(1) State ownership. However, this heading can covereverything from absolute political supervision to state ownership of majority shares.(2) Autonomous. Public Trusts such as London and Liverpoolwere before privatisation. Many UK ports used to have thistype of administration before they were privatised in thelate 1980s. Such a Trust is a quasi-governmental organisation set up by Act of Parliament. It is non-profit-makingand offers a unified functional administration over a functionally defined area. It may suffer from insufficiency offunds and may be burdened with unnecessary restrictions.
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