ABSTRACT
AS the saving and investing powers of a nation grow, by reason of improved methods of producing wealth, a larger quantity and a larger proportion of new capital tend to seek investment in foreign countries. Though it must be presumed that the owner of such capital gains by sending it abroad so as to eavn for him a higher rate of interest than he could get at home, there are many who maintain that this private gain is attended by a public loss. For, if this capital had stayed at home and been applied in some home investment, it would, they urge, have given employment to British labour, and though the wealth it assisted to produce might be slightly smaller than that produced through investing it abroad, there would bo caused an increased aggregate of industry and wealth-production in this country.
Argument against Foreign Investments.
