COST OF ARMAMENTS
THREE TIMES WHAT IT WAS
(Received May 4, 2 p.m.)
LONDON, May 3. The Bank of International Settlements in its annual report, directs attention to the fact that armament expenditure comes at the wrong time. The present phase of the business cycle j. tending to stimulate the wrong kinds of trade, namely, those already being benefited by the general recovery in business. The report adds that the world's armament expenditure is now three times that of 1913. The profit of the bank amounts to q 000 000 Swiss gold francs. A dividend of 6 per cent, is declared.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19370504.2.120
Bibliographic details
Evening Post, Volume CXXIII, Issue 104, 4 May 1937, Page 12
Word Count
101COST OF ARMAMENTS Evening Post, Volume CXXIII, Issue 104, 4 May 1937, Page 12
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.