New Britain herald., 1918-06-19

| llausted his own"
 [ The reference to America were ! loudly cheered
 i MT. Ronar Law said he also wished 1 it were possible to attract the general notice of the country and tabulate in ] some way the work of the air servico : There was no branch of British ef- 1 fort in the war of which the people | had greater reason to be proud. It 1 had played through ont a magnificent 1 part, not only in assisting the British ] troops, but n helping Italy. and espe-
 cial1y the French, In their long strug- : gle.
 Tie submarine menace 3 year ago 1 appeared to be the greatest danger | the Allies had to cope with Mir. Bonar i Law confinued. and was regarded by 1 the Germans as . means to victory l All that was now changed. The ship 1 ping figures, which would be. pub ] 1ished this week. would show that the worlds ship construction for the first ] time exceeded the destruction. There 1 was no chance whatever. SC far as , human foresight could divine. of the ! country being starved into subn1is-
 sion, and that consideration had an l important effect on the military posi- l ton,
 
 1 the unending streala ,of American 1 troops coming across the water, and 1 said it would continue until the whole i nan-power of AnIe rica. if necessary, would be thrown into the srale, What 1 had already been done and had been arranged for showed clearly that the l extent of American military co-oper~ ation on he battlefield of France 1 would not be limited by transport, but 1 only by the number of trained mon ] available That was the great fact of the present year and thus had the German hope of nullifying American l help in the war been a mistaken hope i Expects Further Activity On West A'luding to the present Hull on the western front, the Chancellor pre- ] dicted that it would turn out to be only the lull preceding a hurricane. But he had the greatest confidence { in the moral courage of the allied and 1 American troops and their readiness l to face what was coming, despite all they had suffered and endured. Their morale had never been higher Those responsible" he said In conclusion look to the future with out alarm. If three months henco none of the strategic objects which I have indicated has been attained by the Germans, then their campaign will have failed, and, despite their previous victories. will prove to be the most disastrous campaign in
 which they have engaged.
 The future of our country and of the world depends upon the next few weeks. But I have confidence that our soldiers and those Of our allies will not fail us"
 z~s $3424O,OGo Daily Cost. Speaking on the vote of credit
 which he asked. Mr: Bonar Law said that Great Britain's daily average ex- penditure during the current financial quarter was E6 84S. 900, The present vote which would bring the total war credits To f7.342, 100000, would cover expenditures until the end Of August. The debt due Great Britain from her allies was fl, 1,370, 100000, MT. Bonar Law said, while the Dominions owed f206, 6,000,0o0, Regarding such loans it was impossible to make any accurate estimate for the financial year. but there was a reduction undes this head as compared with the esti- mate for the period under review, which was f16.160O00.
 An analysis Of the expenditures for
 sixty nine days ended June showed
 that, while the estimated expendi-
 lures for that period had been
 f4S2, 2,Oo0,oOo the actual expenditures
 had been f472, ,5oO,OOo. There was a
 din?inution of expenses below the
 estimate for four of the fighting
 forces-arnly, navy, munitions, and
 the air. This diminution amounted
 to f15, 5,2Oooc0. of which f13.500,oo0
 was on the Admiralty account. Of the amount, 0,O00.000 was due to
 the expenditures for. merchant ships
 being below the estima te, which was
 formulated for the whole year and which he hoped would be realized.
 Tho Munitions Service showed q
 reduction of f6,OO0,000, due to sini-
 lar causes. The expenditures for
 the Air Service, as in the case of
 shipping. would not make as great
 demands over this period as for the
 whole year, and there was at pres
 ent a reduction in the expenditures of the air force of f4 900. 900. There was an increase in the army appro-
 piation of f9.0O0O0O. of which f6,-
 100000 was due to the rationing de-
 partment, the strength of the army
 during the period just elapsed being above the average estimated for the year.
 Mir. Bonar Law estimated that the daily expenditure was f6.9S6, ,000, i against the daily average during the financial quarter of f6.S48,00o.
 While it would not be safe to rely 1 On this proportion through out the 1 year." he said, T consider that the 1 estimate in this case might he. taken 1 as an indication of the general posi- 1 ton. Trere is less likelihood of 9 !