TRADE DEPRESSION
REFLECTED IN REVENUE (British Official Wireless) RUGBY, 2nd January. The depression in trade is reflected in the Treasury returns showing the national revenue and expenditure for the first nine months of the current financial year. Although an increase in ordinary revenue of barely £17,000.000 is recorded, ordinary expenditure has increased by £35.000,000'as compared with the corresponding period of last year. The deficit shown amounts to £IBO,000,000 against £170,000.000 at the corresponding date of last year. No estimate of the year’s results can. however, be formed at this stage, as the larger part of the income tax is usually collected in the last quarter of the financial year. Substantial increases are recorded in revenue during nine months from income tax, surtax, and death duties. Decreases occurred in revenue from _ stamps, excise, and miscellaneous receipts.
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Nelson Evening Mail, Volume LXIV, 5 January 1931, Page 8
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135TRADE DEPRESSION Nelson Evening Mail, Volume LXIV, 5 January 1931, Page 8
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