3 MAY 1919, Page 2

The Chancellor of the Exchequer concluded by saying that file

new taxes would yield in a full normal year £108,950,000, including the temporary Excess Profits Duty of £50,000,000, and would produce this year £41,450,000 in additional net revenue. There would remain £233,810,000 to be raised by fresh loans. The Debt at the end of the year would probably stand at £7,685,000,000, against which could be set off our loans, our assets in war stores, unpaid Excess Prefite Duty, and an indemnity from Germany.