In addition to the grant schemes set out above it has been agreed to guarantee under Part I of the Act a loan of 206,000 for expenditure on an electricity supply scheme estimated to cost 236,000 .sx The total estimated cost of the electricity scheme approved under Part I of the Act is therefore 319,722 , and the total for schemes of all classes 28,447,230 .sx The following Table shows the schemes approved for grant of the recommendation of the Committee appointed under Part II of the Act ( the Unemployment Grants Committee ) from 1st June 1929 , to 30th September , 1930 ( including those contained in Cmd .sx 3449 and Cmd .sx 3519) .sx The figures in this Table represent 2,397 schemes submitted by 865 local authorities and other statutory bodies :sx The following Table contains a summary of the various types of scheme approved under the Act , together with the estimated cost of each type of scheme :sx - .sx Section II of Cmd .sx 3519 outlined progress under the Colonial Development Act until 28th February , 1930 , by which date schemes involving a total estimated expenditure of 5,650,000 from Home and Colonial funds had been approved under the Act .sx Up to 30th September , 1930 , further assistance had been recommended by the Colonial Development Advisory Committee in respect of development works in Kenya , Tanganyika Territory , Northern Rhodesia , Nyasaland , Somaliland , Gold Coast , Nigeria , the West Indies , Cyprus , Mauritius , Seychelles , North Borneo , Fiji , British Honduras , Western Pacific , Palestine and Trans-Jordania , Falkland Islands , St. Helena , Bechuanaland and Swaziland .sx The total estimated cost of the schemes recommended for assistance by the Committee from its inception until 30th September , 1930 , and approved by the Treasury , was 8,374,697 .sx Of .sx this total 4,122,440 represented the cost of schemes in East Africa , which will be met by the Governments of the territories concerned from loans raised under the Palestine and East Africa Loans Act , 1926 , as amended by the Colonial Development Act , 1929 .sx Of the total of 8,375,000 it is estimated that some 3,300,000 will be spent in Great Britain .sx In addition to the schemes covered by this figure of 8,375,000 , further schemes under the Palestine and East Africa Loans Act have been inaugurated , the estimated cost being some 4,820,000 .sx Road Fund .sx Under the Trunk Road Programme ( the total of which was raised in July last to 21,000,000 ) the schemes approved amounted at 30th September , 1930 , to over 15,000,000 , of which schemes representing expenditure of over 5,000,000 had been definitely approved for grant and the balance approved in principle .sx The majority of the schemes approved will cost individually over 100,000 each , including 33 schemes of widening and reconstruction and 12 important by-pass schemes .sx Under the Five-Year Programme of 27,500,000 , the schemes approved amounted at 30th September , 1930 , to nearly 25.000.000 , of which schemes representing expenditure of nearly 9,000.000 had been definitely approved for grant and the balance approved in principle .sx Nearly half the schemes approved will cost individually over 100,000 each , including 20 schemes of widening and reconstruction and 30 new sections of road of which 7 are important by-pass roads .sx It is estimated that the Road Fund liability in respect of the whole of the schemes already approved will be approximately 30,000.000. .sx In addition to the above , the Annual Programme deals with schemes of improvement of classified roads and bridges of lesser magnitude .sx The Annual Programme schemes approved for grant under the present Government ( i.e. , since 30th August , 1929 ) amounted at 30th September to 9,000,000 .sx It is estimated that the Road Fund liability in respect of these schemes will be approximately 6,000,000 .sx The Five-Year and Annual programmes absorb the previous programme for 1929-30 .sx In addition to the above , grants have been made by the Unemployment Grants Committee ( as shown in Table III on page 6 ) in respect of expenditure estimated at about 6,000,000 in connexion with unclassified roads and bridges .sx Other Programmes .sx The Ministry of Agriculture and Fisheries had up to the 30th September agreed to assist 175 land drainage schemes , submitted by land drainage authorities , which are estimated to cost 236,000 in addition to the schemes referred to in Table III above .sx The same department had agreed to assist 459 schemes of field drainage estimated to cost 48,000 , and 133 schemes for the supply of water to agricultural holdings at an estimated cost of 93,000 .sx The Development Commission have power to assist agriculture and rural industries , the construction and improvement of fishery harbours , and land drainage and reclamation , and between the date when the present Government assumed office and the 30th September , 1930 , the total estimated cost of the schemes in respect of which the Development Commission had agreed to render financial assistance was 807,000 .sx These schemes are quite separate from those dealt with by other Governmental authorities .sx Reference was made in Cmd .sx 3519 to the programme of work at a cost of some 60,000 being carried out over the winter 1929-30 by the Office of Works .sx This programme has now been completed , but during the present winter works suitable for the employment of unskilled labour on Ancient Monuments and Historic Buildings and in the Royal Parks will be carried out by the same department at a cost of 129,000 .sx The accelerated programme of trunk telephone construction by the General Post Office , at an estimated cost of 1,500,000 , to which reference was made in Cmd .sx 3519 , is being actively carried out in addition to the main construction programme of a capital annual cost of about 10,500,000 .sx As is explained in the prefatory note , grants amounting to 500,000 have been made available for grants to Local Authorities in selected necessitous areas in respect of approved employment schemes , 440,000 being allocated to works in England and Wales and 60,000 to works in Scotland .sx Schemes in England and Wales to a total value of 410,000 have already been approved by the Ministry of Health .sx For the purposes of land settlement in Scotland the grant in aid to the Agriculture ( Scotland ) Fund was increased in the Vote for the financial year 1930-31 from 115,000 ( the amount voted in 1929-30 ) to 175,000 .sx