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Dewislen

Oral Answers to Questions — National Debt Redemption (Donations).

– in the House of Commons am ar 30 Ebrill 1929.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Sir Frank Sanderson Sir Frank Sanderson , Darwen

47.

asked the Chancellor of the Exchequer what is the total amount of donations received towards the extinction of the National Debt for each of the four years ended 31st March, 1926, 1927, 1928, and 1929?

Photo of Mr Winston Churchill Mr Winston Churchill , Epping

The total amount of donations received in the four years was £1,290,703, including the anonymous gift of £500,000 in 1927 establishing the National Fund and Lord Inchcape's gift of like amount in 1928 in memory of the Hon. Elsie Mackay. I will circulate the details for particular years in the OFFICIAL REPORT.

Following are the details:

The following donations towards the extinction of the National Debt have been received in the years shown:
Financial Year.Cash.Securities (Nominal Value).
1925£12,057£21,398
1926£10,352£63,862
1927£38,811£38,648
$3,000
1928£41,351£40,427

In addition to the above donations the undermentioned Funds have been established, to be accumulated for the reduction of the National Debt, namely:

1. The anonymous gift of £500,000 in 1927 establishing the "National Fund"—

Original gift£500,000
Other cash donations.287in 1927
1,339in 1928
Total cash£501,626
Gifts of stock (nominal value).£450in 1928
$100

2. Lord Inchcape's gift in 1928 in memory of the late Hon. Elsie Mackay£521,101