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Evening Star, Issue 23689, 24 September 1940, Page 8

“ We hoped that the lessons of th«> last war would have influenced our leaders and judges in the present war,”* said Mr C. H. Taylor, jun. (president), in his annual report which was presented at the annual meeting of th® Employers’ Association of Canterbury, Westland, and Marlborough yesterday. This statement was made in reference to industrial legislation. Speaking of the recent increase in wages, the_ report said that although the court in a long judgment had made an effort t« justify the increase, employers generally felt that there was no justification for the decision. “It can on.y lead to a general increase in costs or a reduction in employment in certain directions, which in the long run cannot be for the general good of the Dominion,” continued the report. A! policy of inflation, however, was an easy one to follow until the degree of inflation was such that it got out of hand. From the publicly-expressed statements of the Prime Minister and the Minister of Finance we feel that they do recognise the dangers of inflation, but unfortunately the decision of the Court of Arbitration will not assist in maintaining stability.”-