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We find representations for the automorphisms, derivations and multipliers of the Fréchet algebra $L{¹}_{loc}$ of locally integrable functions on the half-line ${ℝ}^{+}$. We show, among other things, that every automorphism θ of $L{¹}_{loc}$ is of the form $\theta ={\phi }_a{e}^{\lambda X}{e}^D$, where D is a derivation, X is the operator of multiplication by coordinate, λ is a complex number, a > 0, and ${\phi }_a$ is the dilation operator $\left({\phi }_{a}f\right)\left(x\right)=af\left(ax\right)$ ($f\in L{¹}_{loc}$, $x\in {ℝ}^{+}$). It is also shown that the automorphism group is a topological group with the topology of uniform convergence on bounded...