The Anderson daily intelligencer. [volume] (Anderson, S.C.) 1914-1915, 1915-02-16
LLOYD GEORGE
ON COST OF WAR
SAYS PRESENT STRUGGLE
THE MOST EXPENSIVE
EVER WAGED
BOTH i'm MEN
AND MONEY
Expenditures of Alliee WIZ be
$lo,ooo,OOo.Ooo During
Current Year
Dy Associated Pnaa.)

LONDON. Feb. 15.-(3:53 .. m.j-
The expenditures Of the Allies on the
war will be two billion pounds
sterling 1o,0O0,oO0. .O00) during the
current year. David Lloyd George.
chancellor of the exchequer, told the
house Of commons this afternoon ina
statement explanatory or the arrange
ment made OF the recent conference.
between the finance ministers OF
France, and Russia and himself y IN
Paris. Great Britain, het announced.
was spending more. money than her
two allies. ~ .li IS =
The present war. Mr.. Lloyd George
said. was the most expensive In ma
terial, men and money that ever hid
been waged. Great Britain, he ycon-
tinued. could finHnee. the war ave
years out Of the proceeds OF her in-
!estment sabroad. France was able to z
do so for about two or three yea9a
with something to spare. Russia, he (
said, although prodigiously rich In
natural resources. was I'm Q different
position. q g3 SIS a
Mr.. Lloyd George said that n vac
decided at the conferences In Pafia
not to issue a. joint loan. Zach flIy5
must bring its sresosrceas Into tfln Z
! common stock, he cont tinued a :. 57bns
conference dismissed the idea os
Joint internat ti0Hal loan, which would (
have frightEnsd eparE Bolirae, lie "a
Cd aiia dSci esi ees,ii eo,ts,
should raise the moneys Il Needed ;ygifhs
In It's own territories, a., far DC estis,
ditions allowed; hut liz hello we're need.
ed for purchase abroad ftIptA who Ena
means would help to the best OF fh6ie
power. The only Joint loan would ttSe
with reepect to advances made nf IL, /
the smaller OF. the slIied ftatea .ss
The chancellor said Russia had in-
creased her product ity sEnm' 30 TO
i4O per cent by suppreBsing sale 1 or
vodka. She had had difficulties in d. J
nancing her purchases abroad, ana
the game thing had applied 10 France.
i am not sure We realize the strain
upon this gallant country the cham
csllor OF tho eIcequed continued.
.she mas had e larger proportion OF Z
her men In the field. and the enemy
in occupation or the riciiast psrf -s;f !.
her territory. Neyartheless. the CON, 4
fidence OF the French matter, etrikea
every visitor to Paris. There IA 4, ia
seen calm and sincere courage sun-
posed to be Incompatible With the
temperament OF the Ceitt, afiaa v-;e
hears the general assurance that The
German army has as much chance OF
crushing France as of overrnnnine
Mars" - ~ : ~ !
With regard to Russian purchaaeg.
the chancellor said II had been decfd.
ed that the first $250,00o, eco for that
purpose should be raised in equal
amounts on the Paris and London
markets. -
Fnssia need not hesitate 10 place
orders for fear of any difficulty Il, OBJ s
tanning money to pay for them, the
chancellor declared. Russian trsas-
ury bills to the amount OF $50, 600, COO :
issued In London In the past few days
had been oversubscribed. The speaker
declared there was eatssfactory
amount Of gold In London. aIa, how
ever, our gold reserves fall below a
certain point-a pretty high point
the banks OF France and Russia viii
come to our assistance Mr. Lloyd
George said. ss q. y . -.
Mr.. Lloyd George laid ampAasis en
i tne TACT that the Allies must be pre-
(COntinued an pa "a Tifnhei ,-.--rs'~