BOOM IN EGYPT
LIVING COSTS MOVING SKYWARD. (By Telegraph—Press Association— Copyright) LONDON, February 14. “Egypt, in its 4000 years of history, has probably never been so prosperous,” says the “Daily Mail’s” Cairo correspondent. “With the Axis arms 2000 miles away, Egypt is settling down to the pleasant role of the world’s No. 1 boom country, , “It is difficult to believe that there \ is a country left anywhere balancing its budget from the regiuar avenue. Egypt has just done it, w<th £10,000,000 to spare. Egypt, for one thing, with British armies on both sides of its frontiers, has no need to • join in the world’s armament competition. The Allied troops are bringini* in practically £3,000,000 a month, and the fruit and vegetable growers are. asking their own price. “Nouveau riche” merchants with newly-acquired money to spend have forced up living costs astronomically.”
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Wairarapa Times-Age, 16 February 1943, Page 3
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141BOOM IN EGYPT Wairarapa Times-Age, 16 February 1943, Page 3
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