HC Deb 14 May 1948 vol 450 c259W
Mr. Erroll

asked the Minister of Fuel and Power what were the annual profits of the electricity supply industry for each of the years subsequent to 1943–44, when they were last published.

Mr. Gaitskell

The distributable profits of authorised undertakers, that is, the gross surplus less the appropriations in respect of fixed charges, Income Tax, and depreciation, reserve and renewals funds, loan repayments and transfers to sinking funds, and special expenditure including amounts applied to capital outlay, were £10,382,224 in 1944–45 and £11,512,773 in 1945–46.