COST OF WAR

New Zealand Times, Volume XLII, Issue 9794, 18 October 1917, Page 6

COST OF WAR

HUGE EXPENDITURE BY AMERICA EXCEEDS THAT OF BRITAIN. 3 7 Telegraph—Prosa Association--Cop/rigm Australian ?»n'! N Z rnhl« AshoH-iMoti NEW YORK, October IG. The “Xoir York World's” Washington correspondent says the United States is nr/w paying forty million dollars a day, or one-fourth of tho total cost of the war. America’s expenditure is tho highest, Britain’s next highest, and Germany’s third. An authoritative statistical estimate gives the total cost of tho war up to August, 1918. as 155 thousand million dollars (over 31 thousand millions sterling).- ...

ALLIES CONFER

UNIFICATION OF WAR AIMS REPRESENTATION OF EXITED STATES. 13 y Telegraph—Press Association —Copyright Australian and N.Z Cable Association. 'WASHINGTON, October 10. Air Loosing (Secretary of State) says that America is considering tho advisablenees of being represented at the Allied Military Conference in Paris this week. NEW YORK, October 16. The Washington correspondent of the “New York Times” says that the Paris Conference is designed to unify tho war aims of tho Entente and of Russia, and particularly to consider tho Entente’s helping Russia to refrain her fighting efficiency and financial stability. It is believed tho Conference will ' discuss plans for tho winter campaign, including ‘ British, French, and Italian drives, tho Balkan situation, Greece’s adhesion to the Entente and consequent strengthening of the armies in Alaccdonia, and also tho shortage of tonnage. General Pershinjr and Admiral Sims mrty attend- the Conference on behalf of tbs United States. BRITISH W.'R BONOS WEEK’S SUBSCRIPTIONS £38,000,000. By Telegraph—Press Association—Copyright Australian and N.Z. Cable Association. LONDON, October 16. Applications for tho now War Bonds last week amounted lo nearly thirtyeight millions sterling. SWEDISH DISPATCHES INTERCEPTED AT HALIFAX. Dy Telegraph—Presß Association—Copyright Australian and N.Z. Cable Association. NEW YORK, October 16. The Washington correspondent of tho “New York Sun” states that the British authorities at Halifax have intercepted a bag of dispatches irom Sweden, which arc now held in Washington. The Swedish Minister pressed for tlfcir release, but was informed that he must agree to disclose tho contents of the documents. Therefore there is a deadlock. Tho correspondent predicts that there will be sensational disclosures. REQUISITIONED SHIPS U.S.A. TAKES OVER 2,000,000 TONS By Telegraph—Press Association—Copyright Australian and N.Z. Cablo Association. WASHINGTON, October 16. Tho requisitioning of all American vessels over 2500 tons became effective to-day. Two million tons of shipping is involved. APPEAL TOJTATE BANKS BY PRESIDENT WILSON. By Telegraph—Prosa Association—Copyright Australian and N.Z, Cable Association. WASHINGTON, October 16. President Wilson has appealed to the State banks to conform with the federal Reserve system, and thus to consolidated the gold reserves and more effectively aid in the vigorous prosecution of the war to a successful termination. TWO ENEMY SUBMARINES DESTROYED BY FRENCH IN MEDITERRANEAN. By Telegraph—Press Association —Copyright Australian and N.Z Cable Association. PARIS, October 16. Tho French destroyed two German submarines in the Mediterranean during tho last week in September.