HC Deb 02 December 1980 vol 995 cc140-1W
Mr. Hordern

asked the Secretary of State for Industry if he will publish a table showing the sums of debt written off, interest forgone, and additional sums given to each of the nationalised industries and other companies including the National Enterprise Board, for which he has responsibility, in each of the last 10 years; and what further sums he proposes.

Mr. Michael Marshall

[pursuant to his reply, 1 December 1980, c. 42]: The table overleaf shows the capital written off, the public dividend capital and equity provided, and the subscriptions of capital and special grants made in the last 10 years. Dividends have been paid on public dividend capital provided to British Aerospace and the Post Office. My right hon. Friend has no specific proposals for further sums to announce at present.

1970–71 1971–72 1972–73 1973–74 1974–75 1975–76 1976–77 1977–78 1978–79 1979–80
(b) capital written off 130.6 46.8 16.7
(c) PDC 13.0 4.0
British Leyland: Equity 200 475 300
Rolls-Royce: Equity‡ 30 30 77 38 21 7 31
NEB (for other companies): PDC 2.2 15.1 53.4 66.2 32.3
* Until 1977–78 the amounts, shown for BSC were in public dividend capital form, but in later years they were subscriptions of capital under section 18 of the Iron and Steel Act 1975.
† The £50 million to British Aerospace was provided as a grant, but was converted to PDC in 1979–80.
‡ Figures for Rolls-Royce are for calendar years.