USEFUL FOR REFERENCE
The following facts were given by the British Chancellor of the Exchequer (Mr. Snowden) in a broadcast'address to the United States.' The war has been followed by greater efforts on the part of the reputed victors to strengthen their war forces and to employ every seientifiee device to make the next war more cruel and devastating. The war has left Great Britain with a debt of over £6,000,000,000. Wo have to raise each year from taxation a sum of £350,000,000 for the service of this debt without making an appreciable impression on the amount of the debt. At the present rate of repayment of the debt it will take 140 years to liquidate it. Our taxpayers have to pay on our debt services £1,000,000 .a day, £40,000 in an hour, over £600 a minute. It takes the whole-time labour of 2,000,000 workers, year in, year out, to produce tho means to pay the annual cost of our debt services. Add to this the £115,000,000 we annually spend on the fighting services and £56,000,000 w.« pay yearly for war pensions, and we get a total of £520,----000,000 a year, £1000 a minute, which the people of Great Britain have to provide for war purposes. i
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Bibliographic details
Evening Post, Volume CIX, Issue 102, 2 May 1930, Page 7
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207USEFUL FOR REFERENCE Evening Post, Volume CIX, Issue 102, 2 May 1930, Page 7
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