WAGES CUT
THE ONLY SALVATION. INDIAN COTTON INDUSTRY. (Received 1.40 p.m.) DELHI, July 12. At a conference of representative* of the Mill Owners' Association and Labour leaders, in view of the criais in the Bombay cotton industry, the chairman of the Association said that* if immediate action were not taken it was feared they would have to 1, close down half tin; mills immediately. The owners wanted to avoid extensive unemployment, but they were also anxious to reduce losses. If wages were cut by 15 per cent it "would savesix lakhs of rupees monthly. The present monthly Joss was about 24 lakhs. The men wanted a guarantee* of remtoration of wages as soon as the eri« sis was passed, and the employers promised sympathetic consideration. Meanwhile the Government is being" urged to suspend the collection of excise duty and to impose higher dutjf on goods oomjiiiing with Indian; manufactures. —S mi.
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Northern Advocate, 13 July 1925, Page 5
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151WAGES CUT Northern Advocate, 13 July 1925, Page 5
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