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AFTER TWO YEARS OF WAR.

LONDON, June 25. An American correspondent has interviewed Lord Revolstoke, who said : "After two years the war is being' waged in a more exhausting manner than any nation anticipated, but the edifice of London credit stands firm. London remains the world's financial clearing-house. Our delicate banking machinery is working smoothly, thanks to the. Treasury's courageous policy in the first months of the war. The maintenance of British- exports, whirl: is the key to the position, lias becu possible, owing, first, to our navy; second, to our Government's sound financial policy; and, third, to o\]r use of the groat reservoir of women's labour, previously untouched. Britain does not grudge America's gain in financial strength since 1914. Both nations believe in using their raoncv for the development of newer countries, thus increasing the- world's prosperity." [Lord Revolstoke is a director of the Bank of England and partner in Baring Bros, and rvfi

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/OW19160628.2.46.25

Bibliographic details

Otago Witness, Issue 3250, 28 June 1916, Page 20

Word Count
155

AFTER TWO YEARS OF WAR. Otago Witness, Issue 3250, 28 June 1916, Page 20

AFTER TWO YEARS OF WAR. Otago Witness, Issue 3250, 28 June 1916, Page 20