£900,000,000 Costs London, Nov. 7.
To be announced either this week in the form of a White Paper or next week in the course of House of Commons debates; Great Britain's new defence programme will require the expenditure of about £900,000,000.
This huge sum will be the aggregate outlay for three years, starting with the 1939-40 fiscal year, it is understood, The scope of defence measures ulti-involved the expenditure of £1,500,- 000,000, it is understood, According to reliable reports, this figure has already been surpassed by avent £100,000,000 in the execution of the scheme.
It is apparently the Government's intention to have the next programme covered exclusively by loans and not new taxation. The greater part of the new credits will be devoted to the Air Force, it is also learnt, for ihe Admiraltys appropriations are practically sufficient to cover needs, The Army. and the civilians' protec: tion organizations will not require much expenditure.
Text read from the printed page and cleaned; old type leaves the occasional error.