FEAR OF WAR
Rearmament Causes
Productivity
NORMAL TRADE LESS (United Press Assn.—Telegraph Copyright.) (Rec. 6.30 p.m.) London, May 23. The annual report of the International Labour Office, one of the most outspoken ever issued, points out that much of the remarkable increases in the output of pig iron and steel and the activity of the chemical, motor-car and coal industries in Germany, Japan, Italy, Britain, Czechoslovakia and elsewhere is due to rearmament. Therefore, it says, it is sinister that many of the countries cut down their imports of materials required in normal economic activity. Unemployment has not decreased in France, Holland and Switzerland, and even in Britain, while in America it exceeds the pre-depression level. “International trade is still perilously restricted. The greatest obstacle to the restoration of confidence is now not economic, but a political fear of war which has become almost a panic, says the report, which urges a new economic conference.
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Bibliographic details
Southland Times, Issue 22898, 25 May 1936, Page 7
Word Count
154FEAR OF WAR Southland Times, Issue 22898, 25 May 1936, Page 7
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