Shorthand Dictation 80 Words per minute, “Virtual Bill”Test 5 Minutes Audio Dictation, Shorthand Outline and Text Matter 23

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Sir, it is admitted by all sections of this House and the other House as/ a very important Bill and, ordinarily, a law of this sort would receive appreciations at // least from this section of the House. But after looking through the provisions of this /// Bill and also going through the proceedings and also witnessing the hon. Minister’s speech who piloted (1) the Bill in the other house as also the opinions expressed by him in/ the various forums, which I have heard of, I do not think that this can // under any stretch of imagination, be called nationalization at least as far as I can /// understand it.

Sir, I am aware that the Government tries to garb itself with ideas (2) and words, which mean something else so that it can prove its progressive nature and / it may also say to the world and  to the country also that they are // about to usher in a socialist state, a welfare State, a cooperative movement and whatever/// else other phrases may mean. It shall be may endeavor today to attempt to prove (3) that the Government is quite entitled to call it nationalization but as far as I / know I do not think that I shall agree to its taking credit in this // manner. But there are certain principles of nationalization. By merely calling anything nationalization it does/// not become nationalization. There are certain principles. What are those principles?

Firstly, you must prevent (4) any private exploiter for private benefit especially in an industry essential for the very life/ and well-being of the society. In this case that principle does not arise because // in most cases these business houses are not making profits in the normal sense of /// the term profits. There are other dubious ways of making profits which  most of these (5) business proprietors, managing agents know of, I do not refer to them.

The other principle / is that when you take over, you shall not let the society suffer by way // of giving more facilities  to the business houses. That is, you take over something which /// is more or less derelict and pay something exorbitant at the expense of the society.(6/360 words)