VITAL INDUSTRIES
Public Ownership Essential (Rec. 7.20 p.m.) LONDON, Oct. 3. The public ownership of industries is vital to national life, and must be maintained as the foundation on which post-war reconstruction will rest, declares a special report of the General Council of the Trade Union Congress. The report adds that certain industries are of such vital importance to the life and well-being of the community that their immediate transfer to public ownership is essential. They are notably transport, fuel and power and the iron and steel industries. The Council urges that the hrain effort should Ire directed after the war toward the nationalisation of the railways and coalmines. "Forms of organisation for all publicly-owned industries should be a public corporation, established by Act of Parliament to take over all undertakings within a particular industry.” The report also recommends that some form of public regulation of the cotton and woollen textile industries, and industries at present in the hands of one combine, such as heavy chemicals, cement, rayon, soap, margarine. tobacco and non-ferrous metals.
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Bibliographic details
Timaru Herald, Volume CLVI, Issue 23014, 4 October 1944, Page 5
Word Count
174VITAL INDUSTRIES Timaru Herald, Volume CLVI, Issue 23014, 4 October 1944, Page 5
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