ECONOMY CAMPAIGN

Otago Daily Times, Issue 18464, 27 January 1922, Page 5

ECONOMY CAMPAIGN

FORECAST OF ESTIMATES. REDUCED EXPENDITURE. STATEMENT BY MR CHURCHILL. Press Association—By Telegraph—Copyright. LONDON, January 26. (Received Jan. 26, at 7.25 p.m.) Mr Winston Churchill, in opening the 1920 Club established by the Coalitionists, said the Geddes report was a fine, massive, comprehensive >OI6OO of work. He did not say he agreed with it, but it would be published. Directly the Government had reached definite conclusions regarding the Estimates they would be put before Parliament. There would be reduction in expenditure on an enormous scale, due to the Washington decisions, the Irish settlement, and post-war reconstruction. This saving would stand to the credit of the Coalition. The' country would have no admiration for men who stood with their hands in their pockets and jeered and snapped and carped at those who were doing the work. The sole object of the speeches of Viscount Grey and Mr Asquith was to excite partisanship by fault-finding against the Government which was dealing with world events of prodigious and unprecedented complexity. The country should be 1 profoundly thankful that it was safely through these enormous trials and perils with greater strength than any other nation of the world. —A. and N.Z. Cable. THE PROPOSED REDUCTION. SAVING OF £80,000,000. LONDON, January 25. (Received Jan. 26, at 8.10 p.m.) A well-informed report states that the Cabinet has accepted in the main the Geddes Committee’s proposed cuts,-, which amount to £80,000,000, comprising—-Edu-cation, £18,000,000; Naval and Military, £62,000,000; Agriculture. Trade, Police, and Prisons, £10,000,000. Furthermore, alterations of policy consequent on the Washington decisions, and the substitution of airplanes for cavalry is expected to save an additional £20,000,000. . With the saving of £75,000,000 made by the departments apart from the Geddes Committee’s recommendations this will enable the Budget to be balanced.—A. and N.Z. Cable. ADMIRALTY ECO'nOMY. DISCHARGE Ol’ DOCKYARD WORKERS. LONDON, January-23. The Admiralty is discharging 15000 workers from the Rosyth dockyard at the rate of 200 a week, involving a saving of £IOO,OOO a year.