HC Deb 05 April 1963 vol 675 c90W
Sir W. Bromley-Davenport

asked the Minister of Power what is the total amount of loss sustained by the coal industry since nationalisation until the present day; and what is the total amount of money advanced to the industry by the Government during that period.

Mr. Wood

The National Coal Board's accumulated deficit at the end of 1962 was about £91 million; exact figures will be available when the Board's Accounts are published. Since 1st January, 1947, net Exchequer advances under Section 26 of the Coal Industry Nationalisation Act, 1946 have amounted to £602 million and repayments of vesting liabilities to £45 million, making a total of £557 million at 31st March, 1963.

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