HC Deb 11 April 1963 vol 675 cc192-3W
30. Mr. Kelley

asked the Minister of Power what part of the capital advanced to the National Coal Board since nationalisation has been repaid; and what is the total amount of interest received from that source by Her Majesty's Government during the same period.

31. Mr. Stones

asked the Minister of Power what has been the total amount paid by way of interest by the National Coal Board since nationalisation; and what portion of this has been paid to Her Majesty's Government.

Mr. Peyton

Between 1st January, 1947, and 31st March, 1963, the National Coal Board repaid £45 million out of £388 million vesting liabilities, and £184 million out of £786 million advanced under Section 26 of the Coal Industry Nationalisation Act, 1946. In the same period the Board paid £149 million interest on vesting liabilities and £169 million interest on advances. All these repayments of capital and payments of interest were made to the Exchequer. The Board also reimbursed the Exchequer £63 million in respect of interim income paid to former colliery owners.

Forward to