WAR AND BANKRUPTCY.
Lord Lorehurn has just stated that if Europe floes not modify its pace it will end in European bankruptcy. Writing in the “llinnaTiite.” At. Com-pere-Morel , basing hm statements on the work of famous economists, says it is admitted that the cost of the maintenance of- each soldier amounts to about 8s 9d per day. Great Britain. Franco, and Russia having 10,000,000 men under arms, lie says, and Germany and Austria 10,000,000, there is, therfore, a daily cost of .£8,800,000. Adding to tin’s sum .£400,000 as the cost- of the Belgian, Servian. Turkish, and Japanese armies, the daily total, of .£9,200,000 is readied. This makes a total of £2 200,000,000 spent in eight mouths. With the addition of the material losses sustained in Belgium and East Prussia, -commercial, and maritime .losses, and the productive capacity of the men • who have fallen on the battlefields, he estimates, in conclusion, that the war liad up to April cost £/>,807,000,000:
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Gisborne Times, Volume XLV, Issue 3999, 4 August 1915, Page 2
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159WAR AND BANKRUPTCY. Gisborne Times, Volume XLV, Issue 3999, 4 August 1915, Page 2
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