ECONOMIC BURDEN
WORLD'S ARMAMENTS
AMERICAN MEMORANDUM
NEED FOR REDUCTION
United Press Association—By Electric Telegraph—Copyright. Australian Press Association. WASHINGTON, Ist June. The Secretary of State, Colonel Stimsoii, to-day issued a statement warning taxpayers of the United States against the cost involved in the contemplated naval armaments, if reductions are not promptly made. He stated that the immense material burden involved I increases with every fresh discovery in warfare, and explained that he had in his possession a memorandum from the directors' budget showing "that the unauthorised and contemplated programme for the construction of new ships alone amounts to 1,170,800,000 doHars," to which must be added the increased budget for the operation of the ships. He pointed out that "with a sitiilar expenditure among most of the countries of the world the next fifteen years' economic burden to the world can well be realised."
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Bibliographic details
Evening Post, Volume CVII, Issue 127, 3 June 1929, Page 9
Word Count
142ECONOMIC BURDEN Evening Post, Volume CVII, Issue 127, 3 June 1929, Page 9
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