Sir, Britain may not have been played out; I do not think that Britain is at her last gasp. But I certainly think that Britain is no more the workshop, the carrier and the banker of the world that she used to pride herself on being in the last century. And those countries which have means of their own, those countries which have resources of their own, have manpower of their own to rise and achieve that very position, for themselves, -those countries are not likely to benefit from the association of a country which may not be bankrupt. Formally speaking, but which is yet unable to pay off its debt and is compounding with her creditors. .
