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The article introduces the library of the Textile Institute, known as the Institute's Library. Accordingly, its growth for the past three years has held out promises that it will reach a magnitude of the order felt to be desirable by those in charge of it. Its book section offers the collection of volumes purchased from the late Professor Fox, and is supplemented further from the library of the late Professor Myers. However, its main source lies on the review copy, which derived from all publishers who give these works for reviews of their books on textile or allied subjects. As an addition to its book section, the library of Trade Catalogue is now being constructed. This section will offer a set of catalogues by any of the leading textile machinists over the past 50 years.

The article offers information about what has been discussed at the meeting of the Council of the Institute last December 1931. Part of the discussion tackled about the arrangements for the next Annual Meeting of the members of the Textile Institute in 1932. Accordingly, the said discussion has reminisced what has transpired for almost 21 years of existence of the institute. Many recollections have been cultivated, during the latest as well as those meetings and gatherings happened in the past, and other events which were collectively known as the Celebrations of the Institute's Coming-of-Age. In this lieu, "A Twenty-one Years' Chronology of Textiles" has been released to remind everybody specially its members of the journey which the institute has been continuing so far.

The article discusses the wages fund theory and popular influence of economists. Aside from discussions over technical aspects of the theory, economists as social scientists have always been concerned with public questions of their day. Although the wages fund is mainly of historical interest in economic theory, it has generally been supposed that it represented a subject on which professional economists made a contribution to public opinion of mid-nineteenth century Great Britain. Study of the views of great variety of individuals as presented in reports of a British Royal Commission in 1867-68 indicates that the discouraging conclusions of economists on the success or justice of trade-union action raise wages were not widely known. In the history of the development of economic theory it has been represented that this theoretical argument of the ranking economists was used by the general public to demonstrate the futility of strike action over wages. The author further discusses theory proposed by various economists and suggests that historians of economic thought have been wrong in ascribing to economists a leading influence on the popular opinion of mid-nineteenth century Great Britain in regard to trade unions and their efforts to raise wages.