§ 38. Mr. Wingfield Digbyasked the Minister of Power what sum he has so far advanced to the Electricity Council in the year 1961–62, or proposes to advance before the end of the financial year, as compared with the £178 million he advanced in 1960–61.
§ Mr. WoodThe total of gross advances to the Electricity Council in the financial year 1961–62, under Section 42 of the Finance Act, 1956 (as subsequently amended), was £223 million.
§ Mr. DigbyIn view of the many demands on our capital resources, particularly in the public sector, is not this a very large sum, particularly as quite a large proportion of it was for building nuclear power stations which will be uneconomic for a number of years?
§ Mr. WoodIt is a very large sum of investment and a great number of the British public are pressing me, for various reasons, to spend even more.
§ Mr. ShinwellDoes not that answer indicate that there is great benefit to be derived from nationalisation?