HUGE DEFENCE EXPENDITURE
BRITISH ESTIMATE.
WHITE PAPER ISSUED
Greatly Increased Expenditure Necessary.
British Official Wireless. Received noon. Rugby, February 16. A statement relating to defence expenditure Has been Issued as a White Paper. It statea that the probable level of expenditure over the next two or three yeara will be very much heavier than In the current year. It Is not at present possible to determine what will be the peak year of defence expenditure. Taking the programme as It stands to-day, however, It would be Imprudent to contemplate a total expenditure on defence durIng the next five years of much lees than £1,500,000,000 on this estimate. The statement says that, deep, ly as they deplore the necessity for this vast expenditure on armaments and other defensive measures, His Majesty’s Government Is convinced that It must be undertaken.
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Taranaki Central Press, Volume IV, Issue 362, 17 February 1937, Page 5
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138HUGE DEFENCE EXPENDITURE Taranaki Central Press, Volume IV, Issue 362, 17 February 1937, Page 5
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