STATEMENT BY CHANCELLOR OF EXCHEQUER.
TWO MILLION MEN UNDER ARMS THREE . MILLIONS IN A FEW ' MONTHS. (Received Nov. 18, 3.15 p.m.) LONDON, Nov. 17. Mr Lloyd George, speaking m the House of Commons, estimated the year's expenditure at £206,924,000. m addition to £328,443,000 war expenditure. The probable deficiency would be £339,571,000. The first year of the war would cost at least 450 millions. Tho largest sura Britain had previously spent on war m a single year was 71 millions. The beer duty is'to be increased halfpenny tho half -pint, and tea increased threepence ; thero will be no extra whisky tax. The British expenditure d_ higher m proportion than tnat of any other country. The nation ha 3 already had at least two million men under arms, and it is confidently anticipated there will be three milkons m a few months. Separation allowances alone would then cost 65 millions annually.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/PBH19141118.2.54.1
Bibliographic details
Poverty Bay Herald, Volume XLI, Issue 13540, 18 November 1914, Page 6
Word Count
149STATEMENT BY CHANCELLOR OF EXCHEQUER. Poverty Bay Herald, Volume XLI, Issue 13540, 18 November 1914, Page 6
Using This Item
The Gisborne Herald Company is the copyright owner for the Poverty Bay Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in