Foreign News
In the report of the Committee on National Expenditures, headed by Sir Eric Geddes, which was issued on February 10, it is stated that a reduction of £175,000,000 must be made in the expenditure for 1922-23. Of this sum it is recommended that a reduction of £46,500,000 be made in the cost of the fighting services, viz: £21,000,000 in the Navy, £20,000,000 in the Army, and £5,500,000 in the Air Force.