The Eastern Economist March 17 1950

in the course of the next three years something like tiiree million refugees will leave East Bengal and that the working population is a third of population the volume of employment which will need to be provided w vi l be about 350 000 at the end of one year '700 000 at the end of the second and a million at the end of the third It is obvious that secondary and tertinu r eployment cannot [...] These are matters of particular importance in Pakistan where the official viw is that there is not in Government's opinion that volume of capital imrndiately 'available within the country for investment which the demands of the time and the needs of the situation require." The industrial development of Pakistan is supposed to be undertaken by the Goverment-sponsored Industrial Finance Cor [...] S. P. Mookerjee's emphasis on the role of the technician in curing the malaise in the textile industry at the present time missethe vital point that the technician's contribution in solving the crisis is not likely to be substantial or effective in the short run. [...] The important change which has taken place in the structure of the corporation relates to its share-holding which is a reflection of the tightness in the money market and of the difficulties that subsequently arose in the finances of the. [...] The original scheme about the share capital of the corporation was to retain 51 per cent shares for the Government of India and to offer a substantial part of the balance to the Scindia Steam Navigation Copany and a small fraction to the public.