§ Mr. GROVESasked the First Lord of the Admiralty the naval expenditure for 1924 in Great Britain. France, Germany, Russia, and the United States?
Mr. DAVIDSONThe estimates of expenditure for the year 1924 (or 1924-25) are as follow:—
Great Britain.—£55,700,000 approximately.
France.—Fcs. 1,168,962,125.
Germany.—RM. 104,263,060 (net expenditure=R.M.102,464,660).
United States.—$322,132,020.
Russia.—No figures available. As far as is known, Navy Estimates are not published but total Army and Navy Budget is understood to amount to 407,250,000 gold roubles.