SHORT OF CAPITAL
TO LEND DOMINIONS
PAISH STRESSES THRIFT
BBITAIN HANDICAPPED
(United Press Association.—Copyright.) ,- LONDON, 24th September. "Unable to obtain capital here, the colonies are, turning to America," said Sir George P? jh at a Cambridge National Savings meeting. "A hundred million sterling placed in the colonies would give a return of one to two thousand in increased world trade." ' •Sir George proceeded to arjjiie that people were not saying enough. Two to three hundred millions more were needed yearly to get back the pre-war standard of thrift; Britain's heavy industries were suffering from lack of capital, which was the cause of unemployment. Agriculture throughout the world was depressed because people could not afford to buy food.. If a trade boom occurred there would be a food shortage, because it took five years to increase the world's food supply- ' When the country knew the position it would demand that the right measures shi I.ld. bo taken.
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Bibliographic details
Evening Post, Volume CIV, Issue 75, 26 September 1927, Page 9
Word Count
156SHORT OF CAPITAL Evening Post, Volume CIV, Issue 75, 26 September 1927, Page 9
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