Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1917-10-31
BOnar LdU Asks
TUO Billion More
CONTINUED from Page one)
Average expenditure

CONTINUED From Page One)
Average expenditure
In the period from July % to Sep
TENDER %. the chancellor said, tn,
daily average expenditure of Grea
Britain tor war purposes was e6,414
900. He did not wish, however. thu
house to take too favorable a view o
the figures given, but wished to poin
out to so far as could be judged tn,
position in the second half OF the yea
from the viewpoint of lightweight ex
penditure would not be quite as ia
vorable as the first half. That wa!
mainly due to the fact that the gov
eminent had fixed the loan at pen
MES and had decided TO increase very
largely the pay of the soldiers anC
sailors. These items would add be
tween e40.00O,000 and e50,O0O,000 &
the deadweight expenditures in the ex
penditures in the second half of the
year.
The chancellor continued:
with regard to the increase in the
lightweight expenditure as compared
with the budget estimate, namely
C 43,500,00O, nearly the whole of il is
due to the increased expenditure by
the war office, which has accounted
for e39,000.0O0, leacing e450O.OOO di
vided equally between munitions anG
the navy.
Cause of Increase
1.-The chief cause of the increase is
to be found in the rise of the price
of commodities, the extent of the
forces were are keeping abroad-the
of men we have aborad has
increased since the budget estimate
was made; our aviation program
which has accounted for a consider
able amount by reason of increased
but not including airplanes
which come under munitions; the
larger number of Indian troops in
Mesopotamia; and, finally, the for
ward movement made by our troops
in Flanders. This has meant in
creased expenditure for more rail
ways, BRIGGS. etc. The gap between
what was our railway line of com
and the extent of our ad-
vance had to be filed by motor trans
port; the increased pay for this
during the half year to
G 5000, 900.
The National Debt
"On September 30 the national debt
stood at 100000 900. But from this
sum we are entitled to deduct the
amount advanced to our allies and the
dominions. This sum in the case OF
The allies was &1,100.000,000 and in
the case of the dominions e160,000..
300. We also are entitled to deduct
part of the gift of the government
Of India to the empire for the war.
The gift amounted to 100000, 900,
but of that amount something like
e14,000.G00 has been treated as reve.
nue. The Indian government, how
ever, has taken the responsibility for
The balance. The total to be deduct
ed, therefore. is 91,32s 100000.
THE national debt at the outbreak
Of the war e645,0O0,O0O; therefore
the debt due to the war is actually
billions"
Some Contrasts
Contrasting the British and German
financial positions. Mr.. Bonar Law
said the votes of credit totalling e4,-
100000 had been passed by the
reichstag, which did not include ad-
to Germans allies nor the ex-
penditure for separative allowances.
which were included in Great Brit
AIMS vote of credit.
Our war expenditure, therefore"
said the chancellor, SIS e1,700,000 less
than Germany's. Germans increased
war taxation has fallen short by ESQ.,
100000 of the interest on her debt.
While we cannot bear the strain in
definitely, it will not be want of mon
ey that will prevent us from winning
the war, because we can bear the
strain longer than our enemies"
America Thanked
81 am glad to be able 10 take this
opportunity of saying how much rea-
son. not only the British but all the
allied governments have for apprect
ating the very generous way in which
the United States government has
come to their assistance in financing
purchases in America" the chancel
lor. 1T is an open secret that until
America came into the war the meth
cd financing our purchases there and
the question of exchange were not
only serious problems. but, in my
opinion, almost insoluble problems.
The fact that America has given
generous assistance at times when she
was mourning expenditure at
heavier rate than any OF the allies,
believe it my duty to publicly &C
knowledge"