HC Deb 28 March 1979 vol 965 cc203-4W
15. Mr. Gwilym Roberts

asked the Secretary of State for Transport if he is now able to make a statement on the Select Committee on Nationalised Industries' recommendation to write off the debts of the National Bus Company; and what effect he believes this step could have on bus fares.

Mr. Horam

There are still a number of outstanding issues which we shall need to consider before we are able to reply fully to the Select Committee. The effect on fares of writing off NBC's debts would vary with local circumstances, but as the charges on commencing capital debts are only 2 per cent. of NBC's operating costs, it is unlikely to be significant.

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