25 DECEMBER 1920, Page 1

The Prime Minister remarked of Mr. Henderson's demand for a

Royal Commission and of his proposal to " stabilize induct' y " that we might as well talk of stabilizing the sea. Unemployment was less serious here than in any other country except France, and it was less serious than it had been in the winter of 1908-9. Housing schemes were stopped for lack of workmen, and yet tho builders' unions refused to admit new members. As there were a million houses to be built, there was no reason to fear un- employment for years to come, although the Government could not guarantee builders against unemployment for all time. Mr. Lloyd George said that the Board of Trade was considering a credit insurance scheme, so that Central Europe could buy our goods and pay for them gradually. He looked for relief to a well-considered Imperial emigration scheme. A trade con. ference of employers and workmen might do more to restrict unemployment than a Royal Commission. We comment upon the debate elsewhere.