CHANGING OVER.

Feilding Star, Volume 4, Issue 675, 6 January 1926, Page 6

CHANGING OVER.

DEBTOR TO CREDITOR. London, Dee. 27. Empire-grown rubber is effecting a magical transformation in England and America, in their roles of debtor and creditor. ■ The News of the World estimates that America, which is forced to purchase seven-eighths of her rubber supplies from the British Empire, will within four years, at the present rate of 4s otl per lb, have paid Britain a sum .equivalent to the latter’s war debt of £800,030,000. A continuance of the rising cost of rubber, and the diminishing value of America’s exported cotton and wheat, would, it says, rapidly make Britain a creditor nation. . America’s favourable trade balance was melting like snow, despite the huge annual debt-fund-ing payment of £38,800,000.