ||
| 1928 | £41,351 | £40,427 |
§ In addition to the above donations the undermentioned Funds have been established, to be accumulated for the reduction of the National Debt, namely:
§ 1. The anonymous gift of £500,000 in 1927 establishing the "National Fund"—
| Original gift | £500,000 | |
| Other cash donations. | 287 | in 1927 |
| 1,339 | in 1928 | |
| Total cash | £501,626 | |
| Gifts of stock (nominal value). | £450 | in 1928 |
| $100 |
| 2. Lord Inchcape's gift in 1928 in memory of the late Hon. Elsie Mackay | £521,101 |