Prices and Incomes Standstill: Period of Severe Restraint (Cmnd. 3150).
3.
The "standstill" has been quite successful. But the real test for P.I. policy has yet to come.
4.
See Nieuwenhuysen, J.P., "Thoughts on an Incomes Policy for Australia ," Journal of Industrial Relations, March, 1966.
5.
Hancock, K., "Earnings-Drift in Australia," Journal of Industrial Relations, July, 1966.
6.
Prices and Incomes Policy (Cmnd. 2639).
7.
Machinery of Prices and Incomes Policy (Cmnd. 2577).
8.
National Board for Prices and Incomes.
9.
See reference 6.
10.
Prices and Incomes Policy: An Early Warning System (Cmnd. 2808).
11.
The use of Part IV is not considered in this article.
12.
The reports issued to date and referred to in the text by the number of the report are as follows:— 1. Road Haulage Rates (Cmnd. 2695). 2. Wage Costs and Prices in the Printing Industry (Cmnd. 2750). 3. Prices of Bread and Flour (Cmnd. 2760). 4. Prices of Household Toilet Soaps, Soap Powders and Soap Flakes, and Soapless Detergents (Cmnd. 2791). 5. Remuneration of Administrative and Clerical Staff in the Electricity Supply Industry (Cmnd. 2801). 6. Salaries of Midland Bank Staff (Cmnd. 2839). 7. Electricity and Gas Tariffs (Cmnd. 2862). 8. Pay and Conditions of British Railways Staff (Cmnd. 2873). 9. Wages in the Bakery Industry (Cmnd. 2878). 10. Armed Forces Pay (Cmnd. 2881). 11. Pay of Higher Civil Service (Cmnd. 2882). 12. Coal Prices (Cmnd. 2919). 13. Costs, Prices and Profits in the Brewing Industry (Cmnd. 2965). 14. Road Haulage Rates (Final Report) (Cmnd. 2968). 15. Scottish Teachers' Salaries (Cmnd. 3005). 16. Pay and Conditions of Busmen (Cmnd. 3012). 17. Wages in the Bakery Industry (Final Report) (Cmnd. 3019). 18. Pay of Industrial Civil Servants (Cmnd. 3034). 19. General Report April 1965 to July 1966 (Cmnd. 3087). 20. Laundry and Dry Cleaning Charges (Cmnd. 3093). 21. Coal Distribution Charges (Cmnd. 3094). 22. Rate of Interest on Building Society Mortgages (Cmnd. 3136). 23. Productivity and Pay During the Period of Severe Restraint (Cmnd. 3167). 24. Wages and Conditions in the Electrical Contracting Industry (Cmnd. 3172).
13.
Up to July, 1966, Prices and Incomes Policy, since then Prices and Incomes Standstill, and later, Prices and Incomes Standstill: Period of Severe Restraint.
14.
Productivity here refers to total productivity and not just "output per head". See p. 159.
15.
The main difference in the price criteria applicable during the period of "severe restraint" is that increases in wage costs are not a justification for price increases.
16.
For the N.B.P.I.'s own summary see report No. 19.
17.
Other factors were: "changes in the supply and demand for different kinds of labour, trends in productivity and profits, comparisons with levels or trends of incomes in other employments and changes in the cost of living" (Para. 12).
18.
The Monopolies Commission, Household Detergents: A Report on the Supply of Household Detergents, H.M.S.O., 1966.
