'To show the danger of such concep tions imagine them having existed' about 30 years ago. If there had there is a suspicion that higher wages fare no longer felt to be desirable by the Administration. Employers, also who have in many cases found that Jcodes sheltered their profits, will oppose such a plan.
Labour is also showing anxiety over the Administration's Housing Plan' which will, during the summer, play the role of the Civil Works Adminis ration during the winter, that is to} say, the role of taking up the slack' in employment caused by the continued failure of "pump priming" or any Jether scheme to, bring about the: "abundant life." " There is, however, Jone big difference between the hous. jing programme and that of the Civil Works Administration. "The Civil JWorks Administration aimed at geting as much government money into the hands of the people in as short ime as possible. The housing programme does not rely upon public Htunds supplied by the government. It is an effort to get private funds into service. Private bodies will be en-
Jeouraged to loan money, with the government guaranteeing 20 per cent. Jot the loans, and the public' will be lurged to borrow for home improve ments by impressing upon the f that now is the time to. get it done to[feasonable rates. Once again the: policy of industrial price reduction is adopted.
Three Costs There are three costs to be considered; the interest rates on borrowed money, the cost of building materials jand the wages paid to the workmen. [Government supervision of loans and partial insurance of the loans will, it hoped, bring down the interest Jcharges of private building and loan societies. Building materials which fare still some 25 per cent. below the 1926 level (at one time held to be the price level which the President was
Hhoped, be brought still lower. Tt wi Srxious 9 "recstablish) wil, itis be put up to the producers of these materials that perhaps, if they were guaranteed a greater volume of pro-Jduetion, they would be able te charge. less. The Railroad Ca-ordinator Mr.
Text read from the printed page and cleaned; old type leaves the occasional error.