OCR Text |
Show b 124 Billion Is War Bill Of U. S. for Three Years WASHINGTON. The United States has spent $124,000,000,000 for war purposes since the start of the defense program July 1, 1940, the War Production board reports. The total includes expenditures to September 1. Expenditures in August were $7,529,000,000, a 12 per cent increase over July but 2 per cent under the outlay in the peak month of June. WPB said the daily rate of expenditure ex-penditure for war purposes in August was $289,600,000, based on the 26 days in the month on which . checks were cleared by the treasury, i The figures cover checks cleared by the treasury and payable from war appropriations, plus net outlays of the Reconstruction Finance corporation corpora-tion and its subsidiaries. |