Part of the debate – in the House of Commons at on 6 December 1920.
Sir Charles Higham
, Islington South
asked the Prime Minister whether the Government will consider the advisability of introducing two budgets, one for national expenditure and one for capital account, particularly in view of the fact that the taxpayer is desirous of knowing what part of the taxes with which he is assessed is used for expenditure, and what part is credited to capital account in the reduction of the War debt?