War Finance Primer
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The condition of the debt at the close of the financial year is indicated below: National Debt, March 31, 1915' . . Increase or decrease Amount ^^^.^^ 1914-1915 Funded Debt £583, 290, 097 -£3, 427, 775 Terminable Annuities 28, 040, 721 -1, 511, 498 Unfunded Debt ' 497, 486, 258 +462, 486, 258 Other Capital Liabilities. . . 56, 984, 626 +600, 607 AGGREGATE GROSS LIABILITIES. . . . £1, 165, 801, 702 +£458, 147, 592 The notable increase which had taken place in the un- funded debt as a result of t...he War Loan Act of 1914 was the outstanding feature among the debt transactions of the year.
Under this act there had been created: By issue of War Stock and Bonds £350, 000, 000 By issue of Exchequer Bonds 50, 000, 000 By issue of Treasury Bills (net) 66, 500, 000 £466, 500, 000 But there had been redeemed during the year: War Stock and Bonds £909, 242 Exchequer Bonds issued un- der various acts 3, 104, 500 ~ 4, 013, 742 Net increase in the Unfunded Debt £462, 486, 258 In budgeting for another year of war, Mr.
What to read after War Finance Primer?
You can find similar books in the "Read Also" column, or choose other free books by Bank of Commerce in New York to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The condition of the debt at the close of the financial year is indicated below: National Debt, March 31, 1915' . . Increase or decrease Amount ^^^.^^ 1914-1915 Funded Debt £583, 290, 097 -£3, 427, 775 Terminable Annuities 28, 040, 721 -1, 511, 498 Unfunded Debt ' 497, 486, 258 +462, 486, 258 Other Capital Liabilities. . . 56, 984, 626 +600, 607 AGGREGATE GROSS LIABILITIES. . . . £1, 165, 801, 702 +£458, 147, 592 The notable increase which had taken place in the un- funded debt as a result of t...he War Loan Act of 1914 was the outstanding feature among the debt transactions of the year.
Under this act there had been created: By issue of War Stock and Bonds £350, 000, 000 By issue of Exchequer Bonds 50, 000, 000 By issue of Treasury Bills (net) 66, 500, 000 £466, 500, 000 But there had been redeemed during the year: War Stock and Bonds £909, 242 Exchequer Bonds issued un- der various acts 3, 104, 500 ~ 4, 013, 742 Net increase in the Unfunded Debt £462, 486, 258 In budgeting for another year of war, Mr.
What to read after War Finance Primer?
You can find similar books in the "Read Also" column, or choose other free books by Bank of Commerce in New York to read onlineMoreLess
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