HC Deb 17 February 1958 vol 582 cc105-6W
34. Sir W. Wakefield

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

Sir I. Horobin

From the date of nationalisation in April, 1949, to March, 1957, the Council provided nearly 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 May, 1949, to 31st March, 1957
£m £m.
Internal Resources 162
External Resources—
Exchequer Advances 24
Stock Issues 291
Temporary Borrowings 18
Less Debt Redemption, etc. 66