§ Mr. Millanasked the Minister of Power to what extent the figures for net surplus for the five years to 1966–67
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§ Mr. WoodEnergy consumption in the United Kingdom was 264.3 million tons of coal equivalent in 1961 and may not be far short of 270 million tons in 1962. Following are the further figures:
laid down as the financial objectives of the gas and electricity boards were calculated after providing for additional depreciation to cover the replacement cost of assets; and if he will publish for each board the additional depreciation figures so provided.
§ Mr. WoodThe net surpluses agreed with the Electricity Boards in England and Wales and with each of the Area Gas Boards as objectives for the period 1962–63–1966–67 take full account of the criteria laid down in paragraph 19 (b) of Cmnd. 1337. They therefore take account of additional depreciation to cover replacement cost. I have not, however, sought to agree with the boards detailed figures to represent this element.
§ 53. Mr. Millanasked the Minister of Power if, in view of the financial objectives of the electricity and gas boards, set under the White Paper, Command Paper No. 1337, on the financial and economic obligations of the nationalised industries, he will publish a table showing for each of the boards, the total actual surplus for the last five years for which figures are available, and the increase of the surplus for the five years to 1966–67 over these figures.
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§ Mr. WoodFollowing is the table:
ELECTRICITY BOARDS IN ENGLAND AND WALES £ million Boards Total Net Surplus over 5-year periods Increase Out-turn for 1956/57–1960/61 Objectives for 1962/63–1966/67 London 13.2 18.0 4.8 South Eastern 1.5 9.0 7.5 Southern 6.5 17.0 10.5 South Western 2.5 7.5 5.0 Eastern 11.6 20.0 8.4 East Midlands 4.5 15.0 10.5 Midlands 3.7 17.0 13.3 South Wales 1.7 9.5 7.8 Merseyside and North Wales 2.3 10.0 7.7 Yorkshire 3.2 23.0 19.8 North Eastern 5.2 12.0 6.8 North Western 5.5 15.0 9.5 Total Area Boards 61.4 173.0 111.6 Central Electricity Authority/Central Electricity Generating Board 36.7 163.0 126.3 TOTAL 98 336 238
GAS BOARDS £ million Boards Total Net Surplus over 5-year periods Increase Out-turn for 1956/57–1960/61 Objectives for 1962/63–1966/67 Scottish … … … (−) 0.8 3.5 4.3 Northern … … … 2.1 2.6 0.5 Northwestern … … … (−) 0.4 6.6 7.0 North Eastern … … … (−) 0.2 2.5 2.7 East Midlands … … … 1.8 5.0 3.2 West Midlands … … … 3.0 4.9 1.9 Wales … … … 0.4 2.4 2.0 Eastern … … … (−) 0.4 3.1 3.5 North Thames … … … 1.0 11.8 10.8 South Eastern … … … (−) 1.9 6.0 7.9 Southern … … … 0.4 2.8 2.4 Southwestern … … … (−) 0.3 2.8 3.1 TOTAL … … … 5 54 49