3 FEBRUARY 1894, Page 3

It appears from the accounts of the London County Council,

as verified by the auditor, that the Metropolitan Debt now amounts to 230,011,000, and was increased during the year by 21,200,000. The revenue for the fiscal year ending March 31st, 1893, was 24,623,000, and the expenditure 24,299,000, showing a large surplus. We do not care so much about the annual expenditure, because the electors will stop that when they feel the pressure ; but we watch with alarm the creeping up of the Debt. The electors hardly feel that when the liabilities are first incurred. Parliament should insist upon a much larger sinking-fund, to reduce all future indebtedness.