A Primer of Taxation An Introduction to Public Finance

Cover A Primer of Taxation An Introduction to Public Finance
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The National Debt Services, the most important item among the Consolidated Fund charges, and the payments to Local Taxation Accounts we will deal with in the next two chapters. The Road Improvement Fund was started in 1909 to make grants and loans for the construction and repair of roads throughout the country. The greater part of its funds are allotted to it from the motor spirit tax imposed by the 1909 Budget and the carriage, etc. , licences. The most important items among the " Other Consol...idated Fund Services " are the Civil List and a number of salaries and pensions. The former is the annual amount voted to the Sovereign on his accession ; from 1760, when George III came to the throne, the Sovereign has surrendered his income from the Crown lands, and in return has this definite sum for his expenses.
FINANCE ACCOUNTS OF UNITED KINGDOM. 77 Various public officers, like the Speaker, the Auditor-General, the Comptroller-General and the judges, have their salaries paid to them out of the Consolidated Fund in order to make them more independent of the executive.


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