Farm and field drainage schemes costing some 100,000 and involving assistance from the Exchequer to the extent of 30,000 have been approved by the Department of Agriculture for Scotland , and the Land Drainage ( Scotland ) Act , 1930 , under which main drainage works costing some 100,000 will be proceeded with over a period of 5 years , is now in operation .sx Improvement schemes to Scottish fishery harbours at a cost of about .sx 10,000 , have been approved for assistance from the funds of the Fishery Board for Scotland .sx The Government decided to increase the financial provision for afforestation for the 10 years from 1st April , 1929 , by approximately 3 millions to 9 millions .sx This will enable the Forestry Commissioners to increase their total planting programme from 237,000 acres to 353,000 acres for the period the annual planting programme rising from 25,000 to 44,000 acres .sx The scheme will also provide 3,000 forest workers' holdings instead the 1.0 years .sx With the smaller programme the number of forest workers employed would have varied from a minimum of 2,700 to maximum of 3,500 in winter .sx With the new programme the number employed will increase each year up to 5,200 ( summer ) and 6,700 ( winter ) in the tenth year .sx These figures are apart from additional workers employed in ancillary occupations the number of which is difficult to estimate .sx The number now directly employed is 410 more than a year ago .sx Summary .sx The value of schemes under various programmes which have been approved up to September 30th , may be summarised as follows :sx On the basis commonly accepted that 1,000,000 provides work for one year for 4,000 men , these schemes will provide work to the extent of more than 500,000 man years or over 150 million days of work .sx PART IL .sx Economic Reorganisation .sx Although as will be seen from the foregoing tables , the policy of promoting public works in relief of unemployment has been vigorously pursued , it must be recognised that such a policy is subject to certain general limitations .sx The acceleration of programmes of work by local authorities and many public utility undertakings has been in progress for the last ten years , and during that period the economic equipment of the country its roads , bridges , docks , railways and the like has been greatly improved .sx But in a country already very highly developed , the process of anticipating future needs cannot in the nature of things continue indefinitely .sx Arrears of work which had accumulated during the war years have been overtaken , and there are signs that the visible programmes of public works which can conform to any reasonable test of economic justification , now embrace , to a large extent what can usefully be done in the near future .sx The promotion of public works is avowedly only a temporary emergency measure .sx Side by side with this , the Government are pursuing a long range policy of development .sx Industrial Reorganisation .sx As was stated in Cmd .sx 3519 , referred to above , it is to the increased provision of ordinary industrial employment through the revival of our trade and industry that the Government attach primary importance .sx Their work in the industrial field may be grouped under two heads :sx the encouragement of reorganisation of industry at home and of trade abroad .sx Legislation has been passed putting the coal industry of the country for the first time in its history in a position to promote a national sales policy and organisation and to deal with international problems on a footing more nearly equal to that of its competitors abroad .sx The Government , after negotiations with the Railway Companies , and the Coal , Iron and Steel Trades , is introducing an aided scheme , under the provisions of the Development Act , 1929 , for the adaptation of colliery and work sidings and equipment to facilitate the wider use of 20-ton wagons .sx Immediately upon taking office the Government appointed Corrmittees to consider and report upon the condition and prospects of the Cotton and Iron and Steel Industries , and to make recommendations as to any action that might be taken to improve their position .sx The Reports of these Committees have now been received .sx The Report on the Cotton Industry ( Cmd .sx 3615 ) , recommended that the Government should take every step in their power to urge upon employers and operatives in Lancashire the importance of considering certain means of reducing the costs of production with a view to the recovery of lost trade .sx This recommendation is being acted upon , and the Government is in close and constant consultation with all the interests concerned upon the basis of the Report .sx The Report on the Iron and Steel Industry is similarly the subject of discussion with representatives of the industry and of finance .sx One of the measures recommended in the Report on the Cotton Industry is the formation of large units .sx Careful consideration is being given to the question how far similar measures are required in other industries , and in certain cases measures of reorganisation are under discussion .sx These matters are of course highly confidential , affecting as they do the position of individual firms , and cannot be referred to in detail .sx Further , the negotiations leading up to reorganisation cover a large number of interests and must of their nature be delicate and prolonged .sx With a view to ensuring that finance will be available for sound schemes of reorganisation discussions have taken place with leading financial interests and a new organisation has come into being , known as the Bankers' Industrial Development Company , with the support of the leading banks and financial houses , to consider schemes submitted by the basic industries of this country for the purpose of their rationalisation , either by industries or by regions .sx The Cunard Company proposed to build one and perhaps two large express steamers , but were doubtful whether such a vessel could be fully insured in the open market and were not prepared to build without assurance on that point .sx The Government have agreed , for reasonable premiums , to cover any insurance not absorbed by the market .sx The cost of each vessel is expected to be something between 4,000,000 and 4,500,000 , and the building of one of these ships will provide employment , direct and indirect , for some 5,000 men for three years .sx Monetary Conditions .sx