HC Deb 02 April 1917 vol 92 c973W
Captain RUPERT GUINNESS

asked the Secretary to the Local Government Board if he will state the total amount of the municipal debt for England and Wales; and the total annual expenditure down to the latest date possible?

Mr. HAYES FISHER

At 31st March, 1915, the total amount of the outstanding loans of the councils of cities and boroughs in England and Wales, including the City of London and other Metropolitan boroughs, was £281,390,000. Their gross expenditure during the year ending at that date amounted to £71,480,000, excluding expenditure defrayed out of loans.