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Nationalisation (Capital Cost)

Volume 414: debated on Tuesday 23 October 1945

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62.

asked the Chancellor of the Exchequer to what extent he in tends to restrict private investment in order to provide funds for investment in Government loans to pay for the capital cost of nationalisation.

The hon. Member should not assume that loans of new money will be required to pay for the capital cost of nationalisation. No such loans will be needed, for example, in the case of the Bank of England.