This record may be compared with those of three British dominions, 1 Canada's total production in 1920 was valued at $6,350,000,000, which decreased during fifteen years to $4,390,000,000, a drop of 30: per cent. In 1911, Australia's aggregate production was valued at £175,000,000, which rose by 230 per cent. during 25 years to £400,000,000 in 1935. In New Zealand in 1900 production was valued at £340,000,000, which during 36 years increased about 300 per cent. to £1,140,000,000 in 1936.
The British Empire is proud of its financial resources. If the work of development is accomplished by capital alone, these three dominions should have shown far better results.
Japan's financial resources are much less, but the figures I have quoted show that richer countries have accomplished less We might wonder if development has not been arrested in some of those countries.
We might also wonder if the richer British people are really a match for the more hard-working Japanese.
For those Westerners who trust in money alone it may be natural to imagine the poor Japan will find the work of reconstructing China beyond her resources. But I believe
Text read from the printed page and cleaned; old type leaves the occasional error.