§ Mr. Meacherasked the Chancellor of the Exchequer, for each year since 1950, what has been the percentage of company capital funds derived, respectively, from capital issues, loans and debentures, un-
PERCENTAGE OF TOTAL SOURCES OF FUNDS UK capital issues by quoted companies Total sources of funds £ million Undistributed income*Per cent. Capital transfers† Per cent. Bank borrowing Per cent. Other loans and mortgages Per cent. Ordinary shares Per cent. Debenture and preference shares Per cent. Overseas sources of funds Per cent. 1960 … 3,551 72 — 12 3 7 2 4 1961 … 3,131 70 — 7 4 10 4 5 1962 … 2,884 69 1 10 4 5 6 5 1963 … 3,761 67 — 14 3 3 6 7 1964 … 4,494 65 — 17 4 4 6 4 1965 … 4,487 67 — 11 6 1 8 7 1966 … 3,837 69 1 5 3 3 12 7 1967 … 4,061 66 6 8 1 2 8 9 1968 … 5,150 57 9 11 2 6 4 11 1969 … 5,519 53 11 12 4 3 6 11 1970 … 5,701 49 9 20 5 1 3 13 1971 … 6,281 55 9 12 5 2 3 14 1972 (preliminary)‡ 8,978 45 5 33 2 3 3 9 * Before providing for depreciation, stock appreciation and additions to reserves. † Including investment grants. ‡ Certain information for the fourth quarter is incomplete. Source:
Financial Statistics: March 1973, Table 81.
National Income and Expenditure Blue Books: 1971 and 1972, Financial Accounts.
Comprehensive figures on a basis that would enable percentage shares to be calculated are not available before 1960. Information on some of the relevant components for 1952 to 1959 is contained in "An introduction to flow of funds accounting: 1951–70" published by the Bank of England.