OUTSPOKEN REPORT.
Industrial Activity Due to Rearmament. WAR FEAR AND PANIC. LONDON, May 24. The annual report of the International Labour Organisation is the most outspoken ever issued. It points out that much of the remarkable increases in the output of pig-iron and steel and the activity in the chemical, motor car and coal industries in Germany, Japan, Italy, Britain, Czeclio-Slovakia and elsewhere is flue to rearmament. Therefore, it is sinister that many countries have cut down their imports of materials required for normal economic activity. Unemployment has not decreased in France, Holland or Switzerland. Even in Britain and America it exceeds that of the pre-depression level. International trade is still perilously restricted.
The greatest obstacle to the restoration of confidence now is not economic but political. The fear of war has become almost panic. The report urges a new Economic Conference.
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Auckland Star, Volume LXVII, Issue 122, 25 May 1936, Page 7
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142OUTSPOKEN REPORT. Auckland Star, Volume LXVII, Issue 122, 25 May 1936, Page 7
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