Egyptian cotton and the..pro: fduetion of high-class fabrics, fare unlikely to see any marked improvement in. conditions. The sooner this is realized the better it will be, for already the inherited skill of the workers, to Iwhich we have referred, is disappearing as so many people are being attracted to other countries because of higher wages and better working conditions. On top-of this, it is absolutely essential that there should extensive amalgamation anda drastic reduction of capital while the weaker members of the industrial group must go-to ithe wall. It is impossible for: a great industry like this ° to flourish if it is to remain in the hands of the banks as it is-at present.
Text read from the printed page and cleaned; old type leaves the occasional error.