§ Mr. Biggs-Davisonasked the Chancellor of the Exchequer what has been the cost paid, or owing, out of public funds to date in respect of subsidies, writings off, actual or prospective, and other losses in respect of various nationalised industries.
§ Mr. Joel BarnettFollowing is the information. The amounts in the first column are payments by central Government to the industries except where otherwise indicated.
631W
(8) This amount was transferred to reserves under the Iron and Steel Act 1972: against this £131.5 million had been written-off by 29th March 1975. (9) Including £30 million reconstituted as a reserve, which has since been capitalised as public dividend capital. (10) Including £705 million debt suspended under the Transport Act 1962 and finally written off under the Transport Act 1968.