§ 27. Mr. LEWISasked the Chancellor of the Exchequer the net addition to or reduction from the nominal amount of debt outstanding in each of the last 10 years; and the total yield of the Death Duties during each of the same years?
§ Mr. HORE-BELISHAI gave my hon. Friend the greater part of this information in reply to a question put by him on the 1st May last; but I will repeat the figures for his convenience in the table which I am circulating in the OFFICIAL REPORT. It will be appreciated that variations in the nominal total of the debt are not a reliable guide to variations in its actual burden.
§ Following is the table:
| Year ended 31st March. | Net increase or decrease in nominal debt. | Revenue received from Death Duties. |
| £ | £ | |
| 1925 | −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 | +209,850,654* | 77,140,000 |
| 1934 | +178,536,744† (approx). | 85,270,000 |
| * 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. | ||
| † During this year a further sum of £200,000,000 was borrowed for the Exchange Equalisation Account against which assets are held. |