340 SECTIONAL TRANSACTIONS .—F. 
citizens in contrast to authoritarian State, ‘Obrigkeitsstaat’). Social risk, 
a new development of State-socialist Sozialstaat, runs parallel to capital 
risk, both growing especially in second industrial revolution with non- 
adjusted supply and demand in time of enormously increased productive 
capacity by rationalisation. Historical sketch shows progressive sensitive- 
ness towards trade cycle. 
B. How to manage a semi-planned economy of type III.— Methods of 
corporate systems based on partial exclusion of market economy ; complete 
exclusion impossible in States of Western culture. Therefore must have 
a construction serving the transitional stage, i.e. both planned as well as 
liberal economy. Application of German mixed public and private enter- 
prise side by side with private enterprise and purely public administration 
with departmental units. Description of this mixed enterprise (history, 
successes, economic and legal construction, functions and rational adapta- 
tion to them). The three types of special risk-transference, two personal, 
the modern cost accountant and the applier of trade cycle forecasts, and 
one impersonal, the risk spreading compensation-machinery of German 
cartel type. 
Monday, September 10. 
Miss E. F. STEVENSON.—Economic anomalies of unemployment relief (10.0). 
While work is the only satisfactory form of unemployment relief, the 
provision of work is difficult, particularly in periods of depression. Similar 
difficulties arise in all forms of Public Assistance ; and it is therefore ad- 
visable to consider what are the general economic principles of public 
assistance, how far they are applicable in the case of unemployment, and 
whether changes in organisation may be expected to remove the existing 
anomalies. 
The whole question may be regarded as a problem of the use of economic 
resources and of the distribution of the national dividend, and is obscured 
by viewing it as a problem of administration of relief. 
Discussion on Economic planning (10.45). 
Prof. D. H. Maccrecor, M.C. 
Prof. A. Gray. 
Prof. W. F. Bruck. 
Sir Josian Stamp, G.B.E. 
Tuesday, September 11. 
Mr. J. K. EastHam.—The tin control scheme: a study in regulated 
marketing (10.0). 
The purpose of this paper is to discuss some of the major problems of 
restriction of supplies of raw materials in the light of recent developments 
in the tin industry. The capital structure and technical conditions of 
the tin industry are briefly reviewed, and an attempt is made to estimate 
the relative importance of technical costs and the capitalisation of the 
concern in determining the attitude of the individual producer to restriction. 
