Mr. Lloyd George declared that the annual income of the country at the present time totalled £2,300,000,- 000 whereas during the time of the Napoleonic War it waa £250,000,000.
we rose to the heroic level of our ancestors we should now be raising almost £700,000,000 a year. The war might be long or short, but we were fighting an enemy who would submit on no terms we could accept (cheers) or on no terms we could prudently accept without a smashing defeat. A wise Chancellor must estimate on the longer period.
The Chancellor dwelt on the advantages British manufacturers would enjoy in neutral markets during the war, but emphasized that serious position would arise at the end of that period and, consequently, the nation must raise as much money as possible during the ood period. It was a time of fice. People who could not give their lives were anxious to assist, am@hhe did not believe that any would gfadge a fair share of his possessions.
Text read from the printed page and cleaned; old type leaves the occasional error.