FRENCH EXPENDITURE.
£83,000,000 MONTHLY.
IMPORTANT LOAN PENDING.
(Received September 29, 12.5 a.m.)
Paris, September 28.
A Senate memorandum shows that the total credits received and pending amount to £1,200,000,000. The expenditure for the past three months, including that on the war, was £74,800,000 monthly. It is estimated that the monthly expenditure for the coming quarter will be £83,000,000.
The chairman of the Finance Committee announced that an important loan was pending. Hitherto they had met expenditure without much difficulty, but a more radical solution was necessary.
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Bibliographic details
New Zealand Herald, Volume LII, Issue 16035, 29 September 1915, Page 8
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86FRENCH EXPENDITURE. New Zealand Herald, Volume LII, Issue 16035, 29 September 1915, Page 8
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