Nationalised Industries (Compensation)

Oral Answers to Questions — National Finance – in the House of Commons am 12:00 am ar 29 Gorffennaf 1947.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Mr Cyril Osborne Mr Cyril Osborne , Louth Borough 12:00, 29 Gorffennaf 1947

asked the Chancellor of the Exchequer what steps he is taking to prevent the compensation to owners of industries about to be nationalised being vitiated by the recent fall in the value of Government securities, exemplified by the present price of 91¼ for the 2½ per cent. Treasury Stock issued last October

Photo of Mr Hugh Dalton Mr Hugh Dalton , Bishop Auckland

The terms of compensation will be settled when the time comes, having regard to the price of Government securities at that time.