Realities and problems

Bibliographic data

Monograph

Identifikator:: 1830556908

URN:: urn:nbn:de:zbw-retromon-221283

Document type:: Monograph

Title:: Realities and problems

Place of publication:: Westminster

Publisher:: [Verlag nicht ermittelbar]

Year of publication:: 1930

Scope:: 67 Seiten

Digitisation:: 2022

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: The engineering industry

Collection:: Economics Books

With regard to railway wages, the following table based on information published by the Committee on Industry and Trade, shows the wage totals in 1913 and 1924 respectively and the percentage relation of wages and expenses to total receipts :— Wages ... a Jther expenses ... Total working expenses ... Net receipts _— Total receipts ... 1913. 47,386,000 34.575.000 31,961,000 14.619.000 126.680.0000 Percent- age of Total eceipts. 37-0 27-8 64-8 3592 100 1924. 119,800,000 58.362.000 178,162,000 36,552,000 214.714.000 Percent- age of Total Receipts. 56 a7 83 17 100 There is a clear case, it would seem, for examining the cost of transport and incidentally of transport wages, since, if transport costs could be brought down, the costs of production of other industries would be lessened and they in turn could deliver more cheaply to the transport industry the manufactures it requires in its own trade. This is the more important when it is realised that, in the ordinary course of production, transport charges occur and recur constantly. In the case of steel, for example, coal, lime, coke, ore, etc., have to be transported to the blast furnace for the manufacture of pig iron; pig iron, coal, coke, lime and ore have to be transported to the steel foundry for the manufacture of steel ; the steel has to be transported with coal and other com- modities, which already have in their price transport charges, to the engineering shop. And so the transport cost is perpetually occurring and recurring and is creating a load the cumulative effect of which increases almost geometrically as the stages of manufacture are. multiplied. The resultant accumulated load of transport charge is out of all proportion to the direct transport charge carried bv the engineering and other finishing industries. It is notorious for example that the loss of markets for British coal in Scandinavia and parts of Eastern Europe is due largely

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