PUBLIC WORKS NEEDED

Press, Volume LXXXII, Issue 24913, 28 June 1946, Page 7

PUBLIC WORKS NEEDED

MODERN BRITAIN AND COLONIES

£50,000,000 EXPENDITURE SUGGESTED

(Rec. 8.30 p.m.) LONDON, June 26. “There is a great programme of public works with a capitalisation of £50,000,000 needed by modern Britain and the colonies,” said Mr Herbert Morrison, Lord President of the Council, at a meeting of . the Institute of Civil Engineers. “New towns will be needed with all their equipment of transport, industry, and services.” “We are striving to organise our affairs so that never again will we see in Britain the cancer of mass unemployment,” said Mr Morrison, outlining the Socialists’ aim. “We believe that irregularities of total public and private capital expenditure, which cause and aggravate depressions, can be avoided. We shall regard it as good common sense when private investment is falling 'away to encourage sound capital expenditure by public authorities. On the other hand, when inflationary pressure is severe as at present, common sense calls for holding back of expenditure on a number of public works which would aggravate the manpower difficulties if put in hand too soon,”