Then follows a series of measures for the restoration of overseas commerce. The root of the problem of unemployment lay, it was said, in the revival of industry and of commerce abroad. “The Government had shirked that duty,” and these were Labour’s demands: (_a_) An end to be put to wars, and all expenditure on armaments and semi-warlike expeditions in this and other countries. (_b_) The immediate inception of trade with Russia, and normal political relations with the Soviet Republic. The Russian Government was known to be ready to supply to this country large quantities of timber, hide, flax, platinum and gold in payment of extensive supplies which it needed of railway equipment, means of transport, agricultural machinery, implements of all kinds, clothing, boots, and a thousand and one other commodities. This necessitated and justified the immediate conclusion of an effective trade agreement with Russia. (_c_) The restoration of production in, and trade with, other continental countries, but not under the export credits scheme of the British Government—which is “merely an attempt to enable British manufacturers to palm off their surplus goods upon foreign countries instead of supplying the goods to those countries which they really need.” The ordinary normal course of international trade is then described, with this naïve observation. “At present, however, conditions in Central Europe are such that, without further assistance, it is very doubtful if this normal trade transaction would be carried out.” The report is most admirable in its modesty as to what “further assistance” it recommends. We may assume that if a recommendation had been available, that would stand criticism, it would have been proffered. The only proposals which the Report advocated were as follows: (1) The fixing of the German indemnity at an amount which is both reasonable and practicable in order to end uncertainty and encourage the re-establishment in Germany of normal production. (2) Credits to be provided for “several European countries” (unfortunately left anonymous), and to be devoted to the production of commodities of which there is no danger of overproduction, and the provision of transport facilities; the granting of these credits to be conditional on the removal by the benefiting-state of all barriers against trade and on rehabilitation of its currency. (3) All Governments boldly to intervene to arrange on a large scale the barter of whole stocks of surplus commodities. “This, while yielding no profit to speculators, would do much to revive economic prosperity and set going the wheels of industry.” (4) The reorganization of the continental transport systems and the institution of unified control, under the League of Nations, of the railway system between Germany and Russia. (5) The encouragement and fullest possible use, for trade transactions, of the Co-operative movements of the various nations of Europe.