After election money crisis near? Election results special Nixon sounds the alarm

-Whund Think PRESIDENT NIXON'S television broadcast on the American economy has one overriding significance - whichever party emerges victorious after yesterday's British General Election, it must face a capitalist economic crisis of serious proportions.

The political leader of world imperialism. speaking only 14 hours before the first votes were cast, tersely listed the symptoms of the crippling disease:

'Unemployment has increased; the price index continues to rise; profits have gone down; the Stock Market has declined; interest rates are too high?

With these words, Nixon is forced to admit that every measure that his administration has taken to revive the asy way in to more trouble sinking patient has been to to the explosion that fol no avail. Lows when you try head Roaring inflation and a tight money polict thare steam without-turning down brought huge price + wases the fire under the pot. Wage and substantial cutbacks in and price controls only investment and government postpone the day of reckonspending. ing The after-tax profits of US manufacturing corporations dropped by 13 per cent in the first three months of this year compared to the same period in 1969. poned Profits the state of Wall St was reported as unmoved by Nixon's statement.

Dominating everything is the falling rate of profit and is it minn means that the next the virtual collapse of the international system of cur- government in Bricain wil rency and credit, as exempli- e a government of crisis fied in the death throes of which must attempt once Investors Overseas Services. again to attack the trade US moguls of capital are unions and workers' living all turned in one direction standards with renewed in their frenzied search for vigour a way out. As one of their leading journals said last Tory vote at the polls, the November: British working class must 'Nixon's advisors are now say: 'Never again the 1930s'. preparing to go to the wall if that's what it takes The main objective bring next year's wage increases below this year's' ('Business News'. Our emphasis.)

When Wilson met his master Washington earlier this year, Nixon made it clear that the burden of the crisis would be shifted to Europe and that, as far as the US ruling class was concerned, 'allies' would have to sink or swim.

There can be no doubt that, despite the sunny election speeches of the Labour leaders and their insist nee thatico missory, wage legislation out, the decision to hold a With the Department June poll before the crisis breaks was taken at that admitting that 546,681 wortime.

Both Nixon and his servants know that the central question is to halt the massive working-class offensive in the US and Europe and to make the working class pay through recession and war.

Not confident Yet they are by no means confident that they can successfully achieve their aims.

In the ofter i sectionates ber out of work section after section organized workers, faced with a decline in real wages and an unemployment level of 5 per cent, have struck back time and again to wrest increases of 15, 25 and even 90 per cent from the employers. Claimed yesterday th In Britain, France, Italy to Vietnam the res- dent Nixon had ponse of the working class to the crisis is to push back the employers and aggravate their crisis.

This recognized by Nixon. While proposing his National Commission Productivity, he stated:

'Controls and rationing may seem like an easy way out, but they are really an refuse decent wage -claim strikers Such a statement does little convince the capitalist class in the United States, let alone in Britain, that the 'day of reckoning' can be postIt is little wonder tha The crisis is there and it Having registered an antiJobless total highest since 1940 'ANOTHER bit of encour: aging news for the British people', was Mrs Barbara Ca istle's poll-tinted description of yesterday's unemploymer it figures. Employmeht and Productivit BY A WORKERS PRESS kers—the highest June figure CORRESPONDENT since 1940—are out of a job, it is not difficult to see which 'encouraging news' only for section of the population she the employers, in whose offensive against working - class wages and conditions rising unemployment is an, essential element.

per cay, frowance for sed 1,800 more lay-offs at Corby steel works Such a rise, of course, i A FURTHER 1,000 duction men were laid off support of ftheir demand yesterday at the British that present bonuses should US TROOPS Steel Corporation's Corby be brought up to a flat rate works as the strike of over of £6 10s.

IN LAOS 2,000 engineers and elec- Strike action was taken a tricians entered its fourth week later and over 3,000 day. men have now been laid ofi The workers, members of while talks between local the AEF and ETU, started union officials and corporaa work-to-rule and over- tion managers continue.

London shal po to the as remi tens of pode as ones SHARE prices fluctuated indecisively in London Stock Markets yesterday morning s voting for the next government got under way.

Negro mayor IN THE election for mayor of Newark, New Jersey, , the victor was Kenneth Gibson. A Negro, Gibson defeated the present mayor, Hugh Addonizio, who is on trial on corruption charges.

Gibson won 43 per cent of the poll on the first ballot last month, but still had to get an absolute majority to win. At the run-off on Wednesday, he won by 11,543 votes.

This meant that he must have received a substantial number of votes from white workers, despite the open racialism of his opponent's campaign. PICKETS WERE again manning all entrances to the Amalgamated Engineers' and Foundryworkers' Peckham headquarters yesterday in support of the ten-day-old pay strike of non-salaried staff there.

They are determined continue the strike until their BY DAVID MAUDE demands are met.

Society Graphical and Allied Trades chapel dis not against AEF members: quite the conunionists ve want to see the unio Digging in Rebutting charges that the strikers the AEF', is in and using the all bad luress"

& Star tha normati unctioninin time ban tea days ago ir es indecisive After some minor falls, the London 'Evening Standard' came out with a • Poll suggesting that the election was 'wide open'. THE POPLAR CONSTITUENCY This will be ready by noon today. Telephone all orders to 720-2000.

The outside pages of this edition of Workers Press will be changed to take in reports, comments and pictures from the polling booths and count in yesterday's General Election. union.... engineers are not receiving union benefits, including strike pay', Bill Jones said:

'The executive is now seeing the effects of a strike on any management that behaves in this way. Are they going to say they want people to "blackleg" on the strike to get the post through?

'If they want to get strike pay out, why don't they settle?' Claim The 250 strikers - comprising members of the Clerical and Administrative Workers and Transport and General Workers as well as SOGAT — are demanding an interim pay increase of £5 a week pending negotiations on a job-evaluation exercise carried out by management consultants.

Strike leaders estimate that many of those in dispute were taking home only f14 or so before the strike.

One girl striker said the consultants' present proposals would increase her pay by only 7s.

Despite assurances from the AEF executive that there will be no redundancies as a result of the job-evaluation, many strikers still fear that some jobs may be lost.

Faster work

'We've been told that 85 Been based the organizations exercise has and-methods" study', said Bill Jones. 'So "no redundancies" could mean a lot of things.

'In my view all job-evaluation means basically is timein canine the Annentinaa •P senuing tue uonauons to :

and-motion study - how man's going to work faster.

SOGAT members at Peckham • have, in fact, already withdrawn from the exencise and there is a possibility that those in the CAWU - the majority union — may follow suit.

CAWU officials, who are clearly embarrassed by the strike, have so far refused to give it official backing.

They say instead that they will call an official dispute the morning after the next negotiations take place if, after hearing the proposals of the consultants and AEF executive, the staff reject them. • The Prime Minister's office requested the Government Agency which oversees radio and television in France (ORTF) to ban the whole feature, which it judged "inopportune'.

To demonstrate their 'independence' the ORTF broadcast the debate without the film sequence.

Chaban - Delmas's intervention forced the resignation pf Oliver Todd, director of the 'Panorama' programme, who commented:

'Under these conditions I cannot morally and journalistically assume responsibility for "Panorama"?