§ Mr. Tebbitasked the Secretary of State for Trade if he will list the overseas borrowings of the nationalised industries for which he is responsible in each of the last 10 years, together with the value of their exports for the same years, and the value of their imports of capital goods and services.
§ Mr. Clinton DavisThe British Airports Authority was established in April 1966. It has undertaken no foreign borrowing. There were no imports of capital
£ million 1964–65 1965–66 1966–67 1967–68 1968–69 Overseas loans outstanding at 31st March each year (sterling equivalents) Not available 16.2 28.6 Imports of capital equipment (aircraft and initial spares) 5.0 5.0 4.0 10.8 12.8
£ million 1969–70 1970–71 1971–72 1972–73 1973–74 Overseas loans outstanding at 31st March each year (sterling equivalents) 48.3 96.2 123.0 107.0 112.6 Imports of capital equipment (aircraft and initial spares) 12.7 68.6 60.5 11.5 30.9
Exports 1971 1972 1973 1974 Earnings overseas … … 208.0 267.0 317.0 382.0 less operating expenses overseas … … 115.0 144.0 176.0 230.0 Net balance of payments contribution … … 93.0 123.0 141.0 152.0