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·232 RATIONALIZATION ININDJAN ~\JSI)l!ESS ENTERPRISE one per cent it i~ shot up inta an elevatot from w!!ich it is discharged into wagOfiS fot. conveyance to the €oke ovenS. Seventy tons of; coal tan thus be handled and crushed in an hout. The evens can turn out' 500 tons of coke in .twenty-four houts. The tams whi
RATIO:'IIAU,ZATION IN INDIAN BUSINI;:SS ENTERPRISE 233 installatione at the blooming mill and the rail mill were likewise 'Complete. New John Thompson boiler .. were in operation as well as the new Es~ber W y$S blower foundations were ready. Along with all these techni::::al alterations and enlargements has to be noted the fact that since 1928 the fuel departmen.t has been under the charge of an expert .in fuel economy who for several years was responsible for similar work with one of the large steel companies in Germany. It is in the milieu of these reconstructions and expansions that the chairman for 1928 felt inspired to refer several times in his speech to the •• steady improvernent of this great industry of ours." And he explained the trend as follows: •• This substantial improvement made by the works is of course due to the increase of output and to the fall in costs. The latter is partly due to the fall in the pri~e of coal, but about half of it or more is due to improved results at tbe works, improved efficiency, increased economy and a steadily increasing check on the quality of the materials which we buy and the price we pay for them. We are constantly trying to improve the quality and to reduce the price. "11 A most important aspect of rationalization such as . is being han.dled by international cartels has reference to output and control over the quota of production. It .is interesting to observe that the Tata .Iron and Steel Co . . has been pursuing a policy which is calculated to prevent ovemroduction. The reduction of stocks is a mention- II Chairman'. Speech (fata), Bombay, 1921:1; Sarkar: 'Cartels in Japan' 'and 'Internati~nal Cartels' in the Journal of the Bengal National Chamber 0/ Commerce (1931.32),
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Dhananjayarao Gadgil Library . 1111
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PREFACE These studies in applied ec
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The material for these studies in w
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vii The material for these studies
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of economic theory and history to t
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Preface CONTENTS Principles of Cont
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CHART I The Three Equations of Comp
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2 PRINCIPLES OF CONTROL OVER Accord
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4 PRINCIPLES OF CONTROL OVER office
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6 PRINCIPLES OF CONTROL OVER Privat
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8 PRINCIPLES OF CONTROL OVER consis
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10 'PRINCIPLES OF CONlROL OVER to m
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12 PRINCIPAL OF CONTROL. OVER and b
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14 PRI;..JCWLES OF CONTROL qVER The
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16 PRINCIPLES OF CONTROL OVER :are
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'.. I~. [>RINCIPLES OF CONTROL. OVE
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o 20 PRI~CIPLES . OF COXIROL OVER w
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u'Ll:;300:000' 'Iewasfur·
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The Re-piaking of the Reicbsbank an
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.fQ:ndioning, first and foremost, I
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28 THE RE~MAKING OF THE REICH5BANK
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3'0. THE RE~MAKING .OF THE REICHSBA
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32 THE RE-MAKING .oF THE REICHSBANK
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34 THE RE-MAKING OF THE REICHsBANK
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36 THE RE-MAKING OF THE REICHSBANK
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38 THE RE-MAKING OFTHEREICHSBANK Do
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40 THE RE-MAKING OF THE RElCHSBANK
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46 THE· RE-MAKING OF THE REICHSBAN
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~8 . THE RE-MAKING OF THE REICHSBAN
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50 THE RE~MAKING OF THE REICHSBANK
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56 THE RE~MAKING OF THE RElCHSBANK
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58 THE RE-MAKING OF THE RElCHSBANK
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(>2 THE RE-MAKING OF THE REICHSBANK
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64 THERE-MAKING OF THE REICHSBANK m
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66 THE RE~MAKING O~ THf: REICHSBANK
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AND THE BANQUE~DE FRANCE 67 Bills D
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CHART III Banque de France t/isat/i
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;gO THE RE~MAKING OF THE REICHSBANK
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7.2 TIlE RE-MAKING OF THE REICHSBAN
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H THE RE~MAKING 01;' THE REICHSBANK
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76 THE RE-MAKING' OF THE REICHSBANK
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78 THERE-MAKING 01;' THE,REICHSBANK
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'So THE RE-MAKING OF THE REICHSBANK
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The Bank Capitalis,m of Young Benga
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84 THE BANK CAPITALISM OF YOUNG BEN
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(1) Imports THE BANK CAPITALISM OF
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THE BANK CAPITALISM OF YOUNG BENGAL
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THE BANK C~PITALISM OF YOUNG BENGAL
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THE BANK CAPITALIsM OF YOUNG BENGAL
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CHART V Progress of "Large" Indian
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I P THE BANK CAPITALISM OF YOUNG'BE
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J,1,4 THE B~N~ CAI:'I1.:ALtSM OF YO
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-116 THE BANK CAPITALISM OF YOUNG B
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1·1 a THE BANK CAPITALISM OF YOUNG
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1 ~Q THE BANK CAPITALiSM OF YOUNG B
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122 THE BANK CAPITALISM OF YOUNC·
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124 THE BANK CAP.ITALISM OF YP1J:-.
