HC Deb 09 March 1965 vol 708 c45W
69. Mr. Garrow

asked the Chancellor of the Exchequer what results are being achieved on the capital invested in the nationalised industries.

Mr. Callaghan

Following is a table showing results in the most recent three years:

NATIONALISED INDUSTRIES
Gross income (before depreciation) as a proportion of net assets (after depreciation)
percentages
1961 1962 1963
‡National Coal Board 10.4 13.7 14.5
*Gas Council and Boards 9.1 9.4 9.8
*Electricity Council and Board 10.5 11.1 11.8
South of Scotland Electricity Board 9.6 10.0 10.0
North of Scotland Hydro-Electric Board 6.7 6.6 5.8
British Transport Commission and success sors 0.6 0.2 1.3
*British European Air-ways 9.4 11.7 17.4
*British Overseas Air ways-Corporation 6.0 8.6 19.3
*Post Office 11.0 10.8 12.4
Net income (after depreciation) as a proportion of net assets (after depreciation)†
percentages
1961 1962 1963
‡National Coal Board 3.1 5.0 5.7
*Gas Council and Boards 4.4 4.7 5.2
*Electricity Council and Boards 5.5 6.0 6.8
South of Scotland Electricity Board 4.9 5.8 5.6
North of Scotland Hydro-Electric Board 5.2 5.1 4.2
British Transport Commission and successors -2.9 -3.1 -2.5
*British European Airways -0.3 2.3 8.7
*British Overseas Air ways Corporation -24.6 -9.8 7.0
*Post Office 6.5 6.2 7.9
*Financial years.
† These figures are on a standardized basis in order to achieve comparability; it is not in all cases the same as that used for the published financial objectives agreed for individual nationalized industries.
‡ Latest accounts covered the period 1st January 1963 to 31st March 1964. Figures have been reduced to 80 per cent, to represent a twelve month period.