BRITISH RAILWAYS
LABOUR PARTY’S NATIONALISATION BILL
COMMISSIONER CONTROL PROPOSED
By Telegraph—Press Association-Copyright.
(Rec. April 13, 1.20 a.m.) London, April 11.
The Labour Barty’s Bill to nationalise tho railways provides for the vesting of all railways in the Ministry of Transport within six months of the passage of the measure; the purchase to be met by the issue of special railway stock to the shareholders, calculated on tho pre-war prico of the stock, but subject to a reduction equivalent to the depreciation of the stock during the war period, which is estimated at 30 per cent.; tho general direction of railways to devolve upon seven commissioners, three appointed by the Government, three by tho railway unions, and one bv the Treasury. -Aus.-N.Z. Cable Assn.
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Dominion, Volume 14, Issue 169, 13 April 1921, Page 7
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123BRITISH RAILWAYS Dominion, Volume 14, Issue 169, 13 April 1921, Page 7
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