MOUNTING APACE

Wairarapa Times-Age, 27 January 1943, Page 4

MOUNTING APACE

BRITISH WAR OUTLAY. SIR KINGSLEY WOOD’S SURVEY. (British Official Wireless.) (Received This Day, 10.45 a.m.) RUGBY, January 26. Moving a supplementary vote of credit of £900,000,000 and a vote of credit for £1,000,000,000 in respect of war expenditure, the Chancellor of the Exchequer (Sir Kingley Wood) said in the House of Commons that over recent weeks total war expenditure had been at the rate of about fourteen millions daily. When he asked for the last vote of a thousand million on October 20, which made four thousand millions in all, the daily average expenditure was at the rate of 12,7 millions. Sir Kingsley Wood said: “Information available suggests that expenditure overseas in North Africa, Libya and other parts of the world probably has now taken the place of rising production at home as the main factor determining the increase in vote of credit expenditure, though, as the Minister of Production indicated the other day, there will still be some expansion of our war production at home during the coming year. I can also suggest that we are now incurring substantial expenditure in this country by way of reciprocal aid to our allies.”