Orders of the Day — Steel Industry and Road Haulage

Part of the debate – in the House of Commons at 12:00 am on 12th November 1951.

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Photo of Mr Ivor Thomas Mr Ivor Thomas , The Wrekin 12:00 am, 12th November 1951

If there is put into operation the procedure suggested and outlined of assets now in the hands of the Iron and Steel Corporation being unloaded, as the hon. Member has termed it, on to the private market, and it is found that, after that unloading has taken place to a certain extent a certain amount of what remains in the hands of the Iron and Steel Corporation cannot find an effective market, who will carry that redundant amount? Who is to foot the bill for the losses?