DAWN OF GREAT ERA.

Taranaki Daily News, 4 July 1924, Page 5

DAWN OF GREAT ERA.

WORLD’S POWER SUPPLY. INDUSTRIAL REVOLUTION. NEW MEASURE OF WEALTH. By Telegraph—Press Assn.—Copyright Received July J, d.'d p.m. London, July 2. Presiding at the power conference, Mr. John Horne said that as a result of the war wastage there was insufficient wealth in the world to maintain the pre-war standard of living. The only practical aid was the development of electrical power. Compared with the United States, the measures in that I connection in Britain were a bad second. [ A paper on the economies of world power was submitted by Sir Philip Nash. He remarked that it was customary to think of the nation’s wealth in gold, but another criterion was the capacity of its resources to yield economically efficient and abundant power. This standard of wealth might well be used. In submitting his paper, Sir Philip Nash said his conviction was that industrialists and engineers were only now at the beginning of great developments, which might change the world’s economic aspects. The world might see enacted a revolution of as great significance as anything confronted in the nineteenth century. Sir Maes Harvey said the United States was prepared to finance power development anywhere in the world, and was willing to iend money to the 1 British Dominions, but tire terms would be severe compared with what the colonies were accustomed. VALUE TO DAIRYING. DEVELOPMENT IN NEW ZEALAND. London, July 1. A paper prepared by Mr. Lawrence Birks, chief electrical engineer for the Public Works Department, New Zealand, was presented at the world power conference. The paper stated that an important result expected from the development of the hydro-electric power would be the main factor in sion to farming and dairying districts. An ample supply of hydro-electric power would be the main factor *n encouraging the development and export of manufactured goods. Sir Richard Redmayne, the mining expert, said that at the present rate of output the American coal deposits would last 2000 years, but the Empire’s deposits would last only 600 years. A chemical survey of the world’s coal resources was greatly needed. Mr. Haanel (Canada) said that wh?n the world’s full resources were exhausted. civilisation would collapse.