BRITAIN’S EXPORT TRADE

Bay of Plenty Times, Volume LXXIV, Issue 14070, 27 May 1946, Page 3

BRITAIN’S EXPORT TRADE

EFFECTS OF NATIONALISATION FEARED London, May 25. Although Britain’s export trade figures arc rising month by month, .and there is confidence that the trend will be maintain! d, doubts concerning the future of British inuctry are beard from time to time. They are mostly connected with the Government's- programme of nationalisation. . Mr Ellis Hunter, president •of the Biitish Iron and Steel Federation, said recently: “Nationalisation of sections of the iron and steel indus!i v would tear out the i.oaJ t of organisation:; wh’cn weic io.mcily mast c iTi cl cat. "Bi IVin's trade, which to my mind is now in jeopardy,” said Mr f.:> Stride, of the, Industrial ami General Trust, “was built up in the •cast bv individual effort. The tendency now appears to he for a group of men to take other people*, businesses and put someone at the head who knows nstring of the particular trade and allow him. but the issue ~(• statutory inlos apd orders (without even the specific sanction ol Parliament) to create such regumtoins. having 11 1 e lorcc of law. as he pleases. They are only risking other people’s resources and any losses are made up by taxation oi the original owners and others.