"FICTITIOUS PROSPERITY."
STATEMENT BY MR. BONAR LAW. MUST RISK NATIONAL BANKRUPTCY. Received Nov. 19, 11,120 p.m. London, Nov. 19. in the Commons, Mr. Bonar Law said it was unwise to tell all the facts concerning the situation in Serbia, but lis could sjy that in spite of what had happened in the Near East lie was more hopeful now than he had been for many months. Tilings were not going so badly as they seemed to be. Sir Henry Dalziel urged an inquiry into the Dardanelles, and also a, complete explanation of the operations. He denounced the lack of economy in national expenditure, particularly in the Navy. Mr. Bonar Law, in reply, said that the Admiralty was anxious to save money, but the fleet must be kept in a position to meet the enemy. We had to risk national bankruptcy in order to bring the war to a successful conclusion. He admitted that the financial position was , extremely dangerous, because while we were able to borrow freely a fictitious prosperity was created. The people, instead of making sacrifices, were actually better off than ever they were before. He deprecated an inquiry into the Dardanelles campaign chapter by chapter; it would be better considered as a whole at the proper time.
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Taranaki Daily News, 20 November 1915, Page 5
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210"FICTITIOUS PROSPERITY." Taranaki Daily News, 20 November 1915, Page 5
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