HC Deb 17 February 1958 vol 582 c105W
33. Sir W. Wakefield

asked the Paymaster-General how much of the new capital required by the Central Electricity Authority, since the industry was nationalised, has been provided by the authority itself; and how much has been provided out of public funds.

Sir I. Horobin

From the date of nationalisation in April, 1948, to March, 1957, the Authority provided about two-fifths of its new capital requirements from its own resources. The balance was provided from stock issues, guaranteed by the Treasury, Exchequer advances and temporary borrowings.

Following are the details:

1st April, 1948, to 31st March, 1957
r £m. £m
Inteenal Resources 602
Extrnal Resources—
Exchequer Advances 148
Stock Issues 816
Temporary Borrowings 39
Transfer to South of Scotland Electricity Board 6
Less Debt Redemption, etc. 161