Untitled

Hokitika Guardian, 5 October 1925, Page 2

Tin: question of too much money in the lulled States necessitates seeking elsewhere lor investments, and it is ill that way capital well husbanded benefits the masses. More and more, xavs an exchange, it i- heciun ng c\ tilcnt that the surplus of gold in l .S.A. will compel the hohlers to embark on commercial enterprises abroad in ordet to liud profitable use (Vr their money. Americans are dinging politically to a policy of detachment from Eur-ipean nlfnirs. hut commercially they are < 011xtantlv accenting new responsibilities abroad, anti even Km iet Russia, which has no diplomatic representation at Washington, is included in the American policy of financial penetration. According to hit' s t advii os the eo-opera-ti,,n of French bnaiieia! In ii-c- has been chiefly sought l>y \mcricsn titan oiers in many recent development schemes. The Americans aim at tin' elect l ilieatioii of Czcehn-Kl.ivakta. Poland and Hoiimaiiia. The C'zcchn-Slo-vnkiau Dmernment is committed to a national system of electricity supply as well as main-line elect rife a t ion. ami from the point of view of water power the country is one of the most suited for electrification in K urn pi . The Government, lots completed extensive plans, which include the elect ri that ion of the suburban railways around Prague. ,•tin! this portion ol th“ scheme will he gradually extended until the entire

mil wax system of the country is under electric power. In-tween £-!M.( I! ilh;itid £.->H.COd.cun is required In fma ties the project a sum beyond the can,•icily of the national rc'Oitr cs and negotiations are now going on he r •e"ti the Czech Govcrnm ot and a

New York financial < oii'orhitm. If the V meriea 11 group can entile to Irrttr with the ( zcelts. it is leitain that tinmarket wiM go to the I'nitcil Stales. A Fram 'American group arc also negotiating with the Rumanian (In'.'fitment with the object of financing a reorganisation of the railways. If terms are arranged this market will til'ii pass out of Britain’s reach ftt' already indicated). The Americans at" not idle in IPt-sia either, where it i-well-known that. elect rilieat ion iti which Lenin was tremendously interested as a means of bringing the backward villages into closer touch with the industrial workers hulks large in the Soviet Government's schemes for the rapid development cl the country.