FINGER POINTED AT NEW ZEALAND
Keceived Fridav, 10.-15 p.m. BBA'DUX, June 21. To illustrate the claim that the nat ionalisat ion of tlie electricity industry in Britain wouid be a ''gigantic gnniblo, ' ' Lord Haydon, cliainnan of Kdmuiidson 's Electrieity Corporation, in a speecli at the annual meeting, roferred to losses which he said had been i,ncurroil by State operated undertakings in Australia and Xew Zealand. Lord Roydon said in Australia State enterprises had shown throughout a clie»{tu*red career aml consistent heavy losses. The State railways in Xew Zealand had to write off a loss of fio, IKio, 000 in 1 SIIIl. " ■•Tlu* coinmon "feature of all such exjieriinents is the politieal pressure b rough t to bear 011 tlu* lnanat'ers of ! ln'se nat ionalised industries niueli to iheir detriinent, " he said.
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Chronicle (Levin), 22 June 1946, Page 5
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131FINGER POINTED AT NEW ZEALAND Chronicle (Levin), 22 June 1946, Page 5
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