§ Mr. Gryllsasked the Chancellor of the Exchequer whether he will publish for each year since 1970 (a) a table showing for each of the nationalised industries and publicly owned companies their annual surpluses or deficits after tax, interest and extraordinary items, and (b) list separately for each of these nationalised industries and publicly owned companies sums written off and extraordinary items, and, express all these sums in (a) and (b) in (i) constant and (ii) current prices.
§ Mr. BrittanThe information in respect of all the publicly owned companies is not readily available in the form requested and cannot be provided without disproportionate expenditure of time and resources. Details of Government shareholdings are given in supplementary statements to the Consolidated Fund and National Loans Fund accounts and a monthly list of National Enterprise Board shareholdings is deposited with the House Library.
Following is the information in respect of the nationalised industries for the years 1975–76 to 1979–80 (1970–71 to 1980–81 in the case of debt written-off). Details in respect of the period before 1975–76 are not readily available in the form requested, except for debt written off, and cannot be provided without disproportionate expenditure of time and resources.
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1975–76 1976–77 1977–78 1978–79 1979–80 British Airports Authority 8.6 (1.2) 6.9 18.3 23.0 British Shipbuilders† — — (120.2) (75.2) (152.3) 1975 1976 1977 1978 1979 British Railways Boardt† 9.2 7.9 35.4 7.7 (0.4) British Transport Docks Board 1.3 9.3 9.6 8.5 7.1 British Waterways Board† ‡(l3.4) ‡(14.9) ‡(16.2) ‡(20.0) ‡(22.3) National Freight Company† (52.1) ‡(22.8) ‡(12.4) ‡0.4 2.1 National Bus Company (31.9) 6.6 12.6 21.4 6.4 Scottish Transport Group† (5.5) (1.3) 1.3 0.8 (0.4) British National Oil Corporation — (1.9) (2.5) (3.6) 14.1 British Aerospace — — 38.5 34.5 42.5 * As shown in the annual reports and accounts of the industries. After depreciation (including, where applicable, supplementary depreciation as charged in the Accounts), interest and grants for specific purposes (see note (†)) and, where applicable, extraordinary items, minority interests and taxation. Before, where applicable, special grants to meet deficits on revenue account (see note (‡)), compensation for price restraint (see note (**)) and dividend on public dividend capital. † Including grants for specific purposes. ‡ Excluding special deficit grant. ** Excluding compensation for price restraint.
Nationalised Industries Capital debt and revenue deficits written off £ million 1970–71 1971–72 1972–73 1973–74 1974–75 1975–76 1976–77 1977–78 1978–79 1979–80 1980–81 National Coal Board* — — 449.6 — — — — — — — — National Coal Boardt† — — 1,206 — — — — — — — — British Steel Corporation* — 200 150 — — — — — — — — British Steel Corporation† — 579 402 — — — — — — — — Post Office* — — 130.6 46.8 — 16.7 — — — — — Post Officet† — — 350 114 — 28 — — — — — British Airways Board* — — — — — — — — — — 160 British Airways Board† — — — — — — — — — — 135 British Railways Board* — — — — 188.7 — — — — — — British Railways Board† — — — — 388 — — — — — — National Freight Company* — — — — — — — — 53.1 — 100 National Freight Company† — — — — — — — — 62 — 85 * Current prices. £ million † 1980 survey prices. 242W
Nationalised Industries Extraordinary items (Net)* £ million 1975–76 1976–77 1977–78 1978–79 1979–80 National Coal Board† 6.3 (0.7) (0.2) (0.3) — National Coal Board‡ 10.4 (1.0) (0.3) (0.4) — British Steel Corporation† — — — — (1,239.0) British Steel Corporation‡ — — — — (1,239.0) British Airports Authority† 1.0 — — — — British Airports Authority‡ 1.7 — — — — British Shipbuilders† — — — (12.1) (42.6) British Shipbuilders‡ — — — (14.2) (42.6) 1975 1976 1977 1978 1979 British Railways Board† 66.3 35.2 (2.7) (0.1) (1.8) British Railways Board‡ 111.4 52.4 (3.5) (0.1) (1.9) British Transport Docks Board† — 0.7 — — — British Transport Docks Board‡ — 1.0 — — — National Freight Company† (5.0) (1.3) — — — National Freight Company‡ (8.4) (1.9) — — — Scottish Transport Group† — — — — (0.5) Scottish Transport Group‡ — — — — (0.5) * As shown in the annual reports and accounts of the industries. † Current prices. ‡ 1980 survey prices.