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126 THE BANK 'CAPIT ALISM OF YOUNG
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128 THf: BANK CAPIT~ISM OF YOt:JI'I
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i1.30 THE BANK CAPITALISM OF YOUNG
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:132 THE BANK CAPITALISM OF YOUNG B
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H4 THE BANK CAPITALISM OF YOUNG BEN
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;136 THE BANK CAPITALISM OF YOUNG B
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138 THE BANK CAPITALISM OF YOUNG BE
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'~40 THE BANK CAPITALISM OF YOUNG B
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142 THE "BANK CAPITALISM OF YOUNC.
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-.144 . THE BANK CAPITALISM OF YOUN
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J 46 THE BANK CAPITALISM OF YOUNG B
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.148 THE BANK CAPITALISM OF YOUNG B
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;150 THE BANK CAPITALISM OF YOUNG B
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il52 THE BANK CAPITALISM OF YOUNG B
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GRoup I Name Capital and Reserve De
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11 56 THE BANK CAPITALISM OF YOUNG
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;1 58 THE BANK CAPITALISM OF YOUNG
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160 THE BANK CAPITALISM OF YOIDIG B
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01'62 THE BANK CAPITALISM OF. YOUNG
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':16:4 THE BANK CAPITALISM OF YOUNG
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166 THE BANK CAPITALISM OF· YOUNG
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168 THE RAILWAY INDUSTRY AND COMMER
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HU11-IE RAILWAY INDUSTRY AND COMMER
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172 THE RAILWAY INDUSTHY .. At'/D C
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174 THE RAILWAY INDUSTRY AND COMMER
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176 tHE RAILWAY INI?USTRY AND COMME
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178 THE RAILWAY. INDUSTRY AND COMME
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mE RAIL VIA Y INDUSTRY AND COMMERCE
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Page 207 and 208: 186 THE RAILWAY INDUSTRY AND COMMER
Page 213 and 214: 192. THE. RAILWAY INDUSTRY AND COMM
Page 219 and 220: 198 THE RAILWAY 'INDUSTRY AND COMME
Page 221 and 222: 200 THE RAILWAY INDt,1STRY AND COMM
Page 227 and 228: 206. THE RAIL WA Y INDUSTRY AND COM
Page 235 and 236: 214 THE RAILWAY INDUSTRY ~\NU \,;UM
Page 237 and 238: .216 THE RAILWAY IND~STRY AND COMME
Page 241 and 242: THE RAILWAY INDUSTRY AND COMM:ERCE
Page 243 and 244: Traces of Rationalization in Indian
Page 245 and 246: RATIONALIZATION IN INDIAN BUSINESS
Page 249 and 250: RATIO:'-lALlZATION IN INDIAN BUSINE
Page 251 and 252: RATIQ'lAUZATlONIN INDIAN BUSINESS E
Page 253: R~TIONALIZATION IN INDiAN BUSINESS
Page 257 and 258: RATIO~ALlZATION IN INDIA~ BUSINESS
Page 259 and 260: RATl~AUZAl'ION IN 4NDlAN BUSINESS E
Page 261 and 262: RATIO:-.lALIZATION IN INDIAN BUSINE
Page 263 and 264: RATIONALIZATION IN INDIAN BUSiNESS
Page 267 and 268: RATIONALIZATION ININDIAS BUSINESS E
Page 273 and 274: RATIONALIZATION IN INDIAN BtJSINESS
Page 281 and 282: RATIO:'lllALIZATION IN INDIAN BUSL"
Page 283 and 284: Tbe World-Crisis in its Bearings on
Page 285 and 286: WORLD-CRISIS: INDUSTRIAL REVOLUTION
Page 289 and 290: WORLD..
Page 291 and 292: WORLD~CRISIS : INDUSTRIAL REVOLUTIO
Page 293 and 294: CHART VII Post-war expansion of tra
Page 295 and 296: 272 WORLD~CRISIS: INDUSTRIAL REVOLU
Page 297 and 298: 274 WORLD-CRISIS: INDUSTRIAL ~EVOLU
Page 299 and 300: 276 W::RLD-c..~SIS: K'IIJt]STRIAL R
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WORLD-CRISIS: INDUSTRIAL REYOLUTION
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CHART IX Vage and Cost of Living In
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282 WORLD~CRISIS: INDUSTRIAL REVOLU
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284 WQRLD~CR'ISIS: DIDUSTRIAL REVOL
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286 WORLD~CRISIS : INDUSTRIAL REVOL
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290 WORLD.CRISIS: INDUSTRIAL REVOLU
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292 WORLD-CRISIS: INDUSTRIAL REVOLU
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294 WORLD~CRISIS : [\lDUSTRIAL REVO
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298 WORLD-CRISIS: INDUSTRIAL REVOLU
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00 WORLD~CRISIS· : INDUSTRIAL REVO
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INDE:4 Absolute figures in internat
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INDEX 305 Financial rationalization
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INDEX 307 Poverty as world phenomen
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