The Eastern Economist March 14 1952

THE EASTERN Ecorrolvasr 111 The Council of States THE elections to the Council of States fixed for March 27 will have none of the thrills which attended the elections to the House of the People. [...] this matter of the companies -concerned to review in the appellate jurisdiction of the Corporate Investment and Administration Comission The Committee also proposes that detailed disclosures about the stock position should be made and that the position regarding the beneficial owneship of shares of any Company should be capable of being investigated on a complaint by the minority of shareh [...] The first is the obvious need to prevent a fall in production such as normally follows the accumulation of socks owing to the locking up of the working caoital of the industry— as it did in 1949. [...] Even if there is to be a fall in prices much below The control prices in view of the release of a larger volume of suPlies in the market there will be the advantage that the cotton textile industry Will be spared the setbacks causedjay the tightness of the financial position. [...] The price level in December 1951 on the new base was 113.2 whim is still below the peak of 115.8 reached during the American War of Independence in 1779 though above the peaks of 100.3 in the war of 1814 85.7 in the 1865 war and 100.2 in the post-war peak of 1920.