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schemes which will carry their own justification in their
value - immediately or prospectively - to the economic
development, in its widest sense, of the Colonial Empire.
In the first place, Lord Passfield wishes me
to make it clear that the attitude of the Advisory
Committee towards applications is not governed by a
narrow view of the unemployment problem here. The
Committee is ready to entertain applications which
involve little actual purchase of material in this country,
or even none, if the object to which it is proposed to
devote the money 18 one which may be expected to promote
the development of the Colony, and thus indirectly to add
to its wealth and consequent purchasing power, to tne
general benefit of the trade of the Empire.
Secondly, while it is well known that, in regard
to large works, the Committee is prepared to assist by
recommending the payment of interest on loans up to ten
years, the Colonial Governments have doubtless in many
cases quite properly felt bound to limit their applica-
tions, because they did not see their way to provide for
the
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