Publisher's Synopsis
Excerpt from Journal of the Royal Colonial Institute, Vol. 36: January, 1905
The next objection is the theory of the need of all resources for internal development, an objection which can easily be Shown to be equally fallacious with the first. For money which is devoted to remunerative business enterprises is not usually regarded as a heavy burden. Shareholders in the c.p.r. Scarcely look upon their holdings as drawbacks. The true line of reasoning on this subject seems to be this: When a State uses the funds at its disposal for non-paying purposes, it may justly urge that it is the less able to contribute towards its naval insurance. But when it invests those funds in a manner which yields it in creased profits, then the use oi that contention becomes absolutely absurd. On the contrary, the greater the interests at stake, the greater the insurance required; and, in like manner, the wealthier a British State has become through judicious development of its resources, the greater the claim which the Empire has on it for its quota of insurance premium. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This 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.
