DEFENCE BURDEN
HUGE COST lIM FRANCE YEAR’S £230,000,000 BILL WARNING BY MINISTER NEED FOR PRODUCTION (Elec. Tel. Copyright—United Press Assn.) (Reed. Dec. 29, 2.15 p.m.) PARIS, Dec. 28. “We are determined to draw up a new national balance sheet after the first, quarter of 1939,” declared the French Minister of Finance, M. Reynaud, in defending the Budget before the Senate, He added that drastic cuts in expenditure and higher production of revenue were vitally necessary. “France cannot continue her present scale of living and arm herself,” he continued. “The military expenditure for 1939 will be £230,000,000. Our obligations from the Great War are still £85,000,000. “We are going to see thousands of millions of francs thrown into the abyss of national defence, but can we be satisfied when, despite this, it has taken 18 months to build a submarine, compared with Germany’s eight months. It is imperative to work more productively if it is desired to improve the position.”
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Bibliographic details
Poverty Bay Herald, Volume LXV, Issue 19825, 30 December 1938, Page 7
Word Count
159DEFENCE BURDEN Poverty Bay Herald, Volume LXV, Issue 19825, 30 December 1938, Page 7
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