A NEW WORLD ORDER

Bay of Plenty Beacon, Volume 2, Issue 234, 6 November 1940, Page 2

A NEW WORLD ORDER

INTERNATIONAL AND SOCIAL JUSTICE ARCHBISHOP'S DEFINITION No one is likely to complain that the Church is lacking in leadership, says the Spectator.. It is more likely to raise doubts about ability to keep pace with Dr. Temple. Defining the goal as "international and social justice/' the Archbishop finds his prescription l'or the former in the controvertial expedient of "one form or another of federalism." In regard to social justice, he calls for a severe limitation, if not the elimination, of the profit-motive, and makes three definite suggestions. Limitation of liability should always be accompanied by limitation of profits, surplus profits being diverted to various purposes which he specifies. The principle of perpetual interest on an investment should be limited; shares should either be in the form of debentures,, repayable at a certain dcite, or alter a certain period lose a percentage of their capital value each year till they are extinguished. ''The contribution of labour, whether managerial, administrative or manual, must equally with the contribution of capital, and with still greater right, carry a title to representation on the board of directors." Thereby would be established the "natural order" that consumption should control production and that production should control finance.