Head of Iron and Steel Corporation takes over 92 companies to be nationalised.
GV. Steel Corporation building, Westminster. SV. Name over door 'No 1, Chester Street'. LV. Board seated at table. CU. Chairman of board, Mr Steven Hardie. SV. Mr S. S. Wilson (left) and Mr John W. Carter, pan to Sir Jon Green. CU. Sir James Steel. CU. Mr Arthur MacBain. SV. Crowd of pressmen.
SCU. Chairman, Mr Hardie, speaking (natural sound): 'The iron and Steel Industry is now publicly owned. The Iron and Steel Corporation of which I am Chairman, have been given the task of creating an organisation to run this great industry as trustees for the nation'. CU. Mr Hardie continues: 'I am confident we shall assist the industry to be still more successful in the service of the people of Britain'.
(Orig. Neg.) (Orig. Track. E.)