§ 61. Mr. H. WILLIAMSasked the Minister of Transport if he can state the written-down value of the assets of the Surbiton and District Undertaking, the original cost of which was £194,000, which were transferred to the London and Home Counties Joint Electricity Authority for the sum of £198,216; and whether there was any other consideration in addition to the cash payment and, if so, what was the nature of that consideration?
§ Mr. PYBUSNo, Sir. As I have previously informed my hon. Friend, it is not the practice of Electricity Companies to write down their capital expenditure until such time as particular assets disappear. In addition to the cash payment, the Joint Authority assumed liability for the balance of certain sums due from the Company to the Surbiton Council, amounting to between £2,000 and £3,000 and payable over a period of years.