§ 48. Mr. LEWISasked the Chancellor of the Exchequer what was the net addi- 509 tion to, or reduction from, the nominal amount of debt outstanding in each of the years since the War; and also the total yield of the Death Duties during each of the same years?
§ Mr. HORE-BELISHAAs the answer contains a number of figures, I will with my hon. Friend's permission circulate it in the OFFICIAL REPORT.
§ Following is the answer:
| Year ended 31st March | Net increase or decrease in nominal debt. | Revenue received from Death Duties. | ||
| £ | £ | |||
| 1919 | … | + | 1,563,098,792 | 30,262,000 |
| 1920 | … | + | 393,829,666 | 40,904,000 |
| 1921 | … | - | 254,420,609 | 47,729,000 |
| 1922 | … | + | 79,942,690 | 52,191,000 |
| 1923 | … | + | 87,932,111 | 56,871,000 |
| 1924 | … | - | 101,186,335 | 57,800,000 |
| 1926 | … | - | 43,198,899 | 59,450,000 |
| 1926 | … | - | 39,203,754 | 61,200,000 |
| 1927 | … | - | 4,026,652 | 67,320,000 |
| 1928 | … | - | 26,800,769 | 77,310,000 |
| 1929 | … | - | 27,479,224 | 80,570,000 |
| 1930 | … | - | 31,298,843 | 79,770,000 |
| 1931 | … | - | 55,730,186 | 82,610,000 |
| 1932 | … | + | 20,634,255 | 65,000,000 |
| 1933 | … | + | 77,140,000 | 211,010,000 |
| (approx.).* | ||||
| * Including expenses of conversion of the War Loan and the sum of £150,000,000 borrowed for the Exchange Equalisation Account against which assets are held. |