Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-10-20
ARE
EMPL OYED IN
GREAT BRITAIN
Situation Is Worse Than at
Any Time Since the End
of the Napoleonic Wars,
SAYS Prime Minister.
By The Associated press.)

London, Oct. 10 (by the Associ-
ated Press 1.-The situation in
England, as regards trade and un-
employment is worse than at any
time since the end of the Napol-
comic wars, declared Prime Minis
ter Lloyd George in the house of
commons today, in outlining the
governments policy on these two
subjects.
At present, he said, there are
1,750,000 persons unemployed and
added that the greatest unemploy-
ment, to the extent of II per cent.
was in the metal trades.
He declared that the cause for
this situation could all be summed
up in one word--war.
Plan of Alienation.
AS a part of the governments
plan of alienation, he said, the
government proposed to ask parlia-
ment for an appropriation of
another 100000 to enable ex-ser-
vice men to emigrate to the domin-
ions, whittier he said $4,000 al
ready had settled with government
assistance.
Turning to the question of trade,
Mr.. Lloyd George said there were
undoubted signs of revival in some
of the most important industries
of England, but that also there
were very important industries
which were not showing signs of
revival. He said it was true that
trade was beginning to move, but
that a man would have to be very
sanguine who could predict re-
turn to normal conditions at an
early date. He added that the
government proposed to America
the export credit scheme.
Mr.. Lloyd George declared IT
was obvious that neither the ex-
porter nor the importer could
build upon "an acrobatic basis of
exchange" 1t was proposed, he
said, to raise the guarantee to
traders from IS per cent to 100 per
cent and to fix maximum for
each firm to be determined by an
advisory committee. He said the
first proposal of the export credit
scheme was that it should apply
to countries whose credit was prac-
tically destroyed by the war, but
that it now was proposed to extend
It to other countries, including
those of the British empire.
Cost of Production.
The premier also said the cost
of production was too high AMI
that a second difficulty was that
of raising capital for some enter
prises. He declared the govern
ment proposed to assume power on
certain conditions, to guarantee
the the payment of interest on
loans to the amount of f25,00O,0O
to be raised for purposes of car
rying out capital undertakings.
providing employment or for the
purchase of materials for manu-
features. The government also
proposed, he said, to allocate
f10, 100000 for the assistance of
relief work. forestry and land
drainage.
Another proposal was for the es-
Enlistment within six months of a ,
fund for workers dependents. Out
of this fund the unemployed work
ers who are receiving unemployed
benefits would receive grants to-
ward the maintenance Of their
wives and children. These grants
would be subject to maximum
limit of nine shillings a week at n
weekly rate of five shillings for
the wife and one shilling for each |
child. The grants would be OBJ
tanned by a compulsory levy upon
to the unemployed in
surance fund as follows:
Two pence each for the employ
er and the employee and three |
pence for the government.