BRITISH ECONOMY CAMPAIGN.

Oamaru Mail, Volume XLIV, Issue 14006, 10 March 1920, Page 7

BRITISH ECONOMY CAMPAIGN.

STATE LOAN TAILURE. [Bv Electric Telegraph—Coi'vuight.] (Per Press Association.) < Aus. and N.Z. r Cahle Assn.) . Received March 9 at 5.5 p.m. LONDON, March.9. The Daily Mail has started a postcard economy campaign, by which thousands of postcards written by housewives, demanding a reduction in the tost of.living, are daily delivered to, the members of the "House of Commons. - The paper claims-that the first result is apparent in the debate in the House of Commons on the cost of British representation at the Peace Council at Paris. • Colonel J. S. Wedgewood, speaking in the House of Commons, estimated the cost at £2,000,000. Sir Alfred Monti admitted that the hotel bills totalled £200,000 for accommodation only; . • •■' ■ Heckled about., typists, dresses, dances, bands -and champagne,- Sir Alfred Mond . disclaimed all responsibility, and ; said the Food Ministry supplied the champagne. The British Government's new-3f per cent. loan has only been one-third subscribed. The Daily Mail attributes the failure partly to the public determination to force the Government to stop waste and the fear of a capital levy. A White Paper, publishing some financial correspondence, reveals the fact that the Governors of the Bank of England urged the Government to restrict future borrowings from the hank.