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Show 'BILLIONS NEEDED FORTHECONFLICT London. April 2f Lloyd-George's taxes on beer, wines and spirits pro posed this afternoon, represent social, not financial legislation Ho anticipates antici-pates from It about $15.000 000 increases increas-es in revenue, but this is insignificant compared with present war cost, the chief purpose of these proposals bo ing a reduction in the consumption of heavy intoxicants. Lloyd-Georges important financial statement comes out on Tuesday. He will then show the nation s normal expenditures ex-penditures for the year ending next March at about ?1 035,000,000, but tho war is costing over f3,250,OOX),000 annually an-nually so far If the war continues a full year he will need over $4,300,000,000. Normal revenue for tho period is estimated at about $1,375,000,000, leaving leav-ing 12,226.000,000 required Against ithis total the government has now iis leash balance, and also a steady in-Icome in-Icome from the sale of treasury bills. Lloyd-'ieorge's plans remain an ab solute secret, but he may elect to present pre-sent a budget for six months onh, instead in-stead of for the full year, thus simpli-tying simpli-tying his problem and allowing scope for modification of the policy six I months hence according to the theu existing military and financial condi- j tions. |