Through Revter's Agency.
London, Feb. 15. In the House of Commons this afternoon Mr. Lloyd George. Chancellor of the Exchequer, who was loudly cheered on riving, made an announcement concerning the arrangements made at the recent conference in Paris between the Ministers of Finance of Great Britain France and Russia. He emphasized that the recommendation of the two respective Governments committed us to heavy engagements.
This was the most expensive war that had ever been waged, in material, in men and in money. For the year ending December 31 next the aggregate expenditure of the Allies would be not far from spending considerably more than France and Russia, probably a 100- 150 million pounds more than the highest expenditure of the other two Allies. We had to recruit a new Army and maintain a huge Navy: we were paying liberal separation allowances to the dependents of the men who were fighting; we had to bring troops from the ends of the earth and had to wage war not merely in Europe but also in Asia im north and east and south Africa, Great Britain and France were the twa richest countries of the world and were the great bankers of the world. We were able to pay
Text read from the printed page and cleaned; old type leaves the occasional error.