Labour policy—false and true : $b A study in economic history and industrial economicsMacassey, Lynden Livingston
History
Labour policy—false and true : $b A study in economic history and industrial economics
Macassey, Lynden Livingston
Industrial policy -- Great Britain; Labor economics -- Great Britain; Labour Party (Great Britain)
To meet the extension of unemployment, in the autumn of 1920, the
Government created a special fund for expediting the construction of
new arterial roads and the improvement of existing roads of importance.
The fund amounted to £10,400,000, consisting of: (1) £4,000,000 to be
contributed from the Road Fund (established under Sections 2 and 3 of
the Roads Act, 1920, from the proceeds of the duties on mechanically
propelled vehicles and horse-drawn carriages and drivers’ licences,
less £600,000 payable to Local Taxation Account); (2) £1,200,000 to
be contributed by the Treasury, and (3) £5,200,000 in loans from the
Treasury to local authorities. The scheme provided for a grant from
this fund to local authorities who expedited road works approved
by the Ministry of Transport, of one-half of the cost, and if the
local authorities were not able to find the other half, for a loan
for that amount repayable within five years, at Treasury rate of
interest. A condition was that one-half of the cost of the work should
be labour cost; if the latter fell below one-half, the grant would
be proportionately reduced. In addition the Government passed the
Unemployment (Relief Works) Act, 1920, on December 3, 1920, which by
the Expiring Laws Continuance Act, 1921, is continued in force till
December 31, 1922. This Act expedites and simplifies the procedure for
compulsorily acquiring and entering into possession of land for works of
public utility intended to mitigate unemployment.
The 1920-21 Programme
On March 31, 1921, the commitments on this special fund, in respect of
road works commenced to relieve unemployment, were as follows:
---------------------+---------+-----------+-----------+-----------
| No. of | | |
| Schemes.| Grant. | Loan. | Total.
---------------------+---------+-----------+-----------+-----------
| | £ | £ | £
Metropolitan area | 23 | 1,200,000 | 623,000 | 1,823,000
Remainder of England,| | | |
Wales and Scotland | 130 | 1,762,000 | 1,255,000 | 3,017,000
| | | +-----------
| | | |£4,840,000
---------------------+---------+-----------+-----------+-----------
A description of the schemes will be found in the “Report on the Road
Fund for 1920-21,” _Parliamentary Paper_, 1921, Cmd. 245.
The 1921-22 Programme
Public-domain text, read in full here on John Shaqi.
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