WAR COSTS
STATED BY BRITISH CHANCELLOR OVER TEN MILLIONS A DAY. EXCLUSIVE OF AMERICAN HELP. (British Official Wireless.) (Received This Day, 11.32 a.m.) RUGBY, June 24. Moving a supplementary vote of credit of £1.000,090,000, the Chancellor of the Exchequer (Sir Kingsley Wood) said it was necessary to ask for a further grant. From the autumn up to June 21. £810,000,000 had been issued, and if expenditure went on at an increasing rate the vote would be exhausted early in July. Over the five weeks to June 21, the average rate oi war expenditure had been about £72,000.000 a week. This was slightly less than the rate he gave in February, but the decrease was due to fluctuation, in certain miscellaneous services only, such as costs of evacuation and emergency hospitals. Supplies generously sent by America under the Lease and Lend Act fell cutside this expenditure. Thus the current expenditure on the war was about £10,250,'000 a day, together with invaluable and increasing help coming from the United States.
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Wairarapa Times-Age, 25 June 1941, Page 4
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168WAR COSTS Wairarapa Times-Age, 25 June 1941, Page 4
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