§ Mr. David Howellasked the Chancellor of the Exchequer what estimate he has made of revenue from long term capital gains tax for the financial year 1970–71; and whether he has revised this estimate
CAPITAL DEBT, INCLUDING REVENUE DEFICIT, WRITTEN OFF SINCE 1964 Date Nationalised Industry Act Amount £m. 31st March, 1965 National Coal Board Coal Industry Act 1965 415* 31st March, 1965 British Overseas Airways Corporation. Air Corporations Act 1966 110† 31st March, 1968 British European Airways Air Corporations Act 1969 25 31st December, 1968 British Railways Board Transport Act 1968 1,262‡ 31st December, 1968 British Waterways Board Transport Act 1968 16 1st January, 1970 London Transport Board Transport (London) Act 1969 270 2,098 * Including £116 million in respect of revenue losses. † Including £30 million reconstituted as a reserve, of which £15 million has since been recapitalised. ‡ Including £705 million debt suspended under the Transport Act 1962 and finally written off under the Transport Act 1968.