TERRIFIC.

Feilding Star, Volume XII, Issue 2873, 17 February 1916, Page 2

TERRIFIC.

H.RITATN'H COST OF THIS WAX. LoiiiJirti. F< v biiiai-,y 15. S|M'akiug in ilie House of Commons. Mr A.squitli said there was no prospect of a reduction in tin; cofH, of the war, which was still £5.000.000 daily. ITo would ask for a vc.rv large, vote of c-rudit next week. The nation's liabilities mi January 1 woidd reach a figuro which would strain our resources for a generation, and which staggered the imagination. These, expenses must £<> on. because thero must be no faltering or flagging in the prosecution of the war. "How is it io be met?" asked Mr Asquiih. " T run no pessimist. I have no more doubt of our ultimate triuntph than T Jiave about Ihe righteousness of the Allied cause ; but the people must be got to realise the position." The Chancellor would haVe the courage to propose large additions to the taxation, but this would not bridge the huge and ever-widening chasm. The only other way of maintaining our credit was to cut down all unnecessary imports and iho consumption of luxuries, and to bring our expenditure in every phase of our nubric and private life to its lowest limit. The strain and ihe burden would be groat, but it would not bo ;;re;iter Ihnn we rnuld bear.