STATE CONTROL OF ARMS INDUSTRY.
GOVERNMENT BILL Aim of Restricting Excess Profits. PROGRESSIVE MEASURE. United Press Association. —Copyright. (Received 12 noon.) PARIS, June 26. After consideration by Cabinet, M Lebrun, President, initialled a bill, to nationalise the armament industry, for early submission to the Chamber of Deputies. The measure Avill be progressive, at first including only enterprises that can readily be absorbed into existing arsenals or are capable of being taken over by Government engineers. Government control is aimed at restricting excess profits and will be applied to other armament industries. It is expected that 12 works, including those of Schneider, Hotchkiss, Brandt and Renault, will be wholly nationalised.
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Auckland Star, Volume LXVII, Issue 151, 27 June 1936, Page 9
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109STATE CONTROL OF ARMS INDUSTRY. Auckland Star, Volume LXVII, Issue 151, 27 June 1936, Page 9
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