Bill to Establish Fund for Work on Colonial Schemes London, July 12, The House of Commons to-day, agreed a "money" resolution moved by Mr. J. H, Thomas, the minister jin charge of unemployment, relat~ ing to the Colonial Development Bill, which he will shortly introduce in accordance with his speech at the opening of Parliament, whea, outlining his suggestion to remedy unemployment, he pointed out that many schemes in the Colonies were held up owing to lack of funds.
The Colonial Development Bill provides for the establishment of a Colonial Development Fund of £1,000,000 a year for the extensi the benefits of the Colonial Stock Act, to facilitate borrowing by- ver protectorates and mandated territories. It will also permit the amendment of the Palestine Lo JAct and the East African Loan Act. {t will enable interest to be added to capital during the period at construction of schemes in tha Colonies, and wi the period of loans,
Text read from the printed page and cleaned; old type leaves the occasional error.