COMMERCIAL OUTLOOK.

Hawera & Normanby Star, Volume LXV, Issue LXV, 18 June 1913, Page 5

COMMERCIAL OUTLOOK.

MONETARY AND LABOR C&Sr ■"■'■?;■■'.. '- DITiONS.. j, - , ■•■'_.,... .

'i r VhtilAti AH^OCIATIOiS-r libliYKlGUl \.''f \':\-* 'SYDNEY; rJune. 17. At -the annuf>l (in'eetingi ;of-.-the •ciateii ciiiaJnoVi-s oiuomineree; Sii'.-Ji. the • president, in liis. opening -spe/jchy. said tliat iilie .chiei; r re'a'sori '■ or the; gbl«iishoi'tag6 v.;a.s probably kidyeyse Australian-trade. 1 The balance of importing was more than they could pay for with their expbvtsT The wave of latter-day personal extravagance had unduly stimulated,imports. Regarding labor unrest,■the employers as a rule had no objection to collective bargaining with labor umorisj so long as the bargain,^was, honorably observed,., but it was' notorious thai H;he men in'many cases had lately not respected a bargain a moment longer than it suited them.. Compulsory arbitration Jiad broken ,down. It was found in practice that the larger unions cannot bo -^ocrcotl -intpr worlcing,' even by their own leaders, if they decided otherwise.. One of the. worst features in evidence latterly was the deliberately reducod effort of the workers at, n time ■>■■ when' ':they- \vere 5 constantly5 claiming shorter hours .and. largs.iv pay*.