§ Mr. Dodsworthasked the Secretary of State for Industry if he will publish in the Official Report a table showing the total cost to public funds of each nationalised industry—including compensation payments—from the date of nationalisation to the present time.
§ Mr. Gregor Mackenzie:The information for the nationalised industries for which my Department is responsible is as follows:
Amount (at outturn prices)£million The Post Office Write-off of postal deficits 177.4 Compensation to the Post Office under the Statutory Corporations (Financial Provisions) Act 1974 133.3 Investment grants under the Industrial Development Act 1966 3.0 Total 313.7
Amount (at outturn prices)£ million The British Steel Corporation Transfer of capital debt to reserves* 350.0* Investment grants, regional development grants and similar grants, including any due to the companies at the time of natinalisation 207.6 Total 557.6 *Against this £128 million has been written off to date.