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Show ENGLAND PAYING DEARLY FOR mm IN WAR London, May 4. In tho house of commons today, David Lloyd George, chancellor of the exchequer, Introduced Introduc-ed his second war budgot, the first having been presented in November, to tide over the Interval until the end , of the fiscal year. Vast as were the figures presented by the 'chancellor today, It will In all probability, bo necessary to intro duce a supplementary budget six months henco. Mr. Lloyd Georgo said that If the wnr should last six months instead of a year Great Britain's estimated expenditures would bo 970,458,000. Mr. Lloyd Georgo estimated that tho total rovenuo for tho year 1915-16 would bo 270,182,000. This Is an Increase In-crease of JC43,C38,000 over tho total of last year. On the basis of a six months war the chancellor continued, expenditures expendi-tures for war-rtpart from advances to tho allies of Great Britain would rise to 2,100,000- dally and tho not deficit de-ficit would bo 514,34C,000. On the basis of a 12 months wnr tho deficit would bo 082,332,000. "That Is tho sum the country will havo to raise In addition to tho gov- I ernment's revenue during tho course I of tho present year," ho said. I Tho chancellor gavo an Indication I of tho colossal expenditure ho had to I provide for In his opening sentence I "Up to tho end of the financial year," I ho said "tho net cost of tho war has JB been over 307,000,000. 5kv Ho believed a review of tho flnan- clal situation would help tho public to understand tho Immensity of tho task undertaken. |
