CONTROL BY STATE

Taranaki Daily News, 15 April 1935, Page 5

CONTROL BY STATE

INDUSTRIES OF CANADA

REPORT OF COMMISSION

LONG STEPS ADVOCATED

PROTECTING CONSUMERS

By Telegraph—Press Assn.—Copyright.

Ottawa, April 12.

Long steps in the direction of the State control of industry and commerce, instigated with the twin objectives of assuring workers and primary producers of large returns and of protecting consumers against profiteering, were recommended in the report of the Royal Commission on price spreads and mass buying, which was tabled in Parliament. The keynote of the majority report is the setting up of a Federal Trade and Industry Commission composed of five members, a semi-autonomous body clothed with wide powers for supervision, regulation, arbitration, investigation and for serving as an advisory body to the Government in all matters relating to trade and industry. A reduction of the hours of work with uniform 44-hour week all. over Canada is recommended with strictly enforced minimum wage laws. The report stated that unless flour milling companies write down their capital structures and the capital values of their surplus capacity, they face bankruptcy. A minority report recommends lower tariffs, increased foreign markets and less Government interference in business.