BRITAIN’S PROBLEMS

Poverty Bay Herald, Volume LV, Issue 17407, 4 November 1930, Page 9

BRITAIN’S PROBLEMS

THE LIBERAL REMEDY PROPOSALS OUTLINED DEVELOPMENT PROJECTS (Elec. Tel. Copyright—United Press Assn.) (Received November 4, 5 p.m.) LONDON, Nov. 3. “Britain’s position rather resembles Australia’s, except that we can finance ourselves from savings. Wo still have great, overseas investments, and we have not suffered from the enervating effects of tariffs,” _ says a Liberal pamphlet dealing! with unemployment and signed by Mr. Lloyd George. Lord Lothian, and Mr, Seebohm Rowntree. “The real facts must be presented in such a manner as to compel action. Tlie Lest course in that respect would he, a conference representative of employers, trades unions, banks, and distributors. to which tlie Government would point out the seriousness of the industrial position.” The pamphlet proposes a 10 per cent, cut- in national expenditure on the recommendations of a new “axe coinmittee reporting within six months, and also the creation of 100,000 family farms, aiming at, the capture of as much as possible of tlie £2C0.000.0C0 worth of dairy products imported from abroad. The proposals include a £250,000,000 loan to finance a variety of schemes in connection with roads.' housing, town planning, telephone and electrical development. providing, together with the agricultural proposals, work for 700.000. which figure, rising to 1.000.000 is that at which the booklet puts the number of unemployed in excess of those normally in the course of transfer between industries, which is persistent since the war. Tt fears that unemployment will reach 2.500.000 before Christmas. •

It is also proposed to encourage industrial banks to restore I lie export credit system, especially with a view to the development of Russian trade, and to vigorously press for Empire development. anil also advertise British grown goods on the lines of the Marketing board. . . It adds that the leal way out is increased efficiency, meaning that trade, unionists must not limit output, and ail parties to industry must make similar sacrifices.