CHANCELLOR SPEAKS OUT.

Horowhenua Chronicle, 16 September 1910, Page 3

CHANCELLOR SPEAKS OUT.

OX NAVAL EXPENDITURE,

ENGLAND OANXOT DtSARiM

"AMfDST ARMED CAMPS."

[Nt ELECTRtC TELEORAPn--COtYRIOIIT.J

[per phess association.] (Received This Day, 9.30 a.m.) LONDON, September lfl. Mr Lloyd-George, Chancellor of tllie Exchequer, in an interview stated that the expenditure on Dreadnoughts was necessary, but the necessity was artificial. Great Britain, ihc said, could not dlsarni amidst armed camps. When we piped other nations refused to dance and oven misconstrued our invitations iiito insidious designs against their self-protec-tion. ilf the game of "Beggar my neighbour" Avas to ibe continued, England still bad a naval loan to fall iback upon—a. recourse to wirieh our competitors had long ago availed themselves.