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to ascertaining what were the causes of the

present difficulties.

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The Chancellor of the Exchequer also urged

the need of further inquiry on this subject, in

which he hoped that the bearing of our currency

policy on the question of trade and employment

would not be overlooked.

The Cabinet agreed

(a) That representatives of

The Treasury,

The Board of Trade, The Ministry of Labour, and, if necessary

The Ministry of Health,

should meet to examine the position of trade and unemployment with a view to indicating, if possible, the causes of the present setback, the areas in which it was likely to produce the worst effects, and to make recommendations.

(N.B.

The President of the Board of Trade nominated Sir Horace P. Hamilton, K.C.B., the

Permanent Secretary of the

Board of Trade, and Sir Sydney Chapman, K.C.B.,C.B.E., Chief Economic Adviser to His

Majesty's Government, as the Board of Trade representatives on this Committee.)

(b) That, without awaiting the Report of the above Inquiry, the Report of the Industrial Transference Board should come before the Cabinet at their regular Meeting in the following week, with a view to a resumption of the discussion on Unemployment, and that in the meanwhile the appointment of a Cabinet Committee should be post- poned.

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