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Show WAR IS COSTING MANY BILLIONS Russia Is Preparing to Increase Its Issue of Paper Money. Petrograd. Aug. 31, via London. Sept. 1, 7:55 a. m The finance committee com-mittee of the Duma presonted a bill today extending tho rights of the state bank to issue paper money. The committee report said the entire problem prob-lem of meeting war expenses, stating that the sums needed were so largo that all possible sources of revenue must be used taxation, internal credit cred-it operations, an Issue of paper money, mon-ey, and foreign loans. "For 1915," tho report stated, "the estimated war expenses are 7,242,000,-000 7,242,000,-000 rubles ($3,621,000,000) and other expenses, 2,817,000.000 rubles ($1,-423,500,000) ($1,-423,500,000) making a total of over 10,000,000,000 rubles ($5,000,000,000.) "The revenue from ordinary receipts re-ceipts is estimated at 2.796,000,000 rubles $1,39S,000,000) whilo credit operations up to the present time have yielded 4,181,000.000 rubles ($2,-090,500,000) ($2,-090,500,000) leaving over 3,000,000,000 rubles ($1,500,000,000) yet to be provided. pro-vided. "The government must prepare the ground for another important loan in foreign markets to pay for material purchased abroad, but In view of our agreement without allies there is no doubt of our success." Regarding tho proposed development develop-ment of tho issue of paper money, the report said: "Compared with other nations Russia Rus-sia holds tho greatest cover In gold for her paper money, with the possl-blo possl-blo exception of Great Britain," t Minister of Finance Bark, supporting support-ing the report of tho committee, said that in spito of the exploitation of internal in-ternal credit to a degree hitherto unprecedented, un-precedented, amounting to a total of over three billion rubles, Russia dob-seseoB dob-seseoB immense reserves of savings, of which the government intends soon to make use. The government is increasing in-creasing the number of savings banks, amplifying and -facilitating their use by the people oo |