12 
hp great experiment, but we must remem 
ber the path to peace is a hazardous one, 
We are proud of the exploits of Aus- 
tralia’s sons at Gallipoli and we have rea- 
son to be, but we would have reason to 
be even more proud if we could only have 
the courage to lead the industrial world 
into the path of peace with honour. 
In conclusion let me outline briefly a 
basis of co-partnership for consideration, 
and amendment if necessary, but at the 
same time let me oncé more emphasise 
the fact that any basis must inevitably 
fail unless there is on both sides the will 
to agree, and the desire to bury the old 
animosities. 
A manufacturing business with a capital 
of £20,000 (real capital, not watered stock) 
employs a wages staff of sixty hands at 
an average wage (adult and junior) of £4 
per week, or in other words, £12,480 per 
year. It is evident that while the firm 
has supplied capital (plant, workshops, 
ete.) to the value of £20,000 for the year’s 
pperations, the employees have supplied 
£12,480 worth of labour in that time. 
If a profit is made on the year’s working 
they have supplied more than this amount 
of labour. However. we must not dip into 
Dur Industrial Problems, 
he intricacies of Karl Marx's monumental 
studies, so we will say £12,480. Let us, 
therefore, propose that the employees be 
mvited to select one or more representa 
tives to serve on the board of management 
with a voting power proportionate to these 
two amounts, twelve to the employers 
twenty, or three to five, the employees re- 
sresentatives to be full members of the 
board. (I can promise our employer friends 
a full and searching examination of over. 
head charges and cost of distribution, both 
of which items the average worker, right 
ly or wrongly, believes to be ruinous). Also 
any profits made after paying a reason- 
able interest on capital would be divided 
in like proportion. 
The advantages are so obvious that they 
do not need emphasising: Every man on 
the job would feel it to be his business, 
and it would be to his interest to avoid 
waste either of time or material. There 
would be a free and direct avenue for sug« 
xestions and complaints open to every ems 
ployee, and, best of all, the present night» 
mare of the “Blind leading the Blind” 
into the inevitable diteh wonld becomé 
only a memory of the had old davs. 
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