NO TRUSTING TO LUCK IN INDUSTRIAL RESEARCH SAYS SIR JOSIAH STAMP

Manawatu Times, Volume LIV, Issue 6859, 14 March 1929, Page 9

NO TRUSTING TO LUCK IN INDUSTRIAL RESEARCH SAYS SIR JOSIAH STAMP

"We simply cannot afford to fall behind others in tho application of pure research to industry—we want it on a new scale with a new spirit," said Sir Josiah Stamp in a speech reported in the "Liverpool Post." "We simply cannot afford to spend the time we used to do on traxlo disputes in the old style; neither can we afford to ignore the scientific management of industry. "To-day we cannot just trust to luck to come out right. We have a number of intricate problems to study and work out, the financial adjustments of industry and tho supply of credit and capital, the adjustment of costs to output, the fine margins of foreign trade, the incidence of taxation, the direction of new capital supplies and the adjustments of old ones—all quite unsolvable except in an environment of co-opera-tion and calm and intense earnestness to tuno up our joint effort to its highest pitch. "All these things require the factor of right human relationship in industrial organisation for them to be worked out. We have now to bring into play 1 hat factor, to give to its full value in our national life."