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BEFF TRUST OPERATIONS.

TO THE EDITOR. Fir.—Tlif' futility of the ComraomvraUh Act as a means to repress trusts lias been demonstrated over and over again. The findings of the Royal Commission appointed by the t '-ommonweiiith Govern - jneiit into the alleged operations of the American Beef Tiust in Australia arc of a very negative character. •• No evidence of combines, bit careful watch recommended," is tho crux of their decisions.

I do not mean to infer that trust legislation in Australia has been absolutely useless j but, confronted with a trust m the full vigor and plentitude of its power, it bus on moro than one occasion been absolutely futile. It has resembled the action of trying with a straw to divert a cataract. Thorn are. of course, many difficulties in the administration of an Anti-truets Act . There is the distinction between combination:-, and co-operative effort on the part of manufacturers and producers, etc., which are the inevitable result of existing conditions, and if prohibited would create a condition of commercial and industrial chaos, and those combines formed for the

avowed purpose of controlling prices, of preventing all competition, not only amongst these combining, but also preventing all competition by outsiders by a system of boycott. The former is a justifiable process while the competitive system exists, the latter a noxious, illegitimate, monopolistic, selfish monster, that requires rigorc*.-, and adequate control, ec as to prevent it injuring the public or existing in such form as to inevitably threaten such injurs'. By that we cun gauge somewhat the import of those words contained in the Commission's report- “ careful watch recommended.”—l am, etc., W. E. J. Maguibk. December 29.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/ESD19141229.2.52.1

Bibliographic details

BEFF TRUST OPERATIONS., Issue 15687, 29 December 1914

Word Count
276

BEFF TRUST OPERATIONS. Issue 15687, 29 December 1914

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