U.S. WAR COSTS

Grey River Argus, 21 November 1944, Page 3

U.S. WAR COSTS

250 MILLION DOLLARS A DAY.

14,000 MILLION WAR LOAN. (Rec. 8.15). WASHINGTON, Nov. 19. President Roosevelt, in a broadcast, opened America’s sixth war loan of fourteen thousand million dollars. He declared that the war is costing two hundred and fifty million dollars each day. He gave a warning that manv costly battles must yet be fought before the war is won. General Eisenhower gave a broadcast from Europe calling for a superhuman effort by American home front workers. He pointed out that eight million rounds of artillery and mortar shells are fired* each month. Mr Forrestal, Navy Secretary, said that since July 1, 1940, when the U.S. Navy rearmament programme began' the Navy Department has spent sixty-nine thousand million dollars out of one hundred and eighteen thousand million dollars authorised by Congress. The Navy in three years had convoyed on the Atlantic and the Pacific sixty-one thousand ship's, carrying troops and supplies; had landed twelve hundred thousand assault troops on enemy beaches; had sunk fourteen hundred enemy ships, aggregating 4,750,000 tons; had shot down or destroyed ten thousand planes; and had cleared Japanese forces from 8.170,000 square miles of the Pacific. Tz „ .. Rear-Admiral Monroe Kelly, the C'oinmandant of the Third Naval District, New York, estimated that the second Battle of the Philippines cost the United States one hundred million dollars’ worth of ships.