Nationalisation Plans In Britain

Chronicle (Levin), 10 March 1948, Page 7

Nationalisation Plans In Britain

. 1 • Eeceived :Tues(lav, ^.50 p.tn. ' • i ■ • .' • ...... LONDON.- Mareli 9. j Tlie Labour Party has issued a | pamphlet eiititled " Ppjilic .Ownership — I rhe Nexf Step", ihvitl'rig its " menfbers I to qxpress their views upon the next | industries in Britain most suitable for ! nationalisation. The pamphlet suggests i that the choice of industries for j nationalisation should be made under I tlie f'ollowing headings: — First, indus I tries 0 which are basie suppliers oi' i materials or seryices; second, industries ? wliicli are monopolised by large trusts; I third, industries which are irietticient I because they are split into uuits too I small for economic eompetition, because I they cannot (ind enough capital for I devclopnient or because they are Inir- 1 dened with low standards of manage- | mcnt; four, industries which invest I apital on a large scale; and, five, in- I dustries which are " suf'Cering from verv I liad industrial' relationships". The i pamphlet avoids naming any particulai i .ndustries and recognises that British 2 economy is likcly to reniain a mixture ! of private and public owncrshij) for a 9 long time to come". it declares that the | nationalisation of basie industries i> ! Iielpful to private lirms because it f reesj $ them from the activitics of "monopol- | istic giants". The pamphlet eoneludes I with a hint to private onterprise to be I on its best bohaviour. "lMuch will i deiJcnd, " it sa.vs, "011 the >ourse of w evonls as vve move towards the nexi 2 • general clection. B.v then wc slialn 2 know how full y tliose . in cliarge of | various private indufitrics are willing | to cooperate with the Governnient in | raising productivity and advanciug the ! general welfare. " |