Engineers launch campaign to recruit more women and youth Page 3 Number of Durham miners to be cut by 4,500 in 196%
Tho Hconomic Loague issues a denial
Soldiers pay for burned uniforms although no negligence ' No release for anti-war seaman Page 4 To to thres hundred dio in Calcutta streets each night
British firms in India do well Page 5 Why people leave Jamnica
Tate and Lyle subsideriss roport excellent profits
Cubans nationalise all big estates Page 6 An aspect of the Test-Tan Treaty
Russia revising agricultural policy Page 7 Process of socialisation continues in Algeria
Over 100 Spanish intollectuals protest to Franco over torture
Repression in Venezuola
Another pirate attack on Cuba Page 8 Regional oconomic probloms in Sweden
Hire-purchase debt crosaping up agein
Letter to Readers
These wook we have put our thoughts down about
the Searborough Conferance from the point of view of
firet impressions. Wo shall roturn to this theme
next woek after having heard reports of the Conference | and after having had extensive discussions with parti-
cipants. ilso we shall suggest what implications the
results of the Conference have for the left wine,
We have to apologises for the fact that the
Housing Supploment has not been produced yet = work
is in hand the delay will not be too long, Porhaps
in one senses tho delay will heave been a blessing in
dissuisa because some exccllont material has come to
hand in this last week or so,
We make our regular and customary appeal for
names of potential subscribers. Again we must rep—
ort somo successes and, in particular, appeal to the
new subscribers. Our method is to sond samples copies
ef the Billotin to potential aubscribers for a week
or two and then ask them if thoy want to subscribe,
Results, whilst not sensational, have been encouraging
and vary useful, Subseription rates; 6 months (24 issues) 12/64
one yoar (48 issues 25 /-
special introduction rate 2/6 for 6 issues
' Preduced by voluntary labour ty, oe - =
assessment is by looking at the way the 1765 Stock Gxchange, that sensitive barometer of business opinion, behaved during the waek, Ye quote from the Financial Times of October 5th, which statod:
"The new Stock Exchango Account which began last Monday has been bouyant «eeeand the main share indices have moved into new high ground for the yoar. At 333.8 tho Financial Times industrial ordinary share index shows the substential gain over the week of 7.0. It is now at its highest since June 1961
9% below its all-time 15th, 1961, The rise has been well spread and it can be seen that, over the markot as a whole the impact of the Labour Party Conferenco at Scarborough has not been harmful" (our emphasis)
It went on to say that the only negative effects of the Conference on share prices had been on property and steel. The former being dull because of the fear Labour would take action against speculation, and the latter boing affected by fear of the *renationalisation bogy" did not rise as much as expected, Apart from this business circles oxpressed no worries.
Wilson's final message to the country from the conference had 3 points: (1) Labour would restore (sic) a sense of purpose to British industry; (2) it would restors a ponse of social purpose and justice tb our national affairs; (3) by its ability to bring frosh, now, dynamic ideas to international affairs it would restore Britain's position in the.world. Vary nice - but let us compare this with what Macmillan promises in his pamphlet "Acceleration", issued immediately after tho Labour Party Conference and on the ove of tha Tory Party circus, fe promises "An efficiont Hritain, second to none in the devolopment of new industries..", "A just Britain, whose pros pority is widely shared..." and "A go-ahead Britsin,." Virtually the same only the platitudes differ - no wonder big business is not worried,
For Yilson, Scarborough achieved certain things: firstly, it established him as the undisputed leader of tho party; eccondly, it effected a reconcil~ iation between Vilson and the old—guard right wing; thirdly, it established the image of a united party — snothor result was Brown's return to mumbor two position in the party, just as he was in Geitskell's days. Of course, all those relationships are temporary -— perhaps oven ephemeral - but between now and the election there will be tramendous prossures to kesp the ranks closed, Anyone who breaks the apparent unity will risk being immediately cut on a limb. Only the impact of a sharp crisis will break this mood,
But this wasn't the only aspect of the Confersncs — tha voting figures for the 7 constituency section seats on the national exocutive are instruct= - ive. Anthony Greenwood and Barbara Castle who for most Labour Party members symbolise the left, camo first and second - Greenwood gotting 758,000 (an increase of 54,000) and Gastle 729,000 (an inerease of 78,000). Also significant was the drop in votes roeoibod by John Stonchouse (183,000 to 69,000) reflacting no doubt tho dirty, witchhunting role he plays im the London Co-op,
Once in office, Labour will face problams which will requiremors than Wilson's adeptness at tactics to solve, Cut-—threat competition for export markets will impose a tremendous strain on Eritain's trade position, Swias bankers will try to exert pressure through their holdings in Britain to stop Lebour 'ondangering' the pound, and tho colonial ravolution will not cease because Labour is in office, The near unanimous voto on the incomes. policy will moon nothing when the unions are presented with tha bill for rationali=sing British industry. The crisis of policy which has dogged the Tories in their yoars of office will effect Labour aa woll., The differences so caret ully papered over will omergo again. Im the unlikely event of Labour again losing, the sound of “Vilson's ovation will give way te that of the pitter—patter of the foot of hundreds of right-wing rete as they desort the sinking ship, Sither wey, the objoctive conditions for the emergence of a mass basod, deeply-rooted left wing will be favourable.