BRITAIN'S PEACE ECONOMIES
HINT OF MORE DRASTIC RETRENCHMENT:.
fßec. October 20, 1.15 a.m.) London, October 18. It is stated in authoritative circles at Portsmouth that when America ratifies the Peace Treaty tihe Royal N.-.vy will l>e reduced to 50,000 men and the'marines to 10,000. It is reported that the Government will also dope all the oversea naval stations, and bring home the ships from foreign waters.—Aus.-N.Z. Cable Assn. TAX THE WAR FORTUNES. (Rec. October 20, 1.15 a.m.) London, October 19. Sir Donald M'Lean, speaking at Edinburgh, said that the pour try had at last awakened to the financial poril. 'Blie country must economise or go bankrupt, and must effect a fair and adequate reduction in the national debt. The proposal to tax war fortunes must be seriously examined. Innumerable fortunes, small and great, had been made out of the war. Theso accumulations should be tho first to be druwn upon—Aus.-N.Z. Cable Assn. i
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Dominion, Volume 13, Issue 21, 20 October 1919, Page 5
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153BRITAIN'S PEACE ECONOMIES Dominion, Volume 13, Issue 21, 20 October 1919, Page 5
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