RAW MATERIALS
NO PROGRESS TOWARD BETTER
DISTRIBUTION ITALIAN BANKER’S WARNING. PRODUCING NATIONS WILL SUFFER. By Telegraph—Press Association —Copyright. ROME, March 31. Complaining that no progress was being made toward a better distribution of raw materials, Dr Azzolini. Governor of the Bank of Italy, said today that, if no solution were found soon, it would be producing countries who controlled the world’s stocks which would lose most because they would lose important markets for their products. A balance, he said, must be created as was suggested in Munich, between the nations, based on mutual recognition of their importance. If some countries continued to have an exuberance of the means of existence, while others were denied them, the latter were bound to grow poorer and would be ultimately faced with the alternative of mass emigration and political servitude, or death by economic paralysis.
He admitted that the State had drawn heavily on the national savings in order to balance the Budget, but claimed that the national resources were sufficient to finance, the schemes for economic independence in the immediate future.
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https://paperspast.natlib.govt.nz/newspapers/WAITA19390401.2.34
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Wairarapa Times-Age, 1 April 1939, Page 7
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178RAW MATERIALS Wairarapa Times-Age, 1 April 1939, Page 7
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