'Movement in' Great Rus: country. Some variations between in thirty years it was clear that no areas may be desirable by reason caveat discovery of gold in the future of differences in cost of living, cost was going to have a similar effect of transport to work and other Tocal jupon the amount of gold required reumstances, but they should be for monetary purposes. was ordered to deliver What would be the effect on 'The Report recommends that the' ments relating to the unemploy-silver? What was the amount of oat of the mew service should silver we could expect to get? be borne by the Exchequer, but that The proposal" was that the ce local authorities should donteibute tral banks should agree to accept a share, as they must have a finan-certain proportion "of silver at cial interest in their decisions. a5 when Great Britain went off the fixed ratio to gold and that that Unemployment benefits, the Re-gold standard and the pound now price of silver should be the market purchased more in commodities port points out, cost the Exchequer rice. If it was going to be the 480,500,000 this year us compared than five years ago. This was market price there would" be no with 211,800,000 in. 1028, Tt re-sufficient evidence that no one need be perturbed about the fall" in great inducement for those hoards commends for safety that estimates to come out in India and China. sterling. should be based on a total of three They would not come from China He expressed the view that if millions unemployed. because China wanted her silver for Principles for the guidance of silver were once more put in an local authorities in making grants appropriate position in relation currency, unless silver rose highly tobin price when she required less under the proposed scheme of the monetary systems of the world, silver. industry and trade would benefit employment insurance are set forth Supposing the price of silver rose by''the Commission. In assessing more than from any other single to two shillings and thus got 1,000,- Denefit, no account should be taken One measure of relief which he 00,000 ounces. of silver—the high-of capital assets under £50, but shilling ® week should be deducted advocated was state assistance to ext possible figure—that would only enable the Cunard Company. to mean an addition of the equivalent for every £26 over this amount. Dis-$100,000,000 in geld to the ava proceed with the projected construe-ability pensions should ba ignored, ion of its two giant liners. He able supplies "of #2,500,000,000. and special adjustments in. regard That was only two per cent. which pliennts their own houses. to rent should be made when. apbelieved this could be done by would be too small. to make an means of a loan or guarantees preciable effect, and" even. the jour any cost to the star The Commission express the view supplies of silver were not that the insurance scheme must fe was certain that legitimate koing to add to. the visible supplies ways in which the credit of the possess flexibility in order to permit of gold more than. 2 per cent. An adjustment to changing ind country could be used to help industry might be discovered if an could be argued that bringing silver He id not see, therefore, how trial conditions, and recommend the establishment of an independent expert committee were set up for help ost gold was, in tee prevent jon og an advisory circumstances of the world, going 0 ister of Labour and suggested that the be of any' effective help t0 ts, even Jembargo on loan issues he removed to keep the scheme constantly under supposing we could get what he was jax early as possible. review, This body would report ai certain we could not get namely, an Sir Herbert Samuel, who recently, unally on the finances of the scheme agreement among' all the central and make suggestions. for keeping resigned from the post of Home Danks to adopt a system. He was the insurance fund solvent and self [Secretary in the National Govern-not very hopeful, therefore, that any stipparting. ment, expressed a hope that an opbimetalic proposal would help portunity would be taken at the over our present difficulties.
Sit looming World Economic Conference 'The House of Commons at the achieve definite results on the conclusion of ° Be." Chamberlain's tariff and other restrictions on. [speech adopted without a division the 'The three. days' debate on une monetary questions and other mat-Labour" motion, which expressed employment in the House of Comters of world-wide importance. Only.
Parliament's concern at the present mons came to an end. to-day, the Joy such means, he said, could they. volume of unemployment and wel-final' speech being made by" Mx. secure an early' return to prosperity. comed all measures dealing with it. Neville Chamberlain, "Chancellor of and end unemployment. If the the Bxechequor. armament Conference would simul-Many important proposals have taneously be brought to a successful been put forward" daring the conclusion it would go far to en-debate for finding. means to reduce
Text read from the printed page and cleaned; old type leaves the occasional error.