Categorisation of Schemes



In Chapter 1 we outlined three elements of the crisis which have influenced the emergence of local and regional authority shareholding. These were:
  1. (a)

    the restructuring of British industry, involving an overall reduction of output and productive capital and a conflict between large and small firms;

  2. (b)

    the need to control or influence a haphazard property market arising out of the increase in speculative office construction;

  3. (c)

    pressures to reduce state expenditure in so far as it represented a further unproductive charge on surplus-value.



Local Authority Public Expenditure County Council Share Capital Preference Share 
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  1. 1.
    D. B. Chynoweth, ‘CRIS — A New Venture for Superannuation Fund Investment’, Local Government Chronicle (26 March 1976).Google Scholar

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© Richard Minns and Jennifer Thornley 1978

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