14 AUGUST 1926, Page 2

On the first day of the serious work, Sir Josiah

Stamp addressed the Economic section on the inheritance of wealth, dealing with this subject from a moral as well as from an economic standpoint, and, we might add as regards Parliament, from an emotional standpoint. Economically he believed that the powers of bequest and inheritance are immense helps to progress, but that they might conceivably be replaced by public capital expen- diture and by the finance of public companies. The present death-duties he believes to be definitely repressive of accumulation. On Friday in the same section Sir Lyndon Macassey spoke of the crying need for stability in industry. Sympathetic strikes were disastrous and bargains collectively made must be kept.