What is wrong with the British iron and steel industry?

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Monograph

Identifikator:: 1868556093

URN:: urn:nbn:de:zbw-retromon-249484

Document type:: Monograph

Title:: What is wrong with the British iron and steel industry?

Place of publication:: [London

Publisher:: The London Caledonian Press]

Year of publication:: 1931

Scope:: 23 S.

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

based on the imports of finished and semi-finished steel for the nine months ending September, 1925, which substan- tially exceeded the imports for the whole of 1924. “Quite apart from the physical and moral advantages of placing workpeople in employment, a saving of anything from £3,000,000 to £4,000,000 in Unemployment Benefit would acerue.?’ It should be stated the principle embodied in the above resolution was regarded as consistent with the conclusion of the Committee on Sweated Imports and International Stan- dards set up by the Labour Party, whose report was sub- sequently issued and which adopted prohibition of imports when these were produced under unfair conditions as re- cognised by national conventions and with what is the basis of the Fair Wages Clause established by Parliament. Moreover, under our immigration laws the importation of labour, if not prohibited, is very stringently regulated. Trade showed signs of improvement at the end of 1925, but in the following year the industry was brought to a complete standstill by the national lock-out in the mining industry, and 1927 was a time of recovery from that stoppage. Meanwhile the effect of the importation of foreign bars in the South Wales Steel Trade resulted in representations from our South Wales branches, and the question was raised again as to prohibition and also whether our Tin- plate members should not refuse to work foreign bars, but the Executive Council did not favour the latter course. As, however, no action of a concrete character seemed likely to evolve from the Committee on Industry and Trade, the Council again discussed the situation, and it was decided to ask the Government to set up a Committee of Inquiry into the Industry. Having ascertained from the Parliamentary Labour Party that they would support the proposal—if necessary, in the House of Commons—a letter was addressed to Mr. Baldwin in which the Executive Council proposed that the purpose of the Committee should be “to make a full and impartial inquiry into the industry and to ascertain as far as possible all the facts with regard to its present position, with special reference to the nature of the competition in the home market, and to make such recommendations whether as regards action by the industry itself or legislative action as, in the com- sidered judgment of the appointed body, the circumstances require, due regard being paid to all legitimate interests. In particular, the appointed body shall have regard to :— (a) Whether the organisation of the industry, its tech- nical and mechanical equipment, and its financial policy is such as to enable it—other things being (19)

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