The Archive · 1930

Loan to Assist Unemployed

Japan Proposes to Float

'¥49,600,000 Issue Tokyo, Nov. 23.

In order to cope with the unemployment problem confronting the nation, the Government has informally decided to float an. unemploy ment loan totalling ¥.49,000,000 in-eluding ¥.20,000000 for the Hom: Office, 10,000,000 for the Department' of Railways, Y.4,000,000 for the Department." of Agriculture and ¥.5,000,000 for the Department of Communications. The proposal will be formally approved at a Cabinet meeting to be held sh The Seiyukai, the main eppositisn party, is regarding the attitude of the Government with much distproyal in view of the plan to float the unemployment loan. According to the Seiyukai, in spite of the high-sounding policy to refrain from cans adopted by the Government, the Hamaguchi administration has been obliged to change this policy in view of the difficalt unemploynient problem, This proves, the Seiyukai declares, that the Government is at the end of its tether in the realization of its policies and to make matters worse has resorted to a loan policy to relieve unemployment departing from all precedents in the matter.—Rengo.

Text read from the printed page and cleaned; old type leaves the occasional error.

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