§ Sir C. Osborneasked the Minister of Power what have been the total losses, and the capital expenditure in the coal, gas and electricity industries since nationalisation, respectively; and what has been the increase in price per unit charged for their services.
§ Mr. Frederick LeeThe information, which relates to the periods between the respective vesting dates and the end of 1964–65 financial year, is as follows:
Coal
The accumulated deficit was £91 million. The cost of assets acquired, less disposals, was £1,204 million. Average proceeds per ton increased from 40s. 3d. to 91s. 8d.
Gas
Total disposable surpluses were £60 million. Expenditure on fixed assets amounted to £849 million. The average price realised increased from 12.98d. (in 1950) to 22.61d. per therm.
Electricity (Great Britain)
Total surpluses were £384 million. Expenditure on fixed assets, including initial charges on nuclear fuel, was £4,851 million. Average revenue per unit sold increased from 1.176d. to l.637d.