§ Sir H. Legge-Bourkeasked the Chancellor of the Exchequer what contribution from Government funds he proposes to make to the nationalised industries within his responsibility in respect of current deficit and capital account, respectively, for each of the next five years; and what were the comparable figures for each of the last 10 years.
656W
NET EXCHEQUER LOANS FOR CAPITAL PURPOSES £million 1955–56 1956–57 1957–58 1955–59 1959–60 MINISTRY OF POWER ‡ National Coal Board* … 94.0 11.2 97.0 87.3 113.1 Electricity Council … — 148.0 117.1 128.2 189.6 Gas Council … — 24.0 31.0 22.8 25.8 MINISTRY OF AVIATION British Overseas Airways Corporation … — 9.9 31.2 24.2 6.6 British European Airways … — 7.1 9.0 5.6 10.4 MINISTRY OF TRANSPORT British Transport Commission† … — 70.0 65.2 111.5 110.5 British Railways Board … — — — — — London Transport Board … — — — — — British Transport Docks Board … — — — — — British Waterways Board … — — — — — Transport Holding Company … — — — — — 1960–61 1961–62 1962–63 1963–64 1964–65 MINISTRY OF POWER National Coal Board* … 2.3 23.9 −25.0 −18.5 33.1 Electricity Council … 153.3 191.2 192.3 250.0 317.0 Gas Council … 19.6 12.6 20.9 68.8 49.8 MINISTRY OF AVIATION British Overseas Airways Corporation … 20.1 11.1 11.5 4.5 5.0 British European Airways … 11.8 21.6 3.7 0.7 1.7 MINISTRY OF TRANSPORT British Transport Commission† … 145.0 124.6 64.2 — — British Railways Board … — — — — 20.0 London Transport Board … — — — 7.3 13.0 British Transport Docks Board … — — — — — British Waterways Board … — — — 0.5 0.6 Transport Holding Company … — — — — — EXCHEQUER GRANTS TO MEET DEFICITS £million 1955–56 1956–57 1957–58 1958–59 1959–60 British Transport Commission … — — — — — British Railways Board … — — — — — British Waterways Board … — — — — — 1960–61 1961–62 1962–63 1963–64 1964–65 British Transport Commission … 104.8 152.9 134.4 — — British Railways Board … — — 20.0 126.5 119.4 British Waterways Board … — — 0.1 1.3 1.6 * Under the Coal Industry Act 1965 £415 million of the Board's debt at 28th March, 1965 was written off. † Under the Transport Act 1962 accumulated revenue losses of the Commission totalling £486.9 million were written off. The Exchequer received from the Commission cash and investments to the book value of £54.8 million. ‡ Prior to the Finance Act 1956 capital was normally raised by the issue of stock.
§ Mr. DiamondThe following tables show, for each of the nationalised industries within the responsibilities of the Ministers of Power, Aviation and Transport:
- (a) Net Exchequer advances for capital purposes
- (b) Exchequer grants to meet deficits on current account.
Forecasts of advances and grants in future years will be published shortly in the annual Loans from the Consolidated Fund White Paper.