THIRTY MILLIONS.
I LONDON, December 1. The Pall Mall Gazette claims to have received confirmation of the report that the Government intends to v-aise a loan of £30,000,000, and possibly more, with which to supplement the usual naval estimates. j Tt is argued, m view of the German campaign for a bigger navy, that it is necessary that Britain should show her determination to preserve the two-td-one , standard. ! The estimates provide for the construe- ! tion of new docks for the suner-Dread- . noughts. I The executive committee of ,the Navy League at a meeting towards the end of last year adopted a resolution advocating the laying down, as a minimum, of two capital ships to every one commenced by the next strongest naval Power, and the , maintenance of the proper complement ! of men, vessels of other classes, stores, i and armaments. Another resolution recommended that the expenditure should be met by a naval Joan if it should prove to be necessary to adopt the course. '
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Bibliographic details
Poverty Bay Herald, Volume XXXVIII, Issue 12632, 8 December 1911, Page 8
Word Count
164THIRTY MILLIONS. Poverty Bay Herald, Volume XXXVIII, Issue 12632, 8 December 1911, Page 8
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