In 1948, the post-war Labour Government set up the Colonial Development Corporation, a tax-payers' fund to promote industry and agriculture in the poorest parts of the Empire.
Sixty years on, today's Labour Government denies suggestions that it wants to privatise the agency.
However its critics say the CDC is increasingly concerned with making profits rather than relieving poverty.
File On 4's Gerry Northam also investigates claims that the public purse has been short changed.
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