| Description | Nationalisation under Cable and Wireless Bill 1946. Compensation to be decided by Arbitration Tribunal following disagreement between company and HM Government (HMG); delay; award announced 25 February 1949, to take form of two small tranches of existing stocks. Bank agree to assist company with reconstruction scheme, but without publicity, 20 October 1949. Cable & Wireless Ltd to become a wholly-owned subsidiary of new Post Office Corporation, 4 May 1967. |