346 SECTIONAL TRANSACTIONS .—F*, G. 
A general description was given of the development of such consulting 
work, with illustrations of the practical application of the foregoing ideas. 
Mr. R. J. Macxay.—Some experiments in readjustment of relations 
between finance-capital, management and operative labour. 
It has been found possible, without recourse to special legislation or 
state-wide revolutionary change, to make small-scale yet significant experi- 
ments in readjustment of relationship as between ownership, management 
and operation in business concerns. Limitations of profit-sharing and 
co-partnership as conventionally understood. Possibilities and limitations 
qua opportunities of reward of a reversal of the customary relationships 
between working personnel of all grades on the one hand, and absentee 
ownership on the other. A case for the subdivision of sizeable businesses 
into relatively independent responsible groups of working personnel, and 
its bearing upon suggested wider utilisation of biological laboratory technique 
for vocational selection, guidance and placement of existing and potential 
industrial personnel of all qualities. A plea for further experimentation. 
SECTION G.—ENGINEERING. 
Thursday, September 6. 
(Note.—For joint session, Sections A, G, this day, on Technical Physics, 
see entries following Section A, pp. 283 seq.) 
PRESIDENTIAL ApprEss by Prof. F. G. Batty on Sources of cheap electric 
power (10.0). (See p. 145.) 
Mr. W. T. Hatcrow.—Scottish hydro-electric stations (11.15). 
The first part of the paper deals briefly with the water power resources 
of the British Isles as a whole. Mention is made of the work carried out 
by the Water Power Resources Committee and the effects upon develop- 
ment of that Committee’s report. 
The author refers to the many difficulties with which the promoters have 
to contend in obtaining sanction by Act of Parliament for the construction 
of large schemes, the promotion costs of which amount to large sums of 
money, and then goes on to describe and give examples of the three main 
types of developments in Scotland ; namely, (1) those working on a fully 
regulated flow at a constant load ; (2) those on a fully regulated flow but 
working on a varying load and used for general purposes ; and (3) those 
with a partially regulated flow, having little or no storage and worked in 
conjunction with steam stations. 
In the last part of the paper the author discusses the relative advantages 
of steam and water power stations and points out that the cost per unit 
generated at a large water power station is, contrary to general belief, con- 
siderably less than that of a steam station of similar capacity and load 
factor. 
The paper is accompanied by a map of Scotland indicating the positions 
of the various schemes. 
