27 OCTOBER 1923, Page 29

It is not long since another bank—the Westminster, I believe—was

at pains to interest its employees further in the welfare of the bank by presenting them with a certain number of new shares, and I am glad to record both of these developments because, although small perhaps in themselves, they may be said to denote a growing disposi- tion on the part of leading financial institutions to give a lead in this matter of co-partnership between capital and labour. The scheme is as applicable to a factory as to a banking staff and might go far to improve the general relations in the industrial world. Somehow or other, we want to get on to a system insuring greater confidence between capital and labour, and, as an outcome, intensive effort on the part of all concerned in financial and business activities.