ASD (44)16 [1] LONDON, 21 March 1944

SECRET

[matter omitted]

ANNEX K

(i) Each of the signatory Governments, being determined to do its
part to ensure that the victory of the United Nations shall be
followed by freedom from want, recognises that this objective
cannot be achieved unless its people are given the fullest
opportunities to work and enjoy the rewards of their labour.

(ii) Moreover, each signatory Government recognises that a high
level of employment among its people is not only fundamental to
their material well-being, but will also contribute through the
channels of trade to the creation of employment for the peoples of
other countries and to an increase in their well-being.

(iii) Therefore each signatory Government recognises and hereby
undertakes a national obligation to its own people and an
international obligation to the other signatory Governments
henceforth to take such measures as may be necessary and
practicable to fulfil this purpose.

(iv) Each signatory Government declares to its own people and to
other signatory Governments that it will take all measures within
its powers to carry out this obligation and, in particular:-

(a) To secure the provision of opportunities for work of a kind
which will maintain and improve the standard of living of the
community.

(b) To mitigate the unemployment due to fluctuations in activity
to which certain trades, industries and services are liable.

(v) In addition, each signatory Government undertakes:-

(a) To consult with other Governments and with appropriate
international authorities as [to] methods of collecting on an
agreed plan detailed statistics of national employment and
unemployment.

(b) To take such internal measures as may be practicable and
within its powers to collect the statistics relating to its own
country required by the agreed plan.

(c) To submit such statistics to other Governments, through an
appropriate international organisation, at intervals not exceeding
three months.

(d) To make a report, for the purpose of an annual conference of
the member countries, on the state of employment of its people and
on the economic policies which have been used or are contemplated
to combat unemployment.

(e) To send representatives concerned with the economic and social
policy of the Government to meet with representatives of other
Governments and international authorities at a special conference
called by the appropriate organisation, if, in the opinion of that
organisation, a serious decline in employment is developing in any
of the signatory countries (for causes whether avoidable or
unavoidable by the Governments of the countries concerned), for
the purpose of examining and reporting upon possible national and
international measures to restore the level of employment and to
prevent the spread of unemployment to other countries.

(vi) In the event of a serious decline in the level of its
employment, a member Government undertakes to consider measures to
restore the level of employment such as:-

(a) Stimulation of private investment.

(b) Increase in public investment.

(c) Increased consumption expenditure.

(d) Expansion of oversea investment where appropriate.