A gradual increase in the consuming power of the natives

A quote from the general introduction to The Resources of the Empire, from 1924, by Sir Eric Geddes. It strikes me as a stark example of the ability to meld cold economic dominion and a sense of worthy purpose without breaking a sweat. He wonders, in a post-World War One situation, how to develop Britain's markets:

"[In tropical climates], any substantial increase in the white population is hardly to be expected, since the bulk of the work of the country must in such climates always be done by the native races. The purchasing power of these territories can therefore only be developed by the steady development of their material resources. This, of course, means recourse to British capital, if Great Britain is to get the greatest advantage from the development and if our Imperial ideal is to be fulfilled. In our present economic condition [post-WWI] this, of course, presents some difficulty, but if we can carry out this programme, there will follow a greater demand for British plant, machinery, shipping, rolling stock, etc., as well as a gradual increase in the consuming power of the natives."