§ 34. Mr. H. Neal
asked the Minister of Fuel and Power what will be the extent of the loss on the sale of coal imported from the dollar area during the present coal year.
§ Mr. Jay
Does not my hon. Friend's Question illustrate the absurdity of a situation in which the Coal Board is selling industrial coal to industry in this country at below the economic price? Why should the Coal Board go on subsidising private industry, and will the Minister seriously consider inviting the Board to raise the price of industrial coal to the economic level?
Mr. B. Taylor
Is the Minister aware that the loss on imported coal appears in the balance sheet of the National Coal Board?
§ Viscount Hinchingbrooke
Is it not true that until now the Socialist Party has been arguing that the nationalised industries should be used as Government agencies for reducing the cost of living to the consumer?