THE FINANCIAL BURDEN.
: AFTER-WAR PROBLEMS. •"-'-- LONDON. Feb. 5. As the war lengthens the leaders of industry are discussing the seriousness of ' national burdens and the need for the vast and immediate acceleration of production after the war. All emphasise the imperativeness of the co-operation of labour and capital to enable the nation to support the burdens which otherwise would b? crushing during the most critical years of reconstruction. The chairman of the London Provincial Bank, addressing the shareholders, stated that the national debt at the end of 1918 ; would probably be £7,500,000,000. There , would be a huge outlay on pensions. The banks would' liberally finance trade and commerce, but the Government must supplement" their efforts, as the financial requirements were enormous. ~ The chairman, Mr. Camwell Laird, suggested that in view of the need for industrial harmony, they should divide the profits into three portions under State supervision, capital and labour to be equitably ~ rewarded, the Government to take the surplus. • •
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New Zealand Herald, Volume LV, Issue 16775, 15 February 1918, Page 6
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160THE FINANCIAL BURDEN. New Zealand Herald, Volume LV, Issue 16775, 15 February 1918, Page 6
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