plunged ten thousand fathoms deep, for now I come upon the following:
"The total national expenditure for the three years to August 4th, 1917, is approximately £5,150,000,000, of which £1,250,000,000 is already provided for by taxation and £1,171,000,000 has been lent to our colonies and allies, which may be regarded as an investment." Having written which I lay down my pen to think, and, giving it up, hasten to record the next fact.
"The normal pre-war taxation amounted to approximately £200,000,000, but for the current financial year (1917-1918) a revenue of £638,000,000 has been budgeted for, but this is expected to produce between £650,000,000 and £700,000,000." Now, remembering that the cost of necessaries has risen to an unprecedented extent, these figures of the extra taxation and the amounts raised by the various war loans speak louder and more eloquently than any words how manfully Britain has shouldered her burden and of her determination