Empire’s Part in Struggle
AMERICAN EXPERT'S REPLY rO NAZIS (British Official Wireless.) Received Thursday, 9.20 p.ra. RUGBY, Dec. 20. A forcible refutation of the oftropcated German belittlement of the part Britain’s Empire can play in the present struggle is given, by a leading American political scientist in the journal New York Nation. The writer points out that the industrial capacity of the Dominions has increased 60 per cent, since 1914 and in the Empire as a whole probably 300 to 500 per cent. This is particularly noticeable in the case of minerals. In 1914 the Empire produced only 100,000 tons of asbestos, while in 1937 500,000 tons were produced. The output of nickel in 1914 was insignificant, while now 77 per cent, of the world’s supply comes from Canada. The Tungsten production in 1914 was practically none, while 70,000 tons were produced in 1937. The total mineral resources are practically inexhaustible. The writer further points out that access to these resources was not barred by gold or foreign exchange shortage since sterling was the basis of all Empire currencies. The decline in sterling would not affect the value within the Empire. Finally, Britain holds some £2,000,000,000 worth of imperial securities usable in payment.
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Manawatu Times, Volume 64, Issue 302, 22 December 1939, Page 7
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203Empire’s Part in Struggle Manawatu Times, Volume 64, Issue 302, 22 December 1939, Page 7
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