§ Sir W. DAVISONasked the Chancellor of the Exchequer what was the total amount of Sinking Fund applied to the redemption of the National Debt for the 10 years ended 31st March, 1931?
Mr. CHAMBERLAINThe total for the period was £592,500,000. This figure includes a sum of £110,700,000, representing the net amount applied to Debt redemption out of Budget surpluses, after deducting the deficits in certain years of the period.