CUTS RESTORED.

Auckland Star, Issue 154, 2 July 1934, Page 7

CUTS RESTORED.

BRITAIN'S ACTION.

AID TO RECOVERY. Financial Benefit to 4,000,000 People. END OF ECONOMY MEASURES. (British Official Wireless.) (Received 12.30 p.m.) RUGBY, July 1. To-day will bring financial improvement to more than 4,000,000 people in Britain for, in accordance with a decision announced by the Chancellor of the Exchequer in his Budget speech in April, July 1 will mark the end of nearly three years of economy cuts. Unemployment benefit will be fully restored to the 1931 level, this concession costing the Exchequer over £4,000,000 a year. At the same time, all servants of the State will receive half of the pay cuts borne since the 1931 crisis. This will cost tho State another £4,000,000 in a full year. Those affected by this last measure include Ministers of the Crown, members of Parliament, judges, civil servants, teachers, the police, insurance doctors and chemists, as well as members of the Navy, Army and Air Force. Helping Recovery Along. When the Chancellor announced the concession, he said: "We can venture to remove a substantial portion of the load we have been carrying without fearing that presently we shall have to put it back." He expressed the belief that this relief to such a large portion of the community would itself hasten tho process of recovery. Another cheerful piece of news is that the official returns for unemployment .luring June are expected to show that approximately another 28,000 people have found work during the month.