COST OF THE TURCO ITAUAN WAR.
The semi-official 'Topnjo Romano," at the end of December putilishcd n financial .statement slioiviiis that the extra expense caused by the war m> to the cud of ]>rceinbrT would be .tfI.COO.OOO, of whicli .£2.0110,000 have been already provided out of'tlu< Budget surpluses of the last two financial years (in Italy the financial year ends on .lime 30). and the rcinniniiiff one million sterling by mean'; of Treasury J3onds. The journal means by "extra" expense" Ilio (liU'eroiice between tin , militarj- expenditure in time of peace and that in time of war. 11 further calculates that, without recourse to a loan or tn extra taxation, the Government can dispose of .C 21.100.000 more by means of further Treasury Bonds, anticipations on the banks of emission, aml (ho lilw devices. This is, of course, an ollicuil, and therefore optimistic, estimate, mid it is held by some Italian critics that these fii'iires are exaggerated. "\ svmpnsium on the Triple Alliance shows'that on the whole Italian politicians incline to the belief that it will be renowed. The people are not of that opinion, but they will. probably not be consulted by the C'oiisnlta.
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Dominion, Volume 5, Issue 1358, 8 February 1912, Page 2
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193COST OF THE TURCO ITAUAN WAR. Dominion, Volume 5, Issue 1358, 8 February 1912, Page 2
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