ENORMOUS COST OF ARMAMENTS
BIG INCREASE SINCE 1914 REVIEW BY GERMAN AUTHORITY United Press Association—By Electric Telegraph—Copyright BERLIN, March 22. The world’s armament expenditure in 1934 was £2,500.000,000—0ver three times that of 1913, an ddouble 1929, says the official German Institute for Business Research. While the world trade turnover decreased 4 per cent., the armament trade increased 12 per cent., despite a drop in armament costs. , The report adds that former customers have strikingly developed their own armament production. Russia, who took 57 per cent, of her aeroplanes from abroad in 1928, is now self-supplying and has quadrupled the output in four years. Many others, including South Africa and Australia are seeking to provide their own needs.
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Timaru Herald, Volume CXXXIX, Issue 20066, 25 March 1935, Page 7
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117ENORMOUS COST OF ARMAMENTS Timaru Herald, Volume CXXXIX, Issue 20066, 25 March 1935, Page 7
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