HUGE PUBLIC WORKS
HOUSES AND TRUNK ROADS BRITISH £500,000,000 PLAN READY TO MEET RECESSION LONDON, May fi A five-year "pump-priming" plan of public works, to cost £500,000,000, is foreshadowed by the Minister of Health, Sir Kingsley Wood. The works will be chiefly housing schemes and new trunk roads, £120.000,000 being the probable cost of tho road projects. Speaking at Manchester, Sir Kingsley asked the local authorities to prepare a five-year programme to cover capital works. When satisfied that the scheme could be, ultimately approved, the Ministry would sanction loans for the immediate acquisition of land in readiness for carrying out fliV projects. The Government, ho said, must carry out its defence programme with the utmost expedition, and a similar pnority applied to local authorities' air raid work, including police buildings and fire stations.
The five-year plan is largely designed to meet any recession which mav occur when the armaments programme begins to taper off. The Manchester Guardian says that if municipalities note many signs of a slackening in industrial activity they will not hesitate to speed up their preparation of schemes. The more complete they are the better shall they counter a slump.
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Bibliographic details
New Zealand Herald, Volume LXXV, Issue 23037, 14 May 1938, Page 15
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193HUGE PUBLIC WORKS New Zealand Herald, Volume LXXV, Issue 23037, 14 May 1938, Page 15
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