He went on, however, to express misgivings as to the adequacy of the provision for rearmament. had Jearned from very rellable sources that, from the end of March, 1933, to the end of June, 1935, there was fan increase in the German public debt of a minimum of 7,000,000,000 marks, to which must be added the yield from increased taxation amount ing to a further 5,000,000,000 marks.
Therefore, Mr, Churchill said, the minimum expenditure for 24% years overcurrent budget expenditure was 12,000/000,000 marks. Moreover, in that period, capital expenditure in Germany (other than for residential buildings) amounted to no less than 24,000000,000 marks, and as a veto prevailed on expansions of private plants for purely economic purposes, this expenditure might be regarded almost exclusively devoted to warlike preparations.
Mr. Churchill explained that these figures were obtained from German official figures of capital expenditure.
The German national income, he asterted, increased from_1,200,000,000 marks in 1083 to over 11,000,000,000 marks in 1035, That was exactly what would be expected from restarting. the armament industry. [These figures made the total since Herr Hider came into power nearly 20000,000,000. marks, in the elreumstances, Mr. Churchill sold he was more than justified in making the startling statement that '£600,000,000 was spent by Germany in 1935 alone on warlike preparations a most prodigious, disturbing and Slarming figure, which he challenged the Chancellor to contradict—Reuter.
The battleships Arkansas, Wyoming and Oklahoma will leave Annapolis on Sune 5 for England, on a midshipmen's cruise, the Navy Department The cruise will be commanded by the naval aide to President Roosevelt, Rear-Admiral Wilson Browne.
London, Apr. 23, Asked in the House of Comm whether the Dominions had been cot sulted regarding, and had approve! the Government's policy respestig mandated territories, and its will hess to consider the transfer of sunt of them. on. certain conditions, Prime Minister (Mr. Stanley Balt win) replied that the question indi ted a misapprehension, The Govery ment had frequently stated that the hiad not and were not considering a transfer at all.
Tt followed that consultation wit the Dominions had not Wireless through Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.