INDUSTRY IN AUSTRALIA.

Press, Volume LVIII, Issue 17394, 3 March 1922, Page 7

INDUSTRY IN AUSTRALIA.

• THE SYDNEY OONTEBENGE. (By Cable—Press Asaooiationr— Copyrislvt.) (Australian and N.Z. Cable Associatioa.) (Received March 2nd, 10.45 p.m.) SYDNEY, March 2. The Eronomio Conference was resumed to-day. The employers tabled proposals which included recognition of the basic wage, forty-eight hours per week, the introduction of piecework, which* in their opinion was the most effective means of increasing production, and the, adoption of a scheme of profit-sharing. The employees' representatives countered this with proposals which included no reduction in wages or lengthening of jiOura, unemployment insurance as a risk and charge upon industry, and an effective share by workers in the ; control of industry, with the appointment of a joint commission composed of representatives of the Federal and State Governments, the employers and the trade unions to devise technir cal means by which continuity of operations in industry would be preserved during a period of crisis. During the debate the representative of the Broken Hill Proprietary stated thaV when present orders had boen completed; his company would be compelled to close the Newcastle steelworks until costs had been reduced sufficiently to ""able the company to secure further orders).