COST OF THE WAR.
The Mechanics and Metals National Bank of New York has made an interesting analysis of the war costs, war loans, and Government indebtedness of Europe. The war is approaching the end of its second year, and attempts to guage the burden to all the Powers involved have resulted in a direct cost of £9,055,000,000 being arrived at. This figure takes ho count of the loss through the destruction of cities, railways, bridges, agricultural values, etc., but represents solely the expenditure for carrying on hostilities. The figure is the sum of the expenditure of • capital by Governments concerned, which will in the end, for the most part, form permanent additions to their national debts. The cost tc- the various belligerent nations is shown in the following table:—
Two Years Ending— Per Aug. 1, 1916. Capita. Direct cost to— £ £ Great Britain .. 1,845,000.000 41 France 1,750,000,000 43/15/ Russia .. .. .. 1,400,000.000 8 '4/ ItaJy .. 360,000,000 10/6/ Belgium & Serbia 200,000,000 16/13/ Germany .... 2.100,000,000 32/6/ Austria-Hungary 1,200,000,000 24 Turkey and Bulgaria .. .. 200,000,000 . .
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Bibliographic details
Southland Times, Issue 17791, 21 July 1916, Page 4
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169COST OF THE WAR. Southland Times, Issue 17791, 21 July 1916, Page 4
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