§ 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' 204W 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.