Mr. Wilson Harrisasked the Minister of Fuel and Power whether he will arrange for the continuance of the interim income of collieries till they have received the compensation due to them.
§ Mr. GaitskellThe Coal Industry Nationalisation Act provides for continuing accrual of interim income from the vesting date (1st January, 1947) until compensation is fully satisfied; but the Act only provides for revenue payments, as a form of interim income, for two years. Revenue payments represent considerably larger sums than interest at 3 per cent. on estimated compensation and the Government could not contemplate provision for their continuation. After the cessation of revenue payments interim income accrues and will be added to the amount of compensation.