The Cabinet has approved a plan to float. an unemployment relief loan of 34,000,009 Yen shortly.
Although this indicates a reversal, or at least a modification, of the Government's "no-loan" policy, the nance Department" apparently feels compelled to resort to this stop owing to the lack of other means of assisting to ease the unemployment situation, which is causing increasing anxiety.
Officially the number of unem-played is put at about 400,000, but unofficial estimates place the number considerably higher. In addition it is to be noted that about 300,000 tons of shipping are at present tied up, throwing 5,000 sea~ men out of employment.
The proceeds of the contemplated Joan will be appropriated for the construction of roads, railway repairs and other public works.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.