National Coal Board Accounts

HC Deb 24 July 1947 vol 440 cc1575-6

35. Major Roberts

asked the Minister of Fuel and Power what is the financial result of the first six months trading of the National Coal Board.

Mr. Shinwell

I would remind the hon. Member that Section 31 of the Coal Industry Nationalisation Act, 1946, requires the National Coal Board to prepare an annual statement of accounts, which it will be my duty to lay before the House.

Major Roberts

Does the Minister deny the reliable reports which are going about that, in the first six months, a loss has been made, and, further, will he use his influence with his right hon. Friend the Minister of Supply to see that no further nationalisation of steel takes place until these figures have been given?

Mr. Shinwell

The only reliable reports on the subject are those made by myself to this House.