John A. Hobson

Imperialism, A Study


PART I
THE ECONOMICS OF IMPERIALISM


Chapter V
Imperialism Based on Protection

APPENDIX
National Expenditure and Armaments


For the
Year
ending
31st
March

Expenditure on Armaments,
Exclusive of War Charges


Extraordinary
War
Expenditure
[21]

Total
Expenditure
on War and
Armaments

Total
National
Expenditure

Army

Navy

Total


 

£

£

£

£

£

£

1895

17,900,000

17,545,000

35,445,000

...

  35,445,000

  93,918,421

1896

18,460,000

19,724,000

38,184,000

...

  38,184,000

  97,764,357

1897

18,270,000

22,170,000

40,440,000

...

  40,440,000

101,476,669

1898

19,330,000

20,850,000

40,180,000

...

  40,180,000

102,935,994

1899

20,000,000

24,068,000

44,068,000

...

  44,068,000

108,150,236

1900

20,600,000

26,000,000

46,600,000

23,000,000

  69,600,000

133,722,407

1901

24,473,000

29,520,000

53,993,000

67,237,000

121,230,000

183,592,264

1902

29,312,000

31,255,000

60,920,000

59,050,000

119,970,000

188,469,000

1903*

29,665,000

31,255,000

60,920,000

59,050,000

119,970,000

188,469,000

* “Estimates”



Note

21. As given in the various Statements of Revenue and Expenditure as laid before the House by the Chancellor of the Exchequer when opening the Budget, but omitting the Interest on the year Debt. In his Budget Speech on 14th April 1902, Sir Michael Hicks-Beach estimated the total cost of the wars in South Africa and China during the three years ending 31st March 1902 as £65,034,000. Of this sum £45,420,000 had been defrayed out of revenue and by the suspension of the Sinking Fund (£4,640,000 a year), while £119,64,000 had been added to the Debt.


Last updated on 12.11.2006