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Introduction

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State Shareholding
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Abstract

State shareholding by local and regional authorities is an entirely new phenomenon. Over the last ten years local councils and regional authorities have acquired shares in public and private companies. Between 1968 and 1976 there were 20 companies in which 10 local authorities owned shares, 15 companies in which the 8 local authority Passenger Transport Executives (PTEs) owned shares, 23 companies in which the Highlands and Islands Development Board (HIDB) owned shares, and 17 companies in which the Northern Ireland Finance Corporation (NIFC) owned shares. There was therefore a total of 75 companies in which local and regional authorities acquired shares in this period.

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Notes

  1. W. Solesbury, Policy in Urban Planning (Pergamon Press, 1974).

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  2. P. Hall, Urban and Regional Planning (Penguin Books, 1974).

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  3. Royal Commission on Local Government in England, vol. 2, Memorandum of Dissent by D. Senior, Cmnd 4040–1 (HMSO, 1969);

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  4. Quoted in J. B. Cullingworth, Town and Country Planning in Britain (Allen & Unwin, 1972) p. 287.

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  5. S. Young and A. V. Lowe, Intervention in the Mixed Economy (Croom Helm, 1974).

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  6. D. C. Hague, W. J. M. Mackenzie and A. Barker (eds) Public Policy and Private Interests — The Institutions of Compromise, (Macmillan, 1975) pp. 13–18.

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  7. Also, B. Smith (ed.) The New Political Economy: The Public Use of the Private Sector(Macmillan, 1975)

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  8. Also, B. Smith (ed.) The New Political Economy: The Public Use of the Private Sector(Macmillan, 1975) and B. Smith and D. Hague (eds) The Dilemma of Accountability in Modern Government (Macmillan, 1973).

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  9. A. King, ‘Overload: Problems of Governing in the 1970s’, Political Studies, XXIII (1975).

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  10. See J. Cornford (ed.) The Failure of the State (Croom Helm, 1975) and Douglas, op. cit.

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  11. See R. E. Pahl and J. T. Winkler, ‘The Coming Corporatism’, New Society (10 October 1974)

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  12. See R. E. Pahl and J. T. Winkler, ‘The Coming Corporatism’, New Society (10 October 1974); and J. T. Winkler, ‘Corporatism’, European Journal of Sociology, XVII (1976). The quotations in this section are taken from both these articles.

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© 1978 Richard Minns and Jennifer Thornley

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Minns, R., Thornley, J. (1978). Introduction. In: State Shareholding. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-03768-1_1

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