HC Deb 19 March 1957 vol 567 cc31-2W
66. Mr. Nabarro

asked the Chancellor of the Exchequer what discussions are taking place at Ministerial level with the nationalised industries concerned to continue after June, 1957, the price stabilisation policy agreed last year; and, having regard to the importance of price stability in the fuel and power industries, notably coal, whether he will make a statement.

Mr. P. Thorneycroft

The Boards of the nationalised industries are under statutory obligation to pay their way, taking one year with another. It is for them to decide how this obligation is to be discharged. My right hon. Friends the Ministers concerned are in consultation with the chairmen of the Boards about their capital expenditure and borrowing requirements in the corning year I am not in a position to make a further statement.