§ Mr. Parkerasked the Chancellor of the Exchequer if he will bring Tables II and III of Command Paper No. 1337 up to date; and if he will, for the last convenient year, provide figures giving the value of each of the public corporations net assets after depreciation used in calculating their rates of return.
§ Mr. DiamondThe following tables give the information required.
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TABLE III NET INCOME (AFTER DEPRECIATION) AS A PROPORTION OF NET ASSETS (AFTER DEPRECIATION) 1960 1961 1962 1963 1964 1965 Manufacturing, Distribution, &c. 15.7 13.6 12.4 13.2 14.4 13.6 Iron and Steel 16.6 11.5 7.4 6.1 7.9 8.4 National Coal Board‡ 2.3 3.1 5.0 4.1 4.5 0.2 Gas Council and Boards 4.1 4.4 4.7 5.2 6.0 5.3 Electricity (B.E.A., C.E.A., E.C. and Boards) 5.1 5.5 6.0 6.8 6.4 6.9 South of Scotland Electricity Board‡ 4.4 4.9 5.8 5.6 5.0 5.3 North of Scotland Hydro-Electric Board‡ 4.3 5.2 5.1 4.2 4.6 5.0 British Transport Commission§ -2.4 -2.9 -3.1 — — — British Railways Board§ — — — -4.8 -4.0 -4.3 London Transport Board§ — — — 4.6 4.2 1.3 British Transport Docks Board§ — — — 5.3 5.2 4.7 British Waterways Board§ — — — -5.8 -5.1 -4.5 Transport Holding Company§ — — — 8.7 10.8 10.0 British European Airways 7.0 -0.5 1.9 8.5 4.7 4.2 British Overseas Airways Corporation 3.5 -24.6 -9.8 6.6 14.1 9.4 Post Office 8.5 6.5 6.2 7.8 6.9 8.1 * The data on which the figures for IRON AND STEEL were originally compiled ceased to be available after 1959.The figures in which table are based on different data and are therefore not directly comparable with those for the earlier years. † In 1963 accounting changed from calendar to financial years. The figures for 1963 have been reduced to represent a twelve-month period. ‡In 1964 accounting changed from calendar to financial years. The figures for 1964 have been reduced to represent a twelve-month period. § These bodies account by calendar year, the remainder by financial year.
NATIONALISED INDUSTRIES AVERAGE NET ASSETS Period £m. National Coal Board … … … … 1965/6 886 Gas Council and Boards … … … … 1965/6 843 Electricity (B.E.A., C.E.A., E.C. and Boards) … … … … 1965/6 3,490 South of Scotland Electricity Board … … … … 1965/6 292 North of Scotland Hydro-Electric Board … … … … 1965/6 249 British Railways Board … … … … 1965 1,595 London Transport Board … … … … 1965 197 British Transport Docks Board … … … … 1965 91 British Waterways Board … … … … 1965 13 Transport Holding Company … … … … 1965 168 British European Airways … … … … 1965/6 93 British Overseas Airways Corporation … … … … 1965/6 133 Post Office … … … … 1965/6 1,408