Finance Act, 1906

Part III.

National Debt.

Reduction of debt.

38 & 39 Vict. c. 45.

7.(1) The amount of the permanent annual charge for the National Debt under section one of the Sinking Fund Act, 1875, shall, during the current financial year, be the sum of twenty-eight and a half million, instead of twenty-eight million, pounds, and subsection (4) of section seven of the Finance Act, 1905, shall, as respects the current financial year, have effect accordingly.

(2) Any sums paid into the Exchequer in any year on account of the China indemnity shall be issued and applied in like manner as the new sinking fund.