It is true that
the British colonies, even before the War, covered an area of thirty
million square kilometres, while France's colonial empire was slightly
over twelve millions. But it must be remembered that the British
colonies are not colonies in the real sense of the word, but consist
chiefly in Dominions which enjoy an almost complete autonomy. Canada
alone represents about one-third of the territories of the British
Dominions; Australia and New Zealand more than one-fourth, and
Australasia, the South African Union and Canada put together represent
more than two-thirds of the Empire, while India accounts for about
fifty per cent. of the missing third. After England, France was the
most important creditor country. Her astonishing capacity for saving
increased in proportion with her wealth. Without having Germany's
force of development and Great Britain's power of expansion, France
enjoyed a wonderful prosperity and her wealth was scattered all over
the world.
Italy had arisen under the greatest difficulties, but in less than
fifty years of unity she progressed steadily.
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