AN IMPERIAL NAVY LOAN.
—frTo meet abnormal circumstances ' and to provide an extra margin of safety, the "Spectator" suggests . an Imperial naval loan on the following, basis: Let each self-governing portion of the Empire contribute to this Imperial'loan for extra security a sum equal to one pound per' head of its white population.- Let us.'see how. the dreatio'n of this extra fund by way of loan" would'.work, out iii. detail uniler a joint guarantee. The United Kingdom at the present; moment contains,' roughly, 15,400,000 people. The population .of the self-governing colonies is, roughly, as 'follows:— Canada 7,200,000 . Australia 4,800,000 - New Zealand 1,000,000 South Africa . 3,300,000 Therefore the respective • contributions' would be:— . -' . ' United Kingdom 45,406,000 Canada 7,200,000 Australia * '1.600,000 .' New Zealand' I^OOO.OOO . South , Africa : X; 300,000 .£59,100,000
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Dominion, Volume 6, Issue 1590, 6 November 1912, Page 3
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126AN IMPERIAL NAVY LOAN. Dominion, Volume 6, Issue 1590, 6 November 1912, Page 3
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