MONETARY LOSS IN WAR STUPENDOUS.
WASHINGTON, Jan. 2.— The world * war cost an amount almost equal to '| the entire wealth of the American na-<\| tion. Figures available to-day revealed* I that when the armistice was N signed. » Nov. 11, war expenditure aggregated >\ £49,556,000,000. The wealth of the J United States is "estimated at £55,000,-' 000,000. Interest cvn this debt, based -^ on the latest report^ from European..^ countries, will total nearly £190,000,000 a year. '► America's share of the cost when ac- > tual fighting ceased was £4,200,000,000, > but treasury officials said, to-day that t figure reached £4,936,000,000' when the > new year began. t Germany spent £9.500,000,000 direct- » ly on her military programme, reports ► ■from German publicists show. Of ► this sum she borrowed more than ► £7,600,000,000 m long-term loans. ► The expenditures of Austria-Huftgary, ► Turkey and Bulgaria have never been ► separated, but -'treasury statisticians ► place their war cost at £6,600,000,000. ► While the figures given represent the ► direct cost of the world war, officials ► explain that no computation can be £ made; of course, of economic loss to the * nations involved. J
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Poverty Bay Herald, Volume XLVI, Issue 14845, 24 February 1919, Page 8
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176MONETARY LOSS IN WAR STUPENDOUS. Poverty Bay Herald, Volume XLVI, Issue 14845, 24 February 1919, Page 8
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