THE NAVY ESTIMATES
WILL TOTAL £53.000.000,
NEW TAXATION INVOLVED. Bj Telegraph—Press Association—CoDyrleht London, January 25. It is understood that tho Navy Estimates will total £53,000,000, involving tiew taxation. J[r. C. E. Hobhouse, Chancellor of the Duchy of Lancaster, speaking at Bristol, said it was mostly wealthy people who wero calling for increased armaments. Ho hoped they would not regret it if Mr. Lloyd-George callcd on them t-o pay a little more, if an increased exiiciiditure was decided on. REASONS FOR THE EXCESS. DECLINE IN MERCHANT SHIPS. (Rec. January 26, 8.55 p.m.) London, January 2G. i Tho "Daily Chronicle" attributes the excess of naval expenditure to the unexpected acceleration of battleship building ill private yards, owing to the long stretch of fine weather in 191,3, and tho decline in merchant shipbuilding orders, and adds that one, heavy item was extra repairs, and another was duo to tho altered design of several ships, constitute iiig innovations, such as oil fuel, which involved largo expenditure. Somo members of the Government believe that after 1914 tho expenditure will tend to decline.. Mean.wliilo other Departments will be starved, Post Office developments will bo arrested, and money will be lacking for any real advance hi national education. The journal quotes a speech b.v Mr. Winston, Churchill (First Lord of tho Admiralty) on March 26 last, in which he asked that tho programme should be based on the probable maximum that contractor? would bo able to cam, but warning Parliament of tho possibility of Supplementary Estimates. IMPERIAL NAVAL CONFERENCE URGED. (Rcc. January 2G, 10.25 p.m.) Capo Town, January 26. Tho "Cape Argus" urges Mr. Asquith to summon an Imperial Naval Conference.
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Dominion, Volume 7, Issue 1968, 27 January 1914, Page 5
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274THE NAVY ESTIMATES Dominion, Volume 7, Issue 1968, 27 January 1914, Page 5
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