WITH THE RUSSIANS.
BUDGET SHOWS A BIG DEFICIT PETROGRAD, March 1.
The Budget shows a deficit of £37,000,000. The war is costing £3,000,000 daily. The drink revenue has fallen from £68,000,000 to less than £1,000,000 since the war ; and £350,000,000 have been paid into the savings banks. The conditions of the war are necessitating a large issue of paper money. This was an inevitable evil, but has imposed extreme prudence during the war. The Minister of Finance emphasised the point that Russia must have full economic independence. He was confident that after the war a rich and j:>owerful Russia would arise.
ENEMY DETACHMENT ANNIHI LATED.
PETROGEAD, March 2
A communique states: Our artillery at Lake Sventen annihilated an enemy detachment, which was obliged to abandon its trenches. We are still pursuing the enemy in the Kermanshah district.
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Bibliographic details
Otago Witness, Issue 3234, 8 March 1916, Page 19
Word Count
137WITH THE RUSSIANS. Otago Witness, Issue 3234, 8 March 1916, Page 19
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