£2,000,000 A DAY.
WHAT RUSSIA *TS SPENDING ON % THE WAR, Some interesting passages appear in neuter's report of the debate 011 the Russian Budget in the Duma:— 1 Drink receipts have dropped from 639,CQOjCOO 'roubles in 1914 to 9,000,000 roubles in 1915.
The daily cost of the war has risen from 10..0&0..CC0 roubles to 31,000,000 roubles a day. '
Lp to the present the loan operations cf the internal market have supplied four and a half thousand millions of roubles. the beginning of the war 3..500,000 roubles have been paid into the savings banks.
State loans (said the Minister) play a health-giving role in the financial market by withdrawing excess of money from cir : culation.
(At the present rate of exchange 151 roubles are worth £lO. Therefore. 31,- , 000,000 ronblea equal £2,052,000)' . . ■ 1 K2zass3assßSsmessam&<& ■
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https://paperspast.natlib.govt.nz/newspapers/WT19160729.2.75
Bibliographic details
Waikato Times, Volume 87, Issue 13245, 29 July 1916, Page 3 (Supplement)
Word Count
133£2,000,000 A DAY. Waikato Times, Volume 87, Issue 13245, 29 July 1916, Page 3 (Supplement)
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