COTTON CRISIS.

Auckland Star, Volume LIX, Issue 39, 16 February 1928, Page 7

COTTON CRISIS.

WAGES AND HOUBS. 1 Masters Insist On 12f Per Cent Cut In Pay. , FOUR HOUBS ON TO.THE WEEK* (By Cable.—Press Association.-—Copyright.) LONDON", February 15. The Manchester correspondent of the "Times" says a sensation has been caused in the cotton industry by the decision of -the Master Spinners' Federation to terminate the existing hours and wages agreements and to insist upon a 12 i per cent reduction in wages and an extension of the working time by four hours a week. These terms are to apply to the mills where American cotton is spun. The Bolton employers, who are handling Egyptian staple, refused to support the resolution. The "Financial News" says it understands that the cotton spinners intend to post a month's notice of their demands. The paper says that if the latter are pressed they will certainly be resisted. In that case a stoppage would seem to be inevitable.