Steel Nationalisation Threat Slows Down Expansion Programme
19.30 a.m.) LONDON. Jan. 21. Steel industry spokesmen will shortly seek a meeting with Government leaders and warn them that the whole development scheme designed to raise the industry’s production to 1,750,000 tons by 1953 is in jeopardy, says the Yorkshire Post’s industrial correspondent.
The spokesmen say that this is because tile threat of steel nationalisation has made it impossible for the steel companies to borrow capital which they need to complete development work, and the uncertainty of the future in making them hestitate to use all their own financial resources.
The threat of nationalisation is also having a serious effect on the prospects of the supply of iron ore from overseas.
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Bibliographic details
Gisborne Herald, Volume LXXVI, Issue 22851, 22 January 1949, Page 5
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119Steel Nationalisation Threat Slows Down Expansion Programme Gisborne Herald, Volume LXXVI, Issue 22851, 22 January 1949, Page 5
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