other -raw materials, the co-ordination of research 
work, the distribution of orders and the marketing 
of the finished products. 
(d) 
(e) 
The Central Board would act for the industry as a 
whole in formulating agreements with other countries 
in regard to inter-trading relations, and would have 
authority to regulate, restrict .or prohibit imports 
if the nature of the competition and other eircum- 
stances justified that course, and to fix prices of iron 
and steel in the home market, with due regard to the 
necessity of stimulating the activities of important 
using trades. 
Regional Joint Conciliation Boards to be set up to 
deal with Wages and Conditions of Labour that are 
local in character and a National Joint Conciliation 
Roard to deal with those of a national character. 
5. In the application of a scheme of national organisation 
and with a view to conserving the skill and experience of 
labour in the industry, where a works is permanently closed 
down and where by adjustments in working hours or other 
suitable means employment cannot immediately be found 
for the workpeople displaced, compensatory payment shall 
he made to them pending their being taken into employment, 
Further, suitable provision shall be made for the transfer of 
such labour to other places where developments are carried 
out under the national scheme, the Ministry of Labour 
and other departments concerned to assist in facilitating the 
transfer where necessary by advaneing railway fares and 
removal eosts and in the provision of houses, ete. 
6. Meanwhile, the Government should give the fullest 
possible encouragement and assistance fo such schemes and 
developments as are already contemplated by progressive 
firms or groups of firms in the industry, provided these can 
be fitted into a national scheme of organisation, and to 
secure that the progressive efforts in question are not frustrated 
by. reason of the failure to secure the immediate adoption of 
tha national scheme. 
7. Finally we call upon the British Government ‘to 
strenuously renew its efforts to secure the adoption of the 
recommendations of the World Economic Conference of 1927, 
and to co-operate with any other Government in that direction, 
such an international policy being designed to promote the 
seonomie and social welfare of the people and world peace.