SINEWS OF WAR

Dominion, Volume 11, Issue 29, 29 October 1917, Page 5

SINEWS OF WAR

CALL FOR CHECK ON BRITAIN'S WAR EXPENDITURE NEED FOR REASONABLE ECONOMY (Keo. October JB, 5.5 p.m.) London, October ,28.. The Parliamentary Select Committee on national expenditure has submitted an interim report, in which it is recommended that tho General Staff should be required to consider the financial aspect when considering alternative proposals. AH Army commands should bo impressed with the heed for further economies. An efficient method of checking waste should be devised. The committee recommends that Cabinet and the. General Staff should consider whether so large a force of troops and Territorials should be required for homo service and munitions work. The cost guarding a post by a single sentry is .£BSO annually. Brass shell casas and boxes worth several millions have accumulated in France. The committee strongly urges that a stronger nnanoial check be kept at tho Ministry of Munitions. The responsibility of settling prices for munitions contracts has not vet been determined, in spite of the fact'that its expenditure is already over the sum of £1,000,000,000. The gross war cost up to September 80 is; about .£5,000,000,000. The gross dead-weight of the National Debt, after deducting advances to the Allies and tho Dominions, which total £U21,000,000, and also war womie, will be about £3,000,000,000. _ If the war expenditure and all the receipts continue at the present rate, each hairw will add, roughly, £1,000 000,000 Kress to the debt or after deducting the advances to the Allies and the dominions. NEW 460-HILLION CREDIT. London, Ootober 26. Mr. Bonar Law will ask the House of Commons on October 30 for an additional credit of 400 millions sterling, making the total war expenditure 6693 millions.— Aus.-N.Z. Cable Assn. AMERICA'S GREAT LIBERTY LOAN CAMPAIGN REMARKABLE WAVE OF PUBLIC INTEREST New York, October 20. A remarkable wave of interest has been oreated in the Liberty Loan, and almost 2,500,000,000 dollars (£500,000,000, roughly) has been subscribed. There is the keenest rivalry between tfie cities, and Chicago is leading with a 57 per cent, quota. Prominent actresses and politicians, including Sir George Eeid, are selling bonds by auction, in the streets and stores. The maximum effort will bo made to-morrow, Liberty Day, when hundreds of aviators will drop appeals broadcast in the prominent centres. The United States must raise 500 million dollars (£100,000,000) daily in order to reach the five billions. Tht Standard Oil Company has taken 50 millions, and Mr.Bookefeller five millions (ten millions sterling and one million, respectively). Mr. M'Adoo (Secretary of tho Treasury) in a statement, urges that bonds conld bo given as Christmas presents.—Aus.N.Z. Cable Assn.

i Washington, October 26. It is estimated that seized German property and money in the United States will swell the Liberty Loan by 200 to 80© millions (40 to 160 million® sterling).— Aus.-N.Z. Cable Assn.

A LIFT' TOWARDS THE MAXIMUM. CRec. October 23, 5.30 p.m.) Washington. October 27. Over-subscription carried the Liberty Loan towards the five billion maximum. The Government will also seize the property of Bulgarians. Austrians, and Turks residing in America—Aus.-N./>. table Assn. . ! , [The above reference to the seisrara oi Bulgarian, Austrian, and 'Turkish property is a Httle puzzling. It was officially stated a few days ago that America, was not at war with the above nations, lier only antagonist in the war being Germany.] LOANS TO FRANCE. Washington, October 26. The Treasury announce a loan of twenty million dollars to Prance.. The total lent to Prance » 790.000,000 dollars (^196,000,000) N.Z. Cable Assn.