EXCHANGE DIFFICULTIES

Marlborough Express, Volume LIII, Issue 195, 20 August 1919, Page 5

EXCHANGE DIFFICULTIES

WORLD SUFFERING FROM * SHELL SHOCK. ,

(A'ifi. and N.K. Aspn. unH Renter (Received Aug. "SO. 0.30 a.m.) LONDON, Aug. 19. ■ Mr Lloyd George* ■ emphasised the exchange ''The sovereign to-day was worth less than ' 17s 6d' in America, which was clue to the fact that Britain was not vpaying for "imports with exports. The only alter-, native to increased production was for the people to qalt »the •■country._ lie mentioned that among the leasons for decreased production were the' difficulties of transition from the War, the lack of labor, arid, also the fact that- everybody's nerves 4 we're: jaded and torn, after rihe strain of: war. .-Everybody was twmiplaining ;6f everybody else. Some -complained of; l**'oirideiK?B; but ifcase tendencies, vere worid-wide, apfi '.would pass., 'The.world w^s sufferißp, One. ot'-.thei argurae»i« in favor of jseducing • the hours had been that- ifc twttuld Jiot in-; volve a induction of jmtpufc. Thefact was 'that there hafl-been a. re-., {duction .of output almost in mathe--;! :rnatical proportion to the diminution; rof hours. The deliberate slowing. Sown-was raot confined tsithe.vwork--itrs. [There were evidences of it; aLiiiongithe employers an^ mtinagers. ; ;The.Prime Minister stigmatised as' a dangerous, fallacy the theory that! t&e Jess. on©; worked the. more Avork tJtar© was for everybody. ißeliberatpjy to reduce the output meant all wmiid unemployment on a .gigantic scale. The absoluttj necessity {fprf e\«4'ybody pulling together must be brosight home to the whole country; Jn ( osrder to enable the people to fjliako off the /fatal lethargy and slackness y^Jjid^i was ■ depressing production and: ■;imperiling the most-vital intoirestsi •<;f the nation. ' j