Mr. MacDonald rightly pointed out that the Trans- ference Board
attached particular - importance to emigration, but his own view was that before emigration was pressed our own country ought to be developed. More roads and bridges, he said, should be built ; slums should be cleared and waste land should be drained. Misdirection of capital caused colossal waste. While speculation was encouraged industrial business was neglected. This led him on to attack the -modern type of business director. How could a man do his duty if he were a director of thirty companies ? Mr. MacDonald, of course, knows as well as we do that what is called " relief work " for the unemployed has always proved to be uneconomic. Nobody could object to it if there were no other way, but Mr. Churchill has shown the " more excellent way."
