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Show 5 CHAMBERLAIN SCENTS NATION'S BANKRUPTCY 3 LONDON, Aug. 7. (By the Associated Press.) 'It we continue spending at the 1 w rate we are now, it will lead straight to ' national bankruptcy," was the strong w warning J. Austen Chamberlain, chan- ( cehor ot" the exchequer, gave the house of commons tonight. I ' "If we cannot increase production," he r!f continued, "we shall go straisht to na-tional na-tional bankruptcy. Neither increased pro-v.: pro-v.: dtution nor reduced expenditure alone t, will be sufficient. We have got to do ' both if we ar to pull through and turn the corner. The balance between oxptu-V oxptu-V oiture and revenue is definitely and serial seri-al ously less favorable than when I made T- my budget statement. Both sides of the ; t account are failing to realize expecta-tions. expecta-tions. "The delay in the conclusion of peace ! r involved greater naval and military ex-p ex-p penditure, and one or two new blocks of C expenditure have been sanctioned." |