FINANCE AND WAR.

Hawke's Bay Tribune, Volume IV, Issue 238, 22 September 1914, Page 5

FINANCE AND WAR.

SYDNEY EXCHANGE RE-OPENED. Sydney. Sept. 21. The Adelaide Stock Exchange lias re opened. Bus incss is light. Though prices fi.r in\<*stnienl -slocks - on the'Sydney Exchange are about i 10 per cent, anil mining 15 per cent. ’ below the rates i nlirig when the Ex- ' change closed on August Ist, they are decidedly firmer liim anticipated and show a marked recovery front the lowest unofficial figures reached during- the suspension. PRICES WELL MAINTAINED. (Received 22, 10.20 am.) Sydney, Sept. 22. Stock Exchange prices are well ■ maintained. Forward titne bear sales • disallowed . 1 PROBABLE COST OF THE WAR. It rakes a wonderfully short time to scatter two or three hundred millions sterling in war time. “Though past wars, even the most recent, can furnish very little guidance as to the future,” writes Mr. W. R. Lawson, in the “Empire Magazine,” “it is interesting to recall their financial results. The Franco-German war cost France over 9000 million i’ranes (9,287,882,000), one half of which represent oil the wnr iiidemnity paid to Germany. In sterling that would make 0371.515,000, and, sis tin 1 war expeiiditure wont on for about nine months, its. daily average would he fully a million and a quarter stmTing- The other big European war of the pasi half-century— the Russo-Turkish—-cost Ilitssm 0153.6'28.000 bnt she hail two years’ hard lighting for her money." Eo adds that in the present war Great Britain may prepare herself for an addition of three hundred millions to the national debt. The cost of the war is sure to ho heavy, /whatever the indemnity.