WORLD POWER SURVEY.

Hauraki Plains Gazette, Volume XXXV, Issue 4729, 25 July 1924, Page 2

WORLD POWER SURVEY.

DEVELOPING NEW RESOURCES. EXPERTS MEET AT WEMBLEY. The foremost industrial, scientific, and economic authorities of the world are on their way to Wembley for the first World Power Conference (states the “Daily Mail”), which is to survey the world’s material possibilities and devise schemes by which they may be most readily and economically developed. In the view of the promoters “the texture of pur modern industrial civilisation is woven of power,” and,, therefore, it is to the discovery, conservation, and development of power —oil, steam, electricity, water, w,ind, or any other—that these specialist representatives of 30 countries will devote themselves. In a paper of 150 pages on Australia the Australian experts say ; “Australia has material prospects of a great development. Ample natural resomces are available for the production of the necessary energy. Abundant supplies of black coal, the full extent of which it is at present impossible to estimate accurately' vast deposits.of brown coal; upwards of 10,0'00,000-horse power available from the istreams and rivers within the Commonwealth, and an equal amount in the territories administered under mandate ; the possibility of the discovery of natural oil in commercial quantities ; "with such reserves it will be long before Australia is handicapped in the development of her industries from lack of natural sources of power.” POOLING OF CAPITAL. Canada, India, South Africa, New Zealand, the United States, Russia, the Continental countries are all contributing something on those lines to tlie common pool of essential information. Mr Hugh Quigley, economic adviser to the Metropolitan Vickers Eletcrica) Company and deputy organiser of the conference, discussing these matters, stressed as particularly important the consideration that will be given to the financial problems. “If the big industrial countries are going into the partially developed markets of the world with a view to developing them industrially,” he said, “there will need to be something like a pooling of capital, reserves.”