DOUBTFUL ASSETS
COLONIAL POSSESSIONS AMERICAN’S OPINION LONDON, Feb. 3. Mr. Theodore Roosevelt, delivering the Watson lecture at London University, vigorously commented on tiie current topic of colonies, declaring that it was customary for America to explain her former open-door policy towards immigrants as an altruistic desire to give a haven to the oppressed,. while Britain pleaded an urge to take up the “white man’s burden" to explain tiie acquisition of colonies.
Both statements, he claimed, were insincere. Britain had seized colonies for material gain and America permitted free immigration because industrialists saw that an inflow of cheap labour would increase their profits, but they were unaware that such immigration was to create endless future problems.
Colonies, in many instances, were a continuous loss or a doubtful economic asset. Italy had spent 1.300,000,000 more lire in controlling colonies from 1913 to 1932 than she had got in gross trade during 40 years. The German record was a similar story. It was much the same lor France and Japan. Britain’s record was much better, largely owing to Dominion trade.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/PBH19370204.2.55
Bibliographic details
Poverty Bay Herald, Volume LXIV, Issue 19240, 4 February 1937, Page 5
Word Count
177DOUBTFUL ASSETS Poverty Bay Herald, Volume LXIV, Issue 19240, 4 February 1937, Page 5
Using This Item
The Gisborne Herald Company is the copyright owner for the Poverty Bay Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in