HC Deb 04 April 1955 vol 539 cc77-8W
Sir J. Barlow

asked the Minister of Fuel and Power to make a statement in regard to the valuation of interests transferred to the National Coal Board on nationalisation; and when payment of compensation will be completed.

Mr. Joynson-Hicks

Compensation already issued is about 95 per cent. of the estimated total and most of the valuations still outstanding are subject to litigation. Administration expenses have been much reduced through closure of local offices and reductions of staff, and I hope that payment of compensation will be completed by the end of this year.