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. . . and Nabarro Warns of State Take-over of Haulage
Page 66
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THE Labour Party's policy to renationalize long-distance road haulage and integrate private enterprise C-licensed lorries would lunge at the heart of the country's prosperity, said Sir Gerald Nabarro, M.P., at a rally ef Lancashire and Yorkshire hauliers organized by the Road Haulage Association in Manchester last week.
Transport dictators would tell traders how they were to send their goods and freedom of choice would disappear, being replaced by an incompetent autocracy. The present businesses of thousands of operators would be taken over by the State with the so-called compensation being paid in rapidly depreciating Government stocks. Sir Gerald reminded his hearers that £100 invested in 21 per cent " Daltons ", issued by the Labour Government after the last war, was now worth £40 12s. 6d.
The State never ran anything at a profit and would turn profit-making businesses into loss-makers, said Sir Gerald. If road hauliers wished to save their businesses they must put in great efforts during the next few weeks.