Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-10-25
Allies Saved From Premature Peace
BY Action of United States, Says Page

f78.472, 900; to Italy, f47. 100 900; TO Bel.
GUM, including Kongo, fS.035 900; to
minor allies, f3.545, 600. Total, fl93,-
$40. 900 sterling.
Advanced by United States 90
Great Britain) $4,000, 900, Ito Rus
sia) nil, Ito Italy) 100000, 600: Ito
Belg!um) S15.000,0O0, (to minor
allies) S2.000,000; total, S427.000, 900,
equals pounds sterling, 9o.OOo,o0O.
The advances by the United
States equal. roughly. 100000, 600
against the advances by the United
Kingdom of nearly Gl94 900, 900.
0Oo. but it is understood that she
has not yet received any cash in
stalments. For Belgian relief total
amounts promised $4,000. 900. Serbia
total amount promised $4,000
The chancellor OF the eXchequer
gratefully acknowledges that the
United States Treasury have adj
vanced $6S6,000,0O0 10 this country
in addition to the above sums 10 the
other allies.
But he invites Mr.. McAdoo's par
ticular attention to the fact that
ever since America came into the
war the financial assistance afforded
TO the other >llies by the United
BILE the assistance afforded them by
the United States, and that the
assistance the United Kingdom has
afforded these other allies much eX-
ceeds the assistance she has her
self received from the United States.
OBJ The United States Treasury
have so far limited their assistance
to expenditure incurred by the allies
within the United States, rightly
i-{y lat
wolves much less onerouS burden
than financial assistance abroad.
The United Kingdom have been I'M
able to adopt this attitude toward
their allies. but have supported the
burden of their expenditure in all
parts of the world. Without this
support the allies would have been
unable to obtain the supplies of
food and munitions which have
been essential to their prosecution
of the war.
To such an extent has the above
been the case that up to the pres
ent time, the United Kingdom is
still financing the expediture of
Russia in the United States.
British Expenditures.
(C) The total expenditure out of
the British exchequer between April
/, 1917, and July IA, 1917, amounted
to ES25, 100000 sterling, of which
pounds sterling 9131 .245,0 was met
from loans raised in the United
States. Both these figures relate to
expenditure and income brought to
account out of date fourteenth.
I'D The financial burden upon the
exchequer OF the United Kingdom did
| not begin, however, on April l last.
The total expenditure between April
!, 1914. to March 81, 1917, amounted
to 1882, $4,000 sterling, which. add
ed to the expenditure of fS25, 1O9, 900
sterling since April /, 1917, makes a
total expenditure of f5,161,471, 900
sterling. 1t IS after having supported
an expenditure of this magnitude for
three years that the United Kingdom
ventures to appeal to the United
States Of America for sympathetic
consideration in financial discussion,
where the excessive urgency of her
need and the precariousness of her
position may somewhat impart a tone
Of insistence to her request for assist
ance which would be out of place In
ordinary circumstances.
A statement Is appended at the end
of this note for Mr.. McAdoos in
formation showing precisely how this
sum of $4,000, 100000 has been
financed up to date. The proceeds of
the overdraft in New York are in.
cluded under the heading Of the
ways and means advances. This
statement included several particulars
which have not been communicated
to Parliament and is to be regarded
like all the other figures cited in this
| note. as being only for the confiden.
tial information Of the United States
Government.
Operations i'm New York.
E) The following statement shows
the expenditure and receipts of the
| British government in New York from
April l to July ii, 1917:
| Payments out of the treasury &C.
count in New York for the purchase
of commodities and interest due,
| $602, 900 900.
| Purchase of exchange (e. e.. the
| cost of all wheat purchases for alliesl
is included in this figure ALA durine
| the greater part of the period in
question, $4,000, 00O-total, s1,131..
000, 900.
| Loans from United States Govern.
ment. $685.. 900 900.
| British treasury notes (sundry mn.
nitions contracts), $4,000, 900.
| Repayments by French and italian
governments. s134 ,0OO, 900.
| Gold, $246 900 900.
| Sale of securities. SIS. 000. 900: mis-
cellaneous. $19,000,000; total, $1,169..
900 900.
CD It will be seen from the preced
ing statement that gold and securi.
/ Al