– in the House of Commons at on 9 December 1920.
Colonel Sir Joseph Nall
, Manchester Hulme
asked the Chancellor of the exchequer the amount of the National Debt at the latest convenient date under the sub-heads, bonds and Bills, war loans, foreign debt, and Consols?
Mr Stanley Baldwin
, Bewdley
My right hon. Friend the Chancellor of the exchequer will have printed in the OFFICIAL REPORT a statement in reply to this question.
The approximate debt outstanding on 30th November, 1920, was as follows:
| £ | |
| Funded Debt (2½ per cent. Consols, etc.) | 315,000,000 |
| Terminable Annuities | 18,500,000 |
| 3½ per cent. War Loan, 1925/8 | 62,700,000 |
| 4½ per cent. War Loan, 1925/45 | 12,800,000 |
| 5 per cent War Loan, 1929/47 | 1,949,300,000 |
| 4 per cent. War Loan, 1929/42 | 67,200,000 |
| 4 per cent. Funding Loan, 1960/90 | 407,000,000 |
| 4 per cent, Victory Bonds | 357,700,000 |
| Exchequer Bonds, 1920, 1921, 1922, 1925, and 1930 | 315,000,000 |
| 4 per cent, and 5 per cent. National War Bonds | 1,441,000,000 |
| Treasury Bonds, 5/15- year | 13,850,000 |
| Treasury Bills | 1,111,564,000 |
| Ways and Means Advances | 222,614,000 |
| National Savings Certificates | 277,900,000 |
| Other Debt | 1,163,500,000 |
| £7,735,628,000 |
The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.
A proposal for new legislation that is debated by Parliament.
A proposal for new legislation that is debated by Parliament.
