EMPLOYMENT PROBLEM

Hawera Star, Volume L, 5 August 1930, Page 5

EMPLOYMENT PROBLEM

GERMAN SCHEME

PRODUCTIVE WORKS WEALTHY COMPANY FORMED t United fret** Aaisooiatioii —By Kiectno I'eU-itrapt, Copyriaht-J ' LONDON, August 3. Germany is tackling its problem of 3,(/X),(M> unemployed by the formation of a public works company with, a capital of £7,500,000 and reserves of £11,250,000, says the Berlin correspondent of “The Times.” The company will have a strong board, supervised by a Government commissioner, and will execute the extension of productive schemes through taking up home and foreign loans, granting credits to public ’ corporations and other undertakings.

A communique explains that the Budget amounts allotted to unemployment schemes are declining yearly; therefore the Government, which has accumulated £20,000,000 in credit claims on bodies to which grants are made, will mobilise this amount and raise - £10,000,000 foreign loans, including English and American, in the next three months. This will enable an employment programme to be drawn up for several years ahead.

ITALY’S PROGRAMME

HOUSES FOR WORKERS

LONDON, August 4. “The Times” Rome correspondent states that the Government is intensifying the policy of carrying out public works in pursuance of relieving unemployment. The first instalment of the plan provides for the building of apartment houses for telephone and telegraph workers in eight of the principal cities, and also for railway employees in fifty towns, at a cost of £1,235,000. Other public works authorised will cost £730,000. . . The Ministry of Communications proposes a railway programme employing 15,000. The Health Ministry will build nine tubercular hospitals, with 2500 beds, in addition to twelve, with 3000 beds, already under construction. The - rebuilding in the earthquake area will employ 3000.