COMMERCE IN BRITAIN.

Taranaki Daily News, 20 November 1920, Page 12 (Supplement)

COMMERCE IN BRITAIN.

IFECT OF LABOR UNREST. :RADE WITH AMERICA. commercial conditions in Britain he subject of some remarks by G. Lunn, who has returned to ad from a visit to Britain and a. Uinn said that when he left Eng. ode was booming and prices wen high. Since he left, however, ad been anticipated had occurred, ices had fallen considerable. The f unrest* that existed in Britain Iminated in a number of strikes, had been an abnormal demand the War period 'for workers for inition factories, who had been I xtraordinarily high wages, and he war came to un end the cost ng continued to advance, and also went on increasing, until irners throughout the country a regard such increases as being &1. Until the workers realised creases in wtagfes were not a soluthe economic, conditions obtainlrest lesulttag in strikes was » continue. iad an opportunity of distte question of co-operation, ted been offered as a solution of ustrlal problem, but those whom met. felt that the time was not me for anything of the kind, availing idea atfiong these men at until the w/figes question was none of the mueh-talked-of cove scheme e/tfnld make much pro- _ ■ring tty conditions in America, inn the present bank rate ■ange. between Britain and Ameas iiot considered to be a bad trdm Britain's point of view, as '©d as a protective tariff for taaufactured goods. The Ameriere importing considerable quan»f British goods; in fact, these !. were considerably greater than iad been for a long time. On ler hand, Americans were experiindustrial troubles in common >ther countries Business men rith whom he had discussed were of opinion that strikes id Jrade were bound to cause a 1 against the present high wages, lis would probably result in a »ee of serious labour troubles, as elsewhere, it was recognised continual raisins of wages was whltion of the economic problems lidi the people were faced. It t best only a palliative, and one wgbt be fraught grave concos in the future. Before anycould be done to restore indqsleace, the workers would fcave to » reasonable attitude of\ the >n of wages. This would ,kve to » mutual understanding Tkthe different agents in produe-'\ wa then they would be able to « proposals which might logic,! 8 "Witt everyone desired to see S J®? SMuest poasible moicsnt.