New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-03

anticipating In increase. have withheld
supplier with the intention OF pocket
ing the naturally increased price.
Several OF the chiefs Of the amuso-
ment world expressed themselves
gloomy to-day regarding the IN
creased 'aN. some anticipating tha'
many shows would be compelled on nc.
count Of D.: GO close down IN July ana
August. But If the theatrical boom OF
the past year Is any criterion. ths
small increase is unlikely 20 ahec'
cuisines, 20 any serious degree. FROM
the government standpoint the beneh'
Of this tas has been that It yielded iai
more than anticipated and proved
strkingly easy Of collection.
Among members Of Par!iamen, the
statement seems 20 have produced two
conclusions. firstly. that the amount oil
expenditure justiies the strong move
ment now in progress 20 have power
ful House OF Commons committee audl
the sums going ont from all depart
mcnts. and. secondly. that II IL not a
budget framed for a war that "a likely
to last great deal longer
Expenditures Our Estimate
I'm openinc his speech Mr.. Law s
first allusious were to the expenditure
which. he said, had been IN actuahty
II $50. 100000 higher than the est
mate. The increase was largely due TO
expenditure on munitions and ad-
vances 10 the Allies and Dominion
Tho estimate for the Allies and DO
minioEs had been exceeded by S9O0'-
600. 600. but he was glad to say the
Dominious had not only the VIII nut
the mower 10 supply so much from
their own resources that there was no
increasing strain on the BRUSH eN-
cheoucr during the last hnancial year
loans 10 the Allies had been 81. :OOO,
coo. aud 20 the Dominions S2fO'ooU'ooo'
Mr.. Law said the total estimated eH-
peuditure this year would he - '4ol'-
905. 600 The daily expenditure ne eS-
tin sted az S3l 10000.
Mr. Law estimated that the add
tional yield from the excess prohis va"
would amount 30 $l00.000,0O0.
Asserting that the entry OF the
United States into the war had altered
the financial situation, he said:
Leaning on America
I've knew that. to the extent Of heI
abilities. the government OF the United
States would help US to bear the imam
cial burdens Of our allies. In the vote
of credit Tor the present year ! pun
down $1,000 100000 for loans TO our al
lies and the dominions. $3.50. 100000 less
than last year, and | hope this amount
will not be required
The Chancellor estimated the tota'
revenue for the year at S3,l4S,OOO O0o
leaving $3.50, $685. 900 to be covered ~
loan.
Want of money will not prevent u,
from winning the victory, declaTeo
Mr. Law. FOR We know We can hold out
longer than our enemies
The Chancellor also considered the
postion regarding the floating deot as
satisfactory. the total amount OF Treas
urv bills outstanding being only S2,Slo.-
100000
Very little criticism Of the Cbancel-
lor's statement was heard IN the subse-
ouent debate. Reginald Mckenna, ne
former Chancellor. congratulated Nj
Law on the ability and lucdity Of his
statement and its disclosure Of the
immense magnitude of Great Britain
gigantic resources, and the courage OF
the people in meeting the financial
strain.
Abiding to Nh Laws good fortune
in being relieved b. the entry Of the
United States from the difficult task OF
maintaining American exchange, Mr.
NcKeuna suggested that now America