POST-WAR FINANCE.

Ashburton Guardian, Volume 64, Issue 33, 18 November 1943, Page 4

POST-WAR FINANCE.

REPAIRING OF WAR DAMAGE. RECONSTRUCTION OF INDUSTRY. (Rec. 9.50 a.m.) LONDON, Nov. 17. “Victory is in sight,” said the Chancellor of the Exchequer, addressing a War Savings assembly in London, “The enemy has no escape from the crushing defeat provided the power of the United Nations is fully brought to bear on him, not only on the field front, but also on the economic front behind the battlefield.” That does not mean that relaxation was possible. The nation’s war effort had to he maintained, if possible increased.

Regarding continuance of the War Savings movement after the war Sir John Anderson said: “Let me assure you in the strongest terms that a voluntary savings organisation will be indispensable after the war and particularly in the diflicult transition period, when we shall he passing from war to peace economy. You are all aware what are likely to be the main features of that period. Repair of war damage and reconstruction of industry must have first charge on our resources, so it will take time to provide an appreciable increase in the volume and means available for private consumption. That will mean a continuation of restraint of expenditure even when those first duties are provided for and a more liberal scale of consumption can be permitted. Capital investment ’in the development of the country will still require a large volume of savings of all kinds to advance it.” —British Official Wireless.