Sir John Simon Says Savings System Now on Trial London, May 8.
The Chancellor of the Exchequer, Sir John Simons, declared yesterday that the Government would not hesitate to adopt a compulsory lending plan if the voluntary system fails, "The voluntary system of savings for war is now on trial," he declared. "N we find ourselves with our backs to the wall and the danger of being overrun and enslaved, there is n> burden we will not assume for the purpose of winning the war, including compulsion in every form....We are convinced our present duty is to give the voluntary method full scope and encouragement."
Regarding the criticism that the proposed war expenditures £2000000000 are inadequate, John said, "We put no limit whatever upon our expenditures for winning this war. At all costs we must exert our maximum possible effort."—United Press, British Navy High Command Change London, May 8.
Lord Chatfield, completes five years as Admiral of the Fleet today. Admiral Sir Charles Forbes will be promoted to Admiral to the Fleet, in succession of Lord Chatfeld, and Vice-Admiral Sir Dudley North will Be promoted AdmiraL—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.