CONTINUES TO RISE

Dominion, Volume 36, Issue 105, 28 January 1943, Page 5

CONTINUES TO RISE

Britain’s War Cost (British Oflicial Wireless.) RUGBY, January 26. The Chancellor of the Exchequer, Sir Kingsley Wood, moving a supplementary vote of credit of £900,000,000 and a vote of credit for £lOOO million in respect ot war expenditure in the House ot Commons, said that over recent weeks the total war expenditure had been at, tne rate of about £14,000,000 a dayhe asked for the last vote ot £100C » imllion on October 20, which made £4OOO million in all, the average expenditure was at tlie rate of £12,(oO.OOO. Sir Kingsley AVood said, lhe information available suggests that. the expenditure overseas in North Africa, and other parts of the world has probably now taken the place of the rising production at home as the mam factor determining the increase in the vote or credit expenditure, though, ns the Alinister of Production indicated the other day, there will still be some expansion in our war production at home during the comin- vear. 1 can also suggest that we are now'incurring substantial expenditure in this country by way of reciprocal aid to our allies.”