MUNITIONS MANUFACTURE
PRIVATE INDUSTRY ESSENTIAL. [BY CABLE —PRESS ASSN. —COPYRIGHT.] WASHINGTON, December 22. Hopes of some members of the Senate Munitions Committee that President Roosevelt would issue a statement| in favour of taking the profits out of war which might be construed as a willingness to nationalise the munitions industry, were shattered to-day as the War Department submitted an official memorandum declaring that private industry was absolutely essential to the nation’s defence. It pointed out that, in the event of a conflict comparable with the world war, the production of machine guns and ammunition, for example, must be increased hy 47,000 per cent, from the peace time requirements, and artillery ammunition by 180,000 per cent. The memorandum said that, for the Government to acquire the necessary factories would cost between five hundred million dollars and one billion dollars, with a great waste in maintenance and expense in peace time, BRITISH INQUIRY. LONDON, December 22. In the House of Commons, Mr Ramsay MacDonald announced that an arms traffic inquiry would be conducted by a Royal Commission.
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Greymouth Evening Star, 24 December 1934, Page 7
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175MUNITIONS MANUFACTURE Greymouth Evening Star, 24 December 1934, Page 7
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