22 MAY 1926, Page 14

A GREAT INDUSTRIAL OPPORTUNITY

[To the Editor of the SPECTATOR.]

Sra,—I welcome your article under this heading. I, too, am one of those who believe that out of the present disturbances a greater security might be attained. " A constructive policy of good will " should certainly include a determined effort for reconstruction and the acquisition of new markets. I write only to question whether the industrial peace and good will which you, of course, place as the first need have been suffi- ciently explored because the Prime Minister has devoted so much time and enthusiasm to them.

I suggest that there is a good deal of vagueness, and that if peace and good will are to be secured they must be founded upon some definite scheme of co-operation between the parties engaged in industry. No existing organization on either side should be thrown over, but a more binding attach- ment is needed than wages and something more than the better conditions of employment which generally obtain le asked for—in a word, Co-partnership in industry. Co- partnership has too many meanings and applications for me to attempt its description here, but it can claim many successes in practical application to-day. Those who desire fuller information or advice can always obtain it from the Labour Co-partnership Association, 6 Bloomsbury Square, W.C. 1.-

I am, Sir, &c., F. W. RAFFETY. 3 Elm Court, Temple, E.G. 4.