The sun. [volume] (New York [N.Y.]) 1916-1920, 1917-07-25
BRITAIN VOTES
S3,159,OOO,0OO
Chancellor Bonar Law Asks
Nation for Record War
Credit and Gets 1t.
Special cab,. D..pa,cA 10 Tar sry

LONDON July 24--The House OF
Commons tonight. following cold
sober statement OF the financial con-
dition of Great Britain. voted a credit
to the Government OF f65o.OOo. 900,
which, in American money, Is about
3,159. 200. 900. When this enormous
sum had been voted for the purpose of
carrying ON the war the Commons ad-
journed in the face of the fact that a
two day debate had been predicted over
the measure.
There was an absolute absence of
anything dramatic in the presentation
by a. Bonar Law, Chancellor OF the Ex-
chequer, Of the new credit. which was
the largest sum ever asked by British
statesman In the history Of the empire.
He merely gave to the legislators the
bare facts and pointed out the necessity
for this enormous draft upon the treas
ure of the nation. The credit is the
nineteenth since August Of 1914 and
brings the war total to date up to
$500. 900 or S26,T1s. .ooo. 900.
Daily Cost soon S4O,OOO,OOO.
The Bonar Law speech was followed
by one from Reginald McKenna, former
Chancellor Of the Exchequer. in which
he said that before the end OF the year
the daily expenditures of Great Britain
for carrying on the conflict would prob
ably reach the sum OF s4o,Ooo,oo
Mr.. Bonar Law declared that the un-
expended balance from the last vote
amounted 10 fss,000,0o0 and that the
average daily expenditure had exceeded
the budget estimate by a million pounds
He said he regretted to state that. in
spite of Americas entry into the war
England's advances to the ALLIES and to
the Dominions had steadily increased.
ut would not be surprising" he said.
'if great increase will have TO be made
In the average expenditure. This ter
rife strain cannot be borne with forti-
tude even by England for an indefinite
period. but II is a certainty that Britain
Is better able TO bear the burden than
her enemies.
Even Britain alone could beat her
greatest adversary in financial matters,
but with the aid OF America II is n GER
tainty that the war will never be lost
for lack of funds"
He said that for 112 days the average
British expenditures had been f6,7s5,-
600 034,O23.7OO) a day.
Counts ON Americas Generosity.
I'VE hold, however" the Chancellor
continued, that the Apies are one. and
that money spent on our allies is money
spent on ourselves The burden that we
assume Is of great dimensions and one
which we can claim as evidence of un-
selfishness and that We are not hghting
for ourselves alone.
Il am satisfied that President Wilson
and the great nation he represents will
deal with this question In the same spirit
OF generosity. realizing that the cause of
the Allies is one"
"Indeel It is an open secret that we
had spent 30 freely of our resources that
those available In America had become
nearly exhausted when our great ally
entered the struggle. and obviously the
extent to which supplies OF all kinds can
be obtained in the United States will
depend largely on the abillty--for l am
sure OF the good will--of the American
Government to meet the demands that
will be made upon It by the Allies"
The total advances to allies and
Dominions of Great Britain were fl ,025,-
100000 Mr.. Bonar Law stated, while
the total advance to the Dominions was
E146. 900 900.
Reginald McKenna, former Chancellor
of the Exchequer who followed Mr..
Bonar Law, said the figures which the
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