Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1917-07-25
GREAT BR|TA|N'S
WAR DEBT HEAVY
More Than $25, ,OOO,OO0,000 Has
Been Expended to Date in
Great Struggle.
ANOTHER BIG CREDIT ASKED
Entry of United States into
Conflict Barely in Time
to Save Allies.

LONDON. July "a Moving in the
house Of commons today vote OF
credit for 65O,O00,OO0 pounds. the
largest war credit yet asked and
bringing Great liritain's expenditures
t. the colossal total OF 5.2y2,OOO,O
pounds, Andrew BOnar Law. chan
Cellor of the eXchequer. gave startling
figures OF the amazing growth OF
Great Hritain's financial burden in
the world war and emphasized from
the financial viewpoint alone the inn
portance of the United States enter
ing the war an insuring that the al
Hes would not be deprived OF victory
thru lack OF money.
Loans Enormous.
The house was astonishcd to learn
that Great lIritain's advances TO the
allies and dominions had already
reached the huge total of more than
one billion pounds. The daily war
expenditures, altho II shows "A sub
stantial Improvement over the fig
urcs given ON May ., when Bonar
Law asked for the last war credit,
stu approached seven million pounds
daily and exceeds the budget estimate
OF one million pounds daily but com
pairing the last seventy days with the
first 35 days Of the financial year.
the expenditure showed a reduction
OF a million daily.
Tribute To America.
In an interesting reference to tho
the United States, Bonar Law said;
when America entered the struB-
gle we realized that great change
had come over the allies financial
strength President Wilson was slow.
and In my Judgment rightly slow, IN
bringing his country TO the vortex OF
this terrible war, but having come In.
he has shown by his speeches In the
clcdrcst way that he is determined to
throw the whole weight of the nation
he heads into the scale am sure
that. althu naturally 1t takes time 70
make the financial arrangement
necdful in great war like TINS, the
president and the great nation he
represents viii deal in tins matter
with the same spirit OF generosity or
rather of realization OF what INC
whole issue means, as has been shown
by ENGLAND, and that we can rely ON
receiving from the United states, re
sources which are necessary to pay
ior the supplies of all kinds reduifeu
10y the allies In America
Looks To America for supplies.
have spent so freely of our resources
that those available In America hau
bccomc nearly exhausted when our
great ally entered the struggle ana
obviously the extent to which supplies
of all Kind can be obtained in the
United states will depend lhrseS
on the ability am sure OF the
good will-of the American BoNermhii
mont to meet the demands thot VIII
,.,l, nnnu hN the allies.
After REGINALD Mckenna. former
chancellor of the cNchcquer, spuhe
warning the government OF the apSo
Into necessity of Curtailing all un'
necessary expenditures to prevent th'
dangerous initiation of prices the gen
craI debate had no great interest th'
main feature being strong criticism
by John Dillon and uthers ol t"'
Saloniki expedition.
Mr Dillon, referring to rumors th''
Serbia was intending to make sep
uratc pcace with Austria and dcmanu
ing that the government say wheth'i
Serbia was to bc deserted, declare,
that the British army in Saloniki nae
been dcmorali2cd by eighteen months
OF maction in pestllental surrouh"
iuEs.
Lord Robert Cecil, minister o
blockade. replying. characterized MT
piuon's CHARGES IA absolutely untrue
lie said thcro was no intention what
ever of reccding from the pledges 4"
the full restoration OF and rcparauoi
for Serbia While declining To reNea
the governments plans he said III
would rcstato it's war aims.
Germany Chief Enemy.
austria is not our chief enemy
Germany IN and must he our chie
enemy. The broad principles we arr
lighting for are these: First W.
should stand by our allies second
We are fighting for stable scttlemeh
for a sound and satisfactory peace
not a conquest or mere domination
but on some national principle as IA
rs might be which would secure Una
settlement. When arrived at II shout
he free from change and ALTERATION II
tht future.
"Personally | wish to see how IA
President Wilson's proposals can b
made practicable for barriers agains
future wars The governments deSir
for the destruction Of German MN
tnrism is only part OF It's general pur
pose to secure lasting peace. II de
sires II only because 1t is the creates
danger to the future peace OF Eu
rope"
The war credit was agreed TO an
the house adjourned.