§ Mr. H. WILLIAMSasked the Minister of Transport the amount of depreciation which was written off the capital expenditure of £294,000 on the assets of the 374W Leatherhead and District undertaking transferred to the London and Home Counties Joint Electricity Authority?
§ Mr. PYBUSThe transfer took place during 1931, and the published accounts of the Leatherhead and District Electricity Company for the year ending 31st December, 1930, show that the amount credited to Depreciation and Reserve Account at that date was £63,852. It is not the general practice of electricity supply companies to write down their capital expenditure until such time as particular assets disappear.