The nation is living on its capital

Newbury people opposed to drinking alcohol heard how expensive the war was for the nation.

The Rev. Dr A J Carlyle, Vicar of All Saints Oxford, and lecturer on economics, gave a most instructive and inspiring lecture in the Temperance Hall on January 20th, his subject being: “Total Abstinence During The War”. He pointed out the urgent need for the nation and all its members to practice economy, and especially in the matter of those things which are unnecessary, and he informed us that, in spite of the apparent present abundance of money, the Nation is now living on its Capital, and is likely to have spent between one fifth and one quarter of that, if the war continues another year.

Newbury parish magazine, February 1916 (D/P89/28A/13)

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