RUNNING INTO THOUSANDS OF MILLIONS.
In the House of Commona, Mr Bonar Law, Chancellor of the Exchequer, moved a credit vote of £400,000,000, which, he said would suffice until February 24th. He said the daily average expenditure had risen to £5,710,000. The total credit votes for the financial year had been £1,950,000,000, which was £350,000,000 above the estimates. The increase was mainly due to munitions and loana to allies. The increase in munitions has been enormous, almost incredible. Mr Bonar Law added that the total war expenditure of Britain has been £3,852,000,----000. He believed Britain was able to maintain her present rate long enough to endure. Financial causes would not prevent victory, " " - • v ■" -:'
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Kaipara and Waitemata Echo, 21 December 1916, Page 2
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113RUNNING INTO THOUSANDS OF MILLIONS. Kaipara and Waitemata Echo, 21 December 1916, Page 2
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