1919-09-24 — Page 2

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INDUSTRIAL LEAGUE. FINANCE AND INDUSTRY.

LABOTR'S SHARE.

FROM THE DAILY TELKORAPH's

COBREMUNDENT."|"

The Super Convention of the ki dustrial League, meeting in the Firming ham and Midland Institute on August 13th, listened to an extremely able and informative address.from Mr. H. G. Wit liams, M.Sc., of Liverpori, ore inance in its relation to industry! There is prob cably mi aspect of the industrial and com

mercial problem in its effect upon both the home and export trade upon which there is

misunderstanding, and, inga, Taek of knowledge on, the part of the "warker, and the League has done great service in inducing Mr. Willians (to state the financial position with wo niuch lucidity. The Bishop of Birming- haar was in the chair.

Fr. Willans spoke on the Distribuzio of the National Income, He admitted that it was easy to make mistakes, and 'perfectly honest emtroversialists, where they discovered that particular part of the firid of investigation had been so little charted that they had to employ method of scientihe guessing would "na turally be inclined to guess in at manner which would strengthen the case they "Werg at, to prove, For many years a stock argument on Socialist platforms was the statera at that labour is robbed of

رم:1

ส

WEDNESDAY, SEPTEMBER 24ra, 1919.

"THE NEW BUCCANEERS* DEAN INGE AND TRADE UNIONS, Presiding at the Central Hall. West nyinster, ni moeting culaid by the People's League to consider the industrial situation, Dean Tage said the country wis in extreme danger, and, if the cous. amanty did not, act quickly, the 00,000 brave new who gave their lives for their equntry sold have died in vain. The Consanier was ground down by having to pay three sets of sax: (7) to the Government, (9) to the profiteers, far to the trade unions,

EUROPE'S FOOD SUPPLY. MR. HOOVER'S WARNING. MORE OFTPUT NECESSARY.

A POPULAR

HONOUR IN

JAPAN.

MR, W, T. PAYNE INVESTED WITH THE 3RD ORDER OF THE SAURED TREASURE.

Mr. William T. Payne, manager for

Mr. Herbert Hoover recently prepared for special purposes, a statement and analysis of the economie situation in Europe, and at the request of the Food Controller he has permitted its publion. Japan and Chinn of the Lantadias sin in the Westerns! Four Journal on Pavi Ocena Services, Ltd.,, who is condition that it is viewed as an analysis widely known in the Far East, was in- Mr. Hoover vested by H.E. Governor Inouye at che and not as a criticism,

diffulties that the economie points out

Kanagawa Kentho on September 9th with of Europe, as a whole, as the signature the insignia of the Third Order of the

besamarised might

in the Sacred Treasure. demoralised productivits. The

E presenting the insignay His Exer} = this for

sittet?

of

.000.000 population, including Russia he says, has never been at so low an obl as now. A summary of the unemploy ment intreaus in Europe would show that 13,000.000 families are receiving anene ployment allowances in one furm or an sther, or are in the sain, being paid rough estimats won't indicat, that the

constant atlation of currency. population of Europe is at leust. than ean supported

Frater

The rest! pear now meatly wore black ents. They were pustieng enough, as men in despair always were, but their suffer< ings, sem terrible. In the Eastend of Enston the gleegy were worse "paid than laborers, and although their parishion.000

ant must live by ers were now well able to help thêm. they production and distribution of exports.

