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Hokitika Guardian, 5 March 1924, Page 2

Thkiii, was issued recently the tern of the agreement between the Govcri anil the British, Foreign ami C loi-ial Corporation Ltd., which I roviih for tbe formation ol the Impnia! A T’-auspit Company Ltd., the dilcilo and shareholders of which must ho lb t.sh subjects. This company to acquire the businesses at pr sent carried on by Handley I'm T,;• i.sport Ltd., the Insto'.io An l it ltd., Daimler Hire, Ltd., and Briti' Marine Air Navigaion Co.. Ltd., ai on or before April 1 next to establb an efficient air service for the trim

port of passengers, mails an I Ireighi between Loiidmi and Paris. Loudon am Bii'ssels. London and Amsterdam, line Southampton and tile Chained Isles

mil such other places approved ax may be commercially desirable. The Gov-

ernment. are to pay t-ho company

subsidy of £ 1.0<><b00(l in instalments over ten years, ami during the first four years a minimum mileage ol 800,000 per annum must ho completed, with an average in that perioti ot 1/00,000 miles per annum; in later years the annual minimum is to be 1,000.000 miles. The aircraft uxw! must, lie Britiajjjbuilt and British-iegis-terod and oixnnary commercial rates ebargod to the public. This agreement gives effect to tho recommendations made by the Civil Air Transport Subsidies Committee last February.

The unrest and even turmoil manifested in the ranks of Labor from time to Cm,;- must of necessity lie productive cl a changing ora in industry. A well-known industrialist at Home has just produced a work entitled “1 he New Industrial Era.” The writer is Bir Charles W. Macara, credited with bein', one of Britain’s ablest writers on industrial subjects. ‘‘The whole of our ircUistrial life,” Sir Charles states, ‘'is finding' a new shape- and a new direction, thanks to the better understanding between Capital and Labour which is now manifesting itself and which has had its liirth in the cotton trade of Lb re. a.x Ui.ro. The possibilities of roll eociteration between employers and employed were grasped by the far-seeing among those who formed the t otton Control Board in war time, and the ideal snivivecl even when that- invaluable <>rpanistaiou was so unwisely allowed to !,pse. The operatives, lor instance, saw, as a result of their experience on that hoard, how much more economically and efficiently a trade unomployDH lit scheme could be worked between employers and operatives the S ate; and it was seen too, how necessary it was that an industry, subject to such vicissitudes as those to which cotton Is liable, both in tho matter of g'owing and marketing, .should lie constantly and consistently controlled if di,aster was to lie avoided, and ir the interests of those who found the capital to run the mills and of those who provided the labour and skill to make the best vam and cloth in the world were to be safeguarded. It will indeed he a new era for industry when employers and operatives come to reap the lull advantages this co-operation will bring, and the benefits will not be limited to the staple trade, of Lancashire, lot ( very industry in the country "ill assuredly follow that of cotton when this great principle of mutual help and accommodation is fully established. All through his work, Kir Charles has one main object in view—i.e.. to show that if Capital and Labour are thoroughly in groused in our staple industries the future can lie faced with absolute confidence.