DEFENCE PROGRAMME
BRITAIN’S HUGE PRODUCTION
ON UNPRECEDENTED SCALE
(United Press Association.—By Electric Telegraph.—Copyright.)
Received February 21, 10.5 a.m
LONDON, Eeb. 20
The Chancellor of the Exchequer (Sir John Simon), introducing the Bill increasing from the present limit of £400,000,000 to £800,000,000 the amount which may be borrowed for defence for the five-year period ending March, 1943, 6aid that the current year’s defence expenditure would be £406,000,000.
The Chancellor added that production had reached a scale never previously touched and it would be in full blast in 1939-40. The cost would be £580,000,000.
During three years, £700,000,000 would be provided from the revenue, said Sir John. The navy personnel from 1933 to 1938 had increased by 32,000.
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Bibliographic details
Manawatu Standard, Volume LIX, Issue 71, 21 February 1939, Page 9
Word Count
116DEFENCE PROGRAMME Manawatu Standard, Volume LIX, Issue 71, 21 February 1939, Page 9
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