§ Sir F. WISEasked the Chancellor of the Exchequer if he can give the highest and lowest rate of exchange between this country and the United States in the last six months?
Mr. GRAHAMThe highest cable transfer rate was 4.39½ on the 22nd April and the lowest was 4.21⅛ on the 21st January last.
ESTIMATED DEFENCE EXPENDITURE. —— United Kingdom* (1924–25). Canada (1923–24). Australia (1923–24). New Zealand (1923–24). South Africa (1923–24). Military £47,028,000 $14,036,000† £1,966,800 £317,700 £760,000 Per head £1 1s. 1d. $1.54 6s. 10d. 5s. 0d. 2s. 1d. Naval £56,505,200 $1,516,000 £2,500,900 £338,700 £72,000 Per head £1s. 5s. 4d. $0.17 8s. 8d 5s. 4d. 2d. Air £18,472,400 $1,250,000 £422,900 £20,600 £103,000 Per head 8s. 3d. $0.14 1s. 6d. 4d. 3d. Ministry of Defence (unallocated) — $763,000 — — £143,000 Per head — $0.08 — — 5d. Total £122,005,600 $17,565,000 £4,890,600‡ £677,000 £1,078,000 Per head £2 14s. 8d. $1.93 17s. 0d. 10s. 8d. 2s. 11d. Population 44,601,000 (30th June, 1923). 9,116,000 (1st June, 1923). 5,762,000 (31st December, 1923). 1,272,000 (31st March, 1923). 7,176,000 (1923). * Including Middle East:—Military £1,132,000 Air £3,709,000 £4,841,000 † Including $4,000,000 Militia Services demobilisation. ‡ Including £400,000 estimated to remain unexpended at close of year.