COST OF THE WAR
MR. ASQUITH'S AND ME. CEAMMOND'S ESTIMATES. (Received March 19, 8.30 a.m.) LONDON, 18th March. The Times, commenting on Mr. Edgar Crammond 'b figures regarding •
the cost of the war, says : " Mr., Asquith calculated the direct expenditure until July at five hundred millions. This is almost certainly too low, if Mr. Crammond is too high." [Mr. Crammond, in an address before the Royal Statistical Society, said that the cost of the war would be nine thousand millions sterling for one year. Belgium's loss was five hundred and twentysix millions sterling, including two hundred and fifty millions for the destruction of property. A year's war cost to Germany would be two thousand seven hundred and seventy-five millions, including nine hundred and fifty-eight millions for decreased production, and eight hundred and seventy-nine millions representing the capitalised value of human life, compared with the cost to Britain, which would be one thousand two hundred and fifty-eight millions. The war indemnity to compensate the victors would be four thousand five hundred millions.]
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Evening Post, Volume LXXXIX, Issue 66, 19 March 1915, Page 7
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171COST OF THE WAR Evening Post, Volume LXXXIX, Issue 66, 19 March 1915, Page 7
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