§ Sir C. Osborne
asked the Minister of Power how much capital has been invested in the coal, gas and electricity industries, respectively; how much each has received further in loans and bank guarantees; what profits or losses they have made since nationalisation; and how much has been paid in taxation from profits from each of the three industries.
§ Mr. Marsh
Information about new investment and accumulated profits or losses for the periods from the industries' respective vesting dates to the end of the industries' 1965–66 financial years is given in the table below.
National Coal Board Electricity Council and Boards in England and Wales Gas Council and Boards £m. £m. £m. From Vesting Date to the end of the financial year 1965–66 New investments in fixed assets … 1,248* 4,884†‡ 970 Accumulated surplus or deficit … −116 457† 71 At end of the financial year 1965–66 Funded borrowings outstanding … 567§ 2,801 623 Temporary borrowings outstanding … 8§ 66 30 * New investment less disposals. † Including Scottish Divisions of the British Electricity Authority up to and including 1954–55. ‡ Including initial charges of nuclear fuel. § After capital reconstruction under the Coal Industry Act 1965.