19 JUNE 1926, Page 2

We ourselves feel rather strongly on this point, as the

doctrine of high wages is, we believe, going to mean a great deal to British industry in the immediate future, and an appreciable reduction in such an important industry as the coal-fields might be a harmful prelude to the new era for which we hope. It is true that the case of the mines is peculiar, but it is impossible to prevent people from jumping to conclusions and from arguing from the parti- cular to the general.

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