133R. W. A. Appleton to Harrod, 2 February 1927 [a]

Follows on from 120 R, continues at 138 R. Appleton thanks Harrod for his memorandum, which he has read with great interest and very general agreement. [1] He wonders whether the description of interest is quite as intelligible as it might be and whether the description of the Bank's attitude might not lead to misunderstanding. [2] However, the memorandum gives him something concrete to go upon. Appleton adds that some useful replies are coming in from the chambers of commerce. [3]

  1. 1. One of the first products of the General Federation of Trade Unions research on the causes and remedies to unemployment was a "Memo on the Effect of Prices on Employment", drafted by Harrod (here as essay 4 ; see in particular note 1 for context).

    2. "Memo on the Effect of Prices on Employment", [jump to page] - [jump to page] .

    3. Refers to the replies to a questionnaire on unemployment, presumably prepared by Harrod and Humphrey Mynors, which was circulated among trade unions, workers' associations, employers' associations and chambers of commerce. For further details and a transcription of the questions asked see note 1 to essay 4 .

    1. a. 1 page ALS, from the General Federation of Trade Unions, Hamilton House, London # , in HP V-109/19.


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