While everyone speculates as to the total cost of the war in all tions and the effect of the financial drain in shortening the conflict jerome important facts were supplied by Mr. Lloyd George, Chancellor of the Exchanger in a statement 02 September 8. Up to September 5 Great Britain had spent, £26,500,000. Therefore the war had cost about five and a quarter millions a week, including the very expensive and non-recurring mobilization period, or at the rate of £285,000,000 a year. The unspent balance of the hundred millions vote was on September 8 over TI} million pounds, and in view of the completion of the mobilization the rate of expenditure should not continue to be nearly as great s it has been. "In my judgement Mr. Lloyd George continued, "the last few hundred millions may wit this war. This la my opinion. The first hundred millions our enemies {an stand just as well as can, but the last they cannot; therefore I think cash is going count much more than woe possibly imagine at the present moment. We have won with the silver bullets before. We financed Europe in Breatest war we ever fought, an¢ that is what won. Of course British tenacity and British cocrast always come in, and they elwsy but let us remember that British cash told too."
Text read from the printed page and cleaned; old type leaves the occasional error.