IN BRITAIN. COST OF THE WAR.
MR McKENNA:S EXPLANATION.
(Australian and N.Z. Cable Service.) ' - . LONDONj.JuIy 21. VIn the House of Commons, Mr li. •McKenna, Chancellor of the Exchequer,, in reply to questions, said, the rise in the '"rates of the national expenditure during the last seven weeks was due, firstly, to. tho Government's purchases of American securities, and secondly, to the rate at which advances to our ' Allies" and the Dominions were drawo x
upon. He was hopeful that ihe esjenditurc would decline.
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Bibliographic details
Ashburton Guardian, Volume XXXVI, Issue 8508, 22 July 1916, Page 5
Word Count
83IN BRITAIN. COST OF THE WAR. Ashburton Guardian, Volume XXXVI, Issue 8508, 22 July 1916, Page 5
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