The Stratford Evening Post WITH WHICH IS INCORPORATED THE EGMONT SETTLER. SATURDAY, MARCH 27, 1915. BRITAIN'S FINANCE.

Stratford Evening Post, Volume XXV, Issue 73, 27 March 1915, Page 4

The Stratford Evening Post WITH WHICH IS INCORPORATED THE EGMONT SETTLER. SATURDAY, MARCH 27, 1915. BRITAIN'S FINANCE.

Discussing the finances of the war the Statist expresses the view that if the money raised by loan for war purposes be regarded as expended income, and not as a' saving of capital, it is still evident that the savings of the nation during the past year have been large, and that a greatly increased sum can be expended in 1915 for war purposes without causing any diminution in the accumulated capital of the country. Indeed, we are not without hope that, having regard to the diminution in the normal expenditures of the nation, first, in consequence of the reduction in luxury expenditures of all kinds and descriptions, and, secondly, of the replacement of a large amount of civil expenditure by military outlays resulting from the transfer of some 2,000,000 men from civil to military life, the nation will succeed in meeting the whole, or nearly the whole, of its great war expenditures in 1915 out of current income. Should, however, the war expenditure bo greater than Britain anticipates, no difficulty will arise in providing any balance required put of the large amount of floating capital which the country possesses both at borne and abroad. A careful investigation of the whole situation lias brought the Statist to the conviction that the

country will not need to draw upon what may be termed its iixed capital, consisting of permanent se.ur'ties or fi.sed property, in order to finance wh'v expenditures.