PEACE changes

Waikato Times, Volume 106, Issue 22689, 17 August 1945, Page 4

PEACE changes

■reconstruction plans PROPOSALS IN AMERICA ■mPLOYMENT : RATIONING Pr<*«= Assn.—Elor. Tel. Copyright) WASHINGTON, Aug. 16 The sudden ending of most nations’ contracts would cause an imlarge dislocation of AmeriHn economy, with sharp but temunemployment, but the United is not returning to long of mass unemployment. This stated by the reconversion direcMr J. W. Snyder, in a long report. highlights of the report are that all military contracts be terminated immediately, those for experiments and Secondly, at least will be released from the within the next year, inunemployment is expected from the present 1,100,000 to or more within three and perhaps 8.000,000 before spring. All manpower controls now to be removed. jf|gf Lifting of Controls many production and controls will be lifted. collective bargaining regardwages will be restored wherever ceilings arc not endangered, and rent ceilings and wage must be continued beof inflation. Sixthly, Mr requested legislation providfor increased unemployment increased wage tax and a to stimulate production maintain markets, a public appropriations. Snyder estimated that it would at least 12 to 18 months to reach expanded peacetime economy for full employment. He four major oconomic obiecjobs for all willing and able to a steadily rising living stana stabilised economy to avoid and deflation and increased fo r farmers and busi■s men. War Department announced dollars yearly cut procurement of munitions and ; Cost of War figures show that the States has spent over 300,000,dollars directly on the war far. The total will be much before the last soldier is disand the last contract paid O P.A. announced the immedi- !■ termination of the rationing of canned fruits and vegetables, oil and oil stoves. Meats, fats, butter, sugar, shoes and tyres continue to be rationed until Solitary cutbacks and increased probring civilian supplies more in balance with civilian deH^Kids. has discontinued petrol fuel oil rationing.