COST OF THE WAR
GERMANY'S HUGE BURDEN,
FRANCE HEADS THE ALLIES. Bj Telegraph.—Press Assa,---Copyrli:nß, London, June 8. Mr. Edgar Crammond, lecturing at the Bankers' Institute, estimated the real cost of the war as follows; Britain. "£5,500,000,000 France „ 5,450,000,000 Italy ,',., 1,1)00,000,000 Belgium ....... 500,000,000 Germany " 8,700,000,000
The amounts are equivalent to 12 per cent, of Britain's national wealth, 25 per cent, of the French, 20 per cent, of the Italian, and ill per cent, of the German. He pointed out that the moderate decrease of the wealth of the United Kingdom was set off by the substantial increase in that of the overseas Dominions and possessions. He estimated the wealth of the Empire at .-£44,080,000,000, compared with £24,080,000,000 in 1910, and the annual income at £7,65if1,000,000, compared with £3,332,000,000.—Ana 4 N.Z. Cable Assn.
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Taranaki Daily News, 11 June 1920, Page 5
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131COST OF THE WAR Taranaki Daily News, 11 June 1920, Page 5
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