by the House, and accordingly the votes of credit
for 1914-1915 were for the amounts required beyond
the ordinary grants of Parliament for the cost of
military and naval operations. When we came to
frame the estimates for the ensuing year, 1915-1916,
the Treasury was confronted with the difficulty, which
amounted to an impossibility, of presenting to Parliament
estimates in the customary form for navy and army
expenditure, apart from the cost of the war. All
the material circumstances have been set out in the
Treasury minute of Feb. 5, and in principle have been
approved by the House. As the committee will
remember, the total of the estimates which we have
presented for the army and the navy amount to only
L15,000 for the army and L17,000 for the navy, and
the remainder of the cost of both these services will
be provided for out of votes of credit, and the vote
of credit now being proposed provides for general
army and navy service in as far as specific provision
is not made for them in the small estimates already
presented. This vote of credit, therefore, has
two features which I believe are quite unique, and
without precedent. In the first place, it is
the largest single vote on record in the annals of
this House, and, secondly, as I have said, it provides
for the ordinary as well as for the emergency expenditure
of the army and the navy. The House may ask on
what principle or basis has this sum of L250,000,000
been arrived at. Of course it is difficult, and
indeed impossible, to give any exact estimate, but
as regards the period, so far as we can forecast it,
for which this vote is being taken, it has been thought
advisable to take a sum sufficient, so far as we can
judge, to provide for all the expenditure which will
come in course of payment up to approximately the
second week in July—that is to say, a little
over three months, or something like 100 days of war
expenditure.
As regards the daily rate of expenditure—I
have dealt hitherto with the expenditure up to March
31—the War Office calculates that from the
beginning of April, 1915, the total expenditure on
army services will be at the rate of L1,500,000 per
day, with a tendency to increase. The total expenditure
on the navy at the commencement of April will, it is
calculated, amount to about L400,000 per day.
The aggregate expenditure on the army and the navy
services at the beginning of 1915-1916 is therefore
L1,900,000 per day, with a tendency to increase, and
for the purpose of our estimate the figure we have
taken is a level L2,000,000 a day. On a peace
footing the daily expenditure upon the army and the
navy on the basis of the estimates approved last year
was about L220,000 per day. So that the difference
between L2,000,000 and L220,000 represents what we
estimate to be the increased expenditure due to the
war during the 100 days for which we are now providing.