INDUSTRIAL LAWS

Otago Witness, Issue 3098, 30 July 1913, Page 25

INDUSTRIAL LAWS

SYDNEY, July 23. Before the commission of inquiry into the working of the industrial laws Mr Hughes, a director of the Colonial Meat Company, submitted a scheme to prevent strike losses. He suggested that 10 per cent, be deducted from the wages of all employees until there w r as equivalent to two months’ pay in hand. This amount would be banked at 4 per cent, interest, the employer to add thereto interest at the rate of 6 per cent., and the whole of the money thus provided to be available for investment with approved employers, who would pay 10 per cent, interest thereon. If at the end of 18 months any sum so held on deposit exceeded one month's wages, the balance to be returned to the employee with full accrued interest, provided always that he had not participated in a strike during the period. But if he had participated in a strike the deposit to he forfeited, and applied to make up any loss sustained by the employer.