Page:Indian Journal of Economics Volume 2.djvu/521

 508 capital. It is wisely emphasized in the Report that in such cases Government should see to it that the opportunity of subscribing to such undertakings is fully open to all classes of the public. Government should also in such cases control the allotment o! shares, for .example, by formulating rules an opportunity to small investors Industrial enterprize. The Government public whom it represents should qo for the assistance given undertngs. designed to join and the obtain a quid pro to the Industrial to give in the initiation of into Indian the_ principle of industries. India labor co-partnership is about t begin new stage in a vas Industrial Revolution, and Revolutions tough o the nation have such ' they are on the hole beneficial, also dangers for labor. The industrial shown the need of labor inforests of capital and best firms abroad have reconcile introduce India we the such should and prevent the antagonism between question is seen that interest of capitl partnership CO- or ake opporuni very beginnings capital and becoming very serious history by of the most advanced nations co-partnership both in of labor. the and profit-sharing. of labor. h&8 the Some of the only way to labor is to In the forelock any such The labor throughout the world and we should lay down a policy at te str which should eliminate the possiMlity of such dangers arisin in our country. If the Government-is to control the allotment of shares, as the Commission has said, why should not some of them be reserved to be We aecep such dict of te Industrial Commission and welcome the proposals so far as they go. But we eanno help observing ha he Commission should have gone much farther and should have suggested ha power should be reserved in such eases for he