§ Mr. Viggersasked the Chancellor of the Exchequer what grants, loans and subsidies have been made to nationalised industries since 1965 in terms of 1974 prices; and how these amounts are broken down by year of receipt and by nationalised industry receiving the support.
§ Mr. Joel BarnettThe information is in the following two tables.
87W88W89W
GRANTS AND SUBSIDIES* £ million at January 1974 prices Nationalised industries 1965–66 1966–67 1967–68 1968–69 1969–70 1970–71 1971–72 1972–73 1973–74 National Coal Board … — 2.1 10.0 23.5 15.3 14.8 137.6 12.0 150.1 Central Electricity Generating Board … — — — — — — — 23.2 5.3 Electricity Council and boards … — — 2.4 14.1 4.9 1.0 1.0 — 99.5 Scottish electricity boards … — — 1.0 1.2 0.9 — — — 12.1 British Gas Corporation … — — — 1.8 1.7 0.8 — — 36.1 British Steel Corporation … — — — — — — — — — Post Office … — — — — — — — — 10.4 British Airways Board … — — — — — — — — — British Airports Authority … — — — — — — — — 2.9 British Railways Board … 223.3 224.0 247.3 205.2 129.5 99.2 94.4 182.4 210.8 London Transport Board … 6.5 7.6 17.0 14.9 15.6 2.5 — — — British Transport Docks Board … — — — — — — — — — British Waterways Board … 2.4 2.5 2.2 2.3 2.8 4.1 4.5 5.0 5.5 Transport Holding Company … — — — — — — — — — National Freight Corporation … — — — — 24.7 17.0 10.0 4.3 1.7 National Bus Company … — — — — 3.1 2.6 4.9 15.8 7.3 Scottish Transport Group … — — — — 1.3 1.4 1.6 2.6 2.8 Totals … 232.2 236.2 279.9 263.0 199.8 143.4 254.0 245.3 544.5 * Excluding grants of a kind which are also available to private industry. 90W
NET ISSUES FROM NATIONAL LOANS FUND £ million at January 1974 prices Nationalised industries 1965–66 1966–67 1967–68 1968–69 1969–70 1970–71 1971–72 1972–73 1973–74 National Coal Board* 67.0 72.0 122.2 31.1 -16.2 -38.9 55.3 136.1 19.9 Electricity Council and boards 504.8 637.6 540.0 252.3 413.4 255.4 172.9 94.6 -167.0 North of Scotland Hydro-Electric Board 20.0 35.1 5.3 7.7 2.2 19.6 13.9 11.9 9.6 South of Scotland Electricity Board 45.0 35.3 64.5 52.9 50.9 56.8 55.8 27.4 33.3 British Gas Corporation 105.1 270.8 420.9 315.6 230.1 182.2 234.9 201.8 -40.6 British Steel Corporation — — 280.9 -28.4 45.4 59.2 180.6 166.7 -3.2 Post Office 162.7 214.2 321.0 368.1 332.6 346.6 370.9 494.0 335.2 British Airways Board 4.1 4.6 24.7 41.1 -30.6 33.1 54.5 -41.9 -38.4 British Airports Authority — — 3.2 4.4 1.2 -0.4 -0.4 -0.4 -0.3 British Railways Board 51.4 16.5 8.0 — -21.8 20.5 48.8 — 37.1 London Transport Board 31.7 31.0 29.2 32.2 16.0 — — — — British Transport Docks Board 2.2 6.9 17.0 13.2 16.0 — — — — British Waterways Board 0.3 0.3 0.6 0.6 0.7 0.3 0.6 0.7 — Transport Holding Company 17.1 — 86.7 21.5 — — 2.5 -2.3 — National Freight Corporation — — — — 14.6 20.5 — — — National Bus Company — — — — — 2.7 — — — Scottish Transport Group — — — — — — — — — Totals 1,011.4 1,324.3 1,924.2 1,112.1 1,052.4 967.5 1,194.1 1,092.5 185.6 * The National Coal Board Figures exclude Short-term transactions.