INDUSTRIAL RECONSTRUCTION.

Taranaki Daily News, 19 December 1919, Page 4

INDUSTRIAL RECONSTRUCTION.

There is no subject that has been more in evidence for the last three years than that of economics, yet it is safe to assume that the general public know about as much of the real meaning and science of economics as they do of the Hebrew language. It may be remembered that, partly to assist successful finance and commerce after the war, there was held in Paris, in June, 1916, the Economic Conference of the Allies, at which the representatives decided, briefly, tr recommend that the Allies should unite, not only for the purpose of devising means for the re-establishment of the countries suffering from acts of devastation, but also take steps for rendering the Allies independent for all time of enemy products, and settle a trade policy of the British Empire. . Obviously this all meant that finance after the war would have to deal with brand new commercial conditions throughout the world. The noed for an understanding of these new conditions and the means whereby they can be best met is' only too evident, and that is why the public, and especially those who are engaged in trade, commerce apd industry, should welcome the aotiea of the T&raa&ki Chamber of Com*

merce and the New Plymouth Employers' Association in promoting a lecture on some of the problems of industrial reconstruction by Mr. B. E. Murphy, Lecturer on Economics at Victoria College, Wellington. This address is to be delivered to-night at the Good Templar Hall, and as it is of particular importance to the whole community at the present time, particularly to employers and employees, there should be a large attendance. Those who imagine that the subject is an academical one are greatly mistaken. It is replete with interest for everyone, as it vitally concerns the cost of living, the depreciation of the sovereign, and every national and industrial activity. In the hands of Auch an expert as Mr. Murphy, the theme cannot fail to be of absorbing interest, while the information furnished and explanations given on this important subject are most essential to the comprehension of the great difficulties that have now to be encountered and overcome.