19 JUNE 1915, Page 2

In the Commons on Monday the Finance (No. 2) Bill

was read a second time without discussion. This result was quite accidental, though the No. 2 Bill is formal and technical. Private Members expected Mr. McKenna to open the debate, and Mr. McKenna waited on the private Members. Mean- while the Speaker declared "The 'Ayes' have it." Subsequently Hr. McKenna pointed out that the Finance Bill of the year provides for only a quarter of the year's expenditure, and that some form of borrowing will be necessary. He added that the beat opportunity for a financial debate would arise, after all, when the whole finances of the country could be surveyed.