THE “NEW DEAL”

Wairarapa Daily Times, 22 July 1935, Page 5

THE “NEW DEAL”

* MR LLOYD GEORGE’S PLAN GOVERNMENT CRITICISM. Cress Association Electric TRleerach— i (Received Monday, 9.50 a.m.) LONDON, Sunday. "In every field that Mr Lloyd George the Government has already •taken action which has produced results wider, more comprehensive and more i[beneficial than any of his programme »ican effect," says the Government in a long statement, rejecting the "New Leal." Mr Lloyd George apparently believes the people can be shaken out of blank pessimism not by concrete measures, but by the establishment of some spectacular new machinery of government, which is vaguely expected to ■evolve a whole new programme of nat- / lional regeneration in twelve months’ ■h|ime. Hi sproposal to raise a big loan advance of the time when it was required to be spent would involve financial dislocation and be deflationary in ■effect." The Government argues that beyond the public works programme there is nothing in the plan likely to directly affect the amount of employment available for a considerable time. The statement traverses the Government’s record . in this respect and its future x>rojects. a presses the opinion that progress 1 be slower under Mr Lloyd >e’s new machinery than at present. His proposed settlement of half a million workers in agriculture could be achieved only, if at all, at the cost of a large increase in the price of food and injury to friendly relations with the Dominions and other countries., The statement points out that one of f he' most important parts of the Empire would be gravely affected by the exclusion of £92,000 worth of foodstuffs. New Zealand might lose at least a cjuarter of her trade. Australia and G’anacia, though they might find some compensation for serious losses in increases in sales of animal feeding stuffs, could not escape severe dislocation of industries. . . , . The Government is of opinion that no If" single statutory body could carry out 9 the work the plan seeks to impose on ' a National Development Board. A small instead of a large Cabinet would intensify rather than simplify the problem.