17 NOVEMBER 1928, Page 2

The debate on unemployment was continued last Saturday. Mr. Snowden

followed Mr. Clynes in making his criticism purely condemnatory. Indeed, he frankly declared that it was not business of the Opposition to . make any constructive suggestion. In this respect Mr. Lloyd George was more helpful, although he traced most of the .distress to .a premature return to the gold standard which he said had • reduced our competitive capacity abroad by ten per cent., while increasing our credit. His main argument was that our credit should now be used for extending industry and not be hoarded up. for a favourable debt-conversion next year.