§ 54. Mr. William Hamiltonasked the Chancellor of the Exchequer how much of the capital debt of the nationalised industries has been written-off in the last five years, including the proposed writing-off of 90 per cent. of such debt owed by London Transport.
§ Mr. TaverneFollowing is the information:
£ million British Overseas Airways Corporation 110.0† National Coal Board 415.0 British Railways Board 1262.1* British Waterways Board 15.5 London Transport Board 243.01‡ 2045.6 * Including £705 million suspended debt under the 1962 Transport Act, finally written off under the 1968 Transport Act. † Including £30 million reconstituted as a reserve, of which £15 million has since been recapitalised. ‡ Estimate. (90 per cent. of an estimated debt to the Minister of £270 million at vesting day, subject to passage of the Transport (London) Bill).