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WAR EXPENDITURE IN CANADA

(British Official Wireless.) (Received March 11, 7.30 p.m.) RUGBY, March 10.

Canada’s actual war expenditure is now at the rate-of about 1,000,000,000 dollars a year (about £230,000.000). Together with other expenses, including repatriation operations on Canadian securities held in Britain, the total expenditure amounts to about .1,700.000,000 dollars a year. Of this sum rather' less than half will be forthcoming from the Dominion Government’s revenues and the remainder will be raised on loan. The diversion of Canada’s peacetime industry to war production meanwhile proceeds apace. Two hundred thou sand additional men and women will be required during 1941 for Canada’s war industries. Contracts awarded by the Department of Munitions and Supply in a single week recently numbered 1776, and had a total value of over 8,000,000 dollars

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/DOM19410312.2.35.9

Bibliographic details

Dominion, Volume 34, Issue 142, 12 March 1941, Page 7

Word Count
131

WAR EXPENDITURE IN CANADA Dominion, Volume 34, Issue 142, 12 March 1941, Page 7

WAR EXPENDITURE IN CANADA Dominion, Volume 34, Issue 142, 12 March 1941, Page 7