BUDGET INADEQUATE
COMPARED WITH GERMANY'S GREATER EFFORT. Received April 25, 8.30 p.m. LONDON, April 25. Without precedent, speaker after speaker from all sides criticised the Budget for not making greater demands, suggesting that £2,000,000,000 was inadequate to finance the war effort, which members of the Commons compared with Germany's £3,000,000,000. The debate was adjourned. The Daily Telegraph says the Budget was well received in the City and caused sharp rises in giltedgeds. The 31 per cent, war loan rose 11-8 to £lOll-8, the highest level since the outbreak. The new 3 per cent, loans for the first time reached par.
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Bibliographic details
Wanganui Chronicle, Volume 84, Issue 96, 26 April 1940, Page 5
Word Count
100BUDGET INADEQUATE Wanganui Chronicle, Volume 84, Issue 96, 26 April 1940, Page 5
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