COST OF WAR
NEW ZEALAND’S SHARE £574,000,000 (P.A.) WELLINGTON, June 18. The total cost to December, 1945, of New Zealand’s share in the World War was £574,000,000, said the Prime Minister (the Rt. Hon. P. Fraser), speaking at the annual conference of the Labour Party yesterday. Of that sum, £246,000.000 was obtained from taxation. £233,000,000 was raised from loans, and £95,000,000 from lendlease. The whole of New Zealahd’s obligation under the Memorandum of Security. amounting during the war to some £60,834.000, had been paid in full. In addition, many millions of overseas war costs outside the Memorandum of Security, principally for stores, had also been paid. Thus, New Zealand had paid its share of the war without throwing any burden on Great Britain, said Mr Fraser.
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Press, Volume LXXXII, Issue 24905, 19 June 1946, Page 10
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126COST OF WAR Press, Volume LXXXII, Issue 24905, 19 June 1946, Page 10
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