BRITISH WAR COSTS

Wairarapa Times-Age, 7 February 1941, Page 5

BRITISH WAR COSTS

NOW OVER TEN MILLIONS A DAY PROOF OF THE COUNTRY’S DETERMINATION. SIR K. WOOD’S SURVEY. (British OfTicial Wireless.) 'Received This Day, 10.7 a.m.) RUGBY. February 6. Figures, which he said were a striking proof of the country’s determination to prosecute the war with all its might, energy and speed, were given by the Chancellor of the Exchequer, Sir Kingsley Wood, in the House of Commons. when he asked for £1.000,CCC.OOO on a vote for a credit for the financial year 1941/42. and also for a supplementary vote of £600,000.000 for the current financial year. The daily expenditure, he said which a year ago was £5.000.000. now was over £lO 500.000 -£8,000.000 for the fighting services and £2.500.000 for other war services. Thu daily expenditure. therefore, had more than doubled in the year and had increased by nearly £1.500.000 since he asked for the supplementary vote. Sir Kingsley Wood said: “This, with some margin for contingencies, should cover us until the end of the present financial year." The Chancellor revealed that including the services of the State other than war services' Britain is now spending at the rate of approximately £l2 250,000 daily All those matters the Chancellor umphasi-cd. ulfrred matter for anxious consideration in relation ',<> the next Budget- not now far distant was imperative that civilian consumption should continue to be curtailed and ’.ha’, fvery penny possible should lie saved and lent to the State The Government added Sir; Kingsley U'<««l. was very much alive (u tile danger of infl.i’.ion mil! Would I nut hesitate to take every nr;ielii:;il | ■ to control the danger - tbiuld it j over arise, — The BBC rej>or'< Sir Kingsley* W. ->d a stating that war expenditure, during the current financial year w;e:l (•xpected !<• tiiia! £ 3 300.000. WO, a- ■ compared with ’.he maximum aimu.ik expenditure rlurmg the las', war 'm its third veari of £2.342.000.000