CAPITAL FOR DOMINIONS

Evening Star, Issue 23129, 1 December 1938, Page 21

CAPITAL FOR DOMINIONS

FOUNDATION OF MIGRATION COMMENT BY MR SAVAGE [Per United Press Association.] WELLINGTON, November 30. The influence of British investments in the overseas dominions on Empire trade and security was referred to by the Prime Minister (the lit. Hon. M. J. Savage), when invited in an interview this evening to comment on a cable message from London reporting Brigadiergeneral Sir Henry Page Croft as having stated that nothing was being done to stimulate the movement of capital to the dominions.

“ At one time,” Mr Savage said, “ it was said that trade follows tne flag, but now everyone realises that it follows investments.”

“It is just common sense,” Mr Savage commented after reading the statement by Brigadier-general Sir Henry Page-Croft, “The investment of British capital in the dominions is the foundation of migration, defence, Empire trade, and Imperial unity. It definitely lays the foundation of migration for the same reason that it makes the defence of the British Empire possible. It definitely expands the trade of the British Commonwealth, and it definitely makes for Imperial unity all round. The Britain of the future will be spread throughout the dominions."