HC Deb 26 March 1930 vol 237 cc417-8

asked the Minister of Transport if he is satisfied that the financial and other operations and resources of every electricity distributing company are kept entirely separate from those of all other companies; and whether he will consider setting up an inquiry into the financial relationships between electricity holding companies and the distributing companies which they control?


The accounts of electricity distribution companies are in the form prescribed by the Electricity Commissioners. They are entirely separate from those of any finance or holding company controlling them and necessarily take no cognisance of the operations of such companies. The accounts are officially audited, and as at present advised I do not propose to institute an inquiry of the nature indicated by my hon. Friend in the last part of his question.