The Pamphlet Collection of Sir Robert Stout: Volume 73
Advantages
Advantages.
I. | Our internal trade and exchanges are now made dependent on foreign currencies, and of course must suffer when those currencies are deranged, as they now are. This point is clearly stated in the quotation I read from the evidence of Mr Twells. And a domestic currency would save us from that evil. |
II. | We should have no occasion in the future to borrow in the London money market, because our own credit, our own notes, will do for us all that foreign loans can do; and the interest will be used for public purposes, either towards payments of interest on existing foreign loans, or otherwise to pay our way. |
III. | Most, if not quite all, of our colonial and local public works, and the materials therefor, can be paid in such notes. |
IV. |
Such notes loaned to our people will enable them to carry on successfully their various industries, and we should thus be in the best position to become truly self-reliant. Are not these enormous advantages? |