HUGE RELIEF SCHEME

Sun (Auckland), Volume IV, Issue 1042, 5 August 1930, Page 9

HUGE RELIEF SCHEME

GERMANY WILL RAISE LOAN FOR WORKS PUBLIC COMPANY FORMED Times Cable LONDON, Sunday. The Berlin correspondent of “The Times” says Germany is dealing with the problem of her 3,000,000 unemployed by the formation of a Public Works Company with a capital of £7,500,000 and reserves totalling £11,250,000. The company has a strong board, supervised by a Government Commissioner, for the execution and extern sion of productive schemes through the taking up of home and foreign loans and the granting of credits to public corporations and other under takings. A communique explains that the Budget amounts allotted to unemployment schemes are declining every year. Therefore the Government, which has accumulated £20,000,000 in credit claims on bodies -to which Braflts are made, will mobilise this amount and also raise £10,000,000 in loans from foreign countries, including Britain and America, in the next three months. This will enable an unemployment relief programme to be drawn up several years ahead. ITALY’S MEASURES HOUSES AND PUBLIC WORKS Times Cable * LONDON, Monday. The Italian Governmen is intense tying its policy of carryii*, out public works in pursuance of its plan for relieving unemployment. The first instalment of the plan provides for the- building of apartment houses for telephone and tele graph workers in eight of the principal cities, also for railway employees in 50 towns, at a cost of £1,236,000. Other public works authorised will cost £730,000. The Minister of Communications has proposed a railway programme which would employ £15,000 workers. The Health Ministry is having built nine tubercular hospitals with 2,500 beds, in addition to 12 with 3,000 beds, which already are under construction. The rebuilding operations in the area of the recent earthquakes in bouthern Italy will employ 3,000 men