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Received Wednesdav, 11.15 p.m. LONDON, Dec. 11. There has been mounling eriticism of the Govnrnment 's terms for nationalising tlie British railways and mad transport undertakings and the debate on the Bill threatens to be extreniely heated, says the Australian Associated Press special represcntntivc. Brieflv the Governinent is taking over £1,0(15, 000,000 of liome railway stocks on tlu basis of average market values over certain periods and oll'ering Govern ment stock in exchange/ The rate of interest. on fhe new stock probably wil not lie more tinui 21 per ccnt. so tlint thousands of railway stockholders th rough out tlie countrv will face a los.in income. Particularly hard hit ari those administeriiig trust funds aiu who are bound by the Trustees Act o 1925. There is eriticism from railway stockholders because tlie mad transport undertakings are to be acquired on t varied basis of valuation of the lixoi assets or on the basis of recent no' profits.
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Chronicle (Levin), 12 December 1946, Page 5
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160HEATED DEBATE LIKELY Chronicle (Levin), 12 December 1946, Page 5
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