13 MARCH 1926, Page 3

We must reserve the details of this very pregnant Report

for further consideration. We pay it the compli- ment of saying that it deserves something very different from a hurried judgment. But here we may summarize the more "important points. Subsidies are condemned; and it is proposed that the present subsidy should not be continued even in a modified form: This passage of the Report is very bracing. The seven-hour day should remain, otherwise the working hours would exceed those abroad. There should be a reduction, which ought to be only temporary, of the minimum percentage addition to standard wages made in 1924. The Commissioners think that this addition was unjustified and they. ask for an immediate sacrifice to prevent "impending disaster.", The owners should look to reorganization and -improved: methods for profits. They cannot expect profits as the' result of the reduction mentionedabove. For the present they cannot hope fcir any adequate Profits. The National Agreement should be up-held hi conjunction with varying district rates as lit present.