WAR WASTAGE.

Hawera Star, Volume XLVIII, 4 July 1924, Page 5

WAR WASTAGE.

LOWER. LIVING STANDARD. HOPE IN ELECTRICAL POWER. BY CABLE—PRHBB ASSOCIATION—COPYRIGHT LONDON, July 2. 1 residing at the power conference, Mr John Horne said that as a result the war wastage! there was ‘ insufficient wealth in tlie world to mainnm 11 P re -'? ar standard of living, the only practical aid was the developmeut of electrical. power. Compared with the United States, the measures in that connection in Britain were a bad second. . A papqr on the economics 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. Li 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 a s 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 lend money to the British Dominions, hut the terms would be_ seyere compared with what the colonies were accustomed to.