§ Mr. Wigleyasked the Chancellor of the Exchequer what factors have delayed the Treasury during the past six months in giving approval for overseas companies to invest in manufacturing facilities in the United Kingdom.
§ Mr. DellAll such applications are dealt with as quickly as possible. Delays may of course occur if the number is
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Date Nationalised Industry Amount (£m.) 31st March 1965 … … National Coal Board … … 415.0(a) 31st March 1965 … … British Overseas Airways Corporation … … 110.0(b) 31st March 1965 … … British European Airways … … 25.0 31st December 1968 … … British Railways Board … … 1,262 1(c) 31st December 1968 … … British Waterways Board … … 15.5 1st January 1970 … … London Transport Board … … 269.8 1st April 1972 … … British Steel Corporation … … 350.0(d) 16th March 1973 … … Post Office … … 130.6 31st March 1973 … … National Coal Board … … 449.6(e) Notes: (a) Includes £90.8 million in respect of accumulated revenue losses at March 1965 and £24.8 million provision for revenue losses in the year ended March 1966. (b) Including £30 million reconstituted as a reserve, which has since been recapitalised as public dividend capital. (c) Including £705 million debt suspended under the Transport Act 1962 and finally written off under the Transport Act 1968. (d) Transferred to reserves under the Iron and Steel Act 1972; £118 million had been written off against this reserve by 31st March 1973. (e)Includes £174.6 million in respect of accumulated revenue losses at 31st march 1973. unusually large or if an application presents unusual or difficult features. If the hon. Member has any particular case in mind perhaps he would let me have the details.