###OCUMENT IS THE PROPERTY OF HIS BRITANNIC MAJESTY'S GOVERNMENT) ECRET ###.P. (41) 200 COPY NO. ND DECEMBER, 1941. WAR CABINET LORD PRESIDENT'S COMMITTEE THE WAGES SITUATION AND INFLATION. Memorandum by the Chancellor of the Exchequer. (References: L.P. (41) 194; L.P. (41) 54th Meeting, Minute 3.) 1. I must, I am afraid, trouble my colleagues again with this matter. 2. Claims for very substantial wage increases have now been made on behalf of the Engineers and of the Shipbuilders and are before the National Arbitration Tribunal; in addition a claim for a £3 minimum has been made by the Railwaymen.