UNEMPLOYMENT.
AMBITIOUS SCHEME MOOTED IN GERMANY. FORMATION OF PUBLIC WORKS COMPANY. - r MOBILISATION OF CREMf. " United Press Association. —By Electric Telegraph.—Copyright. (Receive,! Monday, 7 p.m.) LONDON, August 3. “The Times” Berlin correspondent states that Germany is tackling her problem of three million unemployed by the formation of a public works company with a capital of seven and a half millions sterling and reserves at eleven and a quarter millions, with a strong board, -supervised by a Government commissioner, for the execution and extension of productive schemes, through taking up home and foreign loans, granting credits to public corporations and other undertakings. A communique explains that the Budget amounts allotted to unemployment schemes are declining yearly. Therefore the Government, which has accumulated twenty millions sterling in credit claims on the bodies to which the grants are made, will mobilise this amount and also raise ten millions of foreign loans, including Anglo-Ame-rican, in the next three months. This will enable an unemployment programme to be drawn up several years ahead.
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Wairarapa Age, 5 August 1930, Page 5
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168UNEMPLOYMENT. Wairarapa Age, 5 August 1930, Page 5
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