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THE COST OF THE ZULU WAR.

July 31—The Chancellor of the Exchequer made hU promised statement with respect to a vote on account of the Zulu War, He reminded the Hguse that he had on a former occasion stated the cost of the war would be nt the rate | of half a million a mouth, and later information had not disturbed that calculation. After the end of July the account would be slightly diminished, and would amount to £450,000 per month for the remaining period of the war. The navy had incurred a charge of half a million for trausport, and putting down £50,000 for contingencies, the sura he should have to ask for would be three millions and a half, a million for transport, and putting dowp £50,000 for contingencies, the sum he should hnvo to ask for would be three millions. That he felt sure would be sufficient to meet all demands until the beginning of next session; and he hoped that it might even cover the total cost of the war. With the sum already voted he estimated that the total cost of the South African War would be four millions and a half, pud this, he ;added, amid general cheering, was an amount which ought not to fall as a whole upon the Imperial Treasury. Since the oornniencenient of the Trauskei War the colonial authorities had had constantly kept before them the understanding that they would be called upon to bear their share of the bill. It was proposed to send the Accountant-Gen oral of the Army and a Treasury officer to examine the accounts and settle hew they should be apportioned. Taking the Budget figures, the Chanoellor showed that the net result of the . war expenditure would ho to leave a deficiency of of £1,103,000 whioh represented the sum that the Government hoped to recover from the South African Colonies. Ho therefore considered that he had only to make temporary arrangements for the present time, aud that it would be sufficient to ask the House to give tho Treasury the right to issue Exchequer Bonds for the sum of £1,200,000 which would enable him to make both ends meet for the financial year.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/STSSG18791115.2.11

Bibliographic details
Ngā taipitopito pukapuka

Samoa Times and South Sea Gazette, Volume 3, Issue 111, 15 November 1879, Page 2

Word count
Tapeke kupu
368

THE COST OF THE ZULU WAR. Samoa Times and South Sea Gazette, Volume 3, Issue 111, 15 November 1879, Page 2

THE COST OF THE ZULU WAR. Samoa Times and South Sea Gazette, Volume 3, Issue 111, 15 November 1879, Page 2

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