LLOYD GEORGE PLAN.

Manawatu Standard, Volume LV, Issue 194, 16 July 1935, Page 7

LLOYD GEORGE PLAN.

BIG LOAN FAVOURED. COMPREHENSIVE POLICY. LONDON, July 14. Mr Lloyd George, with the consent of Mr Stanley Baldwin, publishes his New Deal proposals entitled “Organising Prosperity.” He suggests a prosperity loan of £250.000,000 to finance productive works, the appointment of a National Development Board to survey industrial, agricultural and financial resources, and economic progress and a definite plan of action for financial aid for the development of overseas markets. Cabinet should consist of the Premier and four or five Ministers without departmental duties. A board representing financial, industrial and commercial interests should control the Bank of England. He suggests a central planning board for urban housing and rural development, and the provision of 2.000,000 dwellings in the next few years. The Ministry of Transport should control the main road system, and such projects should be launched as the Charing Cross bridge and the Tyne tunnel. The Government should cheapen travel, unify the railways, develop electrification, develop canals, harbours, telephones and an Imperial air service, nationalise mining royalties, reform the coal industry, organise retail electricity distribution, create an iron and steo'l board, appoint _ a controlling authority for the cotton industry. reconstruct shipping, extend agriculture and land settlement, abolish quotas on the expiry of the Ottawa Agreement, provide tariffs against dumping from abroad and from the Dominions, raise the school-leaving age to 15. reduce weekly hours of labour, institute a five-day week and provide pensions at 60.