FINANCIAL STRAIN OF WAR.
lii.fa.pt Notes. atuJ Queries, Mr. W. ■S. E&binsdn summarises) authoritative financial Opinion on the economic strain caused- . ;',by , the. ; war-. His coticlusions are /—Men engaged in military duty in Europe, 20,000,000. Total numbers of persons either wholly -or partly withdrawn from profitable industry, 50,000,---000. Annual economic loss by this withdraws 1, £1,500,000,000 to £2,000,---000,000. British war expenditure, ■£•7:000.000 it. week. • War expenditure
of all countries in conflict, minimum estimate, £40,000,000 a week; highest .'climate, £70,000,000 a week. Cost of iirst 100 davs of war, anything from £500,000,000' to £1,000,000,000. German Imperial Bank notes n't a. discount "' 40 per cent, in lKiutivi.l countries. Bank of France notes sold at 7 per cent.; discbunt. British Government currency notes, no depreciation, at call.
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Bibliographic details
Poverty Bay Herald, Volume XLI, Issue 13575, 31 December 1914, Page 4
Word Count
124FINANCIAL STRAIN OF WAR. Poverty Bay Herald, Volume XLI, Issue 13575, 31 December 1914, Page 4
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