Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1921-10-20
Lloyd George on |
British Policy on \
Trade and JObleSS

LONDON, OCT. w OlloWlHS CiuSetSi
upon the British governments AMI
nounccd determination to aid in soly.l
ing the unemployment situation by Thea
extension of extraordinary large cred.'
it's and the declaration that no Brltoa
is to starve. Premier Lloyd-Georsss
delivered a notable address in par.i
lament today outlining the govern
mcnts policy both with regard I'll
trade and unemployment.
The premier declared that the et.l
tire situation was the result of thai
World War and that a good under.
standing between nations, toscthe.f
with trade rehabilitation. was the es.
scntial remedy for cure.
In outlining the governments pro-,
posals to alleviate unemployment Mr.
Lloyd George made the following dec.
larati !
Peace and good understandings
among nations is vital. Let US set oYt.
of the atmosphere where if YOU tals
about a German without a frOwn nd
your brow YOU are no patriot. Trad4a
can not start in such an atmospheric
If YOU intervene to make peace You
motives are misunderstood: hut Il
Great Britain will not do it. who willg
We stand for stability. We want "a
see the nations to begin again It'd
tasks of peace" Z
The entire speech of the Ircmea
was a pleas that the country Is suft
/ fcring from the results of the var
and Il declaration that restoration
rests upon the revival of induSt ry an :
! the rehabilitation of the purchasing
power abroad, and that a revival Ia
trade depends largely upon the bring
! ing about of a good UNDERSTANDING
among nations.
! Mr.. yd-GeorGe spiritcdly Justified
the steps the government already hadA
| taken to meet the unemployment
problem. lie commended that tie Brir J
fsh plan of imposing heavy taxations
was much better than the mcarsa
adopted by some countries-crcatin.s
| an artificial credit and producing al
| fcverish boom to be followed spccdyN
by serious reaction. A
men prosoped conditionally to guar Il
antoe interest on loans aggregatingA
100000 pounds sterling for use III
capital undertakings. providing cmy
/ ployment or for the purchase OF ma a
| terials for manufactures and also IA
I allocate 100000 pounds sterling fol
| the assistance of relief work. and IAN
ter the establishment Of a fund for,
! workers Independents.
The premier argued that IN TIA
problem of unemployment relief WORM
was unsatisfactory and the dole sysS
| tenn worse. He admitted that to trS
| to stimulate trade abroad would in
! volve the government in some risG}
| but he declared it was better to taka
| the risk than to stand still. The GOV
| eminent. therefore, had decided to cxa
tend its exports scheme to othe
countries, including the British dom Z
| inions. n
He also proposed further assistant
for state aided emigration of forme
service men; the ALLEGATION of 10,MN
pounds sterling for relief work II
forestry and drainage; additions
assistance to the local authorities; "a
share in the interest on loans raise
to. start public works and an eXten,S
sion of the benefits under the unem&
ployment insurance by an additions,
levy of two pence. n
Concerning proposed guarantees ~
interest on loans raised by any dog
minion or colonial governments eAi
any foreign government or local al +
thorities, for essential enterprise !
such as identification and watcrway h
which would provide immediate en-
ployment in the United Kingdom thN
premier explained that the total lin N
bility of the government would d
'R3, 0O0,0 900 and that II committee "a
men of high authority and knowledSst
would be created to administer thVa
scheme. -