Generally,

Europe is not were leaving the clergy to starve

in production, Heute für below even the level of the time thought she good time of the preteers of the signing of the Armistice, but far was nearly over, but the case of the trade Below the maintenaneuf life and health

rate of import. unions was very different. The urinusithout an

As to the causes of the degrease of pro wer, trading eng popular sympathie,dutting, they are, he says, in the main. which in sotile cases, they had erased ti

na to.lows::

The industrial and commercial "de moralisation weising originally out of

but contined out of the strug for political rearrangements during the Armistice, the ersation of new Gov

and pries

theserve. They were tow very great capi palists who had discovered a highly proft' able use for their capital by financing periodical raide upon the community. whom they held up to ransçun, and frosti whom they estarted a constantly increas

not a struggle being tribute. This was

So between rich and poor: it , open brigandage at the expense of "the public, (Cheers. It would in the end not only of our financial prosperity, but of our Unlody. Parliamentary twvernment. mocracy would put an end to the poli tical and predatory strikes, the strikes would put an end to demorency,

ari-

were

CIGARETTES between the elling value and the cass of

*

War,

eriments, their inexperts and the

between these

tion

adjustment of economic relations.

The proper and insistent demand of labour for higher

her standards of living and a voice in administration of their

ffort has unfortunately come

im- pregnated with the theory that the limitation of fort below physical

sity will incrense the total employ ment or improve their condition. There is, says 3 Hoover a great ri

It was not for him us suggest how the laxation at affort as the redex of the phy

."

There

We as

The Real "Burley' Cigarette the outworkers be excluded of £100 10

the whole a 400,000 repreWe were at the present moment import

sical

and

"Mn Payne,--Eleven "yettes agi. His „Imperial Majesty, Meiji Tonnig was graciously pleaseil in decorate you with the Fourth class Order of the Rising Sur in coisideration of meriprimar serviors rendered to our Empire, and to-day in is my duty and privilege, to inform you ticially thus His Imperial Majesty august Emperor, has graciously conferred upon so the Third Order of the Stered Treasure

Thirtier is conferred to a purther. recogation of the excellent work done by you during the perind which has «lapsed since the bestowal upon pone of The Fort Order of the Rising Sun

it is a spree of peculiar pleasure and profound satisiaction to selE invest yar personally be able to

day with this insignia of the Order granted to you by His Imperial Majesty, as to day happens to be your birthday. Permit, me to congratulate you most artily on being the recipient of the high Bondar granted to you by the Imperial Majesty, and allow me at the san time to wish you many happy retains of the day. hope that both you and Mrs. Payne will be granted many years of life, health arch" huppi. mess, and also that you will always feel that you have good and true friends in this country who really ap preciate all you have done for Japan Mr. Paybe replied:

Your Excellency,

with itse

6 deep appreciation and with feelings of very sitiorze gratitude that I muito this Order of the Sacred Treasure which Hi, Luiperial Majesty has been so grab- iously plenaedi to confer upon me.

I thank you. your Excellency most" wartly to your kind remarks.

I feel it the large minded foresight and energy of the Candian Pacific Company, which I have had the privi lege to represent for many years. that in dawgnized or this version. For they have done much in the past, ahd will contintie, I feel sure, to do ali.. they can in the futher to bring the Eass and West closer together, and, although

nong may intervene, it is with a clear-sighted vision for cordial friend- ship and further development that they recognize these waters do but connect the regions they divide." At the same time, it touches ine very deeply that you should associate the giving of this high honour, with the day of my birth and I wish to tell you. in the menu of Mrs. Payne and myself, how very much we appreciate the warrath E personal, friendship which exists bes tween us and so many of the people of this great country.

10 two-thirds of what it fạp as he was aware this

Sultengar are ginated from statistical investigations made about thirty years ago by the Fabian Society, and its errors were tao

สมา fold: 1, it assemord that the whole of the wealth produced was

was the result of manual labour: 2 it asserted that the share of manunt labour amounted to one third of the national, income,

Various

deal exhaustion of large sections of the offrin inquiries during recent years had made it possible to prepare estituates far hun ve me the contrast population from privation and from the tect themselves and the country against

xntal accurate than those which

physical strain of the war. available at the beginning of the present the new humers. After all, we were a To a minor degree consideriaz the whole chatury

there has been destruction of and these estimates showed that nsible people, who were not inclined to volume, the share of manual labon: was substan-

follow hit-headed doctrinaires when they equipment and tools, and loss of

organ- tially

This Intter is different from that crately attends to the edge of the precipice minst with a uns of in due to war diversions, 'to. it...

