The New York herald., 1921-10-20
WORLD AM|TY ONLY
CURE FOR INDUSTRY
Lloyd George Says Its the
Way to Meet Unemployment
and Trade Depression.
BLAME PLACED ON WAR
Allied Indebtedness Is Thrust
Into Industry's Crisis by
Asquith.
BLAME PLACED ON WAR
BIZ the Associated Prcss.

LONDON, Oct 19.-FoIlowing closely
on the British Governments an
nounced determination to aid in solv-
ing the unemployment situation by
the extension of extraordinarily large
credits and the declaration that no
Briton is to starve, Prime Minister
Lloyd George delivered notable ad-
dress in Parliament to-day outlining
the Governments policy both with re-
gard to trade and unemployment.
The Premier declared the entire
situation was the result of the world
war and that good understanding
between nations, together with trade
rehabilitation. was the essential remedy
for a cure.
In outlining the Governments pro-
posals to alleviate unemployment Mr..
Lloyd George made the following
striking declarations:
Peace and a good understanding
among nations is vital. Let US get out
of the atmosphere where IL you talk
about a German without "a frown on
your brow you are no patriot. Trade
cannot start In such an atmosphere.
II you intervene TO make peace. your
motives are misunderstood. But IL
Great Britain will not do IL. who will?
We stand for stability. We want to
see the nations begin again the tasks
of peace"
The situation In England as regards
trade and unemployment is worse than
at any time since the end of the Napo-
leonic wars. the Prime Minister declared.
At present. he said there are 1,750.000
persons unemployed, and added that the
greatest unemployment. to the extent OF
II per cent. was in the metal trades.
The entire speech of the Premier was
plea that the country is suffering from
the results OF the war. and a declara-
tion that restoration rests upon the re-
vival OF industry and the rehabilitation
Of the purchasing power abroad. and
that revival OF trade depends largely
upon the bringing about of good un-
derstanding among nations.
Mr. Lloyd George contended that the
british plan OF imposing heavy taxation
was much better than the means adopted
by some countries creating an artificial
credit and producing a feverish boom TO
be speedily followed by serious reaction.
The Premier said the Government pro-
posed condtionally to guarantee interest
OF loans aggregating f25.0o0,o0o for use
in capital undertakings providing en-
ployment. or for the purchase OF mate
rial for manufacturers. and also To
allocate 10000. 600 for the assistance OF
relief work and later the establishment
OF fund for workers dependents.
The Premier admitted that TO try 20
stimulate trade abroad would involve
the Government in some risk, but re
declared il was better TO take the risk
than TO stand still. The Government.
therefore. had decided to extend its cx-
ports scheme TO other countries. incl'id-
ing the British doinnions
He also proposed further assistance
for state aided emigration OF former
service men; the ALLEGATION OF 10000 90
| for relief work IN forestry and drainage.
additional assistance TO the local au-
thoritiss; to share in the interest OF
loans raised to start public works. and
an extension Of the benefits under the
unemployment insurance by an addi-
tionsl levy OF two pence.
In the course OF his speech Mr. LLOYD
Gsoree referring 20 trade with Russia.
said there had been no restrictions on
the British side TO such trading. but
! that the total trade FOR the first eignt
months OF the present year had been
only fs.i50.ooo. which showed there was
not an unlimited field in Russia for Brit
fsh or any other enferprfsc