Overseas Property
Sir, —The news that the Government intends to spend £1,500,000 on land and buildings overseas, including £650,000 in Tokyo, leaves me aghast. If “getting with it” means approving Government speculation on foreign soil, then I am a square. We are going hat in hand to the money-lenders of the world borrowing to the limit at high rates of interest. This is a poor example to our young people. Are we aiming to be like Australia, where businesses have lost millions through bad debts? Surely we can do the business of our country in Japan, or any other country, without all this status symbolism of palatial buildings in the heart of the world’s capitals.—Yours, etc., BUBBLE, BOM, BURST. July 20, 1965.
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Bibliographic details
Press, Volume CIV, Issue 30811, 24 July 1965, Page 14
Word Count
122Overseas Property Press, Volume CIV, Issue 30811, 24 July 1965, Page 14
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