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Sir Alfred Watson, the Government Actuary, before the Committee of Inquiry on the Labour Exchanges, pointed out the great financial benefit it would be to the principal industries to provide their own unemployment insurance, and referred to the large margin there would be available for the actual costs of the benefits. That exists in each particular industry, yet, by discreet and impartial action, can do most valuable work in smoothing over ruptures in negotiations when neither side from motives of dignity or strategy will move. That is a different thing altogether from the Cabinet rushing in.

It may be on intellectual superiority, technical experience, organizing capacity, social standing, I care not what; it is the poison of all industrial harmony. As soon as it appears there is straightway an end of all co-operation in any democratic organization, and sectarianism and strife mark the reaction that immediately ensues. Mutual agreement is the essential basis of co-operation, both from the objective and subjective points of view. To secure agreement there must be the spirit to agree, and the existence of that spirit depends almost entirely on the knowledge and belief that matters of industrial controversy will be considered and adjusted on principles of justice and equity. My experience of industry has left me convinced beyond all doubt on one point—there is, deep down in the heart of the British workman, a sense of justice and fair-play.

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“A dictatorship of this character would be all the more dangerous if it were based upon the support of only one section of the working-class. The inevitable consequence of such a regime would be the paralysis of working-class strength through fratricidal war. The inevitable end would be the dictatorship of reaction…. “Since, in the opinion of the Conference, effective Socialist development is only possible under democratic law, it is essential to eliminate at once any method of socialization which has no prospect of gaining the support of the majority of the people.

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1910, their wages had varied within a minimum of 35 per cent. Above the basis rate of 1879, according to the selling price of large coal f.o.b. in Welsh ports. Above the 1879 basis, and they were raised or lowered by negotiation for each 1s. In March 1913, wages had reached the maximum and had remained there. The prices of Welsh coal in 1915 on yearly contracts, on which the bulk of the business was done, were 18s. Over the 1879 basis; abolition of the maximum; a new minimum 10 per cent.

GOVERNMENT LABOUR POLICY FOR THE COAL INDUSTRY

—A principle of the greatest importance in Socialization is that control must be separated from administration. The control will be exercised by the popularly elected national assembly. The organ of administration in each industry or service must be entirely separate and distinct from those of the political government.

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A general review of the Parliamentary Labour Party’s activity since 1906 will be found in the Labour Year Books for 1916 and 1919. Conference of the Co-operative movement in London on October 16 and 17, it was decided to take political action. The reasons which led the Co-operative movement to this decision were taxation of Co-operative dividends, the alleged neglect of the Government to make greater use of the Co-operative movement in dealing with the national food supply, and alleged unfair treatment of the staffs of the distributive societies under the Military Service Acts. Ownership of the means of production and the best obtainable system of popular administration and control of each industry or service.

The right to draw a revenue from the use of the land, i.e. to receive the rent. The right to control the way in which the land shall be used. They describe these two rights as the “right to rent,” and the “right of control” respectively. Where land is held in fee-simple the right to rent and the right of control are usually vested in one and the same person, namely the owner. Where, however, the relation of landlord and tenant has been created by a contract of tenancy, the right to rent, when it exists, is usually vested in the landlord.

“Baffled and exhausted through erratic leadership, untold sacrifices, and want of proper mental munitions, they retired from the field of battle, bleeding and decimated, but little aware of the great results they had achieved. They only saw the shattered ideals and broken hopes that lay strewn on the long path they had been marching and counter-marching from 1825 to 1855, not knowing that it was from the wreckage and debris of those shattered ideals that the material was gathered for building and paving the road of social progress. It may now be taken to represent industrially the organized labour of Great Britain, and has the largest Trade Union affiliated membership in the world. Together with many mass meetings—at all of which careful notes were taken—to say nothing of having one’s finger daily on the pulse of over one million men, supply me with a groundwork of facts sufficiently convincing at any rate to my own judgment. This eBook is for the use of anyone anywhere in the United States and most other parts of the world at no cost and with almost no restrictions whatsoever. You may copy it, give it away or re-use it under the terms of the Project Gutenberg License included with this eBook or online at If you are not located in the United States, you will have to check the laws of the country where you are located before using this eBook.

It cannot be too strongly emphasized that high rates of wages do not necessarily mean high earnings—they frequently mean no earnings and no work. Increasing the productive efficiency of labour does increase the ability of industry to pay. Opportunity reserved to them as of right for discussing matters, for eliciting information on doubtful aspects, for pointing out and securing a remedy for objectionable features and for introducing safeguards for the protection of their craft. Hostility softened into suspicion, suspicion mellowed into confidence, and confidence in time begat co-operation. Almost insensibly the scope of these committees widened by general consent, and other workshop grievances, apart altogether from dilution, were submitted for discussion and disposed of in the same amicable way.

The bills carrying the Department’s guarantee are regarded in the discount market as “first-class bills.” The Department prefers that the bills should be of as short duration as possible, but permits renewals provided that the credit is not extended beyond twelve months. With the Government guarantee that the bill drawn by the foreign customer or his agent will be met, the United Kingdom exporting merchant can thus borrow on the security of the bill at the ordinary market rate in the customary way. Under the Overseas Trade Act, 1920, the Overseas Amendment Act, 1921, and the Trade Facilities Act, 1921, the Government has done much to relieve unemployment by assisting the manufacturer to export his goods from the United Kingdom.