...e.e..bconomist.
The North Eastern council is an aasoniation of all the local planning authorities in Northunberland , Durham, and the yorth Riding of Yorkshi ro, finaneed by grants from local authorities, from local firms and trade unions, Its fuhctions are to give advice about how the northeast cam be restored to the ro lative prospe rity that it once enjoyed w ithin the nation, to urge native industry to oxpand and outside firms to move in, Howe ver, the Economist says "the north easte rn council has so far done more to .éGducate people outside its own region than . benef it these within it, Its second annunl report carrie s its owm story up to the end of March this yoar3; just be fore the budget: Much of the rise in une mployme nt was due to structural unemployment cause d by the decline of coal and of shipbuilding, not just the effests of the weather), and the collapse ‘“ the common market negotiations had driven off some prospective new American investors, New job opportunities are no ede d at a rate at least four times as great as the 5,000 new opportunities a year now being ereated. Unemployment is now back at Novembers level, at 5%. 15,000 people probably the brightest young people, leave tho region eash year.... The re is still an inordinate ture aucratic delay over the granti ng of the various capital sums and loans provided for in the td getg the Chancellors claim that the traditional delays would be elimi nated has not worked out in practice, 5 ; U.S. Magazine Describes Gloomy Situation in U.S. Foreigm Tradee,.,.Hsinhua.
The June 10th issue of U.5. News and World Report’ pointo d out that 'The Gormans, the Japanese, the French, and the italians are grabbing more and more of the world market for manufactures, The British and the Americans are falli ng by the wayside comparitively spenking.,. Great efforts have been made to promote exports. Most of the U.S, aid dollars have to ha Spent in the U.5. for U.S. goods for example, Great efforts are made to cut down imports. But inspite of this the situation has deteriorated ."