Jamestown weekly alert. [volume] (Jamestown, Stutsman County, D.T. [N.D.]) 1882-1925, 1918-03-07
NO REPUTATION
OF DEBT IN ENGLAND
State Enterprises Proposed to
Make Money.

Russia with its disorganized social
and political conditions may contem-
plate the reputation of the nations
just debts. Other countries, appall-
ed at the staggering load of national
Indebtedness which has accumulated
on account of the war, as we'll as
from past acts of government, may
be tempted to embark on the sea Of
reputation; but no such idea pre-
wallis in England. In Great Britain
it is planned to pay England's debt,
and a committee of leading men are
already at work studying the solu-
tion Of the problem. This solution
takes into consideration the active
participation of the government OF
Great Britain in engaging In busi-
ness enterprises for the purpose of
Nh money-enterprises which
have heretofore been monopolized by
private citizens or corporations of
private individuals. The plans for
the payment of British debts are out
lined in the following dispatch:
London The Empire Resources
DEVELOPMENT committee has been
trying to devote ways and means of
paying of the vast legacy Of debt
that will be bequeathed by the war.
It has not been long at it, but, &C
cording to H. Wilson-Fox, M. P, a
prominent member of the commit
tee 1T is making highly satisfactory
progress in the solution of the prob
lem.
AS outlined by Wilson-Fox in an
address before the Royal Colonial
institute, the colossal sums needed
are to be obtained by the state de-
veloping certain resources of the en-
pire on q huge scale and turning ov-
er the profits to the national treas
ury. One of these is fish of which
Mf Wilson-Fox said, unlimited sup
plies could be obtained from Canada
and Newfoundland. This fish, 1t was
asserted, could be sold in the United
Kingdom at prices far below those
ruling before the war, provide q
good living for all engaged in the
work and yield the state profit OF
from 25,OOO,000 to 5O,000,000
pounds sterling year.
Another proposal was that the
state should participate in the sup
ply and distribution of the palm pro-
ducts obtained in the empire which
are daily becoming of greater I'M
portance as articles of food. From
this, it was calculated, the profit
would soon amount to 50,0O0.000
pounds year. Another 100000
900 a year it was estimated, could
be derived by the state from cleo
tricity for light and power to be pro-
vided at much cheaper rates than
private companies charged.
The home government, it was
suggested, should cooperate with
Canada In the early development and
sale of large tracts Of corn land.
II a grant of 20O,OO0,0OO acres
could be negotiated, the committee
believed, the nations food supply
would be assured and within quar-,
ter Of century the sale of farms In
this area would pay of . large pOr-
tion of the empires debt.
Y Looking into the FUTURE" said
the lecturer, I'VE can visualize the
state as an owner of vast herds Of
cattle overseas raised on lands which
are today unutilized; as q proprietor
OF forests and valuable plantations
of tropical shrubs and trees grown
on areas which are still virgin, and
the Harvesting Of mighty waterfalls
fed by the eternal SHOWS ofE1ndia and
Africa; as an organizer OF great COM.
mercial air services, and as the
reaper on an immense scale Of the
manifold harvest OF the seas"
!. DIsIOYAL; FINED $500.
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