Current History, Vol. VIII, No. 3, June 1918: A Monthly Magazine of the New York TimesVarious
History
Current History, Vol. VIII, No. 3, June 1918: A Monthly Magazine of the New York Times
Various
World War, 1914-1918
Synthetic dyes, spelter, tungsten, magnetos, optical and chemical
glass, hosiery needles, thorium nitrate, limit and screw gauges, and
certain drugs.
SPECIAL INDUSTRIES BOARD
The committee recommends the creation of a permanent special industries
board, charged with the duty of watching the course of industrial
development and recommending plans for the promotion and assistance of
the industries enumerated above. With reference to industries generally
the committee thinks that the individualist methods hitherto adopted
should be supplemented by co-operation and co-ordination of effort in
respect of
1. The securing of supplies of materials.
2. Production, in which we include standardization and scientific
and industrial research; and
3. Marketing.
The report recommends the formation of combinations of manufacturers,
strong, well organized associations and combinations, to secure supplies
of materials, especially the control of mineral deposits in foreign
countries. In order to facilitate increased production it recommends:
That an authority should be set up which should have the right,
after inquiry, to grant compulsory powers for the acquisition of
land for industrial purposes and the diversion or abolition of roads
or footpaths.
That there should be a judicial body with compulsory powers to deal
with the question of wayleaves required for the development of
mineral royalties and the economical working of collieries and
mines.
The committee believes in the formation of organizations for marketing
the manufactured products of the country and deems it inexpedient for
the Government to enter into any policy aiming at positive control of
combinations (trusts) in the United Kingdom. It recommends that
combinations be legalized, so as to be enforceable between members. It
welcomes the establishment of the British Trade Corporation to
co-ordinate and supplement existing financial facilities for trading
purposes. As a general rule the members think it would be undesirable
that the State should attempt to provide capital for industrial
purposes, but as the re-establishment of industry on a peace basis will
be profoundly affected by taxation, currency, and foreign exchanges,
they recommend that these matters be taken up by the Treasury, in
consultation with the banking and commercial interests.
TARIFF REGULATIONS
With reference to tariff the committee recommends a protective tariff
only on industries "which can show that, in spite of the adoption of the
most efficient technical methods and business organization, they cannot
maintain themselves against foreign competition, or that they are
hindered from adopting these methods by such competition."
The general fiscal policy as finally adopted by the committee is as
follows:
Public-domain text, read in full here on John Shaqi.
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