UNEMPLOYMENT
SOLDIERS AND SAVINGS. (Per Press Association). WELLINGTON, This Day. The Dominion Council of the R.S.A. recently set up a committee to consider the question of soldier unemployment. Proposals were formulated to create new capital out of the savings of the people, and to use this to carry on necessary public works, particularly hydro-electric schemes. To this end it was suggested that measures should be taken to increase the sale of Post Office investment certificates. The Committee sent its proposals to the Government, and has received a reply that The Government cannot see its way to adopt them. It was not considered possible to compete by means of Post Office certificates with the present high rates of interest, nor does the Government care about inviting investments which would result in an accumulation payable in one sum at a fixed period. It urges that the Post Office Savings Bank itself is the surest, safest and cheapest mode of investment for public savings. BRITISH DECREASE, LONDON, August 11. The wholly unemployed on August 5 numbered 1,738,000, a reduction of 42,500 compared with the previous week.
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Greymouth Evening Star, 13 August 1921, Page 2
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183UNEMPLOYMENT Greymouth Evening Star, 13 August 1921, Page 2
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