BRITAIN'S RISING WAR EXPENDITURE
REASONS FOR LAST SEVEN WEEKS' . INCREASE. (Reuter's Teleirram.) (Rec. July 21, 9.25 p.m.) London, July. 21. . In the House of Commons,- Mr. M'Kenna (Chancellor of the Exchequer), in reply to questions, said that the rise in the rate of the national expenditure during the past seven weeks was due, firstly, to the Government's purchases of American securities, and,. secondly, the rate a.t which advances to the Allies and the Dominions had been drawn upon. He was hopeful that the expenditure would decline.
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Dominion, Volume 9, Issue 2830, 22 July 1916, Page 9
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86BRITAIN'S RISING WAR EXPENDITURE Dominion, Volume 9, Issue 2830, 22 July 1916, Page 9
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