FINANCE
Tear
Debt*
Million £
1727.
Accession of George II. ... 52
1756.
Commencement of Seven Years' War 75
1703.
End „ ., „ 1S3
1775.
Commencement of American War . 1 27
1784.
End „ „ „ 243
1703.
Commencement of French Wars . 248
]>15.
End ,, „ ,. 861
1817.
Consolidation of English and Irish
Exchequers f39
49
Anneal Annuities only charge, includ- (included in prt- ing annuities vious column)
Million £
Millie ii £
2-4
0-2
2-8
0-2
5-0
0-5
47
0-5
95
1-4
9-7
13
32-6
1?
31-C
2-0
Tear
1 These amounts do not include the capital value of terminable annuities.
Gross debt
including Annual Annu
terminable cbarge.inciud- (included Debt 1 annuities ing annuities vious column) Million £ Million * Million £ Million £
mmeneement of Crimean War
Knd ,. „ „
ommencement of Boer War
1!**?. End ,. „ . .
1914. Commencement of European War
1917. iMarch 31)
'■larch 31)
1919. (March 31) . ...
MarehSl)
U'21. (March 31)
i These amounts do not include the capital value of terminable annuities. '-' Including 1,162,000,0001. owing to other countries.
The following statement shows the total amount of the Gross Liabilities
unci the Assets of the State on March 31, 1920 :—
Liabilities : Million £ Million £
Funded Debt 315-0
Estimated Capital Liability of Terminable Annuities 19 3
Unfunded Debt 7,497 4
•608
802 BS7 635
27 4 23-2
3-9 40
7-3
74S
678 4040 5,899 7.460
7,859
708 4,064 5,921
7,-lSl 7,879 7,573*
270
24-6 127-3 (1916-17) 1917-18) 27K (1918-19) S32-0 (1919-20) 349-6 (1920-21)
6 5 3-2 2-9 28 2-6 2-6
Leu Rocds tendered for Death Duties . Other Capital Liabilities : Telegraph Acts, 1892 to 1913 Telephone Transfer Act, 1911 Uganda Railway Acts, 1896 to 1902 Public Offices (Acquisition of Site) Act, 1895 Public Offices (Whitehall) Site Act, 1897 . Royal Niger Company Act, 1899 . Naval Works Acts, 1895 to 1905 Mil itarr Works Act, 1897 to 1903 Land Registry (New Buildings) Act, 1900 . Pacific Cable Act, 1901 .... Public Offices Site (Dublin) Act, 1903. Public Buildings Exi-enses Act, 1903 . Canard Agreement (Money) Act, 1904 Post Office (London) Railway Act, 1913
Housing Act, 1914
Anglo-Persian Oil Co. Acts, 1914, 1919
7,831-7
12-S 6-2 17 0-3 0-4 0-3
11 3 5ti 02 lti 01 11 1-0 0-9 !•••> 1-8
",828-8
46-9
Total Gross Liabilities
Assets ; £
Suez Canal Shares, market value (March 31, 1920) 23 2 Other Assets i 82-S 1
Exchequer Balances at the Banks of England and Ireland
£ l<v, 11 9*4
1 Excluding advances from votes of credit to Dominions, Allied Powers, he., and other war asset*. These assets were estimated to be at March 31, 1920 : loans owing by Allies, 1,724 million; Dominions, 120 million; loans for relief, S million ; other vote of credit assets and surplns stores, 4c, 700 milliou ; mtal 2,552 million. In March, 1921 the Dominions owed 144 n.illions, and the Allies, 1,804 million.