was some rough work to be done against with a lows of man power, It was commonly agreed to-day that the en who had no shume and no patrio not at present pertinent in the face of

(The demoral production of wealth was the result of them, at hbelieved that the best work prevent unemployment

Europ Elas application of labour, brains, and might be done by setting plain facts isation in production of coal capital to the raw materials provided plainly before the public, and by appear three trees mentioned above, and prc- to-day is an example in point of all these by Nature.

care. This was true whether the ing to the host that there was in each man miss a goal famine with industrial dis capital he owned individually or call and woman. If we ould only bring the aster unless remedied. It is due in a small tively, and whether labour

*mployed

spirit of the inches into civil life percentage-from the destruction of man- privately or pablicly. In normal pe should weather this storm as we weathered power to the physical limitation of coal

the income of the nation could

mines or their equipment. It is due in incastred in two ways. By endeavour the storm of the war, Cheers.).

MF. M. B. Fisher, a Former Sew the largest degree to the human factor of Fing to find out the net income of every-

our in the contes y Phdevouring to Zealand Minister of Trade and Com the limitation of effort). The continua estimate the sale of the commodities are said firess Britain would lose the tion of the blockade after the Armistice picduced and the services rendered by whole of her trade with the Dominions hats undoubtedly destroyed enterprise course, everybody in the Leommunity, La theif she fored them to choose between en in open countries, and, cf col

any recovery in had the first

enemy Sear

and foreign goods and paying the price of preventedi

tries.

The shortage in oversex trans- up to the present, the only vests cloth in Great Britain."G

portalion, and the result of uncertaintien Mr. Havelock Wilson. M... spoke of the Armistice apon international of pruducting "that "haid · len carried out! in Great Britain, The number of 1nergetically against nationalisation, and credits, have checked the flow of raw dividuals who were employed by the con

declared incidentally thay permanent materials, and

Prevented Freevery in the cerns whose Activities 1 reviewed

production of commodities especially anted to 7,000, including 103,000 rent in were a tiost re.

needed for exchange for imperts from outworkers, and the selling value of the actionary crowd.

A solution was carried enlling on the overweis The result of this delay has production anted to En

21.700,00,000. but dhe materials used aminted to Government to oppose the attempts of been unemployment, stagnation, 21.025,000, while the side of the waris egtional minorities and revolutionary tion of capital in consumable commodi

to some extent all over Europe control of vicious speculation) are thus given out sounted to £25,000,000. The axitaturs to plunge the country into bank.

From all these causes, accomulated negation of stimulation to production, net output. therefore, was the difference upcy.

different intensity in different localities and can only result in further curtail there is the essential fact that, mitlessment of the total of commodities avail materials used and the value of the work

productivity can be rapidly increased, able for the total number of human bơi given out, and therefom amounted to

there can be nothing hat political, moral, ings to be fed clothed, and housed. There Fot.canals of BR0.000. 2119.000,000, giving a net output per per

and economic chans, finally interpreting still exist in Europe great bureaucracies NON

of E102 in the year, and if studry other, subsidies which were pro

dueing goods needed by the Gyvemment. itif in low of life on a scale hitherto created from the necessity of control of price and distribution by the conditions The net output of

But there was a much bigger subsidy. dreamed of.

Coincident with this demoralisation of the war, who are loth to recognise that sented

for wages,

ing into the vountry each month about in production, other disastrous economic with world markets open ou such neute salaries profits, depreciation, and taxa,

which were not

have developed themarives, tion, and he thought all must be agrend

being bad

the on" tick."

existence is not essential excups in the IT'S a very low Fate of paid for the

and very large wages paid to special producers production.

