COST OF THE WAR TO US .
■MILLIONS EXPENDED ALREADY. London, August 19. The £15,000,000 which the Government is about to raise on Treasury bills will make the amount immediately available for-the war £24,000,000, a sum of £9,000,000 having been borrowed _ from the Bank of England on the security of Ways and Means grants. It seems, however, that tho whole of this will soon he gone. Nobody outside the Government offices is in a position to speak with exactness on tho matter, but it may be mentioned that last week's return showed that .the issues out of the Exchequer to meet payments for Supply. Services amounted to £12,179,151, which was about £9,365,000 more .than tho amount for tho corresponding week of last year.' This week's return indicates that the pavmonts amount to about £8,400,000, of which perhaps £6,000,000 is an increase. That brings the total up to about £15,365,000. Another slight indication is contained in the announcement that the total issues out of Exchequer to meet payments from April Ito April-Iff wero £70,908,544, compared with'£54,471,462 m 1913.—"Manchester Guardian."
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Dominion, Volume 7, Issue 2266, 28 September 1914, Page 7
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177COST OF THE WAR TO US . Dominion, Volume 7, Issue 2266, 28 September 1914, Page 7
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