ABSTRACT
The reorganisation of capitalist industry takes place sometimes purely through the action of the industraliets themselves, without any form of intervention by the State. The case of the cotton industry is on the margin. Strictly speaking, no State action was involved in the attempt to reorganise cotton spinning under the auspices of the Lancashire Cotton Corporation; but in this instance, as in some others, the Bank of England took an active part in bringing about the reorganisation, and the Bank was understood to be acting in close conjunction with the Government. State intervention in the coal industry has so far taken two main forms. The State has intervened to bring the coalowners together, both in each separate coalfield and nationally, into a common organisation for the regulation of both output and prices, without interfering save in these respects with the management or control of the individual colliery undertakings.
