Business & Finance: Scissor Plan

Cutting an industry's costs by coordinating its members, a plan now being studied for U. S. railroads, is also before British industry, where it is called "rationalizing." Last week the British Imports Duties Advisory Committee was seriously considering a plan for the formation of "Iron & Steel Corporation of Great Britain." The direct object of the plan is to concentrate progressively all production in the more efficient plants and eliminate "redundant and inefficient works."

While the U. S. was hemming over its railroads and Britain hawing over her steel, five big British...