MAY RAISE LOAN.

Star (Christchurch), Volume LXVI, Issue 20314, 25 May 1934, Page 5

MAY RAISE LOAN.

Government Plan to Aid U nemployed. MINISTER GIVES HINT. Per Press Association. AUCKLAND, May 25. “ A lot of suggestions are made to tas for dealing with the unemployment problem,” said the Minister of Employment, the Hon Adam Hamilton, when replying to an Auckland deputation yesterday. “It is our job to see whether we can fit them in in a practical manner with the funds available. After all, we may have to find further funds. We may decide to ask the Government to find us some loan money to assist us with some of our problems. “ You say some of our systems have failed,” continued Mr Hamilton. “It does look a bit as if some of our economic systems, some of our monetary systems and seme of our unemployment schemes are on trial. The unemployment problem is pretty sticky and has given evidence that we cannot get rid of it quickly.” The Minister said he was interested in a suggestion regarding the provision of money free of interest. “We could get money free of interest,” said Mr Hamilton, “ but we would have to watch the result. The scheme might have in it a “back kick” you do not anticipate. I know a scheme was worked with Bradburys during the war, but even then it had unexpected results. Such a scheme might discount all the money in existence, in our country at least.” “It is said that the No. 5 scheme has been a failure, and there is an element of truth in that,” continued thj Minister. ”If ve can get men on full time work at standard rates, that is whr.t we want. We will endeavour to do that if we can. Nearly half our men have gone off the No. 5 scheme.”