NATIONAL DEBT
BRITISH ECONOMY PLAN
GREAT CONVERSION SCHEME
SAVING TO THE TAXPAYERS
(United Press Association—By Electric Telegraph.—Copyright.) Received January 27, 8.5 a.m. LONDON, Jan. 26.
The Daily Express’s city editor understands that a gigantic conversion scheme . for the whole of the national debt is under consideration. The greater part of the saving in interest payments would be equivalent to 18d in income tax, and would be passed on to the taxpayers.
“A similar plan has been carried out in Australia, where Government stock# stand at a higher level to-day than before the conversion,” states the writer.
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https://paperspast.natlib.govt.nz/newspapers/MS19320127.2.79
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Manawatu Standard, Volume LII, Issue 48, 27 January 1932, Page 7
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96NATIONAL DEBT Manawatu Standard, Volume LII, Issue 48, 27 January 1932, Page 7
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