GERMANY'S METHOD
PUBLIC WORKS COMPANY
SUBSTANTIAL FINANCE
LONDON, .3rd August
"Tho Times" Berlin correspondent states that Germany is tackling *the problem of 3,000,000 unemployed by the formation of a public works company.
The company will have a capital of 7-J millions sterling, and reserves. of Hi millions, with a strong board, supervised by a Government commissioner, for the execution and extension of productive schemes through the taking up oil home and foreign loans and the granting of credits to public corporations and other undertakings. ■V communique explains that the Budget amounts allotted to unemployment schemes are declining yearly, therefore the Government, which has accumulated 20 millions sterling in credit claims on bodies to which grants aro made, ■will mobilise this amount, and also raise 10 millions by foreign loans, including British and American, in the next three months. This will enable the unemployment programme to be. drawn up several years ahead.
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Bibliographic details
Evening Post, Volume CX, Issue 31, 5 August 1930, Page 9
Word Count
151
GERMANY'S METHOD
Evening Post, Volume CX, Issue 31, 5 August 1930, Page 9
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