France 65,000,000,000
Russia 40,000,000,000
Total 270,500,000,000

This enormous expense which was incurred in preparation for war
needed to be rapidly increased to meet the expenses of actual
warfare. The British House of Commons authorized war credits
amounting to $1,025,000,000, while the German Reichstag voted
$1,250,000,000. Austria and France had to set aside vast sums for
their respective war chests.

HALF CENTURY TO PAY DEBTS

In anticipation of trouble Germany in 1913 voted $250,000,000 for
extraordinary war expenses and about $100,000,000 was spent on an
aerial fleet. France spent $60,000,000 for the same purpose.

The annual cost of maintaining the great armies and navies of
Europe even on a peace basis is enormous, and it must be vastly
increased during war. The official figures for 1913-14 are:

British army $224,300,000
British navy 224,140,000
German army 183,090,00
German navy 111,300,000
French army 191,431,580
French navy 119,571,400
Russian army 317,800,000
Russian navy 122,500,000
Austrian army 82,300,000