A DEBTOR NATION

Waikato Independent, Volume XLI, Issue 3891, 13 August 1941, Page 3

A DEBTOR NATION

BRITAIN AFTER THE WAR “Britain is likely to emerge from the war a debtor nation for the first time in her history.. It i« astounding that the world-wide implications of this forecast, recently made by the President of the Board of Trade, have received so little attention,” the British Trade Commissioner (Sir Robert Dalton), told the Economic Society in Sydney, “Britain must close the gap by reducing imports, increasing exports. ; “We should not delude ourselves with easy assumptions that great industrial and economic progress anywhere can immediately, or even soon, follow the close of this devastating war. “Consistent with full war effort, Britain is trying to maintain her export trade, asking sacrifices of her own consumers. Empire countries have an interest in her success.”