| Admin History | In July 1945 the Labour Party, under leadership of Clement Richard Attlee, came to power with a large majority and remained in office until October 1951. The election programme of the new Government contained a number of quite specific nationalisation proposals: The Bank of England, coal mining, inland transport, electricity and gas supplies and iron and steel. The papers in this class are correspondence between the Accountant's Department (later Registrar's Department) and the Registrars concerning the Stocks and Shares of the companies that were nationalised and their exchange for the following stocks: Transport, 1947 - British Transport 3% Guaranteed Stock 1978-88 (renamed British Transport 3% Stock 1978-88 on 1 January 1963 when named a British Government Stock); Electricity, 1947 - British Electricity 3% Guaranteed Stock 1968-73; Steel first Nationalisation, 1949 - British Iron and Steel 3½ % Guaranteed Stock 1979-81 (on denationalisation the Security became, as on 13 July 1953, 3½% Treasury Stock 1979-81, a British Government Security); Steel second Nationalisation, 1967 - 6½ % Treasury Stock 1971, a British Government Security; Gas, 1949 - British Gas 3% Guaranteed Stock 1990-95 (On denationalisation the Security became as on 24 August 1986, 3% Exchequer Gas 1990-95, a British Government Security.) |