NATIONAL RESOURCES
THE DAMAGE IN BRITAIN EASY TO EXAGGERATE LONDON, Sept. 23. Mr J. M. Keynes, broadcasting, said it was easy to exaggerate the damage to national resources Britain had thus far suffered. "We have lost 1,500,000 tons of shipping," he said, "but this loss in one year is no greater than our normal yearly capacity to build ships. In 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 peace-time building capacity. The damage in August was much more considerable, but could be made up within a month. The heavy destruction in London in the oast three weeks had not vet been accurately estimated, but London is a big place There can be a mighty power of destruction before the building properties of Britain are seriously touched. One million sterling worth of destruction is a frightful sight, but if we suffered as much damage nightly for a year we should not lose more than 4. per cent, of our buildings and their contents, or more than could be restored in a couple of years."
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Otago Daily Times, Issue 24412, 25 September 1940, Page 7
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195NATIONAL RESOURCES Otago Daily Times, Issue 24412, 25 September 1940, Page 7
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