Monday, Jul. 29, 1946

BOX SCORE ON BRITISH NATIONALIZATION

Here stands after Britain's program of mixed socialism and capitalism stands after Labor's first year:

NATIONALIZED TO DATE

1) BANK OF ENGLAND. Former shareholders receive Government stock at same yield. industry. Governor reappointed, plus 16 directors from finance and industry.

2) COAL MINES. National Coal Board representing industry, science, labor and finance now runs mines. Their job: to step up coal output. To do this, they will increase or limit collieries, develop byproducts, fix production and prices, and spend $600,000,000 for capital equipment in next five years.

3) BROADCASTING. The BBC, a Government-subsidized monopoly for 20 years, has just had its charter renewed for five years more.

4) INSURANCE. Labor's National Insurance Bill provides "cradle to grave" social security for the entire nation, is similar to the Liberal Party's Beveridge

BEFORE PARLIAMENT

1) CIVIL AVIATION. Three public corporations under the Air Ministry will run all civil air services and airfields "on business lines."

2) TELECOMMUNICATIONS. Worldwide external facilities of Cable & Wireless Ltd., big 16 years ago under a Government-approved merger of four big companies, will be nationalized.

3) IRON to STEEL. In May, the House approved the Government's motion to transfer "appropriate sections" to public ownership. After further study, a bill will be offered, probably recommending nationalization of iron ore, coke ovens unaffected by the coal bill, pig iron and most steel ingot manufacture, heavy rolling mills and some finishing plants. Just where the line can or will be drawn is a question. Meantime, the Government will appoint a Steel Control Board to oversee the industry and insure raw materials supply, and may carry out modernization schemes taken from the industry's own plan.

4) HEALTH. By 1948 Britons will have complete medical, dental, specialist and hospital services under the National Health Service.

5) ATOMIC ENERGY. Supply Minister will get almost complete control over development, information, inspection, licensing, patents.

UNDER INVESTIGATION BY "WORKING PARTIES"

Fifteen major industries in the textile, housewares, clothing and small metalworking fields will not be natinalized unless found inefficient Thirteen-man "working parties" (TIME, June 24) comprising labor, management and public members will survey the industries, report needed improvements to the Board of Trade. So far, the cotton and pottery industries' reports have urged: 1) no nationalization; 2) limited Government intervention to aid modernization; 3) free competititon.

ON LABOR'S ACTIVE LIST

1) ELECTRICITY. Already largely controlled through the Central Electricity Board, which buys the output of privately owned generator stations, sells it to private or municipal distributors.

2) GAS. Fuel & Power Minister Shinwell has served notice on the industry that it can expect to be nationalized "lock, stock & barrel."

3) TRANSPORT. Labor plans to weld railways, trucking canals, docks & harbors (but not shipping) into a unit under a national transport board by next year. Rail and road haulage comapnies have already launched a "fight-to-finish" propaganda barrage against the project."

ON LABOR'S "FUTURES" LIST (1950 OR LATER)

1) PETROLEUM. This almost got on the "active" list at Labor's party convention in June on the grounds that the industry played ball with fascists during the war. The Labor Party's Executive Committee is now pondering its fate.

2) AGRICULTURE. Under a five-year extension of its broad wartime controls, the Agriculture Ministry now sets minimum farm prices for meat and dairy produce four years ahead. Cereals, potatoes, sugar beets are pegged 18 months before harvest. Farmers can be told in advance whether to limit or expand production. Inefficient farmers may be "supervised," and even dispossessed if they do not mend their ways.

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