WAR EXPENDITURE STATEMENT,

Hawera & Normanby Star, Volume LXXIV, Issue LXXIV, 9 March 1918, Page 5

WAR EXPENDITURE STATEMENT,

SOME ADDITIONAL EXTRACTS-

(Received ;March 9; .$.45 a.m.) LONDON, March 8. In his speech-in the House of Com-. mons, Mr Bonar Law said that the item1 ( <rf £39^750,000 .represents advancesl, to the Dominions. It was mot a loan, j ibut meant that ; the Dominions' troops ;in Britain had been, largely supplied by our arrangements ait home. The increased expenditure ißas largely tdue to the-extension<of Palestisaean and JMesopotamian operations and the increased personnel of the army, but the iprincipal cause was the increases quantity and cost of commodities.. Loans to the Allies on Februae-y 9th stood at £1,264,000,090, and loans <to :the at £180,000,000. The estimated national debt at the end !of the financial year was a%<out £5,1(00,000,000. ' _