UNEMPLOYMENT

Grey River Argus, 8 June 1933, Page 5

UNEMPLOYMENT

AUCKLAND SCHEME Criticised by Mr Coates BURST OF ARTIFICIAL PROSPERITY. (P'T Press Association). AUCKLAND, June 7. Several points arising mil ol tho national iinaiifial plan submitted to hint yesterday, were discussed by Mr Coales, in an interview, last night. lie said that the Dominion’s economic position was bound up with rimarv prices at Home. Wheu they iwc, our difficulities would be. solved, and meanwhile, further liabilities would only add to our troubles, unless he deputations’ proposals were connected with sell-supporting projects.

■he probable result uf a £lO,OOO, DUO loan would be a burst of artificial prosperity and afterward we would be worse off. Thu deputation’s reference to a currency board was not understood, but

if a note issue were intended, that was straightout inflation ? worst form. To make unemployment pay

too high would only increase the num bers engaged in less productive work, and unemployment finance would break down under its own weight. Regard’ ing advances to local bodies, it "’as generally held they had borrowed too much already. Export bonuses of a pennv a pound would cost 61 millions. The producers wt're already receiving 3’- millions through the high exchange

INCREASE IN PUBLIC WORKS. AUCKLAND. June 6. In replying to a deputation to'day Mr Coates announced the decision of the Government to increase Public Works expenditure this year by c.'iOO.OOO to a total of £3,500, 000. ’Che money is to be devoted to highway and other bridges and road works, and to certain buildings. BUSINESS RECONSTRUCTION. (Per Press Association). AUCKLAND. June 7. 1 he immediate incorporation and or" I ganisation of the National Reconstruc" fi tion Association, formed to co*ordiuI ate all practical effort towards the ' reconstruction of business and the re’ storation of prosperity in New’ Zca‘ land was decided at a largely attend ed meeting of business men. It is in tended to seek uc-uperation of all bus iness men and all similar existing or ganisations throughout New' Zealand. The report of the Provisional Coni’ mittec said the depression should be attacked from three directions, in in* ternational action. Government action, ami organised private enterprise. The Association would stick to the field of organised private enterprise, in which its strength lay. It should be wholly apart from politics, ami confine its e f* forts to the practical objective of business reconstruction. WATERSIDERS VIEWS. WELLINGTON, June 7. At the usual monthly stop-work meetin; of the watersiders, a Com mittee was elected and instructed to approach the Unemploym/ent Board on the whole quest i-.m of the allocation of relief pay for men, particularly in the case of walerside workers, ft was stated that while the Government professes to < , ncourage tho unemploy 1 to seek work, the watersiders feel Hint they are bring penalised owing to tho nature of their and hi? irregular income resulting. CHRISTCHURCH £25,000 APPEAL. “HRISTCHURCH, June 7. The Lyttelton Harbour Board, to i granted £5OO to tho relief appeal launched by the businessmen’s comIhe fund now totals nearly £4,000. IMPROVEMENT IN BRITAIN. (Au-. & N.Z Cable Assn.) LONDON, June 6. It is officially announced that 123,iOOO more were employed on May 22, than on April 24, ami 306,000 more than in May, 1932. 'Dk- improvement was most marked |in building, public works, brick, iron and steel engineers industries, metal goods, textile clothing, dock and harbour services ami distributive indusThe “Daily Mail” says it is a mistake to assume that trade has turned, but unquestionably there is a distinct improvement, especially as seasonal unemployment is now usually troublesome. The effect of tariffs is clearly I felt. Reductions should not bo grantled lightly. Britain generally is doing bet ler than any leading Western nation.