HC Deb 28 February 1938 vol 332 c752W
Mr. T. Williams

asked the Home Secretary what has been the total capital expenditure by the Betting Control Board to the latest date for which figures are available; the amount written off for depreciation; the amount of debt outstanding; and the estimated assets?

Sir S. Hoare

The Board's cccounts for 1937 have not yet been audited, and I am therefore unable at present to give figures covering the Board's operations during 1937. At the 31st December, 1936, the position was as follows:—Total capital expenditure of the Board (including development expenditure) amounted to £2,547,807 4s. 3d. No specific provision had been made for depreciation, but sums amounting to £483,971 0s. 8d. had been provided out of revenue in reduction of the book value of the Board's assets, and in addition a reserve of £52,000 had been created for renewals and contingencies. The amount owing in respect of borrowed money was £1,761,351 17s. 10d. (of which £1,204,076 14s. 3d. represented registered stock issued by the Board and the interest accrued thereon); and in addition there were outstanding commitments to creditors and in respect of accrued charges and grants amounting to £170,152 8s. 10d. Full particulars of the Board's assets are given in the balance sheet published as Appendix I of the Board's Annual Report and Accounts for 1936.