SECTIONAL TRANSACTIONS.—F, F*. 341 
The following problems are then discussed : 
(a) The efficacy of restriction of supply as a remedy for cyclical 
depression. 
(b) Speculation and the amplitude of price fluctuations. 
(c) Centralised stock holding as a technique of price manipulation. 
Prof. F. W. Ocitvie.—The significance of international trade accounts (11.0). 
Mr. S. Rowson.—The value of remittances abroad for cinematograph films 
(12.0). 
Wednesday, September 12. 
Mr. R. B. Bryce.—The wheat situation and state control (10.0). 
The paper deals first with the present statistical wheat position and the 
trends and events leading up to it. ‘This brings out the economic problem 
involved in the low returns to the growers, relative to their former returns 
and to those of other producers. ‘This in turn has brought about, in places, 
severe social problems with political repercussions. 
The analysis is then made of some factors in the supply of and demand 
for wheat which lie behind the great relative fall in its price. The structure 
of both production and marketing is related to this as well—with special 
reference to possibilities of governmental control. The influence of the 
general economic depression is also treated. 
On the basis of this analysis an examination is made of several of the many 
Government attempts to improve the position of the wheat growers. Com- 
parisons are made between the schemes of various countries, and these are 
related to national agricultural policies. Finally the attempts at inter- 
national control or agreement are considered and the possibilities of their 
success discussed. 
DEPARTMENT OF INDUSTRIAL CO-OPERATION (F*). 
Thursday, September 6. 
AFTERNOON. 
Discussion on The need for a technique of economic change (3.0). 
Sir Josrau Stamp, G.B.E. 
Under conditions of increasing population existing aggregate supply may 
go on without quick contraction, even though individual demand is partly 
redirected into new channels (e.g. less bread per person, but more persons 
wanting it). Supplies of new products may be provided by additional 
workers without calling on existing producers to change their occupations, 
and avoiding the overcrowding of those occupations by new workers and, 
therefore, no dynamic force has so far existed for transference for unemploy- 
ment caused by technical change, and the need for a technique has not 
been seriously considered. But as populations get stationary, and as 
technical change becomes more rapid, vested interest in workers’ special 
skill becomes more in. danger. Apart from increasing real income, every 
