STATUTORY LEVIES FOR INDUSTRIAL RESEARCH ASSOCIATIONS AND INDUSTRIAL DEVELOPMENT BOARDS Memorandum by the President of the Board of Trade.

devoted to research. preparing a scheme for statutory power to collect a has asked for industry is working on a purpose. The rayon industries would be likely and a number of other they existed. use of Compulsory powers if 4. The main arguments that (a) it are and enables it to make assured income possible; (b) it ensures are otherwise the cost of equitably distributed among all the and avoids the unfairness of a the progressive firms tend to the results of whose work ultimately others who have contributed little or nothing; (c) spreading the cost as widely as possible it enables a reasonable sum to be collected through a very small levy on the individual product (the Cotton Board levy which provides for many other activities besides research amounts to only .