EFFECTS OF BOMBING.
LOSSES NOT DISASTROUS,
ECONOMIST’S SURVEY,
(Ree. 1.55 p.m.) LONDON, Sept. 23. “It is easy to exaggerate the damage the national resources of Britain have thus far suffered,” said Mr J. M. Keynes, the economist, in a broadcast. “We have lost lj- million tons of shipping, but this loss in one year is no greater than our normal yearly capacity to build ships. “In the losses of property by bombs the case is no worse. The total damage before the end of July could be made up in a couple of days by the country's peacetime building capacity. The damage in August was much more considerable, hut could be made up within a month. ‘ “The heavy destruction in London over the past three weeks has not yet been accurately estimated, but London is a big place. There must be a mighty power of destruction before the building properties of Britain are seriously touched. A million sterling worth of destruction is a frightful sight, but if we suffered such damage nightly for a year we should not lose more than 4 per cent, of our buildings and contents, or more than is restorable in a couple of years," declared Mr Keynes.
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Bibliographic details
Manawatu Standard, Volume LX, Issue 254, 24 September 1940, Page 8
Word Count
202EFFECTS OF BOMBING. Manawatu Standard, Volume LX, Issue 254, 24 September 1940, Page 8
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