BUYING BUNGLED
Page 34
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WHENEVER the present Government VY had had a hand in buying anything for the country, the Nation had been called upon to meet a deficit, said Viscount Long of Wraxall at a meeting of the motor trade and road transport section of Bristol Chamber of Commerce. He was speaking in opposition to the Transport Bill, which, he said, would "bring every evil in its track."
A resolution was carried unanimously, condemning the Bill;
"CHEAP CAPITAL" TO BRING TRANSPORT UP TO DATE
" riNE of the chief benefits resulting
Q from nationalization of transport will be the availability of cheap capital and the assurance that this money will be spent where it is most urgently needed. For the first time, the industry, under public ownership, will be able to take a comprehensive view of the country's transport needs and,formulate and carry through a programme adequate to the task."
This statement was made recently by the Minister of Transport, Mr. A. J. Barnes, when he addressed a conference of the London Labour Party.
He said that it was clear that modernization of the transport system of the country would involve the expenditure of some hundreds of millions of pounds, and it was open to question whether the transport industry, under divided ownership, could find the resources to fulfil such a programme without substantial Government aid.