WAR FINANCE.
ENORMOUS EXPENDITURE. CREDIT OF £450,000,000 ASKED FOR. (Australian and N.Z. Cable Association.) LONDON, July 25. Th the House of Commons yesterday, the Prim© Minister (Rt. Hon. H. H. Asquith) moved for a further credit vote •of £450,000,000. He said that of the £600,000,000 credit vote which the House passed early m April, the expenditure from April 1 to July 22 had been £559,---000,000, and we had the remaining £41,---000,000 m hand. The principal items of expenditure for the period were: — Army, Nayv, and Munitions 379,000,000 Lofuu? to Allies ... ■ ... 157,000,000 Food supplies and railways 23,000,000 Still m hand .. ... 41,000,000 total !.. ... ... £600,000,000 Continuing, he said the average daily expenditure on the war was £3,950,000, and lie hoped the Army and Navy expenditure would not m the near f uture exceed the present level. The present vote should last until the end of October.
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https://paperspast.natlib.govt.nz/newspapers/PBH19160726.2.15.12
Bibliographic details
Poverty Bay Herald, Volume XLIII, Issue 14054, 26 July 1916, Page 3
Word Count
143WAR FINANCE. Poverty Bay Herald, Volume XLIII, Issue 14054, 26 July 1916, Page 3
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