British Chancellor.

Horowhenua Chronicle, 15 December 1911, Page 3

British Chancellor.

SPEAKS ON ECONOMICS.' I BY ELECTRIC TELEGRAPH—COPYRIGHT. ] [PER PRESS ASSOCIATION ."I (Received This Day, 11.35 a.m.) LONDON, December 14. Mr Lloyd-George, in the House of Commons, said that there was little hope of a reduction in the expenditure in the .Commons which alone cou,ld effect economy. They were always pressed for greater expenditure. If Parliament wanted economy it must mould its foreign policy in such a way as to render an increase of armaments unnecessary.

The Government hoped to reduce the National Debt by ten and a half millions this year, making a, reduction of eighty million sterling dmring the tenure of office by the Liberal Partv.