§ 67. Sir W. SUGDENasked the Minister of Labour what steps he is instituting as to considered schemes of co-partnership, profit-sharing, and other methods of better agreement in industry, with a view of application to those industries which have shown an increasing number of labour disputes?
§ Mr. BETTERTONInformation is published from time to time in the "Labour Gazette" and in other official documents as to the progress of schemes of co-partnership and profit-sharing in private firms, and as to the working of the very varied machinery for discussion and negotiation which exists in industries. I may draw my hon. Friend's attention, in particular, to the volume on industrial relations recently published by the Balfour Committee. The good offices of my Department are always at the disposal of representatives of industry who wish for assistance in the development of machinery for avoiding disputes.
§ Sir W. SUGDENMay I ask my hon. Friend, while informing him that I have read the Balfour Report three times, if he is now prepared to consider a revaluation of the unit of production which will permit of a higher standard of life and a greater competitive power in the world markets for all those firms who agree to participate in it?
§ Mr. SPEAKERThat question would require analysis.