§ 20. Mr. Brooksasked the Chancellor of the Exchequer what have been the annual net profits or deficits of each of the nationalised undertakings during the periods of office of their present chairmen; what are the equivalent figures expressed in constant prices; and what do these yields represent in terms of annual return on capital.
§ Mr. TaverneWith permission, I will circulate the required information in the OFFICIAL REPORT.
§ Mr. BrooksLeaving aside our curiosity on that for the moment, will not my hon. and learned Friend agree that it is not satisfactory for the National Board for Prices and Incomes to discuss the levels of responsibility in nationalised industry without giving us some measure of the efficiency with which this responsibility is exercised? Will he quite simply say whether the productivity criteria are applied to senior executives?
§ Mr. TaverneThis matter was fully gone into when my right hon. Friend the First Secretary made her statement on 3rd April, and in the debate which followed.
§ Following is the information:
969| Date of Appointment of Chairman | Return on Capital* | Net Income at Current Prices† | Net Income at Constant Prices‡ | |
| Per cent. | £ million | £ million | ||
| CENTRAL ELECTRICITY GENERATING BOARD | 1. 1.65 | |||
| 1965–66 | 6.3 | 141.1 | 149.7 | |
| 1966–67 | 5.7 | 143.8 | 147.0 | |
| 1967–68 | 5.4 | 151.2 | 151.2 | |
| SOUTH-EASTERN ELECTRICITY BOARD | 1. 4.66 | |||
| 1966–67 | 3.2 | 2.9 | 3.0 | |
| 1967–68 | 6.7 | 7.1 | 7.1 | |
| SOUTHERN ELECTRICITY BOARD | 1.12.54 | |||
| 1962–63 | 8.8 | 7.5 | 8.7 | |
| 1963–64 | 8.5 | 8.1 | 9.2 | |
| 1964–65 | 5.3 | 5.6 | 6.3 | |
| 1965–66 | 7.5 | 9.0 | 9.5 | |
| 1966–67 | 3.8 | 5.2 | 5.3 | |
| 1967–68 | 7.7 | 11.7 | 11.7 | |
| SOUTH WESTERN ELECTRICITY BOARD | 1. 3.56 | |||
| 1962–63 | 6.7 | 3–0 | 3.5 | |
| 1963–64 | 4.7 | 2.4 | 2.7 | |
| 1964–65 | 3.9 | 4.5 | 5.0 | |
| 1965–66 | 7.8 | 5.2 | 5.5 | |
| 1966–67 | 4.3 | 3.2 | 3.3 | |
| 1967–68 | 10.2 | 8.5 | 8.5 | |
| EASTERN ELECTRICITY BOARD | 1. 4.63 | |||
| 1963–64 | 9.6 | 10.6 | 12.1 | |
| 1964–65 | 4.7 | 5.7 | 6.3 | |
| 1965–66 | 8.3 | 11.6 | 12.3 | |
| 1966–67 | 5.1 | 7.8 | 8.0 | |
| 1967–68 | 8.9 | 15.2 | 15.2 | |
| EAST MIDLANDS ELECTRICITY BOARD | 1. 1.65 | |||
| 1965–66 | 8.4 | 8.3 | 8.8 | |
| 1966–67 | 4.4 | 4.8 | 4.9 | |
| 1967–68 | 6.8 | 8.3 | 8.3 | |
| MERSEYSIDE AND NORTH WALES ELECTRICITY BOARD | 8. 2.62 | |||
| 1962–63 | 6.0 | 3.0 | 3.5 | |
| 1963–64 | 7.6 | 4.5 | 5.1 | |
| 1964–65 | 8.7 | 5.7 | 6.3 | |
| 1965–66 | 6.2 | 4.4 | 4.7 | |
| 1966–67 | 4.3 | 3.3 | 3.4 | |
| 1967–68 | 6.0 | 5.0 | 5.0 | |
| YORKSHIRE ELECTRICITY BOARD | 25. 2.62 | |||
| 1962–63 | 2.9 | 2.7 | 3.1 | |
| 1963–64 | 7.6 | 8.0 | 9.1 | |
| 1964–65 | 7.8 | 9.4 | 14.0 | |
| 1965–66 | 9.4 | 12.4 | 13.2 | |
| 1966–67 | 4.7 | 6.8 | 6.9 | |
| 1967–68 | 7.6 | 11.9 | 11.9 | |
| NORTH WESTERN ELECTRICITY BOARD | 1. 4.64 | |||
| 1964–65 | 6.5 | 6.6 | 7.3 | |
| 1965–66 | 6.9 | 7.9 | 8.4 | |
| 1966–67 | 1.9 | 2.4 | 2.5 | |
| 1967–68 | 5.5 | 7.9 | 7.9 | |
| SOUTH EASTERN GAS BOARD | 1. 1.60 | |||
| 1962–63 | 3.9 | 3.3 | 3.8 | |
| 1963–64 | 5.6 | 4.9 | 5.6 | |
| 1964–65 | 6.7 | 6.3 | 7.0 | |
| 1965–66 | 5.4 | 5.6 | 5.9 | |
| 1966–67 | 2.3 | 2.7 | 2.8 | |
| 1967–68 | 2.1 | 2.9 | 2.9 | |
| SOUTH WESTERN GAS BOARD | 1. 5.64 | |||
| 1964–65 | 5.5 | 2.5 | 2.8 | |
| 1965–66 | 4.4 | 2.1 | 2.2 | |
| 1966–67 | 5.4 | 2.9 | 3.0 | |
| 1967–68 | 5.3 | 3.4 | 3.4 | |
| EASTERN GAS BOARD | 1. 5.59 | |||
| 1962–63 | 5.7 | 2.5 | 2.9 | |
| 1963–64 | 5.3 | 2.5 | 2.9 | |
| 1964–65 | 5.9 | 3.1 | 3.4 | |
| 1965–66 | 6.0 | 3.5 | 3.7 | |
| 1966–67 | 4.5 | 3.2 | 3.3 | |
| 1967–68 | 3.8 | 2.9 | 2.9 |
§ NOTES:
§ * Capital for this purpose is defined as average net assets.
§ ‡ Net income is gross income before charging taxation and interest on borrowings but after charging depreciation at historic cost and forseeable obsolescence.
§ ‡ Revaluation to constant prices is based on the consumer price index, taking 1967=100.