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Industry and Finance

Industry and Finance

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Excerpt from Industry and Finance: War Expedients and Reconstruction, Being the Results of Enquiries Arranged by the Section of Economic Science and Statistics of the British Association, During the Years 1916 and 1917

For a third year in succession, organised co-operative effort has resulted in the production of a volume which should be found of intense interest and prove of considerable value to those who are either studying the economic effects of the war or are in the responsible position of having to guide the nation through a period full of intricate problems and great danger.

One part of the investigations undertaken by the British Association has this year been marking time. The Government, impelled by a condition of affairs in the industrial world which might have developed in a manner dangerous to our prosecution of the war, set up a Commission to enquire into industrial unrest. It was therefore decided not to publish any detailed report on the subject in this volume. But we have been fortunate in persuading Mr. C. G. Renold, of Manchester, to write a section on his plans for creating Shop Committees in his own works. This part of the book will, one believes, prove by no means the least interesting amongst material teeming with interest. Special thanks are due to Mr. Renold - a very busy man - for finding time to set down his thoughts and experiences on paper, and for allowing their publication here. The chapter on Industrial Unrest in our last year's volume should be read in conjunction with Mr. Renold's section in this book.

It is very gratifying to find that serious efforts are being made in several directions to prevent industrial friction on a large scale breaking out when peace dawns, and that these efforts follow closely on the recommendations made in the previous volumes issued by the Section of Economic Science of the British Association. The practical nature of these recommendations has appealed strongly to labour, capital, and the official world alike. It is to be hoped sincerely that the result of these efforts may be to place our industrial interests on the solid foundation of harmonious co-operation, employers and employees both realising that their real interests are bound up in common well-being.

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