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The decline and fall of the British Empire - University of Oregon

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<strong>of</strong> <strong>the</strong> <strong>British</strong> <strong>Empire</strong> 31<br />

lent <strong>the</strong>m light literature| ; it carried<br />

<strong>the</strong>m to <strong>and</strong> fro on tramcars ; it<br />

gave <strong>the</strong>m cheap lodgings, <strong>and</strong> con-<br />

ducted scores <strong>of</strong> similar costly under-<br />

takings on principles which will be<br />

recognized by <strong>the</strong> smallest <strong>of</strong>fice-boy<br />

in Tokio as ignoring <strong>the</strong> mere<br />

elements <strong>of</strong> political economy.<br />

For as early as <strong>the</strong> year 1900 we<br />

find <strong>the</strong> State entrusting local bodies<br />

with <strong>the</strong> right <strong>of</strong> spending more<br />

than a hundred million pounds a<br />

year upon municipal objects. Of<br />

this vast sum a large portion was<br />

spent in municipal trading, <strong>and</strong> as<br />

<strong>the</strong> century advanced <strong>the</strong> money<br />

thus employed increased enormously.<br />

Of <strong>the</strong> enterprises which were thus<br />

undertaken many were avowedly run<br />

at a loss. Of <strong>the</strong> remainder a few<br />

were sound business concerns, but<br />

t Large sums were spent by <strong>the</strong> State on<br />

Public Libraries, but <strong>the</strong> investment in serious<br />

books was a financial loss as <strong>the</strong>y were inadequately<br />

used.

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