BRITISH TRADE
ASSISTING INDUSTRIES. WORK FOR THE UNEMPLOYED. LOANS TO BE GUARANTEED. Presa Association—By Telegraph—Copyright LONDON, September 30. (Received Oct. 2, at 0.20 a.m.) Dr T. J. Macnamara (Minister of Labour), speaking at Nottingham, announced that the . Government was finding an extra ten millions to help municipalities to give work to the unemployed. It had also sanctioned credits amounting to £21,000,000 to help traders to recover foreign markets. This would continue for about another year. The Government was also guaranteeing loans to the extent of £25,000,000 for the electrification of railways, docks, and other works. It was proposed to raise this amount to £50 t OOO,OOO. Dr Macnamara added that since the slump the Government and municipalities had provided £40,000,000 to £50,000,000 for work for the unemployed, and would spend a further £10,000,000 during the winter. He said that under the unemployment insurance scheme £95.000,000 was available for the coming winter and spring. In these difficult times the British people were making a splendid effort to get trade and finance back to normal.—A. and N.Z. Cable.
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Bibliographic details
Otago Daily Times, Issue 18674, 2 October 1922, Page 5
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176BRITISH TRADE Otago Daily Times, Issue 18674, 2 October 1922, Page 5
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