This statement is followed by an ambiguous remark about the
nationalization of the mines A Labour majority would nationalize the mines and minerals as the only condition for satisfactory working." What does this mean ? Labour is apparently contemplating a Labour Government who would not have a majority over the other two parties. In that case the Government, we suppose, would deliberately go slow, and perhaps make use of one of the several commissions of inquiry which are proposed as a preliminary to the reorganization or nationalization of other industries. The next unex- pected thing is that the .programme does not contain the Labour Surtax in its familiar form. There is no mention of taxing all investment incomes of more than £500 a year. All that is said is that-there will be further differentiation between earned and unearned incomes.
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