26 FEBRUARY 1916, Page 2

In the House of Commons on Monday . Mr. Asquith moved

a VOte" of 'Credit for £420,000,000. He explained that the total Votes of Credit since the beginning of the war, including the Vote now proptioed, would amount to 11,782,00,000. Out of the sums already voted•there was L102,000,000 in hand. .That was enough to carry on the public service. till March 10th at the rate of £5,000,000 a day. The public expenditure, however, had not reached the £5,000,000 a day which he had estimated. Since the early days in November the war had been costing between £4,300,000 and £4,400,000 a day. Br: in this amount there was not included any payments to the Bank of England in respect of advances made by the Bank to various Powers.