HC Deb 30 January 1976 vol 904 cc378-9W
Mr. Dodsworth

asked the Chancellor of the Exchequer (1) if he will publish in the Official Report a table showing a breakdown of all nationalised industry borrowing powers, giving the existing statutory limit, the increase permissible by order, the estimated amount outstanding at 31st December 1975 and the relevant statutes;

(2) if he will publish in the Official Report a table showing an analysis of the amounts outstanding against statutory financing limits of all nationalised industries at 31st December 1975.

Mr. Joel Barnett,

pursuant to his reply [Official Report, 20th January 1976;

TABLE 1
NATIONALISED INDUSTRIES: BORROWING POWERS
£ million
Nationalised Industry Existing Statutory limit Increase permissible by Order Estimated amount outstanding at 31st December 1975 Relevant Statute
National Coal Board 700 693 Coal Industry Act 1973
Electricity Council and Boards 6,500 5,304 Electricity Act 1972
North of Scotland Hydro-Electric Board 1,200 1,023 Electricity Act 1972
South of Scotland Electricity Board
British Gas Corporation 2,500 200 2,299 Gas Act 1972
British Steel Corporation 2,000 1,206 Iron & Steel Act 1975
Post Office 4,800 3,983 Post Office (Borrowing) Act 1972
British Airways Board 560 140 388 Civil Aviation Act 1971
British Airports Authority 125 62 Airports Authority Act 1975
British Railways Board 600 300 342 Railways Act 1974
British Transport Docks Board 160 124 Transport Act 1968
British Waterways Board 12 11 Transport Act 1968
National Freight Corporation 200 100 166 Transport Act 1968
National Bus Company 130 122 Transport Act 1968
Scottish Transport Group 50 24 Transport Act 1968

TABLE 2
NATIONALISED INDUSTRIES: ANALYSIS OF AMOUNTS OUTSTANDING AGAINST
STATUTORY FINANCING LIMITS AT 31ST DECEMBER 1975
£ million
Gross Government advances Repayments Net Government advances Borrowing by Stock Issues Temporary (and Other Domestic) Borrowing Borrowing Abroad Public Dividend Capital Total
National Coal Board 457 64 393 144 156 693
Electricity Council and Boards 6,101 2,459 3,642 620 274 768 5,304
North of Scotland Hydro-Electric Board 400 177 223 69 3 95 390
South of Scotland Electricity Board 763 273 490 12 131 633
British Gas Corporation 2,476 833 1,643 214 101 341 2,299
British Steel Corporation 788 295 493 171 181 361 1,206
Post Office 3,637 190 3,447 75 461 3,983
British Airways Board 188 129 59 123 206 388
British Airports Authority 64 2 62 62
British Railways Board 322 9 313 29 342
British Transport Docks Board 124 124 124
British Waterways Board 10 10 1 11
National Freight Corporation 154 154 12 166
National Bus Company 132 10 122 122
Scottish Transport Group 20 20 4 24

Forward to