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Show FINANCING THE WAR, " Premier Asquith's most significant announcement, in his addrefss before the house of commons yesterday, was his admission that the finances of the British empire arc in a serious condition. This does not mean Great Britain is bankrupt, but points to the growing difficulty diffi-culty of establishing a credit with which to carry on the war. England Eng-land is supplying finances for France, Italy, Russia and Serbia and the strain is increasing with each month. The outlay is not figured by hundreds of thousands, but by millions and billions of dollars. The total is so large as to stagger the richest of nations. England is not self-supporting and therein lies Britain's greatest j weakness. A credit of half a billion dollars had to be established in I the United States, after millions of dollars in gold .and securities had I been shipped across the ocean, and another half billion may be necessary neces-sary within the next six months. |