Peace and Retrenchment

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Excerpt from Peace and Retrenchment: The Prime Minister's Call to the NationAs far as the receipts are concerned, from our foreign invest ments we are down We have got to pay an adverse balance on trade of We must bridge that chasm, for at the bottom of it is ruin. We are building the temporary bridge now by borrowing, not_state borrowing but by traders borrowing, by running into debt for raw materials, and for food. That will only add to the catastrophe by-your advancing further on the bridge, which is a shaky one, and you are advancing with increasing weight along it. That is the position with regard to international trade.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.