PRIME MINISTER ON THE EXPENDITURE.

Hawera & Normanby Star, Volume LXXI, Issue LXII, 10 May 1912, Page 5

PRIME MINISTER ON THE EXPENDITURE.

B* &A£hE— PEERS Ab&uuiATION-COPYRIGHI. ' LONDON, May 9. • -»«• Asquith, speaking at txie .bankers' ■Association, sam mat ue had been ivL"*2? vn 8 tne Beet., it suggested toe yougno tnat lr the gigantic expenditure were some day aiverted to inoie channels tney would have tne worid achieving some oi: its best aspirations, but whne the world remained, in *i«j present temper breat '.Britain could not neglect detwnce against aggression. Her cieoo had decreased £bo,OUO,UUG •*"ice IW6- Germany's had increased *>y £«3,UG0,00U, and Austria's oy *,j.l2,iXhj 3 uou m the same period. Tne tan' in consols was attiibuxabie to tne increased area open to trustees, now •estimated •at almost two hundred tuo UaatidT millions, .accompanying tiaue activity there were signs in xne industrial say warning tne^u against a conipiacent optimism. It was the duty ot "vie Government and the business of

the community to solve the problem ■of the recurrence of strikes.