Page 439 - clra62_0019-(GIPE)

INDEX

GRICULTURAL depres- of the nation living on its capital,
A sion, effects of deficient har- 286'288.
vests, i. 135. Waste of capital on war and arma·
ments, 290.
- labourers, money wages of, Cases of expenditure of vast sums
1870-1 and 1880-1, i. 186. for these pu~ without capital
- -, wages of, risen sixty being dimirushed, 291.
per cent. since repeal of corn Case of England during the great
war with France, 291.
laws, i. 391. . American Civil War, Franco-Ger.
-- produce of Ireland valued man War, South African War,
at forty to forty-five million.c. 292.295.
Expenditure on armament. in time
i.435· of peace, 296.
- production, difficulties of in- Amount spent in Great Britain,
ternational comparisons of, ll. France, Germany, and Russia
61. only a small percentage of total
ALSACE-LoIlR,AINE, loss of, to income, 297.
No serious increase in National
France, i. 40. . Debt, 299.
ANGLO-AMERICAN race, econonuc Expenditure on military armaments
development of, ii. 272. in time of peace does not dimin-
At" w,/iflingo,. Calitail [19011 ish national capital, 299.
Conclusion: the facts when ex-
ii. 278-3°4. amined do not support the com·
Introduction, 278. mon talk that Great Britain is
Difference between an individlw living on its capital, or that
living on his capital and a nation. nations are wasting capital on
excessive armaments, 301.
279'282.. . .. .
Question of a nation Ii Vlng on Its No practical advantage to a~e
capital in conse~uence of nature against continuance of exc:e&SIve
and results of It I international armaments, 302.
trade, 283. The more economic and peaceIul
Are we living on our capital because Powers should be able to keep
there is an excess of IIDports over pace while straining th~r. re-
exports, 283. sources less than the military
PowelS, JOJ..
•
Are we diminishing our investments The expenditure IS IlDav()ldable,
abroad,24
The income tall as a test of the 3OJ. • . of
increase o( our investments at Great armaments In time peace
are an insurance against war:
• home, 285. conclusion, J04.
In calculating excess of im~rts
over exports, shlt>ping 6-elghts ARMAMENTS in time of peace, an
and other charges are not taken insurance a.zainst war, ii. 304.
into account: the increase of (or·
eign banking money in London ARMY, BrittSh. its standard of
has little to do with the question strength, ii. 242.