§ 46. Major HERBERT EVANSasked the Prime Minister whether, with a view to providing opportunities for employment, he will consider the sanction of credits towards financing the establishment of new industries for producing articles now wholly imported from abroad for which there is an assured home market of substantial and increasing extent?
§ The PRIME MINISTER (Mr. Ramsay MacDonald)I fear that the hon. and gallant Member's suggestion is impracticable.
§ Major EVANSMay I be informed why it is in practicable? Seeing the quantity of money we are paying out to the Employment Exchanges now, cannot some of that be transferred in the form of credits?
§ The PRIME MINISTERThat proposal has been consistently opposed by the party to which the hon. and gallant Member belongs.