When the sum of only with credits trem

ery and others. Thus we were con

and the bankery

Targe Bilid Williams person employed.

is available per annan, dar suming £50,000,000) mere goods per month speculation and manufacture daring the much advanced that world shortage may

war, have raised the standard of living of distribution and price, is based u

develop, and justife, pulitinued control ing a period of good trade like 1907, for than we were producing. It meast the

in many individuals from the level" wages, salaries, prabits, depreciation, and

cost of living was lowered to-diny more

would be it

when that subsidy ner noressities to a high level of the fallacious assumption that, even if the An entirely New principle in taxation, it is clearly evident that we are

luxuries.

Beyond this class there is a world markets are freed of restraint, not in a position to realise those bounts reased It meant that the real eest of reflex in many, other classes from the there is a shortage to-day in any tummo- promises which are made by puliti-living one or the Jere than it was, strenuous economies against waste and the dity so profound is to cadanger health

two years from now would cians of all parties at the time of a zem- Cigarette Manufacture.

erni election.

there would be

a full in wages to that consumption of non essentials in all coun- and life.

to-day From any present evidence, thanks amount Unless there was an increased tries: and, as a result, there is

an outbreak of It was shown that of the output production we were faced with a

to a dis" to "the high production outside Europe, heartening degravagance

Another economic our incenes in the ciation of all

change, of favourable nature

no shortage exists this will not find its from of view, but intensifying

quick remedy in diminished consumption. ving theor substitution of other commodities. rise in the standard of living in large attempts at international enntrol of prices. problems of sections of the working classes she larger and better wage distribution, with a view to benefit the population in separation allowance, etc., during Europe at the cust of the producer else:

Parallel with these classes are where, will inevitably produce retrogres war. workers, and the unemployed. on whor: which will be felt in Europe more than those of fixed income, the unorganised aion in production abroad, the impact of the rising cost of living is inflicting the elsewhere. A decrease of 20 per cent of

reatest hardship.

Western hemisphere wheat would not, starve the West; it would starve Europe The first and cardinal effort cl It must never be overlooked that control European statesmanship, he continues, of price and distribution cannos stop must be to secure the materiala and with a few prime commodities, but, once to £537.000, (XX).

tools to labour, and, to secure its return started. its repercussions drive into a If there had been no profits and incone had beer shared out equally

to work. They must also secure a re-succeeding chain of commodities; and that cognition of the fact that, whatever the on the downward road of price control among the whole 5.500,003 engaged in the

economic theory or political ery, it must there can be no stoppage until all com industries concerned, it would have

embrace the maximum individual effort; modities have Heen, plaord under restric ed an average weekly wage 7 exactly 278. હતું. He thought i

Mr. Clarke (Redditch) said he had for there is no margin of surplus production, with inevitable stifling of the total therefore time to say that no conceivable Canada for his firm, and the impression experimentation.

business tour in tivity, cently returned

Europe to risk revolutionary production." changes which might have been made in he brought back with him was that unless will bring food to those stomachs or fuel that production cannot inércase, it poli No economic policy Mr. Hoover says it must be evident 1007 could bave provided that standard of we were very careful we were not going to those hearthy that does not secure thetical incompetence continues the black. living which all desired for the mass of to be first or second. but, at the bottom the people of this country, unless thon

In Canada maximum production. There is no usende, embargus, censorship, wobilisation, changes had been accompanied by a very he was proud to hear,

the commercial ladder of

Come right in;

tint of tears over rising prices; they are, to large armies and navies, and was, and much greater

per, head than

you are the first Britisher we have seen great degree, a visualisation of insaf promises that the Western Hemisphere existed in

Dealing with

flew conditions creatiace the war" The hotels were largely icient production. During the period of will approach the question of assistanc

reconstruction and recovery from re during a certain temporary period with ed by War expenditure. Mr. Williams filled with American trade said the war had

tives, and the Japanese reprve duced productivity, conservatism in the high ease of buman duty and sym imposed upon us were to be Chrough increase taxation an extra

seen everywhere. The Ameri

consumption of non-essential commoditie, päthy. But the service will, ho saya, burden

£700,000,000.

cans had been winning the markets while is more critical than at any time during best performed by the insistence that its £700,000,000 out of an income which was of the Americans he came.up

we had been winning the war. The prices the war. The relaxation of restriction aid would not be forthcoming to any coun-

SOLE AGENTS:

THE HONGKONG CIGAR STORE

CO. LTD..

