FINANCIAL.

Taihape Daily Times, Issue 220, 19 March 1917, Page 2

FINANCIAL.

iw< m A BIG SUPPLEMENTARY CREDIT ASKED FOR. „ REQUIRED FOR SATISFACTORY r I, REASONS. f y LONDON, March 15. L In the House of Commons, Mr Bonar | Law introduced a Supplementary Credit f for sixty-four millions. He said he was S disagreeably surprised to find that the % last credit would not suffice for the fin- » aneial year, and it was not necessary 5 to find 18 millions for. Australian wheat K and 23 millions for advances to the Al--5 lies and the Dominions. It had been 6 < understood that payments to Australia would be necessary for the current fi- * aneial year, and it was now necessary paying the money now instead of next i financial year. The balance of the % credit would comprise two amounts | which it was inadvisable to state sep- £ 1 arately. One consisted of additional ik munitions expenditure, and really $ should be a source of satisfaction, because it was due to the more prompt J delivery of supplies. The last item eonsisted of the Shipping Controller’s payments for increasing the feupply of L merchant ships, which they were obtaining more rapidly than was expected. The Hon. R. McKenna asked how much of the 2010 millions spent on mu‘sl nitions represented assets capable oi being realised after the war. ir i ■mm ■■in i . AT