§ 69. Mr. Garrowasked the Chancellor of the Exchequer what results are being achieved on the capital invested in the nationalised industries.
§ Mr. CallaghanFollowing 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.