UNEMPLOYMENT

Wairarapa Daily Times, 10 May 1932, Page 5

UNEMPLOYMENT

POSITION IN GERMANY FROPOSED LABOUR LOAN. Press Association Electric Telegraph—Copyright BERLIN, Monday. The Reiclisrat lias approved a determined attempt to reduce the number of unemployed in Germany by means of a big labour loan which the Reichstag will consider on Monday. The money will be used for land improvement and settlement and public works. The yield to subscribers will be 4J per cent., but the loan is attractive because it will be exempt from taxation. No limit has been placed on the total amount. Meanwhile well-known enterprises continue to close down, including the famous amber works at Palmknicker, East Prussia, on which the Prussian Government has spent £600,000 since 1925 in a vain effort to keep them going. The Junkers aeroplane works at Dessau have also closed. (The centre of political authority in the German Federal structure is the Reichstag, which has 577 members. The Reiclisrat represents the States, and consists of 66 members. It has rights of preliminary sanction of and protest against a Reichstag Bill). BRITAIN’S FIGURES. (Received Tuesday, 11.10 a.m.) • LONDON, Monday. Britain’s unemployed on 25th April numbered 2,652,181, an increase of 84,549 compared with 21st March, and 132,068 above the corresponding period of last year, due to tlie larger number temporarily stopped, mostly in coalmining, in which industry the unemployed has increased to 63,000.