§ Mr. Ron Davisasked the Secretary of State for Energy what discussions he has had with the chairman of the National Coal Board regarding the funding of the industry.
§ Mr. David HuntMy right hon. Friend and I meet the chairman of the National Coal Board regularly to discuss all aspects of the coal industry, including its funding. The NCB's recovery during 1985–86 put the board on a firmer foundation at the start of 1986–87, although lower oil prices have increased the competitive pressure on the industry. The NCB's external financing limit for 1986–87 has been set at £730 million, and its capital approval for that year at £650 million.