National Coal Board (Hansard, 17 January 1968)

§ Mr. Leadbitter
asked the Minister of Power how much of the National Coal Board debt has been written off in the past five years.

§ Mr. Freeson:
£415 million was written off under the Coal Industry Act, 1965.

§ Mr. Leadbitter
asked the Minister of Power by how much the National Coal Board fell short of supporting its own capital investment programme in the years 1960 to 1967, inclusive; and how any deficiency has been met.

§ Mr. Freeson:
The information is as follows:

Year Capital Expenditure(net)^* Internal Finance† Balance Financed by Exchequer borrowing

1960 83.3 51.1 32.2

1961 91.4 51.3 40.1

1962 84.3 83.0 1.3

1963–64 (15months) 109.2 109.2 —

1964–65 88.6 75.0 13.6

1965–66 89.1 40.0 49.1

1966–67 89.9 65.3 24.6

^*Figures for capital expenditure are net of sales.

† Internal finance mainly comprised depreciation plus revenue surplus or minus revenue deficit.

Year	Capital Expenditure(net)^*	Internal Finance†	Balance Financed by Exchequer borrowing
1960	83.3	51.1	32.2
1961	91.4	51.3	40.1
1962	84.3	83.0	1.3
1963–64 (15months)	109.2	109.2	—
1964–65	88.6	75.0	13.6
1965–66	89.1	40.0	49.1
1966–67	89.9	65.3	24.6
^*Figures for capital expenditure are net of sales.
† Internal finance mainly comprised depreciation plus revenue surplus or minus revenue deficit.