THE ROUND TABLE.
Tree Round Table for December has two important articles, on " Industry and Finance " and on Labour and Reconstruction." The first is a dispassionate comparison of English and German methods of financing industries, especially at home. The conclusion is that " the efficiency of our wealth-production, on which the economic health of the whole community depends, would at least be assisted by the co-operation of finance and industry in some manner more effective than that which has been provided by the existing machinery of the City of London." The keynote of the second article is that " industry is public service, for on it the national well-being depends," and "it is by looking at it from the point of view of its being public service that the solution of the problem comes in sight." The employer, in other words, has to regard the welfare of the employed as a primary consideration, and the workman has to do his best work in return. This may sound idealistic, but it is only ordinary common-sense after all. The article emphasizes the need for burying the traditional suspicions and class-hatreds that have prevented co-operation between employer and workman, and
starting afresh after the war " with better work from one side and better pay from the other." The reviews of Dominion affairs aro as usual informing, and there is a good summary of British policy in regard to the Native States of India, which cover about two-fifths of the area of our Indian Empire and contain nearly a quarter of its population.
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