THE

Hotel Mansions.

Tel. 161.

CORONET

TO-NIGHT at 5.15 and 9.15 p.

697

BILLY & DORIS HARLEY

in

ALL THEIR LATEST SONGS & DANCES.

THEDA BARA

IN

THE TIGER WOMAN

A

Usual Prices.

Booking at ROBINSON'S.

195

SPENSABLE INCOME,

or

phenomenone of which is that the situation exists, and that their continued

sammulated control of speculation. The argurient-50-

By

260,000,000 at least was required to make bourhood of 15 per cent, within the next human po moment, has been the through minor alteration and price.. All

That Was

aces were now

good wear and tear, while £15,000.00 twelve or twenty-four months, consisted of customs and excise duties and the problem with which we were a a further £3,000,000 was used as new capital for development purposes, and

ind and which those in high whether the aw

ownership of capital

was going was beginning to realise was private or collective at least such a wam to be a substantial fail in the standard would be required, and it was apt avail of living unless we produced more.

Mr. Wilfred Hill (Birmingham) said us spendable income for those en abl

they raust try to bring about & different gaged in the industries concerned. The balance of speh duble

mental attitude in that section of Labour way therefore income about £567,

which was inclined to shirk production. 11th

Mr. Isaacs (London Printing Trades) the amount paid in

was of opinion that Mr. Williams had direct taxation by the recipients on the

material much which really WILS

If it was labour and wages, he could true,,

not

***200 from which again

profits involved: He estimated these put down tax at £30

£30,000,000 reducing the ordin

ary spendable income

was

Wax

raw

firm had not gone brojatand why every

Mr. E. Jones asserted that the workers would not ཟླ༦ in for increased production until they understood where they stood.

OUR COMMENCE IN PEACE.

were

FIRST DUTY OF STATESMANSHIP,

artificially doubled in pound values, not only severe, they were fercer un import, and on consumption of articles try that did not resolutely, set in order

hot.

though not in commodity values. That

of this character since the armistice is its internal financial and political situa- meant in the aggregate we were going to offering at 14s per gross in Liverpoolfication in the increase of consumption increase of productivity, that did not Certain goods which they were disheartening in outlook. It finds its in- tions, that, did not devote italf to the be £350,000,000 worse off unless we pro the Americans were delivering in duced more. If they surveyed the coun try as a whole they would seg a level

nipeg after of individual prosperity which was high

er than it was in 1913, with the

of individuals WAR

рег стои.

payment

of beverages and articles de luxe in many curtail consumption of luxuries and the of the duty at 98. enuntries, even above a pre-war normal expenditure upon armaments, did not, Mr. Williams, in replying to the dis-Never has there been such a necessity for cease hostilities, and did not treat its But unfortunately cussion, said if we deprived the wealthy the curtailment of luxury as existe to-day. neighbours fairly. If there" conditions it of all their wealth the workers would still stimulation of produs dalies were complied with, it was the duty of false standard of prosperity, bebe poor unless they produced-taore. With the path of avoidance of all limits the West to put forth every praaible effort. Cause we were living on subsidien. We regard to, the suggestion of nationalisations of the reward to the actual proto tide Europe over this period of tem- had a bread subsidy of £50,000,000, a tion, he warned them that. a. nationalised user. In other words, attempts to con-porary economic difficulties. Without the railway subsidy of 100,000,000, a subsidy industry would not be a democratically-trol prices (otherwise than in the sense of fulfilment of these conditions the effort

(Continued at foot of next columa.) controlled industry.

(Continued at foot of next cölimn.) was hopeless.

*

W