ENORMOUS BILL
FEARFUL SACRIFICES OUTLOOK FOR NATION THOUSANDS OF MILLIONS PROSPECT OF INCREASE (Elec. Tci. Copyright,—United Press Assn.) (Reed. Nov. 30, 1.45 p.m.) LONDON. Nov. 29. Speaking in the House of Commons to-ciay the Chancellor of the Exchequer, Sir John Simon, said that the war might impose the most fearful sacrifices, some of which we had hardly begun to dream would be nos- . 3 bio. From September to the end of the financial year, the rate of spending on war and otlie’- services was £2.400.000,030 annually, representing an increase of two-thirds on the prewar spending.
“We have struggled to get an enormous contribution from taxation, namely nearly £1.000.000.000 yearly, but we must borrow another £1.000.000.000 to meet the expenditure this year, in which there are only seven war months,” he said.
“Future requirements will be considerably greater. The present annual expenditure is already half the total income of the community.”
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/GISH19391130.2.80
Bibliographic details
Gisborne Herald, Volume LXVI, Issue 20108, 30 November 1939, Page 6
Word Count
150ENORMOUS BILL Gisborne Herald, Volume LXVI, Issue 20108, 30 November 1939, Page 6
Using This Item
The Gisborne Herald Company is the copyright owner for the Gisborne Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in