§ 19. Mr. Dayasked the Prime Minister whether he will give particulars of any reports he has received with reference to the annual or gross amounts being spent by Germany on armaments; and has he any information which he can give as to the manner in which Germany is financing this programme?
§ Mr. ButlerFor some years past no figures have been published regarding German expenditure on armaments, and I am not, therefore, in a position to give any particulars on this subject.
§ Mr. DayCan the hon. Gentleman say whether his reports show that this expenditure is met by internal borrowings or by subsidies on exports?
§ Mr. ButlerI understand that, so far as the programme is not financed out of revenue, the expenditure is met by bills.