§ 46. Mr. J. Bennettasked the Minister for Public Building and Works when the present offices at Summer Street, Bridge-
Industry Date of announcement Objective Electricity Boards in England and Wales. 28th March, 1962 (Cols. 123–124) An average gross return of about 12½ per cent. on average net assets 1962–63 to 1966–67. South of Scotland Electricity Board. 28th March, 1962 (Cols. 1335–1336) North of Scotland Hydro-Electric Board. 30th May, 1962 (Cols. 1356–1358) To apply such tariff changes as will produce a percentage increase in the income derived from its own consumers similar to that which is to be achieved by the South of Scotland Electricity Board. Gas Boards 28th March, 1962 (Cols. 123–124) An average gross return of about 10¼ per cent. on average net assets 1962–63 to 1966–67. National Coal Board 23rd July, 1962 (Cols. 931–934) To break even from 1963 after paying interest and making proper provision for depreciation including the provision of £10m. a year to help cover the difference between depreciation at historic and replacement cost. The surpluses implied by the objectives for the electricity and gas industries as a contribution towards further capital expansion will vary according to the rate of growth of the Boards' net assets. On the basis of known estimates of capital requirements when the financial objectives were announced the surpluses implied were £336 million for the Electricity Boards in England and Wales and £54 million for the Gas Boards over the
110Wton, Glasgow, were taken over by his Department.
§ Mr. SharplesThe offices at Summer Street, Bridgeton, Glasgow, which are occupied by a local office of the National Assistant Board, have been held on lease by my Department since Whitsunday, 1962.