On page 426 of issue 937 Nicholas Valery wrote in the Comment section “ Britain's manufacturing industry today is the result of self-inflicted wounds through profit-taking at the expense of investment. Since the war, we have consistently spent only 4p in the pound on new tools and plant, against the Japanese, US and German figures of at least double this amount. This is what the Industry Bill is all about – and the National Enterprise Board ( NEB ) is our last ditch chance to rescue the remnants of our manufacturing industry. “ Expressing surprise at the opposition from Michael Heseltine to the bill championed by Tony Ben, Valery explained how it was necessary to combat years of industrial under-investment caused by lazy reliance on cheap colonial sources of materials and captive markets. “..we also import as much machinery as we export - and this is not because we cannot make these products in Britain, but because continuous under investment in this sector has strangled the industry's competitiveness ” The establishment of the National Enterprise Board was intended to emulate “...that enlightened state intervention that rebuilt the post-war wealth of the giant Zaibatsu corporation of Japan.”
50 years later, the U.K. Government is still struggling with the concept of economic policy based on state-organised investment.
Page 442 of issue 937 has an informative biography of Charles Lyell who's 100 year death anniversary was marked by John Sutton. Lyell was one of the last of the gentlemen natural philosophers who had independent means ( a Scottish estate purchased by his wealthy father) who was able to travel, research and write a book that was the “..most influential in the history of geology”. Principles of Geology was the first modern text book of geology and drew on the work of James Hutton and John Playfair to explain how the Earth had been modified over long periods of time. Lyell regarded the development of living things to part of geological evolution and was a friend of Charles Darwin. “..Lyell did not establish any new law of science, put forward any novel theory or make a make practical advances as immediately useful as those of Kelvin and Lister..he simply wrote a book; without doubt the most influential in the history of geology". Lyell was a skilled organiser of his own and other's knowledge.
The article ends with with an intriguing anecdote. “ One day in August 1836, on a steamer sailing to Arran, Mrs Lyell fell into conversation with a young man who was reading the Principles (of geology) which he had won as a prize in the chemistry class at Glasgow. She took him to meet her husband and thus Lyell met Lyon Playfair. Fifteen years later these men played key parts in the Great Exhibition; another 40 years later a scholarship funded by the profits of the Exhibition brought Rutherford to Britain and, in turn, supplied the key to the dating of crystalline rocks which is so critical to the geodynamic view of our planet first envisaged by Lyell.”
Page 454 of issue 937 reported that Margaret Thatcher was the new leader of the Conservative Party – illustrated by a photograph of her visiting CERN. “As Secretary of State for Education and Science 1970 – 74, there is no evidence that she paid any more attention to science spending, which is admittedly only 4 per cent of the DES budget ( but 10 times as high as the cost of school milk when she took office)