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The documents outline a socialist policy for transferring property from private to public ownership together with a socialist policy of taxation, with focus on the problem of compensation and whether compensation should be paid instead of confiscation. The report argues confiscation is unjust, causes economic disturbance, and strengthens political opposition, using examples such as railway nationalisation.",{"@graph":69,"@context":123},[70,84,106],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/independent-labour-party-finance-enquiry-ommittee-reports-interim-reports/324115/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/independent-labour-party-finance-enquiry-ommittee-reports-interim-reports/324115.png","ImageObject",300,407,{"name":92,"@type":93},"Asher","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-24","2026-09-21",true,{"@type":102,"interactionType":103,"userInteractionCount":105},"InteractionCounter",{"@type":104},"ViewAction",16,{"@type":107,"mainEntity":108},"FAQPage",[109,115,119],{"name":110,"@type":111,"acceptedAnswer":112},"What is the committee’s scope in the finance enquiry reports?","Question",{"text":113,"@type":114},"The committee is set up to consider compensation related to transferring private property to the community, and how socialism applies to banking and the financial system.","Answer",{"name":116,"@type":111,"acceptedAnswer":117},"Does the report support paying compensation when private property is socialised?",{"text":118,"@type":114},"Yes. It states that, as a general rule, payment of compensation would be necessary and confiscation is not expedient.",{"name":120,"@type":111,"acceptedAnswer":121},"Why does the report argue against confiscation?",{"text":122,"@type":114},"It gives three reasons: confiscation would be unjust between owners of different capital, would lead to serious economic disturbance, and would strengthen political opposition to socialism.","https://schema.org",{"og:url":83,"og:type":125,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":127,"canonical":83},"index,follow",{"doc_id":129,"site_id":62},324115,1790469931,{"code":4,"msg":5,"data":132},{"doc_id":129,"user_id":133,"nickname":92,"user_avatar":134,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":135,"file_id":136,"file_url":137,"file_type":138,"file_size":139,"view_count":105,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":140,"language":141,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":142,"faqs":143,"seo_title":144,"seo_description":67,"update_tm":145,"read_time":41,"preview_page_count":4},687197207639,"https://ap-avatar.wpscdn.com/davatar_a8503ba1806abce46bf441b54a3ca4cd","97-84201-23  \nIndependent Labour Party(Great Britain)  \n# Finance enquiry\n\ncommittee reports  \nWestminster  \n1925  \nCOLUMBIA UNIVERSITY LIBRARIESPRESERVATION DIVISIONBIBLIOGRAPHIC MICROFORM TARGET  \nORIGINAL MATERIAL AS FILMED·EXISTING BIBLIOGRAPHIC RECORD  \n41102 Independent labour party(Great Britain)b NationalinictratioAdministrat ive council.  \n5245f¹0Finance enguiry committe reports:b-1.A Socialist policyfor transferrina property from private to public ownership,together with aSocialist policy of taxation;-2.The socialization of banks and credit ..6260Westminster,b n.p.c 1925.7   30015 p.c 21 cm.  \nRESTRIC'TIONS ON USE:Reprodutions may not be mace without permision trom Columbia UniversityLibraries.              \nTECHNICAL MICROFORM DATA  \nFILM SIZE:           mmREDUCTION RATIO:            9:/IMAGE PLACEMENT:IAIIAIB IIB  \nINITIALS:                  AP  \nDATE FILMED:                  9.30-97  \nTFACKING\\#:                                                                                             28175  \n08  \nINDEPENDENT LABOUR PARTY  \n# Finance Enquiry ommittee  Reports\n\nI.A Socialist Policy for Trans-ferring Property from Privateto Public Ownership,togetherwith a Socialist Policy ofTaxation.  \n## 2.The Socialisation of Banksand Credit.\n\nPrepared for submission to I.L.P.AnnualConference at Gloucester,I925  \nFxrtber copies can be supplied to Brancbes for tbepwrposes of discussion at the rate of six for i/-  \nINDEPENDENT LABOUR PARTY14 Great George Street,Westminster,S.W.I.  \nFINANCE ENQUIRY REPORTS.  \n个HE Committee set up by the Information Committee zt theI request of the N.AC,on the instructions of Conferenceto consider the following terms of reference,viz.:  \nI.The question of Compensation in its relation to theTransfer of Private Property to the Community,and  \n2.The application of Socialism to the Banking and FinancialSystem.  \nhas made interim reports which the N.A.C.herewith submits toConference for discussion.  The N.A.C.has taken no decisionupon the policy outlined.  \nWe recommend the same procedure for dealing with thesestatements as with the Machinery of Government Reports,Werecommend in this case that one hour of the time of the Con-ference shall be set aside for preliminary discussion,and that thereports be then submitted to Branches and Divisional Councilsfor thorough examination and that the N.A.C.shall then consultwith the Divisional Councils as to what steps should be taken todeclare the policy of the Party upon the matter.  \nWe understand that further reports to complete the enquirywill be presented by the Committee responsible for these interimstatements.  \nI.  \nA SOCIALIST POLICY FOR  \nTRANSFERRING PROPERTY FROMPRIVATE TO PUBLIC OWNERSHIPTOGETHER WITH A SOCIALIST POLICY OFTAXATION.  \nTHE PROBLEM OF COMPENSATION.  \nHE first question that arises for consideration is whether itI is desirable to pay any compensation at all when privateproperty is socialised,or whether private property should besimply confiscated.  \nOur opinion is,that as a general rule,the payment of com-pensation would be necessary and that confiscation is notexpedient.We assume that in this country socialisation wiltake place gradually,one industry after another being transferredto public ownership and organised as a public service.On this  \nassumtion the case against confiscation is threefold.It would  \n(r)be unjust as between owners of different kinds of capital;  \n(2)lead to serious economic disturbance;and  \n(3)greatly strengthen opposition to Socialism,and preventus from carrying out our policy as rapidly as we wouldotherwise be able to do.  \n(1)Let us consider as a practical example the nationalisationof the railways,and suppose that the Government simply con-fiscated all railway shares.This would be unjust to railwaysharel olders poor and rich alike,as compared with the ownersof other forms of capital.A person possessing a few hundredpoun(s ofsavings all invested in railways would be ruined,whilea mil ionaire with no capital investe","cbCaibCTWrogpXjH","https://ap.wps.com/l/cbCaibCTWrogpXjH","pdf",928892,12,"English","# Finance enquiry committee reports\n## 1. The question of Compensation in its relation to the Transfer of Private Property to the Community\n## 2. The application of Socialism to the Banking and Financial System\n## A Socialist Policy for Transferring Property from Private to Public Ownership - The Problem of Compensation","[{\"question\":\"What is the committee’s scope in the finance enquiry reports?\",\"answer\":\"The committee is set up to consider compensation related to transferring private property to the community, and how socialism applies to banking and the financial system.\"},{\"question\":\"Does the report support paying compensation when private property is socialised?\",\"answer\":\"Yes. It states that, as a general rule, payment of compensation would be necessary and confiscation is not expedient.\"},{\"question\":\"Why does the report argue against confiscation?\",\"answer\":\"It gives three reasons: confiscation would be unjust between owners of different capital, would lead to serious economic disturbance, and would strengthen political opposition to socialism.\"}]","INDEPENDENT LABOUR PARTY - Finance Enquiry ommittee Reports - Interim Reports | PDF",1789967064]