INDUSTRY & COMMERCE

Wairarapa Daily Times, 13 April 1935, Page 5

INDUSTRY & COMMERCE

CANADIAN REPORT STATE CONTROL URGED. Press Association Electric Telegraph—Copyright (Received Saturday, 10.50 a.m.) OTTAWA, Friday. Long steps in the direction of State control of industry and commerce, instigated with the twin objectives of assuring workers and primary producers of larger returns and protecting consumers against profiteering, were recommended in the report of the Royal Commission on price spreads and mass buying, which was tabled in Parliament.

Tho keypoint of a 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 and investigation to serve as an advisory board to the Government in. all matters relating to trade and industry. * Reduction of hours of work, with a uniform 40-hour week all over Canada, is recommended, with strictly enforced minimum wage laws. Tho report stated that unless flour milling companies write down capital structures and capital values of their surplus capacity they would face bankruptcy. A minority report recommends lower tariffs, increased foreign markets and less Government interference in business.