BRITAIN’S WAR COSTS

Otago Daily Times, Issue 25135, 28 January 1943, Page 6

BRITAIN’S WAR COSTS

NOW £14,000,000 A DAY RUGBY, Jan. 26.

In the House of Commons the Chancellor of the Exchequer (Sir Kingsley Wood), moving a supplementary vote of credit of £900,000,000 and a vote of credit for £1,000,000,000 in respect of war expenditure, said that over recent weeks the total war expenditure had been at/ the rate of about £14,000,000 a day.' .When he asked for the last vote of £1,000,000,000—0n October 20, which made £4,000,000,000 in all—tire daily average expenditure was at the rate of £12,750,000. “The information available,” Sir Kingsley said, “suggests that the expenditure overseas in North Africa, Libya, and other parts of the world has probably now taken the place of rising production at home as the main factor in determining the increase in the vote expenditure, though, as the Minister of Production indicated the other day, there will still be some expansion of our war production at home during the coming year. I can also suggest that we are now incurring substantial expenditure in this country by way of reciprocal aid to our Allies.”