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THE RACE IN ARMAMENTS.

According to an Australian journal. Britain is spending the largo ,->um of £16,300,000 on the nary alone thi;year, and £'28.220.000. on her army. The civil service estimates, too, are still going up by leaps and bounds; but Britain hear* tin's heavy burden annually, paying for everything out of revenue. She doe,s not need te borcw. When we think of other Countries we cannot but wonder how long they can continue this fearful race in armaments. France, which authorised an expenditure of £30.000,000 over and above her ordinary commitments, has in addition actually to meet, a deficit of £12,000.000 on this year's budget. Germany'.fleet has been built on borrowed money. Italy's financial resource--have been fheavily strained by the wa> in Tripoli, and she borrows to built' more Dreadnoughts. Japan, taxed to an almost unendurable extent, i:; borrowing a large part of the £36.000,000 «he has just, voted with which to build eight Dreadnoughts, four battle cruisers, eight scouts and (forty destroyers. China, although not requiring the money for armaments, is being allowed to' raise £25,000.000 on loan. A regular debauch of borrowing !

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/WAG19130506.2.19

Bibliographic details
Ngā taipitopito pukapuka

Wairarapa Age, Volume XXV, Issue 10713, 6 May 1913, Page 4

Word count
Tapeke kupu
185

THE RACE IN ARMAMENTS. Wairarapa Age, Volume XXV, Issue 10713, 6 May 1913, Page 4

THE RACE IN ARMAMENTS. Wairarapa Age, Volume XXV, Issue 10713, 6 May 1913, Page 4

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