Show j COST OF MODERN WAR J X 0 military of orent great britain are much larger now than 4 they were in 1812 at tioila ti iiLA at ik ae ste atut aw t K at tik so sn far as government borrowings are an indication says the now york evening post tho the annual cost of the boer war to great britain has been nearly double that of the wars against napoleon years ago in the period 1792 1802 when england as fighting lighting incessantly an n almost every corner conter of the globe and was in addition subsidizing halt half a dozen tal states the principal of the british debt increased an average annual Iner tase of Ilet between weAn 1802 and 1815 a period which cohered the spanish campan the american war and waterloo thu the debt increased oil an annual average of loan lans raised by the exchequer during the two years following the boer var outbreak in october 1899 toot foot up they include the 30 war loan of 0 1000 and two issues of X exchequer bonda bonds in ih the same year 9 60 consola in 1901 and exchequer bonds the above list does not include the temporary treasury bills issued in 1899 2899 an ani 1900 or ahto of the ame same bills issued after the condoll 10 loan of 1901 and still outstanding neither doea does the above list incite 0 o loans issued by the exchequer for other than war purposes it will appear therefore that chat disregarding the amount raised rats ed by increased taxation in this war or in the Napo napoleonic leonle contest the boer war has rost cost the british government in tn average of per annum in loans against an average annual cost of 0 to per annum in the napoleonic contest the much greater cost of supplies ammunition transportation and und equipment 1 as con compared pared with sith 1803 1802 and the fact that there have been ana ire are still more british soldiers under arms in south africa than were commanded by wellington in 1815 account tor for the heavier outlay it roust must however be remembered that the british war var loans of the napoleonic con le period were issued at very neavy discounts beina put out at prices as low as 60 and with interest aa high as 6 per cent lent whereas the lowest price of the recent loans has been 94 for a 2 per cent loan thought thoughts will deface the most charitable actions |