§ Mr. Stephen Rossasked the Chancellor of the Exchequer if he will make an estimate of the total cost of teachers' salaries in the current financial year; and what percentage of this amount is borne by the national Exchequer.
§ Mr. PrenticeI have been asked to reply.
155WThe total cost of teachers' salaries in England and Wales in the current financial year is estimated at approximately £1,440 million at 1974 survey prices. The teachers' salary bill is part of the relevant expenditure which in total attracts 60.5 per cent. rate support grant.
§ Mr. Stephen Rossasked the Chancellor of the Exchequer if teachers' salaries were paid in total by the national Exchequer, what percentage of the total expenditure on education would still be borne by local authorities.
§ Mr. PrenticeI have been asked to reply.
If teachers' salaries were paid in total by the national Exchequer, and assuming that the remainder of relevant expenditure on education continued to attract the current 60.5 per cent. rate support grant, it is estimated that local authorities in England and Wales would then need to find from their own resources approximately
156W
Name of company Number of shares held British Nuclear Design & Construction Ltd. 260,000 £1 Ordinary shares British Petroleum Company Limited 186,092,307 Ordinary £1 stock 1,000 £1 8 % Cumulative First Preference Stock British Sugar Corporation 1,125,000 £1 Ordinary shares Cammell Laird Shipbuilders Limited 1,500,000 £1 Ordinary shares Dunford and Elliott Limited 271,357 25p Ordinary shares International Computers (Holdings) Limited 3,500,000 £1 "C" Ordinary shares Kearney and Trecker Marwin Limited* 300,000 Redeemable Convertible "A" Third Preference shares of £1 100,000 8½% Redeemable Convertible "B" Third Preference shares of £1 400,000 7½% Redeemable Participating non-convertible Fourth Preference shares of £1 George Kent Limited 4,261,757 Ordinary shares of 50p Mersey Docks and Harbour Company 4,137,265 10p Ordinary shares Norton Villiers Triumph Limited 3,500,000 £1 "A" Redeemable Preference shares 1,372,000 £1 "B" Redeemable Convertible Preference shares Nuclear Enterprises Limited 7,353 £1 "B" Ordinary shares SB(Realisations) Limited? 42,050 5% Redeemable Cumulative £1 Preference shares 581,302 25p Ordinary shares 250,000 25p "A" Ordinary shares Suez Finance Company 645,591 FF100 Capital shares Toplis & Harding (Middle East) Limited (in liquidation) 997 50p shares Upper Clyde Shipbuilders Limited (in liquidation) 875,000 £1 Ordinary shares 12,000,000 25p Ordinary shares Details of shareholdings held by nationalised industries and other public corporations are shown in their annual reports and accounts. * Funds of up to £3.5 million are being made available to Kearney and Trecker Marwin Limited through a new holding company in which the Department of Industry will initially hold 50 per cent. of the ordinary shares. Details of the scheme have not yet been finalised. † SB(Realisations), in which the Government have a 100 per cent. shareholding, is the holding company for their 69.5 per cent. interest in Short Brothers and Harland. 20 per cent. of the total expenditure on education.
§ Mr. Stephen Rossasked the Chancellor of the Exchequer by what amount the transfer of the whole of the cost of teachers' salaries to the national Exchequer would reduce the burden of rates falling on the ratepayer.
§ Mr. PrenticeI have been asked to reply.
In 1974–75, in England and Wales, an estimated £570 million at 1974 survey prices.