PARABLE OF A CAR
Received Wednesday, 12.45 a.m. LONDON, Sept. 3. Sir Miles Thomas, at the annual meeting of Morris IMotors, contended that if 11)31) conditions, wages, taxation and nmterial prie.es were operative, a car now costing £444 could be sold for £1(70. This demonstrated the eeonomie vortex ereated when wages and priees ehased; each other. Oonsidering inereased produetion costs, the basic priee increase was not unfavourable in eomparison with the priee rise in other amenities. Jndustrial progress depended on the establishment of a eommuiiity interest be--tween employers and employees. An equitable spread of benefits aecrued fri.m industry, was essential.
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Chronicle (Levin), 4 September 1946, Page 5
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100PARABLE OF A CAR Chronicle (Levin), 4 September 1946, Page 5
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