12 MARCH 1927, Page 2

The Air Estimates show a reduction of As it is

proposed to increase the strength of the Force during the year by approximately six squad it may be fairly concluded that Sir -Samuel Iloarr spending his money wisely. Of course, there has the usual crop of gloomy predictions about the 64' cutting down the Services. • But in this matter, i1. avoid one kind of risk you accept another. It is I' only a case of choosing between risks. It seems 0 that it is better to bank on the probability that I will be no large war for a- long -time, and to our financial resources. is one of the principal in the Great War. After all, accumulated wealth means of defence—as we found

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