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Mr. Chetwynd
asked the Minister of Education if he will give a list of local education authorities charging interest on
| REVENUE ACCOUNT OF PUBLIC AUTHORITIES, 1948 AND 1949 | |||||||
| (TABLE 24 OF ECONOMIC SURVEY) | |||||||
| £million | |||||||
| Forecast for 1949 | |||||||
| Revenue | 1948 | at 1948–49 tax rates | at1949–50 tax rates | Expenditure | 1948 | forecast for 1949 at end-1948 prices | |
| Direct Taxes | 1,997 | 2,160 | 2,175 | Current Expenditure on Goods and Services | 1,914 | 2,040 | |
| Indirect Taxes | 2,165 | 2,185 | 2,155 | Subsidies | 515 | 515 | |
| 4,162 | 4,345 | 4,330 | |||||
| Transfer Payments | |||||||
| Income from Property | Social Security Payments | 506 | 585 | ||||
| War Pensions, etc. | 157 | 150 | |||||
| Income from Property and Trading etc. | 136 | 130 | 130 | Total | 3,092 | 3,290 | |
| less Debt Interest | —600 | —585 | —585 | ||||
| Transfers to Private Capital Account War Damage Payments, E.P.T., Refunds and Doctors' Compensation | 179 | 185 | |||||
| Total Current Expenditure | 3,271 | 3,475 | |||||
| 1948–49 tax rates | 1949–50 tax rates | ||||||
| Surplus on Current Account | 427 | 415 | 400 | ||||
| Current Revenue | 3,698 | 3,890 | 3,875 | Current Expenditure plus Surplus | 3,698 | 3,890 | 3,875 |
loans to students, with the rate of interest charged.
Mr. Tomlinson
I would refer my hon. Friend to the answer which I gave to him on 24th March. I am writing to him on the subject.