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 Sir Spencer Summers Sir Spencer Summers , Aylesbury 12:00 am, 12th November 1951

It is no use the hon. Member saying that he is talking about assets and not about shares because it is shares which the Corporation owns—shares represented by assets, of course—and which were transferred when the industry was nationalised, and it will be shares which will be transferred back when the Act is annulled and a fresh Act put in its place.

I hope that the Government will see fit to create two instruments for their policy. Only thus do I think they can succeed in their task.