News From England

Taranaki Daily News, 22 July 1915, Page 5

News From England

WAR FINANCE. A HUGE EXPENDITURE. London, July 20. Mr. Asquith, in the House of Commons, moved a credit for 150 millions to meet the war expenditure, making a total of 1012 millions since the outbreak of the war. For the first seven-1 teen days of July the expenditure wasi £54,190,000. The expenditure during the current year to Juiy 17 was roughly, 301 millions, of which £241,0:)3,0!)0 was' for the army and navy, while loans to] the Dominions and Allies roughly amounted to 44 millions. The balance ( was expended on food supplies and fori other purposes. Mr. Asquith estimated that the present vote would last till the end of August. He said that advances to the Allies might grow with the the adhesion to our cause of States which took no part in the war in its x earlier stages. He pointed out that the ' wording of the clause dealing with loans had been altered to authorise expenditure by loans and grants for purposes connected with the war. The clause previously restricted advances -to the Dominions or the Allies. The Government purposely eliminated the limitation and trusted "the House would not ask for details. The Government des'red wider powers in respect to countries to which advances might possibly be made. . Mr. Asquith intimated that Parliament would reassemble in the middle of September. TROUBLE FORESHADOWED. THE MEANS FOR REHABILITATION. Heceived July "21, 5.5 p.m. London, July 20. During a discussion in the House of Lords on national expenditure, Lord Lansdowne said that no nation is likely to emerge from the war with unimpaired resources. There would be a great financial embarrassment, he might almost say disaster, whieh would take all the resources of the civilised world to bear. He pledged the Government to scrutinise civil expenditure closely. Lord Cromer said the only way to rehabilitate finances in this or any other country was to carry the war to a complete victory, yrhich would result in the overthrow of Kaiserism, and the establishment of a real constitutional government in Germany.

CAREFUL EXPENDITURE. WAR TAXATION PREDICTED. Received July 21, 10.1.5 p.m. London, July 21. The House of Commons passed the credit vote. 'Mr. Asxptith strr-'-fi! t.iO I riforU being made against wasteful expenditure. Br- Macnamara and Mr. !■ ore-ter. at Mr. A-qniia's rc M ue-t. dvtaded the methods of the War Office ,:n,J the Ailmitalty in carefully wilt hing wiiditurc. Re-viu-.l July 21, 10.10 p.in. London. du ! \ 21. In the House tT Lords. Lord Montagu, pndieting taxation, said that the war t':\ai\on in I'.ll-HS was C! s .1,(i:(.(• ;f(. •Vd it is c-timatcd that t!>e war taxation in WlMfl will be i'liS.Obfia ad In iriii-17 £72.000.f'00. Received July 21. naa. London, d il , 21. The Earl of Meath sugge-tei that vVevyone re civ ing ovor a f.Ttani -nlary should be compelled to accept a portion of the war loan. The Marquis of Crewe said the war would be iir vain if eighty millions of defence expenditure was perpetual. On'.y the most sanguine expected an immediate reduction, but he hoped that tile new spirit of Europe would lead to a progressive reduction of the armies of the Powers. He urged personal economy in dutiable articles, .such as fruits, sugar, tea, wine, tobacco, luxuries, silks, motorrars and petrol. It was impossible to Frx rules for economy, but the spirit of the country could not properly be sustained without some forma of relaxation r.nd amusement. He did not suggest t-losing cinemas and theatres. ' '

A JOURNALISTIC TRIUMPH. TRIBUTE TO ■THE TIIL"XDEIIER." (Times and Sydney Sun Services.) Received July 21, 7.30 p.m. London, July 21. The Ottawa Evening Journal, the leading political organ of Canada, commenting on the Times' statement that the •shortage of shells verified its demands for a Ministry of Munitions, and that national government and organisation of national resources i>e fulfilled, gays that seldom has the English-speak-ing world witnessed a greater journalistic triumph. The fact of the matter is, says the Journal, that the Times is a'national institution; it is wrapped up with the history of modern England, and often more truly reflects the national mind than does the Government.

| DISHONORED. Received July 21, .j.5 p.m. London, July 20. The King has ordered the removal of the name of Prince Eitcl Friederich of Prussia from the roll of the Knights of Jerusalem. THE COTTON DIFFICULTY. London, July 20. Mr. Asquith, replying to question-., .said that some cotton might reach the enemy which ought not to do so, but in stopping the export Britain must regard neutrals' interests, to prevent anything in the nature of an unnecessary quarrel. The Government hoped for a more adequate solution of the difficulty than had hitherto been possible. Referring to air service, Mr. Asquith said the suggestion that it wanted imagination and conception was totally unfounded. It was being developed and extended in every possible way under the wisest guidance.