Labour-Socialists’ Demand— More Nationalisation In Britain Is Urged

Greymouth Evening Star, 23 September 1949, Page 5

Labour-Socialists’ Demand— More Nationalisation In Britain Is Urged

LONDON, September 22 (Rec 10 a.m.). —The sugar? cold stoiage and meat distributing industries must be nationalised in . the Government’s attack on living costs, said the secretary of the British Labour Party, Mr Morgan Phillips, speaking at a Labour Party rally at Filey, Yorkshire, today. ‘ He added that in the sugar industry it was a question of whether ltd continue the already high subsidies or, as the party had decided, to bring the industry under public ownership.

. • Mr Phillips said that under nation- ' isation the Government would safeguard the workers’ interests in the Colonial holdings of Tate and Lyle, Britain’s largest sugar refining concern, which recently decided to fight nationalisation. Britain’s life assurance companies, whose combined assets total £1,200,000,000, have completed plans to fight nationalisation. . The chairman of the Industrial Life

Office’s Association, Mr J. K. Wiseman, announced today that plans were already being put into effect. He said that 400 voluntary anti-nation-alisation committees, comprising thousands of insurance men, were being set up throughout the country. The.'chairman of the British Insurance Association, Mr C. H. Leach, said that proposals to nationalise insurance were causing bewilderment abroad , and would seriously affect Britain’s overseas earnings*