BRITISH WAR FINANCE.
VOTE OF 600 MHJJONs.
DAILY EXPENDITURE OVER SIX
MILLIONS
ESTIMATES EXCEEDED
(Australian and N.Z. Cable Association)
(Received March 9. 0.25 a.m.) London, March 7
In the House of Commons. Mr Bonax Law, in moying a vote of credit of six hundred millions, pointed out that it was the largest single credit. He did not anticipate an increase in daily ex-1; penditure, but he required a sum that would last until tie end of June. The daily average expenditure from December Ist to February 9th was £6,107,000. The expenditure on the Army, Navy, and munitions exceeded the Budget estimates by £664,000 daily; loans to the Allies and the Dominions exceeded the Budget estimate by £339,000 daily, and miscellaneous expenditure by £242,000 daily.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/TC19180309.2.27.15.2
Bibliographic details
Colonist, Volume LX, Issue 14656, 9 March 1918, Page 5
Word Count
124BRITISH WAR FINANCE. Colonist, Volume LX, Issue 14656, 9 March 1918, Page 5
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