HC Deb 18 June 1974 vol 875 cc139-40W
Mr. Adam Hunter

asked the Secretary of State for Scotland how much compensation is to be paid to the Scottish electricity boards in respect of financial losses incurred by them in 1973–74.

Mr. William Ross

I have advised the boards that I shall be laying before this House a draft order under Section 2 of the Statutory Corporations (Financial Provisions) Act 1974 specifying the following amounts for payment to the boards in respect of the financial year

Commodity Description Price at beginning of May 1974
Copper Wirebars, London Metal Exchange settlement price £1,350 tonne
Lead London Metal Exchange settlement price £300 tonne
Zinc European producers' price £330 tonne
Tin London Metal Exchange settlement price £4,000 tonne
Aluminium Ingots, Canadian producers' price £316.5 tonne
Nickel Refined, Canadian producers' price £1,581 tonne
Raw wool Merion 64's 225p kilo
Raw cotton 1 1/16 inch 64.2p kilo
Raw jute White 'C' grade £160 ton
Natural Rubber No. 1 R.S.S 38.7p kilo
Beef Eire hindquarters 36.0p lb.
Lamb New Zealand (including duty) 27.0p lb.
Bacon Danish Al £650 ton
Wheat U.S. Dark Northern Springs. £83.0 ton
Maize No. 3 American Yellow £60.5 ton
Coffee Ugandan Robustas Type 2 3 months futures £602 tonne
Cocoa Accra/Lagos 3 months futures £898 tonne
Tea Average price at London tea sales 61.2p kilo
Palm Oil Malaysian nearest futures £245 ton
Soya Beans U.S. No. 2 nearest futures £101 tonne

1973–74: North of Scotland Hydro-Electric Board—£2,724,658; South of Scotland Electricity Board—£10,075,082.

Forward to