EMPIRE TRADE

Grey River Argus, 11 May 1944, Page 4

EMPIRE TRADE

Post-war Problem CAN BRTTAIN PAY ? IRec 1115.) NEW YORK. May 10. The “New York Times’s” London correspondent says: The plain fact has emerged from the Empire Conference here that raw materials from nearlv all of the Dominions will be canalised to Britain after the war;. But a problem arises. How will Britain be able to pav Jp r Australian wool. New Zealand mutton, Canadian wheat, and South African diamonds and fruit ? And what are these Dom'nions, with their war-developed industries, going to Jake in exchange ? The Dominions acutely recall the years of the depression, when their products could not be sold to Britain, where their markets were reduced by the two million of unemployed. It seems, that the idea of Empire as a self-sufficient unit apart from the rest of the world, has been abandoned. It is recognised that, even o! strong nroun of nations like the British Commonwealth, cannot, exist economically independent of the rest of the world. As* a result, the Premiers’ Conference is. turning attention again to the organisation of the world as a whole.