BRITISH FINANCE.

Rangitikei Advocate and Manawatu Argus, Volume XLV, Issue 12012, 15 March 1920, Page 4

BRITISH FINANCE.

United Press Association —By Electric Telegraph—Copyright. Imperial News Service. Received March 15, 10 a.m. London, March 9. Official estimates issued indicate that the national expenditure for the year 1920-31 is estimated at 1187 millions, of which civil services ab- | sorb 557 millions, interest on j national debt 400 millions, the Army 125 millions, the Navy 64 millions, the Air Force 21 millions, as comj pared with a total of 208 millions j submitted in the spring of 1914, of I which civil services absorbed 92 millions, national debt services 36 millions, Army 39, and the Navy 51. The revised Naval bstimates for 1919-20 show a gross expenditure of 97 millions. The a mount assigned to new construction is £4,000,000, but this is entirely for the completion of vessels laid down during war time. Contributions from India and the Dominions, excluding New,Zealand, which is still discussing the matter, total £215,000.