GIGANTIC UNEMPLOYMENT FEARED.
London, August 18. In the' House of Commons Mr. Lloyd George described the economic outlook as grave. The slackening of production would lead in the long run to gigantic unemployment and failure to maintain Labour's recent gains. The Government proposed to empower the Board of Trado to prevent dumping and shield the unstable key industries. He added that ho attached great importance to the fpstering of Imperial trade by improved means of communication with tho Dominions and India.-: United Service.
Dealing with ,the coal production, ho said that the' pre-war output was 287,000,000 tons annually. This year, at tho present rate the figure would be 200,000,000, in. spite of the fact that a greater number of men were employed to-day. A ton of coal cost 10s. to raise in 1913; to-day it cost 2(ls. That was not only partly responsible for the abnormally high prices and other articles,, but it handicapped us in other countries where production was greater and cheaper. No tariff could remedy this.— Aus.-N.Z. Cable Assn.
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Dominion, Volume 12, Issue 278, 20 August 1919, Page 7
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172GIGANTIC UNEMPLOYMENT FEARED. Dominion, Volume 12, Issue 278, 20 August 1919, Page 7
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