BRITISH UNEMPLOYED

Poverty Bay Herald, Volume LV, Issue 17180, 10 February 1930, Page 13

BRITISH UNEMPLOYED

CABINET DIFFERENCES AN AUTHORITATIVE VIEW {Elec, Tel. Copyright—United Press Assn.) (Received Feb. 10, 2 p.m.) LONDON. Feb. 9. What appears to be. an authoritative viewpoint, of the much-discussed dilferenee of Cabinet over unemployment schemes is provided by the Daily Herald's political correspondent. He says divergences of opinion admittedly exist. All Ministers accept the view that the so-called rationalisation 'of industry is inevitable, and some contend that it' is tho business of the Government, and not tho banks, to plan and direct the general process for the attainment of that end. This has induced them to submit suggestions for the formation of what, they describe us a long-term industrial policy. Furthermore,. Mr. J. If. Thomas has repeatedly declared that hopes for an industrial revival must he based on increased exports. Others exjlt'ess doubts as to such trade development, in view of tin* increasing industrialisation of oversear countries which formerly were Britain's customers. They urge immediate steps to relievo the, situation, which would involve a development loan. A memorandum upon this proposal is now being considered by a committee consisting of Mr. Philip Rnowdeii. Mr. IT. Greenwood. Mr. T. Shaw, and. Miss Margaret Bondfield.