National Affairs: Armament Limitation

The military expenditures of the United States, England, France, Italy will be well over a billion dollars this year:

England . . . . . . . . . . . . .$469,043,784

France . . . . . . . . . . . . . . . 405,000,000

United States . . . . . . . . 251,250,231

Italy . . . . . . . . . . . . . . . . . . 150,000,000

The expenditures do not, however, indicate relative military strength, because of the difference in pay between the different...

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