The contribution to sterling reserves by any colony was a gift to the British treasury, for which the colony… — Walter Rodney

The contribution to sterling reserves by any colony was a gift to the British treasury, for which the colony received little interest. [...] Men like Arthur Creech-Jones and Oliver Lyttleton, major figures in British colonial policy-making, admitted that in the early 1950s Britain was living on the dollar earnings of the colonies.

p. 171Source: Wikiquote · CC BY-SA 4.0

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