BRITISH UMEMPLOYED.
CABINET RELIEF SCHEME.
LOANS FOR PUBLIC WORKS.
MILITANT LABOUR MAYORS. By Telegraph—Press Association—Copyright. A. and N.Z. LONDON, Sept. 16. It is officially announced that the committee of the Cabinet appointed to consider unemployment has adopted the following scheme of relief: " Where local authorities put in hand approved works which are not revenue producing, the State will give grants equal to 50 per cent, of interest and sinking fund charges on loans for a period of half the term, of the loans, the, maximum being 15 years. In case of revenue producing works grants will be paid equivalent to 50 per cent, of interest on loans for not less than a decade. These grants will be repaid in five years." After an abortive meeting with the Cabinet Committee earlier in the day, 15 London Labour Mayors decided to go to Inverness on Sunday to see Mr. Lloyd George, though Mr. Lloyd George definitely refused to meet them. They said that they were determined to urge that unemployment was not a local, but a national responsibility, and the scheme of the Ministry of. Health for assisting finance was totally inadequate. The Government should make grants on non-pro-ducing works equal to half the interest on loans raised by local authorities, plus half the sinking fund charges.
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Bibliographic details
New Zealand Herald, Volume LVIII, Issue 17890, 19 September 1921, Page 5
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215BRITISH UMEMPLOYED. New Zealand Herald, Volume LVIII, Issue 17890, 19 September 1921, Page 5
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