BUILDING SUBSIDY

Evening Post, Volume CXVI, Issue 105, 31 October 1933, Page 10

BUILDING SUBSIDY

OVER £4,000,000

200 APPLICATIONS TO DEAL

WITH

It was stated by the Unemployment Board today that; as:at October 28, the total number of applications for the building subsidy received and examined was 11,521, leaving just over 200 applications still under action, further details being required. The total value of the work approved to that date was £4,899,510, and the value of works that have been declined, because they would have gone on without subsidy, was £288,484, making, the total value for all applications £5,187,994. If the estimate of tho total labour content which is often used, namely 87 per cent, direct and indirect labour, is taken, this means that these jobs represent over £4,000,000 in wages. The apparent increase in tho unemployment figures, it was stated, was partly due to the fact that the figures under No. 10 schemes were included, while the position was that a very large number of the men engaged under the scheme were really not unemployed when they went to it, merely exchanging one job for another, having been chosen for jobs under the No. 10 scheme because of employers' experience of them as tradesmen.