New Labour Government Will Not Confiscate ORDERLY DEVELOPMENT Rec. noon. LONDON, July 31. Labour did not believe .in confiscation, but in fair compensation for anyone whose interests were taken over by the State, said Sir Stafford Cripps, President of the Board of Trade, broadcasting to the United States. Labour had limited, the programme for the next five years. They had power to plan orderly development of national resources. Some of the few more important industries and services would be brought under national ownership, and there was a system of planned control of private enterprise for the rest.
The party was anxious to safeguard the great volume of savings built up by small men, and for that reason alcne it would be necessary to maintain price and other controls to avoid inflation. They believed the changes must be brought about by democratic methods, and were determined that the House of Commons should be the sovereign body controlling every change on behalf of the people.
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PLANNED CONTROLS, Auckland Star, Volume LXXVI, Issue 180, 1 August 1945
PLANNED CONTROLS Auckland Star, Volume LXXVI, Issue 180, 1 August 1945
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