§ 50. Sir HERBERT SAMUELasked the Chancellor of the Exchequer whether any changes or transactions subsequent to April, 1928, have affected the estimate then made by his predecessor that the entire National Debt would be extinguished in 50 years from that date; and, if so, what is the date of extinction now estimated, assuming that the present permanent debt charge is continued unchanged?
§ Mr. P. SNOWDENThe general average conditions since April, 1928, correspond closely to the forecasts on which the calculation of the Fixed Debt Charge was made.
§ Mr. HAYCOCKIs it not a fact that our actual debit is increasing year by year and that in terms of goods our debt is more than two and a half times as much as it was in 1920?