§ 5. Consolidated Fund Services.
§ Interest and Management of the Debt amounted to £293,170,000. Treasury Bills interest at £12,475,000 and Savings Certificates interest at £16,054,000 were abnormally low, being much below the cost in the preceding year and the Estimate for 1930. It was for this reason that the amount available for Debt redemption rose to £66,830,000.
§ Payments to the Northern Ireland Exchequer exceeded the estimate by £425,000, mainly on account of unemployment in that area. Other Consolidated Fund Services showed a saving of £404,000, spread over miscellaneous heads.
§ 6. Supply Services.
§ The main supplementary Estimates were required in connection with—
£ | |
Ministry of Labour | 10,500,000 |
Beet Sugar Subsidy | 600,000 |
Grants for Unemployment Schemes in necessitous areas | 500,000 |
Colonial and Middle Eastern Services | 400,000 |
§ The Supplementary Estimate for the Ministry of Labour was due to the increased cost of transitional benefit, arising from exceptional unemployment.
§ The total Supplementary Estimates and Excess Votes amounted to £14,889,000, which was offset by savings elsewhere on Supply Services to the extent of £4,223,000. The net increase in Supply Services over the Estimate was thus £10,666,000.