COST OF THE WAR.

Colonist, Volume LVII, Issue 14147, 26 July 1916, Page 5

COST OF THE WAR.

VOTE OF 450 MILLIONS

BRITAIN SPENDING FIVE MIL-

LIONS A DAY

(Australian and N.Z. Cable Association)

Eeceived July 25, 8.10 p.m.)

London, July 24

In the House of Commons Mr Asquith moved a.vote of credit of 450 millions. He said the expenditure from April Ist to July 22nd was 559 millions. They had 41 millions in hand. The Navy, Army, and munitions cost 379 millions, loans to the Allies 157 millions, aiid food supplies and railways 23 millions. The average daily expenditure on the war was £4,950,000. He hoped the Army and Navy expenditure would not in the neiar future exceed the present level. On- the basis of five millions a day the present vote would last until the end of October.