§ Mr. Norman Lamont
No. The accounting profession is still in the process of drawing up a standard for inflation accounting. At present the practice of the British Gas Corporation is consistent with the recommendations of the interim code of practice on accounting in the nationalised industries issued by the nationalised industries chairmen's group last February.
§ Mr. Grylls
asked the Secretary of State for Energy what is his policy towards the introduction of private capital into the British Gas Corporation.
§ Mr. John Moore
The amounts spent by the British Gas Corporation and its subsidiary companies under the headings shown below, together with the percentages of total income which they represent for 1978–79, are as follows:
£ million per cent. Research, Testing, and Development 29.4 1.0 UK Continental Shelf Exploration and Development 36.8 1.2 Transmission, Distribution, and Marketing 561.9 18.9