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SOCIALIST PLAN

CONTROL IN BRITAIN Big Drop Occurs In Bank Of England Stock N.Z. Press Association—Copyright Rec. noon. LONDON, Aug. 1. The chairman of the national executive cf the Labour party, Professor Harold Laski, in a broadcast to America on priorities in Labour's nationalisation programme, said the Bank of England would be socialised and the direction of investments planned as part of the process of industrial reorganisation. Then would follow nationalisation of mines, electrical power and the iron and steel industry. The programme would follow the broad outlines of the Tennessee Valley Authority's scheme—planned production by the State for community consumption in a considerable section of Britain's economic life in the next five years. Professor Laski's broadcast to America brought a fresh wave of selling of so-called nationalisation shares, including railway, coal and building shares, reports the Exchange Telegraph's city editor. One of the biggest falls of the war period was recorded in Bank of England stock, which dropped a further eight points to 360, making a total decline in the last few days of over 20 points.

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http://paperspast.natlib.govt.nz/newspapers/AS19450802.2.54

Bibliographic details

SOCIALIST PLAN, Auckland Star, Volume LXXVI, Issue 181, 2 August 1945

Word Count
178

SOCIALIST PLAN Auckland Star, Volume LXXVI, Issue 181, 2 August 1945

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