TO STOP FLOOD

Evening Post, Volume CXXIX, Issue 137, 11 June 1940, Page 9

TO STOP FLOOD

ALLIES BUILDING DIKE

BRITAIN SAVES TO WIN

TRIBUTE TO FRANCE

(Britisn Official Wireless.)

(Received June 11, 10.30 a.m.)

RUGBY, June 10,

Speaking at the Guildhall at the opening of the "National Savings Week," the Chancellor of the Exchequer, Sir Kingsley Wood, in enumerating the assets which the Allies possess, spoke of sea power and the individual superiority of the Air Force.

"There is our ally France," he continued. "We ?y/ at this hour, salute the great French army. Their courage, determination, wonderful resistance, and fortitude fill us all with, the highest admiration."

Saying that he would not dwell long on the flood which is threatening the Allies today, the Chancellor likened the present efforts to those of "men building a dike against the sea." It must be higher and higher if the floods were not to break through and submerge all landmarks, making previous efforts in vain. „ He had no doubt that the dike would be built high enougn and strong enough to stem and defeat the elements, however fierce and strong they might be. In building that dike vast quantities of materials were necessary. After referring to the increase in taxation of which he warned the House \ of Commons recently and which, he said, would be borne willingly and i cheerfully, the Chancellor spoke of the savings campaign. ! "It is now 250 days," he said, "since i the war savings campaign was started with the introduction of a new issue of national savings certificates and new 3 per cent. Defence Bonds. During | that period the sum invested in th&se two securities and the increase in the balance due to depositors in the Post Office Savings Bank and the Trustee Savings Bank have amounted to over £200,000,000.'

Fine as that response was, he continued, efforts must be intensified and made greater still. The conflict must be financed by all members of the community, companies as well as individuals. '

The Chancellor said* that he had under constant consideration the time when and the form in which the next appeal to the large investor would be made.