Discussion on "Distribution, men, and management" at the Luton, Bedford and District Section of the Institution

Mr. E. D. BALL: I would like to thank Mr. Young for his paper. He has covered the ground thoroughly except as regards the question of money. The financier seems to have too much control in industry. I think we are fairly efficient in all the matters he has covered but it seems we have been held up by financiers who do not understand the least bit about the technical problems we are up against and there is a tendency to regard finance as a thing in itself and not as it should be, the basis of industry. I should like to know if Mr. Young has any methods in mind whereby the financier can be more properly related to the technical side of our job¿how we can stop him juggling in stocks and bonds until the industry ´s loaded with an impossible burden. In other words how we can keep the financier in control instead of letting him control us.