SUPPLEMENTARY CREDIT.

Greymouth Evening Star, 17 March 1917, Page 5

SUPPLEMENTARY CREDIT.

A DISAGHEEASCE SURPRISE. bl AILMENT BY THE cHAacELIuJL LONDON, Alarch 15. In tile House of Commons Mr Bonar Law iuirouuced ;i supplementary credit Jur £j4.UOO,OOj. lie said that he was uishgiveamy sui prised to hnd that tne Just credit wotud not suiuce lor tne financial year. 11 was now necessary to find £.18;030,000 for Australian \e.ie;u, £zo,oju. uJJ lor advance to the Allies and the Dominions. It had been understood that payments to Australia were unnecessary during the current hnancial year. It both cases it meant paying money now instead ot next hnancial year. The baiancetaomprised two amounts, whicu it was inadvisable to state separately. One consisted of additional munitions expenditure, ami really should bo a source of satisfaction, because it was due to a prompter delive,y of supplies. The fast item consisted of the Shipping Controller's payments for increasing the supply of merchant ships which we were obtaining more rapidly than was expected. Mr. McKenna asked how much of the £2,010.000,033 spent in munitions represented assets which would be realisable after the.war.