BANKERS' MANIFESTO ON ALLIES' FINANCE
TEE TASK OF FINDING THE IMMENSE SUMS FALLS ON THE BRITISH . Br.,!Felcgrapli-]?rass Association—Copyright • (Rec. December 23, 9.55 p.m.) ! London, December 23. The • "Daily Telegraph" publishes a manifesto signed by the principal bankers, which states that there is no doubt that tho Allies, financial resources, when fully mobilised, will be vastly greater than the enemy's. The colossal task of finding the bulk of tho imniense sums, needed falls on tho British. Mr. M'Kenna (Chancellor of tho Exchequer) estimated the expenditure for the current financial year at.- £1,590,000,000, the raising of which will try the mettle of the nation more than anything in the past hundred years. The nation's energies must be completely concentrated on tlio production of the real essentials, while the production of non-essentials must be wholly stopped. It was only by all classes supplementing and husbanding . their incomes by selling foreign securities and creating foreign credits that it will be possible to provide tho .vast sums needed.
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Dominion, Volume 9, Issue 2652, 24 December 1915, Page 5
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163BANKERS' MANIFESTO ON ALLIES' FINANCE Dominion, Volume 9, Issue 2652, 24 December 1915, Page 5
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